Truck Mounted Concrete Mixer Market Segmentation by Product Type (Concrete Pump Trucks, Volumetric C

Krazymedia24 Jan, 2023Business

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.