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Global Ready-Mix Concrete Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Ready-Mix Concrete Market, By Type (Transit Mixed Concrete, Shrink Mixed Concrete, Central Mixed Concrete), Production (On-site, Off-site), Mixer Type (Volumetric, Barrel Truck/In-transit mixer), Application (Commercial Building, Residential Building, Infrastructure, Industrial Utilities) – Industry Trends and Forecast to 2029

Ready-Mix Concrete Market

Market Analysis and Size

The ready-mix concrete market has gained immense popularity due to its higher convenience, ease of use, and improved quality and its utilization as a substitute for traditional concrete. In addition, several businesses are working on the creation of mobile ready-mix concrete machines for use on major construction sites so that concrete may be delivered on time. As a result of these determinants, the market is anticipated to grow significantly over the forecast period.

Global Ready-Mix Concrete Market was valued at USD 181.14 billion in 2021 and is expected to reach USD 1427.31 billion by 2029, registering a CAGR of 8.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Transit Mixed Concrete, Shrink Mixed Concrete, Central Mixed Concrete), Production (On-site, Off-site), Mixer Type (Volumetric, Barrel Truck/In-transit mixer), Application (Commercial Building, Residential Building, Infrastructure, Industrial Utilities)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Arkema (France), Sika AG (Switzerland), BASF SE (Germany), GCP Applied Technologies Inc., (U.S.), MAPEI S.p.A. (Italy), Kao Corporation (Japan), M&I Materials Limited (U.K),  Dupont (U.S.), SOLVAY (Belgium),  W. R. Grace & Co.-Conn. (U.S.), Setral Chemie GmbH (Germany), Enaspol a.s (Czech Republic), CAC Admixtures (India), CHRYSO GROUP (France), Ashland Inc (U.S.) and Rhein-Chemotechnik GMBH (Germany)

Market Opportunities

  • Utilized as a substitute for unusual concrete
  • Increasing investments in the construction industry

Market Definition

The ready-mix concrete refers to accumulation of sand, water and aggregates. The manufacturing of this mix, which is delivered through a transit mixer, gives accurate concrete to the construction that makes it sturdy and long lasting. These are extensively used when there is lack of space for aggregate stockpiles and mixing plant. They are also utilized for small construction projects where limited quantity or aggregate stockpiles is needed.

Ready-Mix Concrete Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increased Construction and Infrastructural Projects

The need for ready-mix concrete is increasing as the number of infrastructure projects, such as bridges, roads, dams, and airport expansion projects, grows, particularly in emerging countries. As a result, the worldwide ready-mix concrete industry is predicted to grow rapidly over the forecast period. The market is also benefiting from increased government spending on construction, manufacturing, and power plants.

The factors such as the rapid population growth and growing urbanization will further propel the growth rate of the ready-mix concrete market. Additionally, the easy pouring methods involved in ready-mix construction will also drive market value growth. The expansion of the automotive industry along with the development in infrastructure segments across the globe are other market growth determinants which are projected to bolster the growth of the market.

Opportunities

  • Investments and its Usage as a Substitute

Furthermore, the increasing investments in the construction industry extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, due to its great convenience, improved quality, and ease of use, the product is frequently utilized as a substitute for unusual concrete, further expanding the future growth of the ready-mix concrete market.

Restraints/Challenges

  • High Investments as well as the Product Costs

The requirement for huge sums of money to be invested initially in the establishment of ready-mix concrete enterprises limits the entry of new participants into the market. Another major stumbling block that has recently been identified is the high cost of ready-mix concrete, which prevents most consumers with limited income and resources from installing these systems.

  • Lower Awareness

Another important factor impeding the growth of the ready-mix concrete treatment market is a lack of understanding and awareness among the general public about these systems, which were just recently established and have limited public outreach, as seen by the low number of sales and installations. Therefore, this factor will challenge the ready-mix concrete market growth rate.

This ready-mix concrete market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ready-mix concrete market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ready-Mix Concrete Market

The recent outbreak of coronavirus had a negative impact on the ready-mix concrete market. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns hampered the market. During the COVID-19 outbreak's lockdown, the various end users of ready-mix concrete market were impacted. Construction activity had slowed around the world, resulting in a considerable reduction in the demand for ready-mix concrete. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.

On the brighter side, the government has also taken other initiatives to boost the building industry, including the creation of numerous grants for employees and manufacturers, which will boost demand for construction items. The government has also started construction projects in all regions, which would result in more jobs being created. Increased government initiatives and a larger workforce in the industry will contribute to future market growth.

Global Ready-Mix Concrete Market Scope

The ready-mix concrete market is segmented on the basis of type, production, mixer type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Transit Mixed Concrete
  • Shrink Mixed Concrete
  • Central Mixed Concrete

 Production

  • On-site
  • Off-site

Mixer Type

  • Volumetric
  • Barrel Truck/In-transit mixer

Application

  • Commercial Building
  • Residential Building
  • Infrastructure
  • Industrial Utilities

Ready-Mix Concrete Market Regional Analysis/Insights

The ready-mix concrete market is analyzed and market size insights and trends are provided by country, type, production, mixer type and application as referenced above.

The countries covered in the ready-mix concrete market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increase in new infrastructure projects within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the surge in infrastructural developments and activities, government support for improvisation of road infrastructure in India and China to grow industrial sector within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ready-Mix Concrete Market Share Analysis

The ready-mix concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ready-mix concrete market.

Some of the major players operating in the ready-mix concrete market are

  • Arkema (France)
  • Sika AG (Switzerland)
  • BASF SE (Germany)
  • GCP Applied Technologies Inc., (U.S.)
  • MAPEI S.p.A. (Italy)
  • Kao Corporation (Japan)
  • M&I Materials Limited (U.K)
  • Dupont (U.S.)
  • SOLVAY (Belgium)
  • W. R. Grace & Co.-Conn. (U.S.)
  • Setral Chemie GmbH (Germany)
  • Enaspol a.s (Czech Republic)
  • CAC Admixtures (India)
  • CHRYSO GROUP (France)
  • Ashland Inc (U.S.)
  • Rhein-Chemotechnik GMBH (Germany)

Research Methodology: Global Ready-Mix Concrete Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

Global Ready-Mix Concrete Market, By Type (Transit Mixed Concrete, Shrink Mixed Concrete, Central Mixed Concrete), Production (On-site, Off-site), Application (Commercial Building, Residential Building, Infrastructure, Industrial Utilities)
The major players covered in the ready-mix concrete market report are ACC Limited, Barney & Dickenson Inc, CEMEX S.A.B. de C.V., CRH, HEIDELBERGCEMENT, Dillon Bros Concrete LLC, LafargeHolcim, LIVINGSTON’S CONCRETE SERVICE, INC., Martin Marietta, RISM JOHNSON LIMITED, R. W. Sidley, Inc., U.S. Concrete, Vicat, Vulcan Materials Company, Buzzi Unicem SpA, Sika AG, EUROCEMENT group., Votorantim, Geany Softech Private Limited among other domestic and global players.
Asia-Pacific dominates the ready-mix concrete market due to the rise in infrastructural developments and activities, government support for improvisation of road infrastructure in India and China to grow industrial sector in the region.
The Ready-Mix Concrete Market value is expected USD 1427.31 billion by 2029.