Portland, OR -- (SBWIRE) -- 08/30/2017 -- Cement is a vital component of construction. The process adopted to manufacture the concrete mixture plays a significant role in the efficiency of concrete mixers. The cement mixers convert the cement that is produced from the cement plant in the form of a raw material into a binding material. A cement mixer is a machine deployed to mix cement and aggregate sand or gravel & water homogeneously to form concrete. A cement mixer is equipped with a revolving drum to mix the components. These machines are deployed so that the concrete can be prepared at the construction site and give the workers ample time to use the concrete mixture before it hardens.
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Increasing construction activities globally is one of the primary growth factors that give rise to the demand for cement mixers. In addition, increasing initiatives from the government encourage manufacturers to use energy-efficient equipment that aids in the growth of the market. Growing population & urbanization have given rise to new investments in the development of smart cities and renovation projects of existing cities globally. This is expected to fuel the growth of the cement mixer market. Moreover, development of transportation infrastructure also supports the growth of the cement mixer market. However, the purchase of construction equipment involves a huge initial investment and therefore small and medium enterprises are hesitant to invest in the same. This may compel manufacturers to start a rental and leasing market to promote their cement mixer market.
The cement mixer market is segmented based on product type, end user, and geography. Based on product type, the market is segmented into diesel mixer, drum rotating mixer, twin shaft mixer, tilting mixer, and non-tilting mixer. Based on end user, the market is segmented into industrial, residential, and commercial. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
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Key players that operate in the market include Caterpillar, Liebherr-International AG, SANY GROUP, Sinotruk Hong Kong Ltd., Akona Engineering Pvt. Ltd., Henan Sanq Group Machinery Co., Ltd., Lino Sella World, Shantui Construction Machinery Co., Ltd., Terex Corporation, and Zoomlion Heavy Industry Science & Technology Co., Ltd.
Key Benefits
The report provides an in-depth analysis of the cement mixer industry to identify potential investment pockets.
The key drivers, restraints, and opportunities along with their detailed impact analyses have been elucidated.
Porters five forces model helps in analyzing the potential buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.