In the past few years, the construction industry has undergone numerous advancements. However, some of the advancements have really taken the industrial procedures to another level. The advent of concrete pumps was amongst one such.
Along with reducing the man force, concrete pumps have made the procedures easier thereby boosting the work progress in the project. And, it has come out to be most useful for providing ready mixed concrete during constructions in inaccessible areas. Furthermore, concrete pumps have prominently contributed to decreasing the congestion on working areas along with enabling the numerous benefits such as providing pipelines to remote areas and continuous pouring for larger products. Moreover, it is an effective and cost-efficient process for diverse projects in both commercials as well as residential fields.
This is an era where industrialization and urbanization are continuously growing. Which is giving rise to several construction projects across the globe. The demand for concrete pumps is thereby elevating as well. According to a report published by Allied Market Research, the global concrete pumps market is anticipated to generate $4.85 billion at a 4.0% growth rate in between 2020 to 2027. On the other hand, to meet the demand, the industry players are initiating to adopt multiple strategies including new product launches and investments in new projects. In addition, the industry is adopting various advanced technologies for a better understanding of the mechanism and working of concrete pumps. At the same time, the field is undergoing a number of activities to proliferate the progress. Let’s get to some of the recent happenings that are thriving the industry-
Launch of new products and machinery is the most protuberant trend, the industry players are following now as days. Earlier this year, one of the largest construction machine suppliers, Liebherr has presented its redeveloped 42 M5 XXT truck-mounted concrete pumps accompanied by powerbloc drive unit. Furthermore, the combination of powerbloc assisted the company to assimilate some of the finest features of closed and open hydraulic systems. Moreover, this versatile machine aimed to ease the processes at constricted sites.
Other than this, almost every industry is propelling its aspects with technological advancements. Other than manufacturers and service providers, recently a software company has taken its first steps to assist the operators to learn basic skills. Recently, CM Labs Simulations, under its Vortex training simulation has unveiled its first concrete pump simulator. The program is in association with the American Concrete Pumping Association (ACPA). The simulation program aids the operators to have an idea of abilities such as installing outriggers, generating concrete slabs, and pouring footings and foundations. In addition, it helps the trainers to recognize the areas for improvement.
The industry is witnessing an increase in investments for more such innovations. At the same time, the surge in infrastructural investments due to rapid urbanization is paving the way for the industry’s progress. Furthermore, the improvement in consumer lifestyle across the globe as well contributes to demand growth, especially in emerging areas of the world. Moreover, the increasing projects and plans around the world are leading the demand for high-capacity concrete pumps as well. And this factor is highly contributing to growth.
The trend of high-rise buildings, multifaceted designs, and megastructure construction is creating a number of challenges along with opportunities for the market players. Moreover, concrete pumps have assisted the construction industry in terms of both labors as well as time. On the other hand, the initiatives taken by the market players are also paving the way to enhance the productivity. Nevertheless, with all these aspects the industry is anticipated to embrace multiple prospects and grow exponentially.