Concrete Mixer Market

Concrete Mixer Market Analysis

The Concrete Mixer Market size is estimated at USD 3.60 billion in 2025, and is expected to reach USD 4.40 billion by 2030, at a CAGR of 4.11% during the forecast period (2025-2030).

The concrete mixer market has been experiencing steady growth in recent years, driven by increasing construction activities worldwide, particularly in developing countries. The rising demand for residential and commercial infrastructure, as well as government investments in public infrastructure projects, have primarily attributed to this growth.

The COVID-19 outbreak and propagation had a detrimental impact on the construction industry in 2020, resulting in lower demand for concrete mixers. As a result, the revenues earned by them decreased. This pattern was maintained until the first quarter of 2021. However, the rise in construction activities was observed globally after the pandemic due to the easing of restrictions in the country. The market will cope with all the losses during the period and grow at a certain pace.

Applications such as the construction of concrete roads, power plants, canals, airports, dams, harbors, and other large-scale construction sites, are increasing the demand for large quantities of concrete. Concrete mixing plants that can yield up to 330 m³ of hardened concrete per hour and concrete mixer trucks, which can transport up to 10 m³ of concrete at a time, are the perfect solutions to mix large volumes of concrete on-site.

• According to Global Construction, the cumulative construction volume may reach USD 212 trillion by 2030, with more than one-third of the contribution, i.e., USD 77.8 trillion, coming from emerging Asian economies. In addition, China, the United States, India, Indonesia, the United Kingdom, Mexico, Canada, and Nigeria may account for 70% of the overall growth in construction by 2030.
• The study also stated that the United Kingdom and Nigeria are likely to be the two major countries contributing toward the growing construction activities, as the UK government is coming up with several global megaprojects. Furthermore, Nigeria is set to witness significant population growth by 2030, exceeding that of the United States to become the fifth most populous country in the world.

The concrete mixer market is characterized by the presence of several major players, including SANY Group, Liebherr Group, Oshkosh Corporation (McNeilus), and Sinotruk. These companies are focusing on product innovations, strategic partnerships, and mergers and acquisitions to strengthen their market position.

• In September 2023, Terex Advance entered into a partnership with Cummins to integrate Cummins’ X15H hydrogen internal combustion engines into their Commander Series line of front-discharge concrete mixer trucks. The product is expected to be available by 2030.

Such strategic moves are expected to further drive the growth and competitiveness of the concrete mixer market during the forecast period.

Concrete Mixer Market Trends

Residential Construction is Contributing Toward the Concrete Mixer Market's Growth

The concrete mixer market has been experiencing significant growth, largely driven by the expansion of the residential construction sector. The global housing market has seen substantial growth in recent years, particularly in developing economies.

According to the World Bank, the urban population is expected to grow by 2.5 billion between 2020 and 2050, with nearly 90% of this increase happening in Asia and Africa. This urbanization trend has led to increased demand for residential housing, directly impacting the need for concrete mixers.

Further, the rise of affordable housing initiatives in many countries has also contributed to the growth of the concrete mixer market. For instance, India's Pradhan Mantri Awas Yojana (Urban) scheme aims to provide housing for all in urban areas by 2024. Such large-scale projects require extensive use of concrete mixers, from small portable units for minor construction to large stationary plants for major developments.

Moreover, technological advancements in concrete mixers have also played a role in their increased adoption in residential construction. Modern mixers offer improved efficiency, reduced energy consumption, and better quality concrete production. In addition, the growing focus on sustainable construction practices has influenced the concrete mixer market. For example, some manufacturers have developed mixers specifically designed to handle recycled aggregate concrete, aligning with the increasing emphasis on sustainable building practices in residential construction.

In July 2024, Makinex introduced the MS-150 Mixing Station. The product can blend up to six bags in seven minutes with precise pouring and reduced waste. It also features a removable vacuum attachment which helps to control spills and dust.

Asia-Pacific is Expected to Lead the Concrete Mixer Market

The Asia-Pacific (APAC) region has emerged as a key driver of growth in the global concrete mixer market, primarily due to rapid urbanization, infrastructure development, and construction activities across various countries in the region. China, Singapore, and India are driving the concrete mixer market's growth, whereas Japan is struggling due to the decline in housing, as Japan's population is shrinking.

China is the largest market, followed by India, Indonesia, Japan, and South Korea. Ongoing mega projects in China need a lot of machinery and materials to be displaced from one part of the country to the other. Projects like the Zhongwei Ji'an Natural Gas Pipeline project, Liuzhou-Wuzhou Railway Line, Belt and Road Initiative, and Zhengshen Foshan Expressway will require the deployment of construction equipment.

In addition, China's multibillion-dollar "One Belt, One Road" program, often known as the China Silk Road, aims to connect Southeast Asia to Eastern Europe and Africa via 71 nations that account for half of the world's population and one-fourth of the global GDP. The program is creating excellent prospects throughout Asia and its surrounding countries. The plan is set to complete in 2049 and thus contribute to the growth of the concrete mixer market in the Asia-Pacific region.

India and Indonesia are also witnessing a rapid rise in construction equipment sales. In India, construction equipment sales are rising due to the large-scale undertaking of construction road projects and logistical corridors, while in Indonesia, construction equipment sales are driven by the construction of manufacturing zones. Thus, with companies coming up with new launches to increase their market share in this segment, the market is expected to grow over the forecast period.

The APAC region's dominance in the concrete mixer market is further reinforced by the presence of major manufacturers and their strategic initiatives. Companies like SANY Group and Zoomlion Heavy Industry Science & Technology Co., Ltd. from China have been expanding their product portfolios and global presence.

• In September 2023, ShinMaywa Industries, Ltd. announced the release of a new model of GVW 20-ton truck concrete mixer with increased maximum loading capacity compared to the previous model. Additionally, the maximum load capacity can be increased by up to 90 kg.

As urbanization and infrastructure projects continue to progress across the region, the demand for concrete mixers is expected to remain strong in the region.

Concrete Mixer Industry Overview

The concrete mixer market is moderately consolidated, owing to a limited number of active players and the requirement of high initial investment costs. Some of the major players in the market are Liebherr Group, SANY GROUP, Shantui Construction Machinery Co. Ltd, Terex Corporation, and Zoomlion Heavy Industry Science & Technology Co. Ltd. The companies are expanding their presence by opening new plants and bringing advancements to their existing concrete mixers.

Concrete Mixer Market Leaders

Concrete Mixer Market News

• April 2024: Kilsaran announced the launch of two new electric concrete trucks. the trucks have 5 batteries each and they have a range of about 300 kilometers per charge, depending on the weight that they are carrying.
• January 2024: Cemen Tech launched its new generation CD2 dual bin volumetric concrete mixer. The new model features a unique split bin with individual compartments to transport and blend various supplementary cementing materials (SCMs).
• December 2023: Putzmeister launched its latest EV addition of ready mix concrete truck. The company offers the fully electric eMixer under the brand name iONTRON. The iONTRON eMixer holds a drum capacity of 9 m³ and provides up to eight hours of running time in urban areas.