Residential segment to dominate India Concrete Mixer Market through FY2027
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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