Ready Mix Concrete
Ready Mix Concrete Market Forecasts to 2030 - Global Analysis By Product (Central Mixed Concrete, Hybrid Riser and Other Products), Production (On-site and Off-site), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $911.6 BN |
|
Projected Year Value (2030) |
US $1,562.4 BN |
|
CAGR (2023 - 2030) |
9.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Ready Mix Concrete Market is accounted for $911.6 billion in 2023 and is expected to reach $1,562.4 billion by 2030 growing at a CAGR of 9.0% during the forecast period. Ready-mix concrete (RMC) is a pre-mixed concrete that is manufactured in batching plants according to a set recipe and then delivered to construction sites in a ready-to-use state. This type of concrete offers numerous advantages, including consistency in quality, reduced construction time, and enhanced durability. RMC eliminates the need for on-site mixing, saving time and labor costs. It is produced under controlled conditions, ensuring precise proportions of ingredients like cement, aggregates, water, and additives. This results in a high-quality and uniform product that meets specific project requirements.
According to the European Union, the European Regional Development Fund (ERDF) allocated 8% to strengthen sustainable urban development and support the cohesion policy's urban dimension.
Market Dynamics:
Driver:
Rapid urbanization and infrastructure development
The surge in urban population and the consequent demand for housing and commercial spaces fuel the need for quick and efficient construction solutions. Ready-mix concrete, with its pre-mixed composition, offers a time-saving and cost-effective solution for large-scale construction projects. As cities expand and infrastructural projects multiply, the demand for RMC grows exponentially, driven by the necessity to meet tight construction timelines and ensure high-quality building structures. This trend underscores the integral role of ready-mix concrete in supporting the fast-paced urbanization and infrastructure development prevalent in today's dynamic construction landscape.
Restraint:
Dependence on construction industry
The ready-mix concrete market is intricately tied to the construction industry, and its growth is significantly restrained by fluctuations in construction activities. Economic downturns, regulatory hurdles, and labor shortages within the construction sector can impact demand for ready-mix concrete. Moreover, delays in project timelines, budget constraints, and the cyclical nature of construction projects further limit the market's expansion. The ready-mix concrete market is inherently dependent on the overall health and stability of the construction industry.
Opportunity:
Customized mixes for specialized applications
Tailoring concrete mixes to meet the specific requirements of construction projects, such as high-strength formulations for structural elements or low-permeability mixes for water-resistant applications, provides a competitive edge. This customization caters to diverse construction needs, ensuring optimal performance and durability. Companies that capitalize on this opportunity can enhance customer satisfaction, address niche market demands, and foster long-term partnerships with clients seeking bespoke solutions. The ability to provide specialized mixes position businesses strategically in the dynamic and evolving construction industry, opening avenues for growth and market differentiation.
Threat:
Raw material price volatility
Fluctuations in the prices of key raw materials such as cement, aggregates, and admixtures can disrupt profit margins and overall market stability. Sudden price hikes may lead to increased operational expenses for concrete producers, affecting their competitiveness and pricing strategies. Moreover, the industry's vulnerability to global economic conditions and geopolitical factors intensifies the raw material price volatility threat, necessitating effective risk management and strategic planning within the ready-mix concrete sector.
Covid-19 Impact:
Construction projects faced disruptions due to lockdowns, supply chain interruptions, and labor shortages, leading to a decline in demand for ready-mix concrete. Delays in project timelines and uncertainties in the construction sector resulted in reduced orders for this essential building material. However, as economies gradually recover and construction activities resume, the ready-mix concrete market is expected to rebound, driven by infrastructure development and the resumption of delayed projects, albeit with lingering challenges such as fluctuating raw material costs and supply chain constraints.
The hybrid riser segment is expected to be the largest during the forecast period
The growth of the hybrid riser segment in the ready-mix concrete market can be attributed to its unique combination of durability and flexibility. Hybrid risers, incorporating both steel and concrete elements, offer enhanced structural integrity and resistance to various environmental conditions. This innovative solution addresses the demand for high-performance concrete in construction projects, ensuring superior strength and longevity. Additionally, the versatility of hybrid rims makes them well-suited for diverse applications, contributing to their increasing adoption in the construction industry.
The infrastructure segment is expected to have the highest CAGR during the forecast period
The infrastructure segment in the ready-mix concrete market is experiencing significant growth due to escalating urbanization and increasing construction activities globally. The demand for ready-mix concrete in infrastructure projects, such as bridges, roads, and public utilities, has surged as it offers enhanced durability, efficiency, and cost-effectiveness. Governments and private entities alike are investing heavily in large-scale infrastructure development, further propelling the demand for ready-mix concrete. Additionally, this growth is driven by the material's ability to expedite construction timelines and ensure consistent quality, making it a preferred choice for infrastructure projects seeking timely and reliable solutions.
Region with largest share:
North America has experienced substantial growth in recent years, driven by robust construction activities and infrastructure development across the region. Factors such as population growth, urbanization, and a steady demand for residential and commercial spaces have propelled the need for ready-mix concrete. The adoption of advanced construction technologies and sustainable building practices has further fuelled the market expansion. Furthermore, with a surge in construction projects and a preference for efficient and time-saving construction methods, the North American market is poised for continued growth.
Region with highest CAGR:
The Asia Pacific region has witnessed robust growth in the market, driven by rapid urbanization and infrastructure development. Increasing construction activities across emerging economies, such as China and India, have fuelled the demand for RMC as a convenient and efficient construction material. The region's expanding population, rising disposable incomes, and government initiatives to enhance infrastructure further contribute to the market's expansion. Additionally, the adoption of advanced technologies and sustainable practices in the construction sector has played a pivotal role in shaping the growth trajectory of the RMC market in the Asia Pacific.
Key players in the market
Some of the key players in Ready Mix Concrete market include ACC Ltd., Barney & Dickenson, Inc, Buzzi Unicem SpA, CEMEX S.A.B. de C.V., Crown Cement PLC, Dillon Bros Ready Mix Concrete, Hanson Cement Ltd., Heidelberg Materials AG , Italcementi Group, Holcim Group, Livingston's Concrete Service, Inc., R. W. Sidley, Inc., U.S. Concrete and UltraTech Cement Ltd.
Key Developments:
In September 2023, Hanson UK has launched a recycling business line to process construction and demolition waste. The business will supply recycled materials for use in Hanson UK’s operations. The development of a separate recycling business line will allow Hanson to provide the most sustainable products to customers through circularity and innovation, to enable building more with less.
In August 2023, Crown Cement PLC has decided to purchase fly ash from the Matarbari 2x600 MW Ultra Super Critical Coal Fired Power Plant to ensure smooth and regular production of cement. Crown will soon sign a joint venture consortium agreement (JVCA) with a supplier to complete the purchase.
Products Covered:
• Central Mixed Concrete
• Hybrid Riser
• Transit Mixed Concrete
• Shrink Mixed Concrete
• Other Products
Productions Covered:
• On-site
• Off-site
Applications Covered:
• Commercial
• Industrial
• Residential
• Infrastructure
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ready Mix Concrete Market, By Product
5.1 Introduction
5.2 Central Mixed Concrete
5.3 Hybrid Riser
5.4 Transit Mixed Concrete
5.5 Shrink Mixed Concrete
5.6 Other Products
6 Global Ready Mix Concrete Market, By Production
6.1 Introduction
6.2 On-site
6.3 Off-site
7 Global Ready Mix Concrete Market, By Application
7.1 Introduction
7.2 Commercial
7.3 Industrial
7.4 Residential
7.5 Infrastructure
7.6 Other Applications
8 Global Ready Mix Concrete Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ACC Ltd.
10.2 Barney & Dickenson, Inc.
10.3 Buzzi Unicem SpA
10.4 CEMEX S.A.B. de C.V.
10.5 Crown Cement PLC
10.6 Dillon Bros Ready Mix Concrete
10.7 Hanson Cement Ltd.
10.8 Heidelberg Materials AG
10.9 Italcementi Group
10.10 Holcim Group
10.11 Livingston's Concrete Service, Inc.
10.12 R. W. Sidley, Inc.
10.13 U.S. Concrete
10.14 UltraTech Cement Ltd.
List of Tables
1 Global Ready Mix Concrete Market Outlook, By Region (2021-2030) ($MN)
2 Global Ready Mix Concrete Market Outlook, By Product (2021-2030) ($MN)
3 Global Ready Mix Concrete Market Outlook, By Central Mixed Concrete (2021-2030) ($MN)
4 Global Ready Mix Concrete Market Outlook, By Hybrid Riser (2021-2030) ($MN)
5 Global Ready Mix Concrete Market Outlook, By Transit Mixed Concrete (2021-2030) ($MN)
6 Global Ready Mix Concrete Market Outlook, By Shrink Mixed Concrete (2021-2030) ($MN)
7 Global Ready Mix Concrete Market Outlook, By Other Products (2021-2030) ($MN)
8 Global Ready Mix Concrete Market Outlook, By Production (2021-2030) ($MN)
9 Global Ready Mix Concrete Market Outlook, By On-site (2021-2030) ($MN)
10 Global Ready Mix Concrete Market Outlook, By Off-site (2021-2030) ($MN)
11 Global Ready Mix Concrete Market Outlook, By Application (2021-2030) ($MN)
12 Global Ready Mix Concrete Market Outlook, By Commercial (2021-2030) ($MN)
13 Global Ready Mix Concrete Market Outlook, By Industrial (2021-2030) ($MN)
14 Global Ready Mix Concrete Market Outlook, By Residential (2021-2030) ($MN)
15 Global Ready Mix Concrete Market Outlook, By Infrastructure (2021-2030) ($MN)
16 Global Ready Mix Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
17 North America Ready Mix Concrete Market Outlook, By Country (2021-2030) ($MN)
18 North America Ready Mix Concrete Market Outlook, By Product (2021-2030) ($MN)
19 North America Ready Mix Concrete Market Outlook, By Central Mixed Concrete (2021-2030) ($MN)
20 North America Ready Mix Concrete Market Outlook, By Hybrid Riser (2021-2030) ($MN)
21 North America Ready Mix Concrete Market Outlook, By Transit Mixed Concrete (2021-2030) ($MN)
22 North America Ready Mix Concrete Market Outlook, By Shrink Mixed Concrete (2021-2030) ($MN)
23 North America Ready Mix Concrete Market Outlook, By Other Products (2021-2030) ($MN)
24 North America Ready Mix Concrete Market Outlook, By Production (2021-2030) ($MN)
25 North America Ready Mix Concrete Market Outlook, By On-site (2021-2030) ($MN)
26 North America Ready Mix Concrete Market Outlook, By Off-site (2021-2030) ($MN)
27 North America Ready Mix Concrete Market Outlook, By Application (2021-2030) ($MN)
28 North America Ready Mix Concrete Market Outlook, By Commercial (2021-2030) ($MN)
29 North America Ready Mix Concrete Market Outlook, By Industrial (2021-2030) ($MN)
30 North America Ready Mix Concrete Market Outlook, By Residential (2021-2030) ($MN)
31 North America Ready Mix Concrete Market Outlook, By Infrastructure (2021-2030) ($MN)
32 North America Ready Mix Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
33 Europe Ready Mix Concrete Market Outlook, By Country (2021-2030) ($MN)
34 Europe Ready Mix Concrete Market Outlook, By Product (2021-2030) ($MN)
35 Europe Ready Mix Concrete Market Outlook, By Central Mixed Concrete (2021-2030) ($MN)
36 Europe Ready Mix Concrete Market Outlook, By Hybrid Riser (2021-2030) ($MN)
37 Europe Ready Mix Concrete Market Outlook, By Transit Mixed Concrete (2021-2030) ($MN)
38 Europe Ready Mix Concrete Market Outlook, By Shrink Mixed Concrete (2021-2030) ($MN)
39 Europe Ready Mix Concrete Market Outlook, By Other Products (2021-2030) ($MN)
40 Europe Ready Mix Concrete Market Outlook, By Production (2021-2030) ($MN)
41 Europe Ready Mix Concrete Market Outlook, By On-site (2021-2030) ($MN)
42 Europe Ready Mix Concrete Market Outlook, By Off-site (2021-2030) ($MN)
43 Europe Ready Mix Concrete Market Outlook, By Application (2021-2030) ($MN)
44 Europe Ready Mix Concrete Market Outlook, By Commercial (2021-2030) ($MN)
45 Europe Ready Mix Concrete Market Outlook, By Industrial (2021-2030) ($MN)
46 Europe Ready Mix Concrete Market Outlook, By Residential (2021-2030) ($MN)
47 Europe Ready Mix Concrete Market Outlook, By Infrastructure (2021-2030) ($MN)
48 Europe Ready Mix Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
49 Asia Pacific Ready Mix Concrete Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Ready Mix Concrete Market Outlook, By Product (2021-2030) ($MN)
51 Asia Pacific Ready Mix Concrete Market Outlook, By Central Mixed Concrete (2021-2030) ($MN)
52 Asia Pacific Ready Mix Concrete Market Outlook, By Hybrid Riser (2021-2030) ($MN)
53 Asia Pacific Ready Mix Concrete Market Outlook, By Transit Mixed Concrete (2021-2030) ($MN)
54 Asia Pacific Ready Mix Concrete Market Outlook, By Shrink Mixed Concrete (2021-2030) ($MN)
55 Asia Pacific Ready Mix Concrete Market Outlook, By Other Products (2021-2030) ($MN)
56 Asia Pacific Ready Mix Concrete Market Outlook, By Production (2021-2030) ($MN)
57 Asia Pacific Ready Mix Concrete Market Outlook, By On-site (2021-2030) ($MN)
58 Asia Pacific Ready Mix Concrete Market Outlook, By Off-site (2021-2030) ($MN)
59 Asia Pacific Ready Mix Concrete Market Outlook, By Application (2021-2030) ($MN)
60 Asia Pacific Ready Mix Concrete Market Outlook, By Commercial (2021-2030) ($MN)
61 Asia Pacific Ready Mix Concrete Market Outlook, By Industrial (2021-2030) ($MN)
62 Asia Pacific Ready Mix Concrete Market Outlook, By Residential (2021-2030) ($MN)
63 Asia Pacific Ready Mix Concrete Market Outlook, By Infrastructure (2021-2030) ($MN)
64 Asia Pacific Ready Mix Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
65 South America Ready Mix Concrete Market Outlook, By Country (2021-2030) ($MN)
66 South America Ready Mix Concrete Market Outlook, By Product (2021-2030) ($MN)
67 South America Ready Mix Concrete Market Outlook, By Central Mixed Concrete (2021-2030) ($MN)
68 South America Ready Mix Concrete Market Outlook, By Hybrid Riser (2021-2030) ($MN)
69 South America Ready Mix Concrete Market Outlook, By Transit Mixed Concrete (2021-2030) ($MN)
70 South America Ready Mix Concrete Market Outlook, By Shrink Mixed Concrete (2021-2030) ($MN)
71 South America Ready Mix Concrete Market Outlook, By Other Products (2021-2030) ($MN)
72 South America Ready Mix Concrete Market Outlook, By Production (2021-2030) ($MN)
73 South America Ready Mix Concrete Market Outlook, By On-site (2021-2030) ($MN)
74 South America Ready Mix Concrete Market Outlook, By Off-site (2021-2030) ($MN)
75 South America Ready Mix Concrete Market Outlook, By Application (2021-2030) ($MN)
76 South America Ready Mix Concrete Market Outlook, By Commercial (2021-2030) ($MN)
77 South America Ready Mix Concrete Market Outlook, By Industrial (2021-2030) ($MN)
78 South America Ready Mix Concrete Market Outlook, By Residential (2021-2030) ($MN)
79 South America Ready Mix Concrete Market Outlook, By Infrastructure (2021-2030) ($MN)
80 South America Ready Mix Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
81 Middle East & Africa Ready Mix Concrete Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Ready Mix Concrete Market Outlook, By Product (2021-2030) ($MN)
83 Middle East & Africa Ready Mix Concrete Market Outlook, By Central Mixed Concrete (2021-2030) ($MN)
84 Middle East & Africa Ready Mix Concrete Market Outlook, By Hybrid Riser (2021-2030) ($MN)
85 Middle East & Africa Ready Mix Concrete Market Outlook, By Transit Mixed Concrete (2021-2030) ($MN)
86 Middle East & Africa Ready Mix Concrete Market Outlook, By Shrink Mixed Concrete (2021-2030) ($MN)
87 Middle East & Africa Ready Mix Concrete Market Outlook, By Other Products (2021-2030) ($MN)
88 Middle East & Africa Ready Mix Concrete Market Outlook, By Production (2021-2030) ($MN)
89 Middle East & Africa Ready Mix Concrete Market Outlook, By On-site (2021-2030) ($MN)
90 Middle East & Africa Ready Mix Concrete Market Outlook, By Off-site (2021-2030) ($MN)
91 Middle East & Africa Ready Mix Concrete Market Outlook, By Application (2021-2030) ($MN)
92 Middle East & Africa Ready Mix Concrete Market Outlook, By Commercial (2021-2030) ($MN)
93 Middle East & Africa Ready Mix Concrete Market Outlook, By Industrial (2021-2030) ($MN)
94 Middle East & Africa Ready Mix Concrete Market Outlook, By Residential (2021-2030) ($MN)
95 Middle East & Africa Ready Mix Concrete Market Outlook, By Infrastructure (2021-2030) ($MN)
96 Middle East & Africa Ready Mix Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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