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Ready-Mix Concrete Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4344

Global ready-mix concrete market is touted to account for considerable growth over the span of 2022-2028. This can be attributed to the expanding construction industry and growing infrastructural development activities worldwide. The demand for ready-to-mix concrete in the construction industry has surged significantly due to a rise in the demand for versatile building materials and an increase in concerns toward robust construction.
 

Besides, rapid urbanization and population growth in diverse economies worldwide would have a substantial impact on the increased demand for ready-mix concrete, complementing the growth curve of the ready-mix concrete market.
 

Merits like sight supervision and reduced cost for labor, aligned with ease of pouring methods involved in ready-mix construction are projected to attract considerable demand for ready-mix concrete in the coming years. In addition, the product is being largely used as an alternative for unconventional concrete on grounds of high convenience, enhanced quality, and ease of use. Also, reduction in waste, low inventory cost, and effective utilization are expected to lower down the overall construction project costs, thus positively influencing the growth structure of ready-mix concrete market.
 

Based on the type, transit mixed concrete market is slated to account for significant growth in the coming years. In this type, materials are batched at a central plant and mixed in the truck in transit. The main advantage associated with transit mixing is that it keeps the water separate from the cement and enables the concrete to be blended immediately before placement at the construction site. Furthermore, the method allows concrete to be hauled to construction sites away from the actual facility.
 

In terms of the application, ready mix concrete market is projected to witness surging demand from the residential sector. This can be ascribed to the expanding rate of urbanization and substantial need for residential construction to provide housing to people across different economies worldwide. Further, hefty investments in residential construction and efforts by central governments across these countries would further impel the demand for ready-mix concrete over the forecast period. For instance, the residential sector in India is anticipated to grow substantially in the coming years, with the Indian government seeking to build 20 million affordable houses in urban regions nationwide by 2022, under Union Ministry of Housing and Urban Affairs’ PMAY scheme.
 

Geographically, North America ready-mix concrete market would expand considerably in the coming years, propelled by increasing construction activities across residential and commercial sectors. According to the Construction Association statistics, the construction industry in the U.S creates approximately $1.4 trillion worth of structures annually. The demand for ready-mix concrete is as well driven by the demand for single housing units, in line with a disposable and robust economy. Besides, favorable governmental norms over the construction schemes and policies are further bolstering the regional market growth.
 

Prominent companies operating in the global ready-mix concrete market are HeidelbergCement, LafargeHolcim (Holcim Group), Buzzi Unicem S.p.A., UltraTech Cement (Aditya Birla Group, Grasim Industries), ACC Ltd (Holcim Group), and others.
 

These players are taking up effective measures like acquisitions and mergers, partnerships, and product launches to attain a secure position in the global business space.
 

Analyzing coronavirus impact on ready-mix concrete market trends

Outbreak of novel coronavirus pandemic has had a devastating impact on the construction industry worldwide during 2020. This is expected to negatively influence the demand for ready-mix concrete market in the coming years. Besides, reduced workforce, movement restrictions, and disruptions in the raw material supply chain had further downscaled the demand for ready-mix concrete market.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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