Concreter Vibrator Market Segmented By Internal Concrete Vibrators, External Concrete vibrators Product Type in Petrol Concrete Vibrators, Diesel Concrete Vibrators, Electric Concrete Vibrators Fuel Type in Automatic, Semi-automatic Automation
Industry: Industrial Automation
Published Date: August-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 236
Report ID: PMRREP30237
According to Persistence Market Research, global concrete vibrator market revenue totaled US$ 331.3 Mn at the end of 2021 and is expected to reach US$ 533.8 Mn by 2032, expanding at a steady CAGR of 4.5%. The largest market, accounting for 21.2% of the global concrete vibrator market share, is East Asia in 2022.
Sales of concrete vibrators account for approximately 2.2% share of the global construction equipment market.
Report Attribute | Details |
---|---|
Concrete Vibrator Market Size (2022E) |
US$ 343.8 Mn |
Projected Market Value (2032F) |
US$ 533.8 Mn |
Value CAGR (2022-2032) |
4.5% |
Collective Value Share: Top 3 Regions (2022E) |
59.7% |
The global concrete vibrator market is expected to grow due to increasing demand in building construction, infrastructure & development, and industrial applications. Industrial applications include mining and well engineering.
Historically, from 2017 to 2021, demand for concrete vibrators increased at 2.5% CAGR. The inclusion of new technology and other advancements have helped increase the efficiency of concrete vibrators under demanding field conditions. New advancements in concrete vibrators, including controlled frequency vibration (CFV) technology, are being witnessed.
Vibrator speeds have to be extremely regulated and predictable due to the enormous diversity concerning the contents of concrete, moisture content, batching consistency, compatibility with chemicals, and slump loss rates; as such, CFV is now considered standard.
A significant end-use market for concrete vibrating machines is the residential sector, which is growing at a proportional rate to the global population. During the forecast period, it is anticipated that the global market for concrete vibrators would increase steadily at a value CAGR of 4.5%.
“Construction Sector Majorly Driving Demand for Concrete Vibrators”
Major investments are being made in megaprojects to create smart, sustainable cities by some of the largest corporations in the world. Since these cities are more complex and linked than a majority of other projects, they call for extensive planning and development before construction even begins.
These initiatives, which will cost anywhere from tens of billions to well over a hundred billion dollars, are expected to have an impact on the economy, strengthen infrastructure, and benefit the environment.
Although the pandemic caused a statistical aberration in the building sector, the future remains mostly optimistic. After a slow start, development is predicted to pick up throughout 2022 as the global economy begins to recover from COVID and new economic hubs continue to emerge and expand.
“Rapid Urbanization and Rising Infrastructure Demand Driving Up Construction Spending Globally”
As per Persistence Market Research, infrastructure is increasingly the key to converting low- and middle-income countries into emerging or developing nations. These nations face a variety of developmental concerns, such as growing urbanization, the danger of changing climate, and natural catastrophes. The infrastructure sectors of water, transport, energy, and information and communications technology have emerged as true agents of change to meet these concerns.
Over the next few decades, urbanization will be the main driver for infrastructure investments, both in industrialized economies and in emerging nations that are experiencing rapid urbanization. 56% of the world's population now call cities home. That number will have increased by 2030.
This increase will necessitate ongoing infrastructure investments in ports, airports, water, power, and telecommunications, as well as in trains, highways, bridges, and other areas, opening up enormous potential for multinational contractors and their local and foreign suppliers.
Why is China a Huge Market for Concrete Vibrators?
The Chinese construction sector has lately undergone unprecedented growth, and it is anticipated to increase over the coming years. China has become the largest market for the construction sector as a consequence, which is anticipated to benefit the concrete vibrator market as well.
Projects for water supply and treatment facilities, urban metro systems, road upgrades, and the construction of public parks are all part of the government's 13th five-year plan. According to projections, these actions will strengthen the building industry, which will drive demand for concrete vibrators.
The country's strong commercial and industrial sectors are driving demand for infrastructure, which is expected to parallelly push the market for concrete vibrators and concrete pokers as well.
Will India Be a Lucrative Market for Concrete Vibrating Machine Manufacturers?
India's construction market has been expanding significantly since the turn of the millennium. It is anticipated that this expansion would carry on and have a significant impact on the Indian economy.
These mega projects are expected to provide vast opportunities for concrete vibrator manufacturers over the coming years.
How is the United States Concrete Vibrator Market Progressing?
Several megaprojects are happening right now in the U.S. Nearly every industry in America has billion-dollar initiatives, including those in the fields of research, aerospace, energy, infrastructure, rail, transit, and transportation.
Which Concrete Vibrator Type is Most Widely Used?
“Internal Concrete Vibrators Hold Major Market Share”
Internal concrete vibrators are gaining a significant market share. They are employed in the construction of residential structures, railroads, highways, bridges, mines, and wells. It is anticipated that external concrete vibrators will rank second among the types during the projected period.
By 2032, the market for internal concrete vibrators is projected to be worth US$ 246.8 Mn, expanding at a higher CAGR of 5.1%.
“Electric Concrete Vibrators More Effective”
The electric concrete vibrators segment is estimated to be valued at US$ 221.8 Mn by 2032, expanding at a CAGR of 5.1% through 2032.
The market is segmented into petrol, electric, diesel, and others. Electric concrete vibrators are more widely used in the construction industry. These come in various types such as needle concrete vibrators, shutter concrete vibrators, surface vibrators, and others. High frequency, zero pollution, and lower cost make electric concrete vibrators more ideal for use.
There is also zero emission of pollutant gases by electric concrete vibrators. These are exceptionally lightweight and convenient to use on job sites and they provide more torque than conventional vibrators. Due to the high duty, they emit no diesel or gasoline fumes and come in a variety of lengths, and are excellent for use in confined spaces.
Which End-use Sector is the Most Dominant in the Concrete Vibrator Market?
“Residential Building Construction Projects to Push Concrete Vibrator Market Expansion”
As per Persistence Market Research, the building construction industry will be driven by rising demand and a housing rebound. Over the projection period, this is likely to drive up demand for concrete vibrators, especially in South Asia Pacific and North America.
In certain locations, housing demand has been much greater than supply. The development of large-scale infrastructure projects is growing in the countries of South Asia Pacific as well as North America.
In major countries, governments are putting more effort into building and transportation infrastructure and bolstering their energy (electricity generating) infrastructure. This will provide large-scale opportunities for key concrete vibrator producers to expand globally.
In recent years, there have been more and more acquisition and expansion efforts to strengthen the concrete vibrator market's supply chain.
Several significant concrete vibrator manufacturers are concentrating on creating new, technologically-advanced machinery. In this area, other producers have also begun to appear in the market.
Attribute |
Details |
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Forecast Period |
2022-2032 |
Historical Data Available for |
2017-2021 |
Market Analysis |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
Concrete Vibrator Market by Product Type:
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The global concrete vibrator market is currently valued at US$ 343.8 Mn.
Demand for internal concrete vibrators is set to rise the fastest over the coming years.
Building construction is projected to create an incremental opportunity of US$ 87.5 Mn between 2022 and 2032.
From 2017 to 2021, sales of concrete vibrators increased at a CAGR of 2.5%.
Revenue from concrete vibrators is projected to increase at 4.5% CAGR and reach US$ 533.8 Mn by 2032.
Atlas Copco, Exen Corp, Wacker Neuson Group, Husqvarna Group, Badger Meter Inc., and Hyundai Power Products are key manufacturers of concrete vibrators, and account for over 56% market share.