Ready-mix Concrete Market Size, Share & Trends Analysis Report By Application (Commercial, Residential, Infrastructure, Industrial), By Region, And Segment Forecasts, 2023 - 2030
Ready-mix Concrete Market Growth & Trends
The global ready-mix concrete market size is expected to reach USD 1,285.91 billion by 2030, expanding at a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing construction activities in commercial and infrastructure segments across the globe are expected to drive the demand for ready-mix concrete.
Commercial availability of ready-mix concrete through domestic and multinational players coupled with rising awareness regarding the product benefits in construction activities is likely to augment the growth in the estimated time. Reduced site supervision cost and labor cost are the factors driving its popularity in the construction activities.
Ready-mix concrete is considered for speedy construction of residential, commercial, industrial and infrastructural spaces. Minimized cement wastage and control in the use of raw materials for ready-mix concrete is likely to aid its demand in the market. Moreover, the pollution-free nature of the production process is anticipated to support market growth for ecofriendly constructions.
Industry players in the market are competing on the basis of product quality and services. Numerous players are focusing on providing utility services at the construction sites. In order to reduce the travel time and costly logistics, the players are setting up the production plants at construction sites.
Ready-mix Concrete Market Report Highlights
- The residential segment held the largest revenue share of 34.0% in 2022 as a result of high consumption owing to its unique properties.
- The infrastructure segment is expected to register the fastest growth at a CAGR of 6.2% over the forecast period owing to the development in road construction, dams, water conservation systems, and expansion of airports.
- Asia Pacific dominated the market and accounted for the largest revenue share of 69.7% in 2022. Rapid infrastructural development in Thailand, Singapore, India, and China is projected to support the demand for ready-mix concrete in construction operations.
- The Middle East & Africa market is anticipated to grow at a CAGR of 5.9% over the forecast period. A major development in the infrastructure segment in the Middle East and Africa, particularly in Saudi Arabia and UAE has significantly contributed to market growth.
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR’s internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. Ready-Mix Concrete Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Ready-mix Concrete Market Analysis Tools
- 3.6.1. Industry Analysis - Porter’s
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
- Chapter 5. Ready-Mix Concrete: Application Estimates & Trend Analysis
- 5.1. Ready-Mix Concrete Market: Key Takeaways
- 5.2. Ready-Mix Concrete Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Commercial
- 5.3.1. Commercial market estimates and forecasts, 2018 to 2030 (USD Billion, Million Tons)
- 5.4. Residential
- 5.4.1. Residential market estimates and forecasts, 2018 to 2030 (USD Billion, Million Tons)
- 5.5. Infrastructure
- 5.5.1. Infrastructure market estimates and forecasts, 2018 to 2030 (USD Billion, Million Tons)
- 5.6. Industrial
- 5.6.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Billion, Million Tons)
- Chapter 6. Ready-Mix Concrete Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Ready-Mix Concrete Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.3.4. Mexico
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.4. Europe
- 6.4.1. Germany
- 6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.4.2. UK
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.4.3. France
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.4.4. Italy
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.4.5. Spain
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.5. Asia Pacific
- 6.5.1. Japan
- 6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.5.4. South Korea
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.6. Central & South America
- 6.6.1. Brazil
- 6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.6.2. Argentina
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- 6.7. MEA
- 6.7.1. Saudi Arabia
- 6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Billion; Volume, Million Tons)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. ACC Limited
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Grade benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Vicat S.A.
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Grade benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. HOLCIM
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Grade benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Buzzi SpA
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Grade benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. R.W. Sidley, Inc.
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Grade benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Barney & Dickenson, Inc.
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Grade benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. Dillon Bros Ready Mix Concrete
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Grade benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Livingston's Concrete Service, Inc.
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Grade benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. CEMEX, S.A.B. de C.V.
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Grade benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. Heidelberg Materials AG
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Grade benchmarking
- 7.2.10.4. Strategic initiatives
- 7.2.11. China National Building Material Group Corporation
- 7.2.11.1. Company overview
- 7.2.11.2. Financial performance
- 7.2.11.3. Grade benchmarking
- 7.2.11.4. Strategic initiatives
- 7.2.12. U.S. Concrete, Inc.
- 7.2.12.1. Company overview
- 7.2.12.2. Financial performance
- 7.2.12.3. Grade benchmarking
- 7.2.12.4. Strategic initiatives
- 7.2.13. UltraTech Cement Ltd.
- 7.2.13.1. Company overview
- 7.2.13.2. Financial performance
- 7.2.13.3. Grade benchmarking
- 7.2.13.4. Strategic initiatives
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