The key players in the MENA truck-mounted concrete
pump market for 2015 were Putzmeister, Schwing, and The Liebherr
Group. Their collective share of 54.9% in the market’s overall
value denotes a consolidated playing field for all names in the
truck-mounted concrete pump manufacturing business. All existing
players in the MENA truck-mounted concrete pump market are involved
in highly competitive business strategies in order to gain the upper
hand in sales and overall revenue generation.
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According to market intelligence provider
Transparency Market Research, the MENA truck-mounted concrete pump
market is likely to be a field of moderate competition. Current key
players in the market are expected to ramp up the competitive pricing
strategies in order to gain a better share of the burgeoning
construction sector demand. At the same time, the MENA truck-mounted
concrete pump market is not a favorable ground for new entrants due
to the high capital required as well as the high level of trust and
client pool held by the current key players such as Putzmeister and
Schwing. The MENA truck-mounted concrete pump market is expected to
reach US$161.0 mn at the end of 2016. It is projected to reach
US$253.4 mn by 2024 after experiencing a CAGR of 5.8% from 2016 to
2024.
UAE and Qatar Beacons for Truck-mounted Concrete
Pump Makers
One of the top factors boosting the MENA
truck-mounted concrete pump market currently is the region’s
booming construction sector. There is a very high demand for the
creation of residential projects such as large-scale housing areas.
Outside of the residential sector, the construction sector is also
befitting from the massive demand for more and better quality office
spaces and industrial infrastructure. This forms the core driver for
all current manufacturers of truck-mounted concrete pumps in the
Middle East and North Africa.
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A TMR analyst states, “Above all regions lay UAE
and Qatar in terms of the overall demand for truck-mounted concrete
pumps. Both regions are showing a staggering lead in construction
activities within the MENA region, Qatar especially is expected to
show a very steep curve in demand for construction project equipment
over the coming years, thanks to the upcoming FIFA World Cup in 2022
being hosted here.”
Crude Price Volatility Continues to Deter Growth
in Demand for Truck-mounted Concrete Pumps
The oil and gas sector has been exposed to a high
degree of unpredictability in terms of production volumes and overall
pricing scope over the past few years. This oil pricing volatility
has had a severely negative impact on a large number of industries,
particularly those that include transportation and travel as a key
part of their process. This is currently a primary restraint on the
MENA truck-mounted concrete pump market which is heavily dependent on
the consistent and even increasing supply of conventional fuels.
“Several advancements in the technologies in the
truck-mounted concrete pumps are expected to usher in a new wave of
demand in the MENA truck-mounted concrete pump market over the coming
years. At the top of the list in technological advancements are
concepts such as better design concepts that incorporate greater arm
length and mounted capacities, remote operation capabilities,
enhanced warning systems using modern sensors and audio-visual
warning systems, and the incorporation of multiple improvements in
the implementation of these pumps in the upcoming MENA irrigation
projects,” adds the analyst.
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The information presented in this review is based on
a Transparency Market Research report, titled, “Truck-mounted
Concrete Pump Market - Middle East & North Africa (MENA) Industry
Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Key segments of the MENA Truck-mounted Concrete
Pump Market
Truck-mounted Concrete Pump Market – Type
Analysis
- Truck Mounted Mobile Pump
- Truck Mounted Static Pump
- Truck Mixer Concrete Pump
Truck-mounted Concrete Pump Market – End Use
Analysis
- Industrial
- Residential
- Commercial
Truck-mounted Concrete Pump Market - Country
Analysis
- Egypt
- Iran
- Algeria
- Morocco
- Oman
- UAE
- Qatar
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