Construction Pump Market Trends and Forecast
The future of the global construction pump market looks promising with opportunities in the industrial and commercial markets. The global construction pump market is expected to reach an estimated $87.5 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing construction activities, on-going technological advancements to enhance pumpÄX%$%Xs efficiency and durability, and significantly growing infrastructure development and urbanization.
• Lucintel forecasts that trash pump is expected to witness the highest growth over the forecast period.
• Within this market, industrial is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Pump Market
• United States – Xylem announced the launch of high-efficiency construction pumps, targeting infrastructure projects, supported by federal funding for water management and environmental initiatives.
• China – Sany Group expanded production of construction pumps for urban development projects, aligned with government goals for sustainable infrastructure and efficient resource management.
• India – Kirloskar Brothers Limited introduced innovative pump solutions for construction, focusing on water management in building projects, supported by government initiatives for water conservation and urban development.
• Germany – Putzmeister developed advanced concrete pumps for high-rise construction, emphasizing efficiency and safety, aligned with EU regulations for sustainable building practices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Pump Market by Segment
The study includes a forecast for the global construction pump market by type, application, and region.
Construction Pump Market by Type [Value from 2018 to 2030]:
• Trash Pumps
• Slurry Pumps
• Dewatering Pumps
• Others
Construction Pump Market by Application [Value from 2018 to 2030]:
• Industrial
• Commercial
• Others
Construction Pump Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Pump Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction pump companies profiled in this report include-
• Honda
• Wacker Neuson
• Alton Pump Services
• Tsurumi Global
• MWI Corporation
• Thompson Pump
• Stalker Pumps
Recent Development in the Construction Pump Market
• Grundfos: Introducing next-generation construction pumps with IoT connectivity for remote monitoring and predictive maintenance, enhancing efficiency on job sites.
• Flowserve Corporation: Launching advanced hydraulic pumps for heavy-duty construction applications, focusing on durability and reliability in challenging environments.
• ITT Goulds Pumps: Developing energy-efficient pump solutions for sustainable construction practices, aiming to reduce operational costs and environmental impact.
• KSB Group: Innovating high-performance dewatering pumps for construction sites, improving water management and safety during excavation and foundation work.
Features of the Global Construction Pump Market
Market Size Estimates: Construction pump market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction pump market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction pump market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction pump market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the construction pump market size?
Answer: The global construction pump market is expected to reach an estimated $87.5 billion by 2030.
Q2. What is the growth forecast for construction pump market?
Answer: The global construction pump market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the construction pump market?
Answer: The major drivers for this market are increasing construction activities, on-going technological advancements to enhance pumpÄX%$%Xs efficiency and durability and significantly growing infrastructure development and urbanization.
Q4. What are the major segments for construction pump market?
Answer: The future of the construction pump market looks promising with opportunities in the industrial and commercial markets.
Q5. Who are the key construction pump market companies?
Answer: Some of the key construction pump companies are as follows:
• Honda
• Wacker Neuson
• Alton Pump Services
• Tsurumi Global
• MWI Corporation
• Thompson Pump
• Stalker Pumps
Q6. Which construction pump market segment will be the largest in future?
Answer: Lucintel forecasts that trash pump is expected to witness the highest growth over the forecast period.
Q7. In construction pump market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction pump market by type (trash pumps, slurry pumps, dewatering pumps, and others), application (industrial, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Pump Market, Construction Pump Market Size, Construction Pump Market Growth, Construction Pump Market Analysis, Construction Pump Market Report, Construction Pump Market Share, Construction Pump Market Trends, Construction Pump Market Forecast, Construction Pump Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.