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NEW YORK , May 3, 2022 /PRNewswire/ -- According to the market outlook report, the Concrete Machinery Market share will witness a YOY growth of 5.61% in 2022 at a CAGR of 5.85% during the forecast period. The report is segmented by end-user (non-residential and residential) and geography (APAC, North America , Europe , South America , and the Middle East and Africa ). One of the main drivers of the Concrete Machinery Market is the expansion of the construction industry.
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The Concrete Machinery Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read our Sample Report.
APAC will account for half of the market's growth. In APAC, China and India are the most important markets for concrete machinery. The market in this region will increase at a quicker rate than the market in other regions.
The quick growth of the APAC concrete machinery market will be aided by the huge increase in demand for food as a result of the constantly growing population.
Furthermore, countries such as the US, Canada , China , India , Germany , and France are expected to emerge as prominent markets for the Concrete Machinery Market during the forecast period.
Know more about this market's geographical distribution along with a detailed analysis of the top regions. Download Detailed Sample Report.
The non-residential segment's share of the concrete machinery market will grow significantly. The growth of the non-residential construction market will be fueled by the increase in non-residential building construction. For instance, the rapid growth in Indian services sectors, including information technology (IT), telecommunication, and outsourcing of multinational businesses, is boosting the demand for office space in metropolitan cities such as Bengaluru and Delhi .
View Sample Report: to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Drivers & Challenges:
The rise of the construction sector is one of the major factors driving the global concrete machinery market. Another trend that is projected to positively impact the industry in the forecast period is the rising demand for precast concrete for non-residential buildings. The expanding secondhand machine market, on the other hand, is one of the major hurdles to the global concrete machinery market's growth.
Download Sample Report for highlights on market Drivers & Challenges affecting the Concrete Machinery Market.
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Accelerate at a CAGR of 5.85%
APAC, North America, Europe, South America, and Middle East and Africa
US, Canada, China, India, Germany, and France
Leading companies, Competitive strategies, Consumer engagement scope
SICOMA North America Inc. , BHS-Sonthofen GmbH, EMAC International Group, Foton Motor Inc., Hess Corp., Holcombe Mixers, Hyundai Motor Co., Liugong Construction Machinery Jiangsu Co. Ltd, Luoyang CIMC Lingyu Automobile Co. Ltd. , Marsay Equipment CC, Mbw Inc., Metalgalante SpA, Powertek Bulgaria Ltd., Rometa SA, Sami Srl, SANY Group, Sermac Srl, Shantui Jianyou Machinery Co. Ltd., Terex Corp., Thomas Concrete Group AB, Xuzhou Construction Machinery Group Co. Ltd., Zhengzhou Huazhong Construction Machinery Co. Ltd., and Zoomlion India Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
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