Ready-Mix Concrete

Ready-Mix Concrete

Global Ready-Mix Concrete Market to Reach US$774.5 Billion by 2030

The global market for Ready-Mix Concrete estimated at US$450.7 Billion in the year 2023, is expected to reach US$774.5 Billion by 2030, growing at a CAGR of 8.0% over the analysis period 2023-2030. Transit Mix, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$419.1 Billion by the end of the analysis period. Growth in the Central Mix segment is estimated at 9.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$54.1 Billion While China is Forecast to Grow at 9.1% CAGR

The Ready-Mix Concrete market in the U.S. is estimated at US$54.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$312.6 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.9% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Ready-Mix Concrete Market - Key Trends and Drivers Summarized

Ready-mix concrete (RMC) is a type of concrete that is manufactured in a factory or batching plant according to a set recipe, and then delivered to a work site by truck mounted with mixers. This results in a precise mixture, allowing specialty concrete mixtures to be developed and implemented on construction sites. The key benefit of RMC is that it minimizes the need for onsite labor and reduces the handling of raw materials at the site, thereby leading to a significant reduction in material waste, time, and overall project costs. RMC is typically used in construction projects where there is a need for high-quality concrete with properties that can be controlled and manipulated depending on the unique requirements of the project.

The application of RMC has become increasingly popular in both residential and commercial construction. It offers enhanced durability and sustainability compared to site-mixed concrete. Industries such as civil infrastructure, power, and real estate, which demand stringent standards for quality and durability, rely heavily on RMC. Additionally, as urbanization continues to increase, the demand for new construction projects within cities has prompted the need for timely and efficient methods of concrete delivery. RMC plants are strategically located in proximity to areas with high demand, which reduces transportation costs and potential delays that can be caused by traffic congestions in urban settings. This logistical advantage makes RMC a preferred choice for many developers and contractors in fast-paced construction environments.

The growth in the ready-mix concrete market is driven by several factors. Firstly, technological advancements in mixing and setting practices have improved the performance characteristics of the concrete, such as strength, durability, and resistance to weather and chemical attacks, enhancing its attractiveness for critical infrastructure. Increasing investment in large-scale industrial projects and residential housing complexes in emerging economies is also propelling the demand for RMC. Another significant factor is environmental concerns; RMC production is often more efficient and generates less waste than traditional concrete mixing, supporting sustainable construction practices. Additionally, regulatory policies advocating for the reduction of environmental impact and encouraging modern construction practices have led to a greater reliance on ready-mix solutions. The market is further bolstered by the growing complexity of modern architectural designs, which require highly consistent concrete mixes that often can only be provided by ready-mix techniques. As urbanization expands and the push towards sustainable yet resilient construction continues, the ready-mix concrete market is expected to maintain steady growth, driven by both sectoral demands and infrastructural developments.

Select Competitors (Total 301 Featured) -

• Boral Ltd.
• Aggregate Industries Ltd.
• ACC Ltd.
• Astec Industries, Inc.
• Beton Provincial Ltee
• Burnco Rock Products Ltd.
• AB Sydsten
• Arabian Cement Company
• Ammann Group
• Angelle Materials
• Berger Holding GmbH
• Bonded Concrete, Inc.
• Boston Sand & Gravel Company
• Brannan Sand & Gravel Company
• Breedon Group PLC

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