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Ready Mix Concrete Market Size - By Type (Transit Mix, Shrink Mix, Central Mix), By Production (On-site, Off-site), By Application (Commercial Building, Residential Building, Industrial Building and Public Infrastructure) & Forecast, 2024 – 2032

  • Report ID: GMI5901
  • Published Date: May 2023
  • Report Format: PDF

Ready Mix Concrete Market Size

Ready Mix Concrete Market size exceeded USD 520.5 billion in 2023 and is estimated to expand at over 6.6% CAGR from 2024 to 2032.The concrete precisely prepared in a batch facility to meet each task needs, brought to the construction site, and made ready for use is known as ready mix concrete. The concrete that has been precisely crafted for a customer's building project and delivered to the customer on site as a single product is known as ready mix concrete. The increasing affluence in both developed & developing countries has accelerated the construction of homes and other structures, which will lead to a substantial consumption of concrete.
 

Ready Mix Concrete Market

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The building industry is undergoing massive, unprecedented change as a result of economic growth and it is gradually shifting toward ready mix concrete for quick & easy applications. China, India, Japan, and other Asian nations are the major market contributors. The concrete industry gains the most from these areas owing to the growing population and the rising need for residential constructions.
 

The ready-mix concrete market is expanding as a result of the expanding construction industry. Growing earnings in developed and developing countries have accelerated the construction of homes and other buildings, which will lead to significant concrete consumption. The building industry is undergoing massive, unprecedented change as a result of economic growth, and it is gradually shifting towards ready-mixed concrete for quick and easy application. China, India, Japan, and other Asian nations are the major market contributors. The concrete industry gains the most from the growing population in these areas because of the rising need for residential construction.
 

COVID-19 Impact

In addition construction industries were all significantly impacted by the COVID-19 pandemic. Production was halted or severely constrained. The supply chains and operations of the transportation and construction industries were hampered globally. The market's growth was constrained as a result of the decline in ready-mix concrete demand and output. The production and service levels of enterprises, however, are gradually returning to normal. By the end of 2022, the ready-mix concrete sector is expected to have recovered thanks to the projected return of ready-mix concrete producers to the market operating at full capacity.
 

Ready Mix Concrete Market Trends

The ready-mix concrete industry has been divided into four categories based on application: residential, commercial, industrial, and infrastructure. In 2021, Residential Buildings accounted for the greatest segment share because of the increasing urbanization of several countries around the world.
 

 The commercial sector of the ready-mix concrete market is the second-fastest growing. Expanding private sector investments and support from governmental bodies are to blame for the rise in construction possibilities. Roads, railways, bridges, residences, urban infrastructure, the electricity generation sector, and other structures are among these. The speedy construction of all the above structures is the reason for the high demand for this type of concrete. high-end investments from poor countries in urbanization. Both governmental and commercial sectors in countries like China, India, Mexico, and South Korea support this.
 

Ready Mix Concrete Market Analysis

Ready Mix Concrete Market, By Type, 2021 - 2032 (USD Billion)

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In 2022, transit-mixed concrete held the highest share, accounting for around 42% of the total ready mix concrete market revenue. Dust pollution has lowered due to the production of transit-mixed concrete in a controlled setting. On all sites, especially at the smaller concrete contracts awarded to a company, transit-mix trucks are regularly used.
 

Ready Mix Concrete Market Revenue Share, By Application, (2023)

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For the construction of manufacturing facilities, residential and commercial structures, power generation facilities, and roads, ready-mix concrete is increasingly being accepted. The main element anticipated to fuel ready mix concrete market growth over the projected time is the development of various infrastructure segments around the world in combination with rising urbanisation. Because it is more convenient, simpler to use, and of higher quality than traditional concrete, the product is commonly employed as a replacement. In addition, low inventory costs, decreased waste, and effective utilisation are likely to cut the project's ultimate cost.
 

The off-site segment dominated the ready mix concrete market share in 2022. Large quantities of concrete are needed in construction projects and off-site production makes it possible to manufacture concrete with greater accuracy & quality controls. The area needed at the construction site to store ready-mixed concrete used off-site. The on-site production method witnessed the fastest growth in the market. Even though this concrete is produced off-site by a ready-mix facility, the user has complete information, access, tracking, and the ability to intervene in the components, the mixture design, and the production process at every level.
 

North America Ready Mix Concrete Market Size, 2021- 2032 (USD Billion)

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U.S. ready mix concrete market size was reached USD 21.78 billion in 2022. The rapid expansion of medical tourism, rising healthcare expenses, and the growing prevalence of arthritis & degenerative disc conditions are all contributing to this expansion.
 

Ready Mix Concrete Market Share

Some of the major companies operating in the ready mix concrete market are

  • CEMEX S.A.B. de C.V. (Mexico)
  • LafargeHolcim Ltd. (Switzerland)
  • HeidelbergCement AG (Germany)
  • Buzzi Unicem S.p.A. (Italy)
  • China National Building Material Company Limited (China)
  • Eurocement Group (Russia)
  • Vicat SA (France)
  • CRH plc (Ireland)
  • U.S. Concrete, Inc. (United States)
  • Votorantim Cimentos S.A. (Brazil)
  • Taiheiyo Cement Corporation (Japan)
  • Siam Cement Group (Thailand)
  • Italcementi S.p.A. (Italy), Hanson Limited (United Kingdom)
  • Cementir Holding N.V. (Italy)
  • UltraTech Cement Ltd. (India)
  • Martin Marietta Materials, Inc. (United States)
  • Holcim Australia Pty Ltd. (Australia)
  • National Cement Company, Inc. (United States)

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Ready Mix Concrete Industry News:

  • The four business sectors of Holcim include cement, aggregates, ready-mix concrete, and supplemental products including precast concrete, asphalt paving, cement & other building materials. Cajun Ready-Mix Concrete, the biggest ready-mix concrete business in the greater Baton Rouge area of the U.S., was purchased by Holcim Group in May 2022. This strategic choice increased its market presence in the U.S
    .

This ready mix concrete market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume in Million Tons & revenue in USD Billion from 2018 to 2032, for the following segments:

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Market, By Application

  • Commercial Building,
  • Residential Building,
  • Industrial Building,
  • Infrastructure

Market, By Type

  • Transit Mix,
  • Shrink Mix,
  • Central Mix

Market, By Production

  • On-site
  • Off-site

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ready mix concrete was reached USD 520.5 billion in 2023 and is estimated to exceed USD 902.2 billion by the end of 2032, due to the increasing number of building projects worldwide.
Transit-mixed concrete segment accounted for 42% of the total market share in 2022, owing to the surging need for lowering the dust pollution worldwide.
Demand for ready mix concrete in the U.S. reached USD 21.78 billion in 2022 and is anticipated to expand at a notable pace from 2023-2032, attributed to the rapidly expanding medical tourism in the region.
CEMEX S.A.B. de C.V., Cementir Holding N.V., U.S. Concrete, Inc., Siam Cement Group, LafargeHolcim Ltd., HeidelbergCement AG, Buzzi Unicem S.p.A., China National Building Material Company Limited, Eurocement Group, and Vicat SA are some major ready mix concrete firms.

Ready Mix Concrete Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 266
  • Countries covered: 19
  • Pages: 128
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