PUBLISHER: The Business Research Company | PRODUCT CODE: 1426454
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426454
Mortar mixing equipment is a machine primarily employed in construction projects to blend dried mortar with water, creating fresh mortar-a compound used for joining bricks or stones, comprising sand, water, cement, or lime. Widely utilized in construction operations such as bricklaying, paving, and plastering, it also finds application in landscaping tasks for mixing mulch, compost, and soil.
The primary types of mortar mixing equipment include twin shaft mixers, diesel mixers, drum rotating mixers, tilting mixers, and non-tilting mixers. A twin-shaft mixer features two horizontally aligned shafts with mixing blades, serving purposes such as self-consolidating concrete (SCC), roller-compacted concrete (RCC), and high-strength mortar. These mixers cater to various applications, including tile adhesive, waterproofing slurry, concrete, insulation, among others, and find use in different end-use industries, such as industrial construction, residential construction, and commercial construction.
The mortar mixing equipment market research report is one of a series of new reports from The Business Research Company that provides mortar mixing equipment market statistics, including mortar mixing equipment industry global market size, regional shares, competitors with a mortar mixing equipment market share, detailed mortar mixing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mortar mixing equipment industry. This mortar mixing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed during the historical period can be attributed to the expansion of the construction industry, ongoing infrastructure development, trends in urbanization, adherence to environmental regulations, and advancements in 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 anticipated growth in the forecast period can be attributed to increased research and development investments, market consolidation through acquisitions, a heightened focus on safety features, the ascent of prefabricated construction, and a boom in residential construction. Major trends expected during the forecast period include a strong emphasis on durability and longevity, customization for specific applications, user-friendly interfaces, enhanced material compatibility, and the integration of automation and robotics.
The anticipated increase in construction activity is poised to drive the growth of the mortar mixing equipment market. Construction, involving the creation of structures such as homes, factories, highways, and bridges, relies on equipment designed for mixing mortar. This equipment plays a vital role in constructing various structures, including commercial buildings and foundations, enhancing productivity across construction sites. For example, Canada's national statistical agency reported a notable surge in building construction investment from $14,294 million in April 2019 to $19,273 million in 2020. Moreover, the 2022 U.S. Development Cost Trends report indicates a 16% rise in total construction spending in the U.S., emphasizing the growth in residential development. Hence, the increasing construction activities act as a driving force for the mortar mixing equipment market.
The growth of the mortar mixing equipment market is expected to be fueled by increasing infrastructure investments. Infrastructure investment involves allocating funds for the development and maintenance of essential physical structures such as roads, bridges, and public facilities. Mortar mixing equipment is crucial for constructing robust infrastructure projects, contributing to the durability of structures such as roads and bridges. Notably, the World Bank reported a significant increase in private participation in infrastructure commitments, reaching $91.7 billion across 263 projects in April 2023, marking a 23% rise from 2021. Additionally, South Asia witnessed a remarkable $13.9 billion influx in private sector investments in 2022, constituting over 15% of total commitments and marking the highest capital inflow in a decade. Consequently, the escalating infrastructure investment serves as a key driver for the mortar mixing equipment market's growth.
Stringent standards and regulations are expected to pose challenges to the mortar mixing equipment market's growth. Manufacturers and users of mortar mixing equipment must comply with industry-specific standards and government regulations covering aspects such as equipment design, safety, emissions, and environmental impact. Adhering to these standards requires additional resources, testing, and documentation, potentially leading to increased production costs and delays in product development and certification. For example, ASTM International introduced a global standard specification in August 2023, addressing the production, properties, packaging, and testing of packaged dry materials used in concrete and high-strength mortar production. This standard necessitates adherence to guidelines for material selection and the use of mortar mixing equipment equipped with a bowl positioning adapter for accuracy. Consequently, stringent standards and regulations are anticipated to limit the growth of the mortar mixing equipment market.
Key players in the mortar mixing equipment market are intensifying their focus on technological advancements and automation to enhance their revenue streams. Automation in mortar mixing equipment involves leveraging technology to automate the process of mixing cement pastes and mortar. For instance, Holcombe Mixers launched the next-generation G2 volumetric concrete mixer in January 2022, featuring an Intellicrete control system, WaterSmart moisture control system, and InsightFlow cement feed. The Intellicrete control system ensures consistent admixture and additive use, promoting higher-quality concrete production. It also incorporates pre-pour checklists, on-screen calibration, mix design programming, and pre-pouring instructions for accuracy and safety.
In August 2022, Terex Materials Processing acquired ProAll, expanding its portfolio with ProAll's volumetric mixers and reinforcing its presence in the concrete market. ProAll, based in Canada, is a prominent producer of mobile volumetric concrete mixers.
Major companies operating in the mortar mixing equipment market report are Sany Heavy Industry Co. Ltd., Sika AG, Zoomlion Heavy Industry Science & Technology Co. Ltd., The Toro Co., HB Fuller, Forbo Flooring B.V., Quick Mix Beton L.L.C., Multiquip Inc., IMER Group, Dryvit Systems Inc., Bartell Machinery Limited, MBW Inc., Allen Engineering Corp., Stone Construction Equipment Inc., Arcen Tech Private Limited, Belle Group, Knauf BV, EZG Manufacturing, Crown Construction Equipment, Aimix Group Co. Ltd., Quikspray Inc., Collomix GmbH, Lino Sella, Pemat Mischtechnik GmbH, Ruby Tools Pvt. Ltd., Zimmerman Industries Inc., Qingdao Xinxing Construction Machinery Co. Ltd, Mizar Tecnicas de Mezclado S.L., Qinhuangdao PUDA Electronics Co. Ltd., Zhengzhou MG Industrial Co. Ltd
North America was the largest region in the mortar mixing equipment market in 2023. The regions covered in the mortar mixing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mortar mixing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The mortar mixing equipment market consists of sales of automatic mortar mixers, bucket mortar mixers, and vertical shaft mixers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mortar Mixing Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mortar mixing equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mortar mixing equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mortar mixing equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.