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Truck Mounted Concrete Mixer Market Segmentation by Product Type (Concrete Pump Trucks, Volumetric Concrete Trucks, Rough Terrain Concrete Trucks) | By Drum Capacity (Under 6m3, 6.1 to 10 m3, 10.1 to 15 m3, 15.1 to 20 m3, Above 20 m3)
According to Persistence Market Research, the global truck mounted concrete mixer market was valued at US$ 7.15 billion in 2022. The market for mobile concrete mixers is estimated to rise rapidly owing to rising residential and commercial construction activities across developing and emerging countries.
The construction industry is one of the prominent contributors to GDP, driving investments in construction activities, which is expected to expand the market for mobile concrete mixers at a high growth rate over the next ten years. The market is forecasted to reach US$ 12.49 billion by 2033, expanding steadily at a CAGR of 5.2% from 2023 to 2033.
Various governments are looking to boost their economies by directing their investments in infrastructure and construction activities, such as bridges, residential, and commercial spaces. North America is anticipated to lead the global market by catering to 18% to 21% of the total market share for truck concrete mixers.
Concrete mixers that are portable have extensive applications in mixing and transporting concrete to building sites and remote locations. Due to the availability of a wide range of concrete mixer sizes, contractors and other end-use industries are benefiting from the use of concrete at remote locations. Mobile concrete mixers aid in simplifying the concrete mixing process and eliminate high-cost concrete loading and unloading processes, ultimately speeding up construction activities.
The market for truck concrete mixers is also gaining traction due to increasing road infrastructure and maintenance activities. According to this analysis, truck mounted concrete mixers account for 85% to 90% share of the global mobile concrete mixers market.
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Truck Mounted Concrete Mixer Market Size (2022A) |
US$ 7.15 Billion |
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Estimated Market Value (2023E) |
US$ 7.64 Billion |
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Projected Market Value (2033F) |
US$ 12.49 Billion |
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Value CAGR (2023-2033) |
5.2% |
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Collective Value Share: Top 3 Countries (2022) |
52.6% |
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Historically, truck mounted concrete mixer sales increased at a CAGR of 3.4% from 2018 to 2022. The market observed sluggish growth during the past years due to the pandemic, and geopolitical uncertainties across several regions added to the woes of market players.
Ongoing residential construction projects and significant growth in non-residential building construction such as commercial office spaces, co-working spaces, institutional spaces, and infrastructure projects are expected to drive the market for truck concrete mixers over the coming years.
Construction projects in the energy and utilities sector, residential buildings sector, and commercial and leisure projects are seeing healthy growth across regions, which is expected to create huge demand for truck mounted concrete mixers. Increasing development for infrastructure and its maintenance and increasing laws & regulations for the repair & maintenance of road infrastructure are other key factors that are expected to drive the sales of truck mounted concrete mixers on a global scale.
As a result, the global market is expected to increase at a value CAGR of 5.2% from 2023 to 2033.
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Get a Customized VersionExtensive investments by governments, prominently in developing countries, in the construction of utility projects, infrastructure projects, and commercial & residential projects, are driving the volume sales of truck mounted concrete mixers. Investments are being directed toward dams, roads, tunnels, residential apartments, commercial working spaces, institutional buildings, and other public infrastructures.
Truck-mounted concrete mixers, due to their wide range of accessibility in remote areas and partly or unconstructed areas, benefit key stakeholders and end users with the easy transportation of concrete. Several national associations are focusing on strengthening their road networks to boost and optimize their supply chain activities and drive their economic growth.
For instance, India has observed significant investments in the construction development sector over the past two decades owing to rising townships, malls, shopping complexes, and other building construction activities. All this is expected to create huge demand for truck-mounted concrete mixers over the projected period, creating an absolute dollar opportunity of US$ 4.85 billion by 2033.
Where Does the United States Stand in the Truck Mounted Concrete Mixers Market?
According to this Persistence Market Research analysis, the United States holds a prominent share of 88% in the North American truck mounted concrete mixer market. Although the country took a significant hit in the residential building sector, which impacted the demand for mobile concrete mixers, the demand for concrete mixers is expected to surge due to rising non-residential construction activities in the country.
Rising capital expenditure on industrial plants, non-residential infrastructure projects, and commercial spaces is further expected to create strong demand for truck concrete mixers in the country.
Why is East Asia Expected to Create Strong Demand for Truck Mounted Concrete Mixers?
East Asia is expected to create strong demand for truck mounted concrete mixers over the forecast period. China, Japan, and South Korea have undertaken several projects in the fields of power and utility, housing, petrochemicals, telecom, and industrial construction. China accounted for 81.4% share of the East Asian market in 2022 owing to rising international investments in non-residential infrastructure projects.
Growing demand for residential spaces due to the rising number of nuclear family households is driving the market for construction activities, creating substantial demand for truck concrete mixers in China and the region. The market in East Asia is forecasted to expand at a CAGR of 4.9% between 2023 and 2033.
Will India Be a Lucrative Market for Manufacturers of Truck Mounted Concrete Mixers?
India is focusing on the infrastructure and construction industry through several supporting policies, government initiatives, and budget allocation for smart cities, road construction, real estate & urban development, etc.
Several such investments, government initiatives, and other prominent factors are driving the market for construction activities, thereby creating demand for construction equipment such as truck concrete mixers in the country. The market in India is projected to increase at a value CAGR of 5.7% during the forecast period.
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What Drum Capacity is Leading the Market for Truck Mounted Concrete Mixers?
Drum capacity between 6.1 m3 to 10 m3 holds a prominent share in the global market for truck mounted concrete mixers. These truck-mounted concrete mixers are powerful and efficient in mixing concrete and meet the concrete needs of larger commercial, residential, and infrastructure projects such as building houses and apartments, usually with ready-mix trucks. The 6.1 m3 to 10 m3 segment is expected to grow at a value CAGR of 3.9% through 2033.
Why is the Popularity of Concrete Volumetric Mixers Rising?
The global truck concrete mixer market is expected to see high demand across locations, thanks to volumetric truck concrete mixers. Over the decade, the range of end-user requirements for equipment with high technical standards and convenient portability is likely to increase.
In-transit mixers are still the favored category among end users since they can mix and transport concrete across a construction site, especially in remote places and sites that are far from concrete manufacturers. Demand for concrete volumetric mixers is set to exhibit a value CAGR of 4.1% over the forecast period.
Truck mounted concrete mixer manufacturers are continuously under pressure to boost the machine's performance due to its design and safety features. In this relatively concentrated industry, a small number of companies-most notably Sany Heavy Industry Co., Ltd., Liebherr-International AG, Xuzhou Construction Machinery Group (XCMG) Co., Ltd., and AB Volvo,-control a majority of the market share for truck mounted cranes.
Manufacturing businesses are looking to increase the market supply of their truck-mounted concrete mixers through the introduction of new products and more collaboration.
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Attribute |
Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Product Type:
By Drum Capacity:
By Region:
The global truck mounted concrete mixer market is valued at US$ US$ 7.63 billion in 2023.
The global market is projected to increase at 5.2% CAGR and reach US$ 12.49 billion by 2033.
Sany Heavy Industry Co., Ltd., Liebherr-International AG, Xuzhou Construction Machinery Group (XCMG) Co., Ltd., and AB Volvo, among others, are key manufacturers of truck mounted concrete mixers.
China, the United States, Germany, ASEAN, and India are expected to account for around 60% share of the market by the end of 2033.
China is forecasted to hold 81.4% share of the East Asian market by 2033.
