Ready-Mix Concrete Market Forecasts to 2028 – Global Analysis By Type (Architectural, Accelerated Set), Product (Shrink Mixed Concrete, Transit Mixed Concrete), Application Residential, Non-Residential) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $767.58 BN |
|
Projected Year Value (2028) |
US $1,495.80 BN |
|
CAGR (2021 - 2028) |
10.0% |
|
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 |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Ready-Mix Concrete Market is accounted for $767.58 billion in 2021 and is expected to reach $1,495.80 billion by 2028 growing at a CAGR of 10.0% during the forecast period. The ready-mix concrete (RMC) is a mixture of cement, water, sand and aggregates. Manufacturing it and delivering through a transit mixer enables the implementation of precise concrete in the construction project, making it strong and long lasting. It is particularly advantageous when small quantities of concrete or intermittent placing of concrete are required. It is also ideal for large jobs where space is limited and there is little room for a mixing plant and aggregate stockpiles.
Market Dynamics:
Driver:
Increasing demand for residential structures from construction industry
The expanding construction industry is supporting the market growth. Income growth in the developed and developing countries has accelerated the construction of buildings and housing structures that would lead to the high consumption of concrete. The construction industry is observing tremendous and unparalleled changes due to economic growth and is gradually shifting towards ready-mix concrete for easy and quick use. China, India, Japan, and other Asian nations are the major drivers for market growth.
Restraint:
Effect on construction industry due to novel coronavirus
The restraining factor affecting the growth of the RMC market is the effect of the COVID-19 outbreak on the construction industry. Many construction sites in different countries have been shut down due to the nationwide lockdown. The open sites have been facing disruptions in the supply chains and other operational restrictions. As China is a major producer of concrete, exports banned from the country due to the coronavirus outbreak have caused restrictions within the supply chain. This has caused many regions to shift towards other suppliers leading to a high cost of materials. This high cost is affecting the construction market and is acting as a restricting factor for the market growth.
Opportunity:
Labor benefits and high investments
The rising investments from the private sector and help from the governmental organizations lead to the rise in construction opportunities. These include construction of highways, bridges, railroads, urban infrastructure, real estates, power generation sector, commercial buildings, and others. Speedy development of all the above-mentioned structures is leading to a high demand for this type of concrete. This is also supported by the high-end investments in urbanization from the developing countries such as China, India, Mexico, and South Korea from both the government and private sector.
Threat:
Stoppage in construction activities
The outbreak of the virus has led to temporary stoppage in activities across various industries including construction. Implementation of global lockdown and social distancing have resulted in shutdown of construction activities as labourers and workers were not allowed to work, and companies had to close the project due to lack of construction workers. Moreover, ban over imports and exports have resulted in the lack of raw materials, which, in turn, negatively affects the market.
The residential segment is expected to be the largest during the forecast period
The residential segment is expected to be the largest share in the market. The applications of ready-mix concrete found in residential construction are in kerb bedding and backing, reinforced and un-reinforced foundations, single- and double-story extension, reinforced and unreinforced house floors, garage and septic tank bedding, trench fill, garden shed and wall, drainage, heavy goods vehicle (HGV) parking and driveways, paths, steps, and external paving, and hard standings.
Region with highest share:
Europe is projected to hold the largest share in the market. This growth can be associated with the high demand for residential structures along with the growing industrialization in the region. The governmental projects on infrastructure development are also significantly supporting the market growth of ready-mix concrete in this region.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR in the market. Asia-Pacific is an emerging economy, where market is growing, owing to increased infrastructure development projects. Economic recovery and growth in construction demand is significantly driving the market. China is the major revenue contributor in Asia-Pacific region. Earlier the country has faced a downfall, owing to slow growth in the construction industry but now it is expected to grow at a faster rate due to economic recovery and increased construction demand.
Key players in the market:
Some of the key players profiled in the Ready-Mix Concrete Market include ACC Ltd, Barney and Dickenson Inc, Buzzi Unicem S.p.A, CEMEX S.A.B. de C.V., Dillon Bros Ready Mix Concrete, Hanson Cement Ltd., Heidelberg Cement, Holcim Ltd, Italcementi Group, Lafarge R.W, Livingston's Concrete Service, Inc., R.W. Sidley, Inc, Sidley Inc, SIKA group, U.S. Concrete, Inc, UltraTech Cement, Vicat S.A, and Vulcan Materials Company CRH plc.
Key developments:
In February 2021: ACC Limited introduced low carbon concrete, under the brand name ECOPact, green concrete for sustainable, high-performing, and circular construction. This product innovation is intended to cater to the growing demand for green construction in India.
In May2020: UltraTech developed its in-house technology that collects all the remaining concrete from the construction sites and makes them into slurry for recycling in ready-mix concrete. The plant technology is automated and does not dispose of any solid or water waste, thus it is fully environmentally friendly.
In April 2020: Hanson Group supplied ready-mix concrete to meet the challenges of COVID-19 pandemic in Swansea. The factory is temporarily being formed as an NHS filed hospital for treatment and care of the patients affected from the novel coronavirus.
Types Covered:
• Standard
• Flowable Fill/Controlled Low Strength Material (CLSM)
• Fiber-Reinforced
• Architectural
• Accelerated Set
Productions Covered:
• Off-Site
• On-Site
Products Covered:
• Shrink Mixed Concrete
• Transit Mixed Concrete
• Central Mixed Concrete
• Ready Mix Concrete
Applications Covered:
• Residential
• Non-Residential
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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Type
5.1 Introduction
5.2 Standard
5.3 Flowable Fill/Controlled Low Strength Material (CLSM)
5.4 Fiber-Reinforced
5.5 Architectural
5.6 Accelerated Set
6 Global Ready-Mix Concrete Market, By Production
6.1 Introduction
6.2 Off-Site
6.3 On-Site
7 Global Ready-Mix Concrete Market, By Product
7.1 Introduction
7.2 Shrink Mixed Concrete
7.3 Transit Mixed Concrete
7.4 Central Mixed Concrete
7.5 Ready Mix Concrete
8 Global Ready-Mix Concrete Market, By Application
8.1 Introduction
8.2 Residential
8.3 Non-Residential
8.3.1 Industrial
8.3.2 Commercial & Infrastructure
9 Global Ready-Mix Concrete Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ACC Ltd
11.2 Barney and Dickenson Inc
11.3 Buzzi Unicem S.p.A
11.4 CEMEX S.A.B. de C.V.
11.5 Dillon Bros Ready Mix Concrete
11.6 Hanson Cement Ltd.
11.7 Heidelberg Cement
11.8 Holcim Ltd
11.9 Italcementi Group
11.10 Lafarge R.W
11.11 Livingston's Concrete Service, Inc.
11.12 R.W. Sidley, Inc
11.13 Sidley Inc
11.14 SIKA group
11.15 U.S. Concrete, Inc
11.16 UltraTech Cement
11.17 Vicat S.A
11.18 Vulcan Materials Company CRH plc
List of Tables
1 Global Ready-Mix Concrete Market Outlook, By Region (2020-2028) ($MN)
2 Global Ready-Mix Concrete Market Outlook, By Type (2020-2028) ($MN)
3 Global Ready-Mix Concrete Market Outlook, By Standard (2020-2028) ($MN)
4 Global Ready-Mix Concrete Market Outlook, By Flowable Fill/Controlled Low Strength Material (CLSM) (2020-2028) ($MN)
5 Global Ready-Mix Concrete Market Outlook, By Fiber-Reinforced (2020-2028) ($MN)
6 Global Ready-Mix Concrete Market Outlook, By Architectural (2020-2028) ($MN)
7 Global Ready-Mix Concrete Market Outlook, By Accelerated Set (2020-2028) ($MN)
8 Global Ready-Mix Concrete Market Outlook, By Production (2020-2028) ($MN)
9 Global Ready-Mix Concrete Market Outlook, By Off-Site (2020-2028) ($MN)
10 Global Ready-Mix Concrete Market Outlook, By On-Site (2020-2028) ($MN)
11 Global Ready-Mix Concrete Market Outlook, By Product (2020-2028) ($MN)
12 Global Ready-Mix Concrete Market Outlook, By Shrink Mixed Concrete (2020-2028) ($MN)
13 Global Ready-Mix Concrete Market Outlook, By Transit Mixed Concrete (2020-2028) ($MN)
14 Global Ready-Mix Concrete Market Outlook, By Central Mixed Concrete (2020-2028) ($MN)
15 Global Ready-Mix Concrete Market Outlook, By Ready Mix Concrete (2020-2028) ($MN)
16 Global Ready-Mix Concrete Market Outlook, By Application (2020-2028) ($MN)
17 Global Ready-Mix Concrete Market Outlook, By Residential (2020-2028) ($MN)
18 Global Ready-Mix Concrete Market Outlook, By Non-Residential (2020-2028) ($MN)
19 Global Ready-Mix Concrete Market Outlook, By Industrial (2020-2028) ($MN)
20 Global Ready-Mix Concrete Market Outlook, By Commercial & Infrastructure (2020-2028) ($MN)
21 North America Ready-Mix Concrete Market Outlook, By Country (2020-2028) ($MN)
22 North America Ready-Mix Concrete Market Outlook, By Type (2020-2028) ($MN)
23 North America Ready-Mix Concrete Market Outlook, By Standard (2020-2028) ($MN)
24 North America Ready-Mix Concrete Market Outlook, By Flowable Fill/Controlled Low Strength Material (CLSM) (2020-2028) ($MN)
25 North America Ready-Mix Concrete Market Outlook, By Fiber-Reinforced (2020-2028) ($MN)
26 North America Ready-Mix Concrete Market Outlook, By Architectural (2020-2028) ($MN)
27 North America Ready-Mix Concrete Market Outlook, By Accelerated Set (2020-2028) ($MN)
28 North America Ready-Mix Concrete Market Outlook, By Production (2020-2028) ($MN)
29 North America Ready-Mix Concrete Market Outlook, By Off-Site (2020-2028) ($MN)
30 North America Ready-Mix Concrete Market Outlook, By On-Site (2020-2028) ($MN)
31 North America Ready-Mix Concrete Market Outlook, By Product (2020-2028) ($MN)
32 North America Ready-Mix Concrete Market Outlook, By Shrink Mixed Concrete (2020-2028) ($MN)
33 North America Ready-Mix Concrete Market Outlook, By Transit Mixed Concrete (2020-2028) ($MN)
34 North America Ready-Mix Concrete Market Outlook, By Central Mixed Concrete (2020-2028) ($MN)
35 North America Ready-Mix Concrete Market Outlook, By Ready Mix Concrete (2020-2028) ($MN)
36 North America Ready-Mix Concrete Market Outlook, By Application (2020-2028) ($MN)
37 North America Ready-Mix Concrete Market Outlook, By Residential (2020-2028) ($MN)
38 North America Ready-Mix Concrete Market Outlook, By Non-Residential (2020-2028) ($MN)
39 North America Ready-Mix Concrete Market Outlook, By Industrial (2020-2028) ($MN)
40 North America Ready-Mix Concrete Market Outlook, By Commercial & Infrastructure (2020-2028) ($MN)
41 Europe Ready-Mix Concrete Market Outlook, By Country (2020-2028) ($MN)
42 Europe Ready-Mix Concrete Market Outlook, By Type (2020-2028) ($MN)
43 Europe Ready-Mix Concrete Market Outlook, By Standard (2020-2028) ($MN)
44 Europe Ready-Mix Concrete Market Outlook, By Flowable Fill/Controlled Low Strength Material (CLSM) (2020-2028) ($MN)
45 Europe Ready-Mix Concrete Market Outlook, By Fiber-Reinforced (2020-2028) ($MN)
46 Europe Ready-Mix Concrete Market Outlook, By Architectural (2020-2028) ($MN)
47 Europe Ready-Mix Concrete Market Outlook, By Accelerated Set (2020-2028) ($MN)
48 Europe Ready-Mix Concrete Market Outlook, By Production (2020-2028) ($MN)
49 Europe Ready-Mix Concrete Market Outlook, By Off-Site (2020-2028) ($MN)
50 Europe Ready-Mix Concrete Market Outlook, By On-Site (2020-2028) ($MN)
51 Europe Ready-Mix Concrete Market Outlook, By Product (2020-2028) ($MN)
52 Europe Ready-Mix Concrete Market Outlook, By Shrink Mixed Concrete (2020-2028) ($MN)
53 Europe Ready-Mix Concrete Market Outlook, By Transit Mixed Concrete (2020-2028) ($MN)
54 Europe Ready-Mix Concrete Market Outlook, By Central Mixed Concrete (2020-2028) ($MN)
55 Europe Ready-Mix Concrete Market Outlook, By Ready Mix Concrete (2020-2028) ($MN)
56 Europe Ready-Mix Concrete Market Outlook, By Application (2020-2028) ($MN)
57 Europe Ready-Mix Concrete Market Outlook, By Residential (2020-2028) ($MN)
58 Europe Ready-Mix Concrete Market Outlook, By Non-Residential (2020-2028) ($MN)
59 Europe Ready-Mix Concrete Market Outlook, By Industrial (2020-2028) ($MN)
60 Europe Ready-Mix Concrete Market Outlook, By Commercial & Infrastructure (2020-2028) ($MN)
61 Asia Pacific Ready-Mix Concrete Market Outlook, By Country (2020-2028) ($MN)
62 Asia Pacific Ready-Mix Concrete Market Outlook, By Type (2020-2028) ($MN)
63 Asia Pacific Ready-Mix Concrete Market Outlook, By Standard (2020-2028) ($MN)
64 Asia Pacific Ready-Mix Concrete Market Outlook, By Flowable Fill/Controlled Low Strength Material (CLSM) (2020-2028) ($MN)
65 Asia Pacific Ready-Mix Concrete Market Outlook, By Fiber-Reinforced (2020-2028) ($MN)
66 Asia Pacific Ready-Mix Concrete Market Outlook, By Architectural (2020-2028) ($MN)
67 Asia Pacific Ready-Mix Concrete Market Outlook, By Accelerated Set (2020-2028) ($MN)
68 Asia Pacific Ready-Mix Concrete Market Outlook, By Production (2020-2028) ($MN)
69 Asia Pacific Ready-Mix Concrete Market Outlook, By Off-Site (2020-2028) ($MN)
70 Asia Pacific Ready-Mix Concrete Market Outlook, By On-Site (2020-2028) ($MN)
71 Asia Pacific Ready-Mix Concrete Market Outlook, By Product (2020-2028) ($MN)
72 Asia Pacific Ready-Mix Concrete Market Outlook, By Shrink Mixed Concrete (2020-2028) ($MN)
73 Asia Pacific Ready-Mix Concrete Market Outlook, By Transit Mixed Concrete (2020-2028) ($MN)
74 Asia Pacific Ready-Mix Concrete Market Outlook, By Central Mixed Concrete (2020-2028) ($MN)
75 Asia Pacific Ready-Mix Concrete Market Outlook, By Ready Mix Concrete (2020-2028) ($MN)
76 Asia Pacific Ready-Mix Concrete Market Outlook, By Application (2020-2028) ($MN)
77 Asia Pacific Ready-Mix Concrete Market Outlook, By Residential (2020-2028) ($MN)
78 Asia Pacific Ready-Mix Concrete Market Outlook, By Non-Residential (2020-2028) ($MN)
79 Asia Pacific Ready-Mix Concrete Market Outlook, By Industrial (2020-2028) ($MN)
80 Asia Pacific Ready-Mix Concrete Market Outlook, By Commercial & Infrastructure (2020-2028) ($MN)
81 South America Ready-Mix Concrete Market Outlook, By Country (2020-2028) ($MN)
82 South America Ready-Mix Concrete Market Outlook, By Type (2020-2028) ($MN)
83 South America Ready-Mix Concrete Market Outlook, By Standard (2020-2028) ($MN)
84 South America Ready-Mix Concrete Market Outlook, By Flowable Fill/Controlled Low Strength Material (CLSM) (2020-2028) ($MN)
85 South America Ready-Mix Concrete Market Outlook, By Fiber-Reinforced (2020-2028) ($MN)
86 South America Ready-Mix Concrete Market Outlook, By Architectural (2020-2028) ($MN)
87 South America Ready-Mix Concrete Market Outlook, By Accelerated Set (2020-2028) ($MN)
88 South America Ready-Mix Concrete Market Outlook, By Production (2020-2028) ($MN)
89 South America Ready-Mix Concrete Market Outlook, By Off-Site (2020-2028) ($MN)
90 South America Ready-Mix Concrete Market Outlook, By On-Site (2020-2028) ($MN)
91 South America Ready-Mix Concrete Market Outlook, By Product (2020-2028) ($MN)
92 South America Ready-Mix Concrete Market Outlook, By Shrink Mixed Concrete (2020-2028) ($MN)
93 South America Ready-Mix Concrete Market Outlook, By Transit Mixed Concrete (2020-2028) ($MN)
94 South America Ready-Mix Concrete Market Outlook, By Central Mixed Concrete (2020-2028) ($MN)
95 South America Ready-Mix Concrete Market Outlook, By Ready Mix Concrete (2020-2028) ($MN)
96 South America Ready-Mix Concrete Market Outlook, By Application (2020-2028) ($MN)
97 South America Ready-Mix Concrete Market Outlook, By Residential (2020-2028) ($MN)
98 South America Ready-Mix Concrete Market Outlook, By Non-Residential (2020-2028) ($MN)
99 South America Ready-Mix Concrete Market Outlook, By Industrial (2020-2028) ($MN)
100 South America Ready-Mix Concrete Market Outlook, By Commercial & Infrastructure (2020-2028) ($MN)
101 Middle East & Africa Ready-Mix Concrete Market Outlook, By Country (2020-2028) ($MN)
102 Middle East & Africa Ready-Mix Concrete Market Outlook, By Type (2020-2028) ($MN)
103 Middle East & Africa Ready-Mix Concrete Market Outlook, By Standard (2020-2028) ($MN)
104 Middle East & Africa Ready-Mix Concrete Market Outlook, By Flowable Fill/Controlled Low Strength Material (CLSM) (2020-2028) ($MN)
105 Middle East & Africa Ready-Mix Concrete Market Outlook, By Fiber-Reinforced (2020-2028) ($MN)
106 Middle East & Africa Ready-Mix Concrete Market Outlook, By Architectural (2020-2028) ($MN)
107 Middle East & Africa Ready-Mix Concrete Market Outlook, By Accelerated Set (2020-2028) ($MN)
108 Middle East & Africa Ready-Mix Concrete Market Outlook, By Production (2020-2028) ($MN)
109 Middle East & Africa Ready-Mix Concrete Market Outlook, By Off-Site (2020-2028) ($MN)
110 Middle East & Africa Ready-Mix Concrete Market Outlook, By On-Site (2020-2028) ($MN)
111 Middle East & Africa Ready-Mix Concrete Market Outlook, By Product (2020-2028) ($MN)
112 Middle East & Africa Ready-Mix Concrete Market Outlook, By Shrink Mixed Concrete (2020-2028) ($MN)
113 Middle East & Africa Ready-Mix Concrete Market Outlook, By Transit Mixed Concrete (2020-2028) ($MN)
114 Middle East & Africa Ready-Mix Concrete Market Outlook, By Central Mixed Concrete (2020-2028) ($MN)
115 Middle East & Africa Ready-Mix Concrete Market Outlook, By Ready Mix Concrete (2020-2028) ($MN)
116 Middle East & Africa Ready-Mix Concrete Market Outlook, By Application (2020-2028) ($MN)
117 Middle East & Africa Ready-Mix Concrete Market Outlook, By Residential (2020-2028) ($MN)
118 Middle East & Africa Ready-Mix Concrete Market Outlook, By Non-Residential (2020-2028) ($MN)
119 Middle East & Africa Ready-Mix Concrete Market Outlook, By Industrial (2020-2028) ($MN)
120 Middle East & Africa Ready-Mix Concrete Market Outlook, By Commercial & Infrastructure (2020-2028) ($MN)
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