The Mortar Mixing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mortar Mixing Equipment Global Market Report 2024, The mortar mixing equipment market size has grown strongly in recent years. It will grow from $3.28 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to construction industry growth, infrastructure development, urbanization trends, environmental regulation, material innovation.
The mortar mixing equipment market size is expected to see strong growth in the next few years. It will grow to $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to r&d investments, market consolidation and acquisitions, focus on safety features, rise of prefabricated construction, residential construction boom. Major trends in the forecast period include emphasis on durability and longevity, customization for specific applications, user-friendly interfaces, advanced material compatibility, automation and robotics.
The rising construction activity is expected to propel the growth of the mortar mixing equipment market going forward. Construction refers to constructing structures like homes, factories, highways, and bridges. Equipment for mixing mortar is used in construction to create various structures, including foundations and other commercial buildings. This mixing equipment is necessary for all construction sites and can increase productivity in the building industry. For instance, in June 2021, according to a report published by Canada’s national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020. Moreover, as per the 2022 U.S. Development Cost Trends report, residential development is also on the rise, with total construction spending in the U.S. climbing by 16%. Therefore, rising construction activities are driving the growth of the mortar mixing equipment market.
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The mortar mixing equipment market covered in this report is segmented –
1) By Type: Twin Shaft Mixer, Diesel Mixer, Drum Rotating Mixer, Tilting Mixer, Non-Tilting Mixer
2) By Application: Tile Adhesive, Water-Proofing Slurry, Concrete, Insulation, Other Applications
3) By End Use Industry: Industrial Construction, Residential Construction, Commercial Construction
Major companies operating in the mortar mixing equipment market are increasing their focus on advancements in technology and automation to maximize their revenues. Automation in mortar mixing equipment refers to using technology to automate the process of mixing cement pastes and mortar. For instance, in January 2022, Holcombe Mixers, a US-based machinery company, launched the next-generation G2 volumetric concrete mixer. The next-generation G2 volumetric concrete mixer includes an Intellicrete control system, a WaterSmart moisture control system, and an InsightFlow cement feed. Its intellicrete control system ensures that admixtures and additives are used in a manner that is consistent with the rate of concrete production, resulting in higher-quality concrete. It also has pre-pour checklists, on-screen calibration, mix design programming, and pre-pouring instructions to guarantee mix accuracy and safety.
The mortar mixing equipment market report table of contents includes:
1. Executive Summary
2. Mortar Mixing Equipment Market Characteristics
3. Mortar Mixing Equipment Market Trends And Strategies
4. Mortar Mixing Equipment Market – Macro Economic Scenario
5. Global Mortar Mixing Equipment Market Size and Growth
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31. Mortar Mixing Equipment Market Other Major And Innovative Companies
32. Global Mortar Mixing Equipment Market Competitive Benchmarking
33. Global Mortar Mixing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mortar Mixing Equipment Market
35. Mortar Mixing Equipment Market Future Outlook and Potential Analysis
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