Ready-Mix Concrete Manufacturing in the US - Industry Market Research Report

Ready-Mix Concrete Manufacturing in the US - Industry Market Research Report

Ready-Mix Concrete Manufacturing in the US

This industry's performance relies on activity in residential, commercial and infrastructure construction markets. Over the past five years, the value of residential construction has grown due to low housing stock and low mortgage rates. Conversely, the value of private nonresidential construction has declined, mainly because of COVID-19. Meanwhile, spending on US infrastructure has increased in the second half of the current period. IBISWorld estimates that over the past five years, ready-mix concrete manufacturing revenue has grown at a CAGR of 0.1% to $39.1 billion, including an expected decline of 2.8% in 2023 alone. Profit is estimate to represent 5.4% of revenue in 2023.

This industry manufactures concrete and delivers it in a plastic and unhardened state to purchasers, such as contractors, who then mix and pour the concrete at construction sites. This industry does not engage in mixing and pouring operations. It also does not manufacture dry concrete.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.