(MENAFN- EIN Presswire)
Rise in construction activities across the world has led to rise in demand for hospitality buildings such as hotels, resorts & amusement parks across the globe
WILMINGTON, DE, UNITED STATES, December 19, 2024 /EINPresswire / -- Flexible Concrete Vibrator Market: Growth Trends and Forecast
A report by Allied
market Research titled “Flexible Concrete Vibrator Market” highlights that the market was valued at $266.42 million in 2020 and is projected to reach $376.00 million by 2030, growing at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2030. The market's growth is attributed to rising construction activities and infrastructure projects worldwide, supported by public and private investments.
Download PDF Sample:
Market Overview
Flexible concrete vibrators are essential tools used in construction projects to consolidate concrete and remove air pockets for durability and strength. These devices are primarily categorized into two types:
Hand-held Flexible Concrete Vibrators
Stand-mounted Flexible Concrete Vibrators
In 2020, the hand-held segment dominated the market due to its wide applicability in residential and non-residential construction. Its lightweight design and ease of use make it suitable for small-scale concrete pours and elevated platforms.
Key Growth Drivers
Rise in Global Construction Activities:
Growing residential, commercial, and infrastructure development projects by private and public sectors drive demand for flexible concrete vibrators. Governments worldwide are increasing investments in infrastructure, such as roads, bridges, and urban housing.
Technological Advancements:
Innovations like cordless and battery-operated flexible concrete vibrators are improving usability, particularly in areas where electricity is unavailable. For instance, Shandong Hiking Machinery's Lzb-3500 launched in May 2021 features a 21V lithium-ion battery, offering 90 minutes of operation on a single charge.
Preference for Electric Vibrators:
The electric segment is expected to grow rapidly due to advancements in battery technology. These vibrators reduce risks like tripping hazards and electric shocks while offering quieter operation.
Regional Analysis
Asia-Pacific:
Asia-Pacific dominated the market in 2020, driven by massive infrastructure investments by both government and private entities. Countries like China, India, and Southeast Asia are witnessing rapid urbanization, fueling the demand for flexible concrete vibrators.
North America and Europe:
Following Asia-Pacific, these regions contribute significantly to the market, with ongoing renovation projects and smart city initiatives boosting demand.
Challenges
Raw Material Price Fluctuations:
Volatile prices of materials used in manufacturing flexible concrete vibrators hinder market growth.
Manpower Shortages:
Labor shortages during the pandemic further constrained the production and deployment of flexible concrete vibrators.
Opportunities
Cordless Technology and Lightweight Designs:
Battery-powered devices, such as the Lzb-3500, enhance safety and usability, particularly in remote construction sites. These advancements create opportunities for market growth.
Growing Infrastructure Investments:
Large-scale infrastructure projects worldwide, including urban housing, highways, and industrial facilities, are expected to sustain market demand through 2030.
Purchase Enquiry:
Market Segmentation
By Product Type:
Hand-held Flexible Concrete Vibrators (Dominant in 2020)
Stand-mounted Flexible Concrete Vibrators
By Fuel Type:
Electric (Leading in 2020)
Gasoline
Diesel
By Application:
Construction & Infrastructure
Competitive Landscape
Key players in the flexible concrete vibrator market include:
Atlas Copco Group
Badger Meter, Inc.
Enar Group
Multiquip Inc.
Wacker Neuson Group
Shandong Hiking Machinery Co., Ltd.
These companies focus on innovation and strategic partnerships to strengthen their market position.
Key Findings
Product Type: Hand-held flexible concrete vibrators dominated the market in 2020 and are projected to grow significantly.
Fuel Type: Electric vibrators recorded the highest revenue in 2020, driven by advancements in battery technology.
Regional Growth: Asia-Pacific is expected to exhibit the highest CAGR due to increased construction activities.
Technological Advancements: Innovations like cordless technology and enhanced battery performance are driving market growth.
David Correa
Allied Market Research
+ 1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN19122024003118003196ID1109012046
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.