Global Cement Mixer Market 2016-2020

Overview of the global cement mixer market

Market research analysts at Technavio have predicted that the global cement mixer market will grow steadily at a CAGR of almost 11% by 2020. This market research analysis identifies the renewed focus on construction activities worldwide as one of the primary growth factors for this market. Increasing government initiatives to encourage manufacturers to use energy-efficient equipment and materials for the production of cement and concrete will aid in the growth of the market. Additionally, the rapid urbanization in emerging regions such as APAC and Latin America also aid in increasing the demand for cement mixers. The APAC region consists of major emerging markets such as China, India, Indonesia, Malaysia and Vietnam where the construction market is growing at a rapid rate. The increased focus on the development of transportation networks to encourage cycling and the use of public transports in Europe and the focus of the Americas to renovate and expand existing public infrastructures will contribute to the growth of the market. Moreover, the increasing investments towards the development of smart cities and renovation projects of existing cities in all major countries across the globe will also have a positive impact on the growth of the concrete mixer market in the next four years.

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