Concrete Mixer Trucks Market Report 2024

This Concrete Mixer Trucks industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The concrete mixer trucks market size has grown strongly in recent years. It will grow from $24.7 billion in 2023 to $26.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth during the historic period can be attributed to increased urban development, a rising population leading to more construction activities, economic growth, government initiatives, a shift towards sustainable construction practices, and changes in regulations.

The concrete mixer trucks market size is expected to see strong growth in the next few years. It will grow to $35.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth during the forecast period can be attributed to infrastructure upgrades, stricter emissions and safety regulations, replacement demand, growing interest in sustainable construction, and increased urban development. Major trends in this period include the adoption of electric-powered mixers, integration of telematics for real-time monitoring, incorporation of Internet of Things (IoT) technology, advancements in engine technology and fuel systems, and implementation of advanced safety features.

The expanding construction industry is expected to drive the growth of the concrete mixer trucks market in the coming years. This sector encompasses the planning, designing, building, and maintenance of infrastructure and buildings, including residential, commercial, and industrial structures. The growth of the construction industry is fueled by rising urbanization, population growth, and increasing demand for infrastructure and real estate development. Concrete mixer trucks are essential in this industry, as they mix, transport, and deliver freshly mixed concrete to construction sites, ensuring consistent quality and efficient placement for various structural applications. For example, in July 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. This growth in the construction sector is driving demand for concrete mixer trucks.

Key players in the concrete mixer trucks market are focusing on innovative technologies, such as electric concrete mixers, to enhance sustainability and reduce carbon emissions in the construction industry. Electric concrete mixers use electric power to mix concrete, offering a quieter and more eco-friendly alternative to traditional fuel-powered mixers. For instance, in February 2023, Volvo Trucks, a Swedish truck manufacturer, introduced the Volvo FMX electric concrete mixer truck. This advanced vehicle features a fully electric powertrain, eliminating emissions and reducing the environmental impact compared to diesel-powered mixers. It includes a high-capacity battery system for sufficient range on construction sites and advanced regenerative braking technology to prolong battery life. The truck also features a highly efficient electric drum rotation system to optimize mixing and minimize energy consumption.

In August 2022, Terex Corporation, a US-based manufacturer of forklifts and handling equipment, acquired ProAll International Manufacturing Inc. for an undisclosed amount. This acquisition aims to expand Terex's offerings in the concrete mixer truck market by integrating ProAll's advanced volumetric mixing technology and broadening its product range and capabilities in concrete solutions. ProAll International Manufacturing Inc. is a Canadian manufacturer specializing in volumetric concrete mixers.

Major companies operating in the concrete mixer trucks market are Hyundai Motor Company, Scania AB, China National Heavy Duty Truck Group Co. Ltd., Liebherr-International AG, Dongfeng Motor Corporation, Foton Motor Group Co. Ltd., JAC Motors, Zoomlion Heavy Industry Science & Technology Co. Ltd., SANY Group Co. Ltd., Terex Corporation, LiuGong Machinery Corporation, KYB Corporation, ShinMaywa Industries Ltd., Fangyuan Group Co. Ltd., Shanxi Construction Machinery Group Co. Ltd., XCMG Group, Janeoo Machinery Co. Ltd., Hainuo Group Co. Ltd., Linyi Construction Machinery Co. Ltd., Yate Auto Group Co. Ltd., Shandong Rujin Machinery Co. Ltd.

Europe was the largest region in the concrete mixer trucks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete mixer trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the concrete mixer trucks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Concrete mixer trucks are specialized vehicles designed with a rotating drum to mix and transport concrete efficiently. They are essential for delivering freshly mixed concrete to construction sites, ensuring it remains workable during transit and can be poured directly where required.

The primary types of concrete mixer trucks include front-discharge concrete mixer trucks, rear-discharge concrete mixer trucks, and others. Front-discharge concrete mixer trucks feature the mixer and discharge chute positioned at the front of the vehicle. This arrangement allows the driver to control the concrete's discharge, enhancing precision and efficiency in placing concrete at construction sites. Drum capacities vary and include options such as under 6m³, 6.1 to 10 m³, 10.1 to 15 m³, 15.1 to 20 m³, and above 20 m³, with different propulsion types including gasoline and others. Applications for these trucks encompass on-site mixing and ready-mix concrete delivery, serving various end-use industries such as residential construction, commercial construction, and infrastructure development.

The concrete mixer trucks market research report is one of a series of new reports that provides concrete mixer trucks market statistics, including concrete mixer trucks industry global market size, regional shares, competitors with a concrete mixer trucks market share, detailed concrete mixer trucks market segments, market trends, and opportunities, and any further data you may need to thrive in the concrete mixer trucks industry. This concrete mixer trucks research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The concrete mixer trucks market consists of sales of standard concrete mixer trucks, volumetric concrete mixer trucks, self-loading concrete mixer trucks, and transit mixers with advanced controls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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