Global Ready-Mix Concrete Market 2024-2028
The ready-mix concrete market is forecasted to grow by USD 210.44 bn during 2023-2028, accelerating at a CAGR of 5.17% during the forecast period. The report on the ready-mix concrete market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing construction market, high preference for ready-mix concrete, and rising demand for ready-mix concrete for non-residential application.
Technavio's ready-mix concrete market is segmented as below:
By Type
- Transit mix concrete
- Central mix
- shrink mix concrete
By Application
- Non-residential
- Residential
By Geography
- APAC
- Middle East and Africa
- Europe
- North America
- South America
This study identifies the rapid urbanization and rising disposable income as one of the prime reasons driving the ready-mix concrete market growth during the next few years. Also, growing popularity of geopolymer cement concrete and growing focus on environmental sustainability will lead to sizable demand in the market.
The report on the ready-mix concrete market covers the following areas:
- Ready-mix concrete market sizing
- Ready-mix concrete market forecast
- Ready-mix concrete market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ready-mix concrete market vendors that include ACC Ltd., Aditya Birla Management Corp. Pvt. Ltd., Aparna Enterprises Ltd., CEMEX SAB de CV, Concrete India RMC, EUROCEMENT Group, Heidelberg Materials AG, Holcim Ltd., JK Lakshmi Cement Ltd., JSW STEEL Ltd., Sai RMC India, Skyway RMC Plants Pvt. Ltd., The India Cements Ltd., Vicat, Votorantim SA, Godrej and Boyce Manufacturing Co. Ltd., Nuvoco Vistas Corp. Ltd., Prism Johnson Ltd., RDC Concrete India Pvt. Ltd., and The Ramco Cements Ltd.. Also, the ready-mix concrete market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.