Concrete Placing Booms Market

Global Concrete Placing Booms Market Size (2024 to 2029)

The Global Concrete Placing Booms Market size was US$ 3.89 Billion in 2024 and is anticipated to succeed in the valuation of US$ $ 4.42 Billion in 2029 and is predicted to register a CAGR of 2.6% from 2024 to 2029.

Concrete casting booms are primarily structures on rotating platforms or pedestals that can be connected to a plumbing system and placed hundreds of feet away from the site. The global concrete placement boom market is expected to grow rapidly as it can improve work efficiency and provide high-quality concrete placement at construction sites.

From 2022 to 2027, the pharmaceutical industry is expected to grow at the fastest CAGR. This is because these machines for weighing tablets and capsules help with quality control. Used by various pharmaceutical companies to improve both product quality and productivity. These machines are used in the mining industry to sort out industrial minerals and precious metals. It is also used in a variety of other industries such as tobacco processing, dietary supplements, agriculture, and logistics. In agriculture, it is used to classify different grains by size and color.

Global Concrete Placing Booms Market Drivers:

The concrete casting boom market relies heavily on the outlook for the construction industry around the world. Construction and infrastructure development in different economies are dynamic in nature, and their fluctuations are highly dependent on the speed of urbanization and industrialization. In developing countries such as India, China, Brazil, and Argentina, urbanization is accelerating and will contribute to the growth of the construction industry, which will boost the demand for the concrete casting boom. With the support of government policies on credit provision, increasing FDI, subsidies, and investment, the construction of commercial spaces is increasing day by day.

Furthermore, an increase in population combined with an increase in demand for residential space will support the demand for the Concrete Placing Booms Market. Additionally, both the public and private sectors are investing heavily in infrastructure, as well as commercial and residential construction projects. Public-private partnerships provide private investors with better guarantees and a stronger institutional legal framework, allowing the country's infrastructure construction to move more quickly.

Global Concrete Placing Booms Market Restraints:

The high cost of concrete placing booms, as well as its operational costs, may limit its growth during the forecast period. In addition, manufacturers of concrete placing booms are investing in research and development to make the machine more efficient and cost-effective. However, the construction industry's ongoing trend of using better equipment to achieve better results will drive up demand for Concrete Placing Booms during the forecast period. Concrete placing booms primarily find customers in the form of rental sales agencies, which then rent out the equipment to the appropriate end user, making the business value chain profitable for the suppliers.

REPORT COVERAGE:

This research report on the global concrete placing booms market has been segmented and sub-segmented based on type, application, and region.

Global Concrete Placing Booms - By Type:

• Manual Placing Booms
• Electric Placing Booms
• Hydraulic Placing Booms

Based on type, Manual placement booms are used to place concrete formwork in a controlled manner. The boom consists of a steel pipe with a sealed cabin at the end. Place the concrete foam in the cabin and manually move it to the desired position using a rope or chain. Ideal for small projects where concrete needs to be placed in hard-to-reach places.

An electro-casting boom is a device used to apply plaster and other adhesives to concrete, stone, and other surfaces. Also known as a distribution pole or epoxy panel. The operating principle of the electrical placement boom is based on the pressure exerted by the operator using the handlebar-based footswitch.

Hydraulic placement booms are commonly used in construction applications that require long reach and lifting capacity. The advantages of using a hydraulic placement boom are that high operability allows you to work in tight spaces and remote control reduces the risk of worker injury.

Global Concrete Placing Booms - By Application:

• High Buildings and Large-scale Constructions
• Railway and Nuclear Power Industry
• Others

The railway and nuclear industry application segments accounted for the largest share of sales in 2022 with more than 30%. Booms are widely used in railway construction, maintenance and repair activities. To lay the track, the blocks must be placed exactly in concrete to ensure a solid foundation for the track. Electric rail transport systems require a high level of durability and operational performance in the infrastructure that supports them, such as bridges, highways, and railway stations, and there is increasing demand for the deployment boom of various applications in the industry.

Global Concrete Placing Booms Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America 
• Middle East and Africa

The Asia-Pacific region is expected to witness high demand in the concrete placement boom market as increased infrastructure development in countries such as China and India is expected to contribute significantly to regional demand for the concrete placement boom. Moderate growth is expected in developed countries in Europe, but higher growth is expected in the United States than in Europe.  MEA is also expected to hold a large share of the global concrete placing boom market during the forecast period and will be the same during the forecast period due to increased investment in the construction industry. Other parts of the world are estimated to occupy a relatively small part of the concrete casting boom market.

KEY MARKET PLAYERS:

Major Key Players in the Global Concrete Placing Booms Market are Hangzhou Truemax Machinery & Equipment Co., Ltd, Putzmeister America, Inc, Everdigm, Sany Group, XCMG, ALTERMEKA Mühendislik ve Tic. Ltd., Zoomlion, Liebherr, Dawin Machinery, and others

RECENT HAPPENINGS IN THE MARKET:

• SANY has developed the world's first licensable electric truck crane. SANY has been at the forefront of the new energy era, pioneering the future. The electric truck crane STC75EV, a conceptual prototype, was revealed to the public in early 2013. An upgraded model, the purely electric 25 t truck crane STC250HBEV, was introduced at Bauma 2020 and was seen by many visitors.
• Self-loading concrete mixer truck, with more obvious advantages - trucks are widely used in special vehicles for hardening construction operations with narrow roads, such as residential buildings, rural road construction, squares, workshops, and so on.