Concrete Mixer Market

Concrete Mixer Market Analysis by In-transit Mixers and Trailer Concrete Mixers in Diesel, Electric, and Hybrid Variants 2023 to 2033

Analysis of Concrete Mixer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Concrete Mixer Market Outlook (2023 to 2033)

Worldwide sales of concrete mixers are pegged at US$ 6.5 billion in 2023 and are forecasted to climb to US$ 9.1 billion by 2033-end. The global concrete mixer market is projected to expand at 3.4% CAGR across the study period (2023 to 2033).

Concrete mixers are industrial devices that create a homogenous mixture of cement, aggregates, and water to create a concrete solution that is extensively used in all types of construction activities. Emphasis on cost-effectiveness and ergonomics vis-à-vis safety has grown unabated in the construction equipment industry, leading to the development of new-generation concrete truck mixers that facilitate end-users to realize smooth handling, low cleaning cost, and higher payload.

Connected technologies have already permeated the banks of the construction equipment industry, and recent years have witnessed the development of IoT-enabled and GPS-powered concrete mixers. Higher fuel efficiency, smart operations, and lower costs of ownership are key features that have been advocating the effectiveness of smart concrete mixers and improving their sales as well.

  • In January 2022, Holcombe Mixers, a leading supplier of concrete mixers unveiled a new mobile mixer at the World of Concrete 2022 event held in Las Vegas, Nevada, United States. The G2 mobile mixer features a new moisture control with dynamic calibration capabilities.
  • Self-loading concrete mixers, mini concrete mixers, and small concrete mixers are projected to gain massive popularity in all parts of the world in the future.

Shipments of concrete mixers are also significantly undergirded by the rising customer requirement for higher technical standards, and fast navigation and movement ability of these equipment around construction sites. The concept of innovative accessories has propelled developments that enable flexible installations of attachment parts, thereby increasing the operational efficiency of concrete mixers, and in turn, complementing their sales.

On the flip side, the lack of skilled professionals to operate advanced concrete mixers and the increasing use of ready-mix concrete and other alternatives are forecasted to impede sales of concrete mixers in the future.

Report Attributes Details
Concrete Mixer Market Size (2023) US$ 6.5 Billion
Projected Market Value (2033F) US$ 9.1 Billion
Global Market Growth Rate (2023 to 2033) 3.4% CAGR
Leading Market in East Asia (2023) China
Key Companies Profiled
  • Caterpillar
  • KYB Conmat Pvt. Ltd.
  • Sinotruk Hong Kong Ltd.
  • Shantui Construction Machinery Co. Ltd.
  • Akona Engineering Pvt. Ltd.
  • Zoomlion Heavy Industry Science & Technology Co. Ltd.
  • Lino Sella World
  • Metalgalante SPA
  • Altrad Investment Authority SAS
  • Liebherr-International AG
  • Xuzhou Construction Machinery Group Co. Ltd.
  • ATIKA Gmbh
  • Jaypee India Limited
  • Henan EP Machinery Co. Ltd.
  • Terex Corporation
  • Henan Sanq Group Machinery Co. Ltd.
  • Universal Construction Machinery & Equipment
  • Yiwu Shanghong Hardware Factory
  • Laizhou Zhishan Machinery Co. Ltd.
  • Safari Construction Equipments Pvt. Ltd.

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Which Trend is Taking the Concrete Mixer Space by Storm?

“Electrification of Concrete Mixer Trucks”

Portable concrete mixers are usually mounted on trucks to improve their portability and add a level of convenience for users. As most of these trucks have been traditionally powered by diesel engines, they are now being seen as a major contributor to pollution and carbon emissions. As the focus on sustainability increases, concrete mixer suppliers are focusing on mounting their cement mixers on electric trucks to comply with stringent emission mandates associated with the use of heavy-duty trucks around the world.

  • In February 2023, Volvo Trucks, the truck manufacturing subsidiary of Volvo Group, announced that it had delivered the first heavy-duty electric truck to CEMEX at an event in Berlin, Germany. The Volvo FMX heavy-duty electric truck is capable of completing a full day of work with a single top-up charge during regular break time.
  • In June 2023, Aggregate Industries, a renowned construction material provider, announced the launch of its new 26-tonne electric-powered concrete mixer. The product was developed as a result of a partnership between McPhee Mixers, Aggregate Industries, and Renault Trucks.

Learn more about how this and other trends such as local supply, pricing trends, product standards, safety regulations, and new developments impact overall concrete mixer market development throughout the study period in this concrete mixer market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Concrete Mixer Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

Asian countries such as China, Japan, and India are projected to be the most rewarding markets for concrete mixer suppliers in the future. However, investing in Middle Eastern countries, European countries, and the United States could also allow concrete mixer companies to amplify their sales if they get their strategies right for these countries as they have very specific regulatory guidelines for construction equipment.

What Makes China a Golden Goose for Concrete Mixer Suppliers?

“High Investments in Infrastructure Development Projects”

Infrastructure development is a crucial part of China’s economic growth plan and this is why the country has been increasingly investing in new infrastructure projects.

  • As per an article published in Global Times, China accelerated its investments in infrastructure as the country launched more than 10,000 projects in 2023.

Demand for construction materials and construction equipment in the country is forecasted to soar high owing to the aforementioned factor and benefit the concrete mixer market growth as well. Volumetric mixers, concrete blenders, continuous mixers, self-propelled concrete mixers, cement agitators, and stationary concrete mixers are predicted to be high in demand in China over the next ten years and beyond.

How is Sustainability Influencing Concrete Mixer Sales in the United Kingdom?

“Implementation of Strict Vehicle Emission Norms and Rising Adoption of Electric Vehicles”

Focus on sustainability in the United Kingdom is high just as in almost all European countries, which has led to increased adoption of electric vehicles and implementation of stringent emission mandates of fossil-powered vehicles. Electric concrete mixers are gaining popularity in the country and are projected to witness a hike in sales over the coming years.

Launch of new safety initiatives to prevent mishaps and accidents caused by cement mixers in the United Kingdom is also projected to push companies to improve the safety of their products.

  • In June 2023, TVS Interfleet and McPhee Mixers along with the British Aggregates Association (BAA) Concrete Division, announced the launch of a new Rollover Awareness and Prevention Programme (RAPP) to stop truck mixer rollovers. The initiative is projected to raise awareness and improve the safety of truck mixer drivers.

Where Will Bulk of Concrete Mixers Be Used in the United States?

“Residential Construction to Spearhead Concrete Mixer Usage”

The prices of houses in the United States have skyrocketed in recent years and the residential construction sector hasn’t been able to keep up with this trend. The lack of new housing in high-wage cities has influentially contributed to the housing crisis of the country and is projected to worsen if residential construction activity doesn’t pick up soon.

Efforts of state governments in the country to reduce homelessness and boost the availability of houses are slated to uplift demand for residential construction in the future thereby promoting concrete mixer sales as well. Planetary mixers, single shaft concrete mixers, concrete blenders, batch mixers, and ready mix concrete mixers are forecasted to have a bright demand outlook in the United States.

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Category-wise Insights

Concrete mixer providers are focusing on supplying diesel-powered and operated products to ensure good sales across the world. Concrete mixer manufacturers are also focusing on the development of electric and hybrid concrete mixers as the focus on sustainability increases around the world.

Which Engines Will Power a Majority of Concrete Mixers?

“Diesel Concrete Mixers Projected to Hold Sway”

Diesel-powered concrete mixers have been the norm for quite a while now and their ability to deliver power in almost all situations effectively is what has allowed them to dominate the global concrete mixer marketplace. However, advancements in the automotive industry have enabled the use of electric concrete mixers and hybrid concrete mixers that eliminate the need for a diesel engine to a certain extent.

Adoption of electric cement mixers is slated to be limited by the low availability of electricity in multiple parts of the world as many countries struggle to ensure a smooth power supply. This is projected to favor demand for diesel cement mixers and allow them to maintain a dominant stance in the concrete mixer market through 2033.

Competitive Landscape

Concrete mixer producers are focusing on collaborations, partnerships, and mergers to fast-track the development of novel products and enhance their global market share. Concrete mixer vendors are also launching new products that allow them to stay competitive and improve their sales potential going forward.

  • Renault Truck UK and TVS Interfleet collaborated and created an e-mixer that was the first of its kind all-electric concrete mixer available in the United Kingdom in 2023 with zero emissions per mile and saving around 42 tonnes of CO2 emissions per year.
  • In September 2023, Terex Corporation, a renowned manufacturer of material handling equipment based in the United States, announced that it would start offering hydrogen engines in its concrete mixer trucks soon. The engines would come from Cummins, a leading provider of engines and engine components as it signed a letter of intent to integrate the X15H engine with the Terex Advance Commander Series.
  • In October 2019, Schwing Stetter India, a renowned Indian concrete equipment provider, announced the launch of its new concrete truck mixers in collaboration with Mahindra Powerol. The newly launched Stetter Super 7 mixers were IoT-ready.

Know thy Competitors

Competitive landscape highlights only certain players
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Key Segments of Concrete Mixer Market Research

  • By Product Type :

    • In-transit Mixers
    • Trailer Concrete Mixers
  • By Model Type :

    • Portable
    • Stationary
  • By Capacity :

    • Up to 5 Cubic Meters
    • 5 to 10 Cubic Meters
    • More Than 10 Cubic Meters
  • By Engine Type :

    • Diesel
    • Electric
    • Hybrid
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the concrete mixer market in 2023?

The global concrete mixer market stands at a value of US$ 6.5 billion in 2023.

What is the projected market valuation for 2033?

Concrete mixer sales are forecasted to reach US$ 9.1 billion by 2033-end.

What is the projected demand growth for concrete mixers?

Sales of concrete mixers are set to increase at 3.4% CAGR over the next ten years (2023 to 2033).

How are most concrete mixers powered?

A majority of concrete mixers are powered by diesel engines.

Who are the leading manufacturers of concrete mixers?

SANY Group, Caterpillar, Terex Corporation, Liebherr-International AG, Sinotruk Hong Kong Ltd., and ATIKA Gmbh are leading companies in the market.

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Concrete Mixer Market