The global cement mixer market reached a value of US$ 13 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
A concrete or cement mixer refers to a machine that converts cement into a binding agent by combining aggregate sand, gravel, and water. It consists of a revolving drum that mixes the components and enables workers to prepare concrete at the construction site, providing enough time to make use of the material before it hardens.
Base Year: 2020
Forecast Year: 2021-2026
Global Cement Mixer Market Trends:
The primary growth-inducing factor of the global cement mixer market is the rapid urbanization and significant rise in construction activities across the globe. Cement mixers are economical, productive and assist in improving the overall work output. Besides this, the development of smart cities and transportation networks, along with an increasing focus on renovating and expanding the existing public infrastructure, has led to escalating demand for cement mixers. Furthermore, governments of various countries are undertaking initiatives to encourage manufacturers to utilize energy-efficient equipment for cement production, which is expected to create a positive outlook for the market in the coming years.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Signature Verification Market Segmentation:
The report has segmented on the basis of product type, end-user and region.
Market Breakup by Product Type
- Diesel Mixer
- Twin Shaft Mixer
- Tilting Mixer
- Non-Tilting Mixer
Market Breakup by End-User
Market Breakup by Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Some of the major players operating in the industry include Caterpillar (NYSE: CAT), Liebherr-International AG, SANY GROUP (SHA: 600031), Sinotruk Hong Kong Ltd. (HKG: 3808), Akona Engineering Pvt. Ltd., Henan Sanq Group Machinery Co., Ltd., Lino Sella World, Shantui Construction Machinery Co., Ltd. (SHE: 000680), Terex Corporation (NYSE: TEX), and Zoomlion Heavy Industry Science & Technology Co., Ltd., etc.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/cement-mixer-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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