The global flexible concrete vibrator market size was valued at $ 266.4 million in 2020, and is projected to reach $ 376 million by 2030, registering a CAGR of 3.3% from 2021 to 2030. Flexible concrete vibrators are used for concrete consolidation during its pouring in the formwork. It is typically used during the construction of footings & stem walls, small slabs, driveways, and other pouring type. Flexible concrete vibrators are typically powered by electric motors or internal combustion engines and by other mechanisms. These are generally equipped with frequency adjustment knobs that enable operators to change frequency of vibration as per requirement.
Flexible concrete vibrators are available in a wide range of sizes and capacities in the market, thereby making it usable for all size of structural elements. Increase in popularity of cordless flexible concrete vibrators extends usability of electric flexible concrete vibrators.
Rise in spendings on infrastructure projects by governments globally, which has significantly increased demand for flexible concrete vibrators. In addition, rise in the real estate sector, luxury residential complexes, and resorts has led to rise in demand for flexible concrete vibrators. However, fluctuating prices of raw materials used in manufacturing of these vibrators is a major restraint in growth of the market. Furthermore, development of remotely controllable flexible concrete vibrator provides lucrative opportunities for growth of the market.
The global flexible concrete vibrators market is segmented on the basis of type, application, fuel type and region. By type, the market is classified into hand held and stand mounted. By application, it is categorized into building construction and infrastructure. By fuel type, the market is classified into Electric, Gasoline and Diesel. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as business expansion to strengthen their market outreach and sustain the stiff competition in the market
Key companies profiled in the flexible concrete vibrator market report include Atlas Copco Group, Badger Meter, Inc., Enar Group, Exen Group, Foshan Yunque Vibrator Co., Ltd., Multiquip Inc., Vibco Inc., Wacker Neuson Group, Wamgroup S.p.A, and Weber Maschinentechnik GmbH.
Flexible concrete vibrators are available in a wide range of sizes and capacities in the market, thereby making it usable for all size of structural elements. Increase in popularity of cordless flexible concrete vibrators extends usability of electric flexible concrete vibrators.
Rise in spendings on infrastructure projects by governments globally, which has significantly increased demand for flexible concrete vibrators. In addition, rise in the real estate sector, luxury residential complexes, and resorts has led to rise in demand for flexible concrete vibrators. However, fluctuating prices of raw materials used in manufacturing of these vibrators is a major restraint in growth of the market. Furthermore, development of remotely controllable flexible concrete vibrator provides lucrative opportunities for growth of the market.
The global flexible concrete vibrators market is segmented on the basis of type, application, fuel type and region. By type, the market is classified into hand held and stand mounted. By application, it is categorized into building construction and infrastructure. By fuel type, the market is classified into Electric, Gasoline and Diesel. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as business expansion to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the flexible concrete vibrator market report include Atlas Copco Group, Badger Meter, Inc., Enar Group, Exen Group, Foshan Yunque Vibrator Co., Ltd., Multiquip Inc., Vibco Inc., Wacker Neuson Group, Wamgroup S.p.A, and Weber Maschinentechnik GmbH.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging flexible concrete vibrator market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
- Extensive analysis of the flexible concrete vibrator market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global flexible concrete vibrator market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within flexible concrete vibrator market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the flexible concrete vibrators industry.
Key Market Segments
By Product Type
- Hand held
- Stand Mounted
By Fuel Type
- Electric
- Gasoline
- Diesel
By Application
- Building Construction
- Infrastructure
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Atlas Copco Group
- Badger Meter, Inc.
- Enar Group
- Exen Group
- Foshan Yunque Vibrator Co., Ltd.
- multiquip inc.
- Vibco Inc.
- Wacker Neuson Group
- Wamgroup S.p.A
- Weber Maschinentechnik GmbH
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLEXIBLE CONCRETE VIBRATOR MARKET, BY PRODUCT TYPE
CHAPTER 5: FLEXIBLE CONCRETE VIBRATOR MARKET, BY FUEL TYPE
CHAPTER 6: FLEXIBLE CONCRETE VIBRATOR MARKET, BY APPLICATION
CHAPTER 7: FLEXIBLE CONCRETE VIBRATOR MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Flexible Concrete Vibrator Market,' the flexible concrete vibrator market size was valued at $266.42 million in 2020, and is estimated to reach $376.00 million by 2030, growing at a CAGR of 3.3% from 2021 to 2030.Commonly observed types of flexible concrete vibrator are hand held flexible concrete vibrator and stand mounted flexible concrete vibrator. Among these, the hand-held segment accounted for the highest flexible concrete vibrator market share in 2020, owing to surge in spending on construction of residential and non-residential buildings, and infrastructure development projects. The market is analyzed with respect to different applications such as construction & infrastructure and by fuel type into electric, gasoline, and diesel. The market is mainly driven by rise in construction activities by private and public entities along with high government spendings on infrastructure projects across the world. However, fluctuating prices of raw materials that are used for manufacturing flexible concrete vibrators constraints growth of the market.
In 2020, Asia-Pacific dominated the global flexible concrete vibrator market, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific has grown with high CAGR, owing to growth in construction activities by government and private entities.
Advancements in cordless flexible concrete vibrator technologies have significantly increased usability of flexible concrete vibrators in construction sites, where electricity is not readily available. Hand-held flexible concrete vibrators are suitable for small concrete pouring. These are best for operators standing on elevated platforms, owing to their lightweight feature. In addition, development in battery technology has enabled users to operate vibrators without concerns of tripping over the electric cords. These factors positively influence the flexible concrete vibrator market growth.
Furthermore, on the basis of fuel type, the electric segment is anticipated to grow rapidly during the forecast period, owing to development of advanced batteries.
For instance, in May 2021, Shandong Hiking Machinery Co., Ltd., launched Lzb-3500, a cordless hand-held flexible concrete vibrator. It is powered by a 21v lithium-ion battery, which has a battery life of more than 90 minutes on a single charge. It is light in weight, easy to carry and produces less noise. In addition, lzb-3500 can prevent risk of electric shocks to construction workers.
However, during the pandemic lockdown, various manufacturers in the flexible concrete vibrator market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of flexible concrete vibrator manufacturing companies. In addition, lack of manpower and raw materials constricted supply of flexible concrete vibrator components; and has negatively influenced growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of flexible concrete vibrator manufacturers
Key companies profiled in the flexible concrete vibrator market report include Atlas Copco Group, Badger Meter, Inc., Enar Group, Exen Group, Foshan Yunque Vibrator Co., Ltd., Multiquip Inc., Vibco Inc., Wacker Neuson Group, Wamgroup S.p.A, and Weber Maschinentechnik GmbH.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging flexible concrete vibrator market Trends and dynamics.
- Depending on product type, the hand held flexible concrete vibrator dominated the flexible concrete vibrator market, in terms of revenue in 2020 and it is projected to grow at a significant CAGR during the forecast period.
- By fuel type, the electric segment registered highest revenue in 2020.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- Key players within the flexible concrete vibrator market are profiled in this report and their strategies are analyzed thoroughly, which help understand competitive outlook of the flexible concrete vibrator industry.
- The report provides an extensive analysis of the emerging flexible concrete vibrator market opportunity.
- In-depth flexible concrete vibrator market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
Companies Mentioned
- Atlas Copco Group
- Badger Meter, Inc.
- Enar Group
- Exen Group
- Foshan Yunque Vibrator Co., Ltd.
- multiquip inc.
- Vibco Inc.
- Wacker Neuson Group
- Wamgroup S.p.A
- Weber Maschinentechnik GmbH
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
