As per the latest report by IMARC Group, titled “Cement Mixer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global cement mixer market size reached US$ 15.3 Billion in 2019. Cement represents one of the most economical construction materials that is widely used across the globe. It was earlier prepared manually by workers, but since it is a time-consuming process, it is nowadays made in a cement mixer by homogeneously combining cement, aggregate sand and water to form concrete. A cement mixer comprises a revolving drum and blade, and it is generally available in a variety of sizes as well as types. As it saves time and effort and reduces the formation of cement lumps, its demand is escalating around the world.
Global Cement Mixer Market Trends:
Cement mixers are economical, productive and assist in improving the overall work output. This, in confluence with the trend of equipment rental and leasing in smaller firms, is increasing the sales of cement mixers worldwide. Besides this, due to rapid urbanization, a growing global population and inflating income levels, there is a rise in the construction activities, especially in the residential and commercial sectors. Along with this, the increasing development of smart cities across the globe is also impelling the market growth. Furthermore, governments of numerous countries are investing in developing public infrastructure to boost travel and tourism, which is expected to positively influence the growth of the market in the coming years. On account of these factors, the market value is projected to reach US$ 24.6 Billion by 2025, expanding at a CAGR of 8.4% during the forecast period (2020-2025).
- Based on the product type, the market has been segmented into diesel, twin shaft, tilting and non-tilting mixer.
- On the basis of the end user, the market has been segregated into industrial, residential and commercial sectors. The industrial sector currently accounts for the majority of the total market share.
- Region-wise, Asia Pacific enjoys the leading position in the market. Other major regions include Europe, North America, Latin America, and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being Caterpillar Inc., Liebherr Group, Sany Heavy Industry Co., Ltd., Akona Engineering Pvt. Ltd., Zhengzhou SanqGroup Machinery Co. Ltd., Lino Sella SRL, Shantui Construction Machinery Co. Ltd., Terex Corporation and Zoomlion Heavy Industry Science & Technology Co. Ltd.
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