Ready Mix Concrete Global Market Report 2024

“Ready Mix Concrete Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ready mix concrete market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for ready mix concrete? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ready mix concrete market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Transit Mix Concrete; Central Mix Concrete; Shrink Mix Concrete
• 2) By Mixer Type: Volumetric; Barrel Truck Or In-Transit Mixer
• 3) By Delivery Model: On-Site; Off-Site
• 4) By Application: Commercial; Residential; Infrastructure; Industrial Utilities
• Companies Mentioned: Holcim Group; Heidelberg Cement AG; CEMEX S.A.B. de C.V; UltraTech Cement Ltd.; Vulcan Materials Co.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Ready-mix concrete is a pre-made mixture of cement, aggregates, water and additives delivered to construction sites for immediate use in various building projects. The use of ready-mixed concrete ensures consistent quality and eliminates the need for on-site mixing, making it an efficient choice for construction projects of all sizes.

The main types of ready-mix concrete are transit mix concrete, central mix concrete and shrink mix concrete. Transit mix concrete is a type of concrete mixture that is pre-mixed in a central plant and transported to the construction site in specially designed trucks. The types of mixtures involved are volumetric and barrel truck or in-transit mixer. These can be delivered through on-site and off-site delivery models for several applications, including commercial, residential, infrastructure and industrial utilities.

The ready mix concrete market research report is one of a series of new reports from The Business Research Company that provides ready mix concrete market statistics, including ready mix concrete industry global market size, regional shares, competitors with a ready mix concrete market share, detailed ready mix concrete market segments, market trends and opportunities and any further data you may need to thrive in the ready mix concrete industry. This ready mix concrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ready mix concrete market size has grown strongly in recent years. It will grow from $804.58 billion in 2023 to $874.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing population, rise in residential construction, growing demand for high-performance concrete, increasing use of recycled materials.

The ready mix concrete market size is expected to see strong growth in the next few years. It will grow to $1162.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for sustainable and eco-friendly construction materials, growing demand for self-consolidating concrete, increasing government investments, growing awareness of the benefits of ready-mix concrete, growing demand for customized concrete. Major trends in the forecast period include advancements in technology and automation.

The ready-mix concrete market is poised for growth, primarily fueled by the surging demand for infrastructure maintenance and repairs. Infrastructure maintenance and repairs encompass a range of activities focused on the upkeep, construction, or restoration of various infrastructure elements, including irrigation systems, roads, pathways, buildings, fences, and walls, among others. Ready-mix concrete plays a pivotal role in sustaining and rejuvenating infrastructure by addressing issues such as repairing and renovating buildings, roads, and bridges. It is frequently employed for tasks like repairing cracked concrete structures, filling potholes, and restoring damaged concrete surfaces. For instance, as of February 2023, data from the UK Department for Business, Energy, and Industrial Strategy revealed a 0.3% increase in quarterly construction production in the UK during the fourth quarter of 2022, compared to the preceding quarter. This growth was observed in both new construction work (0.4%) and repair and maintenance activities (0.1%). Moreover, in 2022, the annual production of construction registered a notable 5.6% increase compared to 2021. Consequently, the escalating demand for infrastructure maintenance and repairs is a significant driver behind the expansion of the ready-mix concrete market.

Increasing investments in infrastructure are poised to drive the future growth of the ready-mix concrete market. Infrastructure investments involve the allocation of financial resources toward the development, enhancement, and maintenance of critical physical structures and systems that underpin economic activities. Ready-mix concrete is a pivotal component in infrastructure development, finding applications in the construction of roads, bridges, tunnels, buildings, various infrastructure projects, and more. For example, in 2022, data from USA Facts, a US-based non-profit organization and data-oriented website, revealed that the federal government allocated $36.6 billion for infrastructure spending and transferred an additional $94.5 billion to states. This initiative included $550 billion in new spending to revamp transportation systems, provide high-speed internet access, address environmental concerns, and rebuild critical infrastructure like roads, bridges, and airports. Consequently, the growing investments in infrastructure are propelling the expansion of the ready-mix concrete market.

The lack of adequate setup space in proximity to the construction site has the potential to significantly impede the growth of the ready-mix concrete market. Ready-mix concrete necessitates a designated area for proper material mixing, and if such space is unavailable near the construction site, it may require the transportation of the mixture. This transportation can result in delays caused by traffic, and the concrete may settle or lose its workability. For example, as of June 2022, information from the Arizona Department of Transportation, a state government agency in the United States, indicates that ready-mix concrete has a limited working life of 90 minutes from the batching process. After this timeframe, the mixture begins to lose its workability and strength, making it challenging to place and finish the concrete. Hence, the absence of setup space near the construction site acts as a hindrance to the growth of the ready-mix concrete market.

Leading companies in the ready-mix concrete market are actively engaged in the development of innovative products, such as pre-blended mixtures, to maintain their competitive standing. A pre-blended mixture comprises a combination of multiple elements that have been pre-mixed to form a single, integrated ingredient. For instance, in March 2023, ACC Limited, a prominent Indian manufacturer of cement and ready-mixed concrete, introduced Bagcrete, an inventive concrete solution consisting of a pre-blended mixture of cement, sand, and aggregates. Bagcrete has been engineered with a focus on delivering compressive strength ranging from 10 MPa to 80 MPa, retaining workability, and offering convenience in application. This unique concrete solution enhances productivity by being conveniently packaged in bags, making it particularly suitable for remote construction sites and maintenance projects. ACC Bagcrete is available in two variants such as dry-mix, which is pre-blended concrete requiring only the addition of water for immediate use, and wet-mix, a ready-to-use concrete blend that eliminates the need for further mixing before application.

In May 2022, Holcim Ltd., a Swiss building material manufacturing company, completed the acquisition of Cajun Ready Mix Concrete LLC for an undisclosed sum. This strategic move by Holcim is geared towards expanding its presence and distribution network across North America. Cajun Ready Mix Concrete LLC, based in the United States, is a manufacturing company that provides various services and building materials, including cement and ready-mix concrete.

Major players in the ready mix concrete market are Holcim Group, Heidelberg Cement AG, CEMEX S.A.B. de C.V, UltraTech Cement Ltd., Vulcan Materials Co., Martin Marietta Materials Inc., CRH PLC, Cementir Holding NV, Argos SA, Titan America LLC, Thomas Concrete Group, Buzzi Unicem SpA, Ash Grove Cement Company, Irving Materials Inc., R.W. Sidley Inc., CalPortland Company, Prairie Material, Ozinga Bros Inc., BuzziUnicem S.p.A, Chaney Enterprises LP, St. Marys Cement Group, Maschmeyer Concrete Company, Don Chapin Co., Norwalk Concrete Industries Inc., Leesburg Concrete Company .

Asia-Pacific was the largest region in the ready-mix concrete market in 2023. The regions covered in ready mixed concrete report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the ready mixed concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ready mixed concrete market consists of sales of standard ready-mix concrete, decorative or architectural ready-mix concrete, rapid-setting ready-mix concrete, high-strength concrete mix and fast-setting concrete mix. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.