Development of transport facilities and government initiatives to develop infrastructure segment is expected to drive the demand for India concrete mixer market for the forecast period.
According to TechSci Research report, “India Concrete Mixer Market By Type (Diesel Mixer, Drum Rotation Mixer, Twin Shaft Mixer, Tilting Mixer, Non-tilting Mixer, Others (Self Loading Mixer)) By Model Type (Stationary, Portable) By Capacity (0-5 m3, 5-10 m3, Above 10 m3) By Application (Residential, Commercial, Industrial) By Company, By Region, Forecast & Opportunities, FY2027”, India concrete mixer market is expected to witness steady growth for the next five years. Concrete is used for construction activities and is the most in demand material in the region. Ready mix concrete is not mixed on-site and is prepared in mixing plant and transported to construction site through concrete mixing transport trucks. Drum is installed on the chassis of the truck and consists of spiral engine blades and is driven by truck engine or by separate device. Concrete mixer systems are made for quick setup ranging from 36 to 40 hours. These transport units are installed with ease using plug in connections. Concrete mixers are easily operated and requires less maintenance. Use of concrete mixers at the construction sites saves the time required for manual labor for mixing of the cement and saves the time thereby giving the workers extra time to focus on other crucial construction work. Concrete mixers improve the output of the workers and results in more productive and economical construction process. Increase in the demand for construction activities with short duration of time required for completion of the project is accelerating the demand for construction equipment materials for better results. Rise in demand for customized solutions from the end-users is further expected to boost the market demand in the forecast period. Reduction in goods and services tax by government of the region to augment the construction industry market from 28% to 18% is expected to aid the construction equipment manufacturers to reduce the overall operational and maintenance costs. Concrete mixers are basically used to produce concrete at the construction site and give workers sufficient time to use the concrete mixture before it hardens. High-end investments by key players to introduce technologically advanced concrete mixers with higher efficiency and performance and facilitates end users with smooth performance, low cleaning cost, higher payload and is cost-effective in nature is expected to increase the demand for concrete mixers in the next five years. Also, the rise in additional accessories and parts with flexible installation of attachment parts is aiding to increase the operational efficiency of concrete mixers and subsequently the market growth.
Due to the ongoing pandemic COVID-19, lockdown was imposed all over the country. Complete shutdown was observed, and people started practicing social distancing and the precautionary guidelines. Construction activities were stopped all over the region and the workers had no choice to go back to their native places which adversely affected the construction market growth. After the lifting of the lockdown, construction activities started to pick up the pace which is expected to eventually increase the demand for concrete mixers in the forecast period.
However, initial high cost involved for purchasing of concrete mixers can create financial hurdle for small and medium sized enterprises which may hamper the concrete mixer market growth for the forecast period.
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India concrete mixer market is segmented into type, model type, capacity, application, regional distribution, and company. Based on model type, market is further bifurcated into stationary and portable. Portable segment is expected to hold major market share as it has separate bins to store the materials and is considered ideal for remote locations.
Schwing Stetter (India) Ltd, Universal Construction Machinery & Equipment Ltd, KYB Conmat Pvt. Ltd., Greaves Cotton Limited, SANY Heavy Industry Co. Ltd, Apollo Inffratech Pvt. Ltd., Caterpillar Inc are the leading players operating in India concrete mixer market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several concrete mixer manufacturers are coming up with their technologically advanced offerings.
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“Government initiatives for the development of smart cities in India equipped with latest technologies is expected to bolster the demand for construction activities for the next five years. Increasing foreign investments to support the construction infrastructure and cater to the need of huge population base is fueling the concrete mixer market in the region. Launch of other mega construction projects such as Metro rail in urban areas, AMRUT, Bharatmala and Sagarmala, among others is anticipated to propel the growth of concrete mixer market until FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Concrete Mixer Market By Type (Diesel Mixer, Drum Rotation Mixer, Twin Shaft Mixer, Tilting Mixer, Non-tilting Mixer, Others (Self Loading Mixer)) By Model Type (Stationary, Portable) By Capacity (0-5 m3, 5-10 m3, Above 10 m3) By Application (Residential, Commercial, Industrial) By Company, By Region, Forecast & Opportunities, FY2027” has evaluated the future growth potential of India concrete mixer market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of India concrete mixer market.
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