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Report Highlights
According to a research survey conducted by ChemView Consulting, in 2022, Ready Mix Concrete Market was worth US$ 865.10 Bn. The market is expected to grow at a CAGR of 4.50% between 2023 and 2033 to hit US$ 1,343.47 Bn by 2033 end.
Key Market Trends
The Building Blocks of a Better Tomorrow
Ready mix concrete is the foundation for a better tomorrow, providing strong and durable building materials for construction projects of all sizes. Customers are increasingly seeking tailor-made solutions to meet their specific construction needs. As a result, RMC manufacturers are likely to offer more customization options to attract customers and differentiate themselves from competitors.
The Key to Faster, More Efficient Construction
Ready mix concrete is the solution for faster and more efficient construction, providing ready-to-use concrete on demand with improved quality control. The use of digital technologies, such as automation and artificial intelligence, is expected to transform the RMC industry. Digitalization can improve the efficiency of production, reduce waste, and enhance the accuracy of quality control.
The Path to a Greener, Sustainable Future
Ready mix concrete is the path to a greener and more sustainable future, with its eco-friendly properties and reduced carbon footprint. With increasing awareness about the environmental impact of construction materials, there is a growing demand for sustainable and eco-friendly concrete. This has led to the development of new types of concrete that use recycled materials, produce less carbon dioxide, and have a longer lifespan.
Innovation in Delivery
The delivery process of RMC is expected to become more efficient and environmentally friendly with the use of electric and hybrid vehicles. Additionally, the use of drones and other autonomous delivery systems may become more widespread.
Market Drivers
Construction Boom: Ready Mix Concrete Streamlining Infrastructure and Building Projects
The growing demand for residential, commercial, and infrastructure projects worldwide has driven the ready mix concrete market. Ready mix concrete offers several benefits, including reduced construction time, improved quality control, and reduced labour and material wastage, making it an efficient and cost-effective solution for various construction needs.
With growing urbanization and infrastructure development in emerging economies, the demand for RMC is expected to rise in these regions. This may lead to new market opportunities for RMC manufacturers and suppliers.
Sustainable Construction Practices: Ready Mix Concrete Supporting Green Building Initiatives
The increasing focus on sustainable construction and green building practices has fuelled the demand for ready mix concrete. It enables efficient resource utilization, minimizes on-site environmental impact, and contributes to sustainable construction goals by reducing waste, energy consumption, and greenhouse gas emissions associated with traditional concrete mixing methods.
Segmentation Insights
Most Popular (Fastest Growth Rate)
Residential Building (Transit Mixed Concrete)
Transit Mixed Concrete has emerged as the most popular choice in the Ready Mix Concrete Market for Residential Building applications. This type of concrete is mixed in a truck on the way to the construction site, ensuring that the mix is fresh and consistent. The high-quality and consistent properties of transit mixed concrete make it the preferred choice for consumers seeking efficient and reliable solutions for residential construction projects.
Most Selling (Largest Market Share)
Commercial Building (Central Mixed Concrete)
Central Mixed Concrete is the most selling product in the Ready Mix Concrete Market for Commercial Building applications. This type of concrete is mixed in a stationary mixer at a central location, ensuring that the mix is consistent and of high quality. The high-quality and consistent properties of central mixed concrete make it the go-to choice for consumers seeking reliable and effective solutions for commercial construction projects.
Trending (Gaining Traction)
Infrastructure (Shrink Mixed Concrete)
Shrink Mixed Concrete is gaining significant traction in the Ready Mix Concrete Market for Infrastructure applications. This type of concrete is partially mixed at a central plant and then transported to the construction site, where it is mixed further with water. The high strength and durability of shrink mixed concrete make it the trending choice for consumers seeking a reliable and effective solution for infrastructure projects.
Regional Insights
North America: A Mature Market with High Demand in Construction and Infrastructure
The North American ready mix concrete market is a mature market with high demand in construction and infrastructure projects, including residential, commercial, and industrial buildings, as well as highways and bridges. The established manufacturing capabilities and distribution networks in the region make North America an attractive market for ready mix concrete manufacturers and investors.
Furthermore, government initiatives promoting sustainable infrastructure development are expected to fuel the growth of the RMC market. For instance, the U.S. Department of Transportation’s Build America Bureau offers funding for infrastructure projects that use innovative materials and technologies, including RMC.
Asia-Pacific: A Developing Market with Potential in Construction and Infrastructure
The Asia-Pacific market, including countries like China, India, and Japan, is a developing market with potential in construction and infrastructure projects. The increasing urbanization and expanding population in the region are driving the demand for better infrastructure, making Asia-Pacific an attractive market for ready mix concrete manufacturers and investors.
In addition, government initiatives aimed at improving infrastructure and housing in the region are also driving demand for ready mix concrete. For example, the Indian government’s “Housing for All” initiative aims to provide affordable housing to all citizens by 2022, which is expected to boost demand for ready mix concrete.
Furthermore, the increasing adoption of sustainable construction practices is also expected to drive the growth of the ready mix concrete market in the region. Ready mix concrete is a sustainable construction material as it reduces the amount of cement used and minimizes waste.
Research Scope/Taxonomy
Market Analysis by Production:
Market Analysis by Product Type:
Market analysis by Region:
Key Companies Profiled
1. Executive Summary
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definitions
3. Research Methodology
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4. Key Emerging Trends Analysis
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5. Global Ready Mix Concrete Market Value (US$ Mn) and Volume (Tons) Analysis
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6. Global Ready Mix Concrete Market Pricing Analysis
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7. Cross-Sectional Analysis
7.1. Cross Analysis of Product Type W.R.T. Production
8. Supply Vs. Demand Analysis
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9. Market Background
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10. Global Ready Mix Concrete Market 2017 – 2032 By Production
10.1. Introduction
10.2. Key Market Trends
10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Production [Value (US$ Mn) and Volume (Tons) Analysis]
10.3.1. On-Site
10.3.2. Off –Site
10.4. Market Attractiveness Analysis by Production
11. Global Ready Mix Concrete Market 2017 – 2032 by Product Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Residential
11.2.2. Non-Residential
11.2.3. Infrastructural
11.2.4. Commercial
11.2.5. Industrial
11.3. Market Attractiveness Analysis by Product Type
12. Global Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
12.1. Introduction
12.2. Key Market Trends
12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia-Pacific
12.3.5. Middle East
12.3.6. Africa
12.4. Market Attractiveness Analysis by Region
13. North America Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Storage System
13.3.3. By Element
13.3.4. By Production
13.3.5. By Product Type
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Production
13.4.3. By Product Type
14. Latin America Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Production
14.3.3. By Product Type
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Production
14.4.3. By Product Type
15. Europe Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. UK
15.3.1.5. Spain
15.3.1.6. Netherlands
15.3.1.7. Norway
15.3.1.8. Russia
15.3.1.9. Rest of Europe
15.3.2. By Production
15.3.3. By Product Type
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Production
15.4.3. By Product Type
16. Asia-Pacific Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.1.4. India
16.3.1.5. Indonesia
16.3.1.6. Thailand
16.3.1.7. Vietnam
16.3.1.8. Australia & New Zealand
16.3.1.9. Rest of Asia-Pacific
16.3.2. By Production
16.3.3. By Product Type
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Production
16.4.3. By Product Type
16.4.4. By Product Type
17. Middle East Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
17.1. Introduction
17.2. Key Market Trends
17.3. Pricing Analysis
17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.4.1. By Country
17.4.1.1. Saudi Arabia
17.4.1.2. Turkey
17.4.1.3. U.A.E.
17.4.1.4. Rest of the Middle East
17.4.2. By Production
17.4.3. By Product Type
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Production
17.5.3. By Product Type
18. Africa Ready Mix Concrete Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. South Africa
18.4.1.2. Nigeria
18.4.1.3. Egypt
18.4.1.4. Rest of Africa
18.4.2. By Production
18.4.3. By Product Type
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Production
18.5.3. By Product Type
19. Competition Analysis
19.1. Tier Structure Breakdown
19.2. Market Share Analysis
19.3. Production Capacity Analysis
19.4. Company Footprint Analysis
19.4.1. Product Footprint of Players
19.4.2. Regional Footprint of Players
19.4.3. Channel Footprint of Players
19.5. Brand Preference Analysis
19.6. Competition Dashboard
20. Company Profiles
20.1. CEMEX S.A.B. de C.V.
20.1.1. Company Overview
20.1.2. Product & Financial Portfolio
20.1.3. Manufacturing Facilities
20.1.4. Recent Developments
20.1.5. SWOT Analysis
20.1.6. Strategy Overview
20.2. Vicat SA
20.3. Ultra Tech Cement Limited
20.4. Lafarge
20.5. ACC Limited
20.6. Barney & Dickenson, Inc.
20.7. SIKA Group
20.8. Heidelberg Cement
20.9. Holcim Ltd.
20.10. Italcementi Group
21. Assumptions and Acronyms
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