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Market Research for Truck-Mounted Cement Mixer Manufacturing Industry

According to IBISWorld, a publisher of industry research, forecast in revenue growth of the Truck-Mounted Cement Mixer Manufacturing industry seems to progress in 2012 and 2013, with growing non-residential construction activity.

Companies including Schwing America, which produces cement mixers through the Stetter brand, will be benefited by this. As the manufacturers transfer their production offshore, and as the economy standardizes on an unsteady long-term growth path, industry growth will diminish. IBISWorld predicts that over 2012 to 2016, the revenue will increase at an average annual rate of 2.6% to $2.9B. Hence, IBISWorld has included a report on the Truck-Mounted Cement Mixer Manufacturing industry to its series of Construction Machinery Manufacturing.

IBISWorld states that the demand for concrete work regulates the demand for Truck-Mounted Cement Mixer Manufacturing industry. Growth in the industry was observed in the first half of the five years till 2011. Due to recession in economy and increase in unemployment from 2007 to 2009, construction projects came to a halt. The housing prices increased, thereby reducing the stream of commercial projects. With the rising financial crisis in 2008, the housing market subsided and the demand for concrete trucks and cement works were reduced through global recession. With unsteady domestic demand in 2010, revenue returned to be as dealer’s restocked inventory and exports to China and other progressive markets soared. In 2011, revenue increases with the persisting restocking and exporting procedures. Revenue is reduced at an average annual rate of 0.6% over five years to 2011, due to declines regarding recession neutralizing previous growth. Industry employment drops as employment was impaired by firms in response to the strong decline in demand.

Source: http://www.ibisworld.com.au/

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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