Global Ready Mix Concrete Batching Plant Market 2024-2028
The ready mix concrete batching plant market is forecasted to grow by USD 109.56 mn during 2023-2028, accelerating at a CAGR of 3.99% during the forecast period. The report on the ready mix concrete batching plant 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 increase in demand for ready-mix mobile concrete batching plants, growth in number of construction activities, and preference for ready-mix concrete over traditional concrete.
Technavio's ready mix concrete batching plant market is segmented as below:
By End-user
- Residential construction
- Non-residential construction
By Type
- Dry batch concrete plant
- Wet batch concrete plant
By Geographical Landscape
- APAC
- Middle East and Africa
- Europe
- South America
- North America
This study identifies the technological advancements in batching process as one of the prime reasons driving the ready mix concrete batching plant market growth during the next few years. Also, shift towards rental and leasing of equipment and growing urbanization and population will lead to sizable demand in the market.
The report on the ready mix concrete batching plant market covers the following areas:
- Ready mix concrete batching plant market sizing
- Ready mix concrete batching plant market forecast
- Ready mix concrete batching plant 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 batching plant market vendors that include Akona Engineering Pvt. Ltd., Ammann Group, Apollo Inffratech Pvt. Ltd., CEMEX SAB de CV, ELKON, Haomei Machinery Equipment Co. Ltd., Holcim Ltd., Jayem Manufacturing Co., Jaypee India Ltd., Laxmi En Fab Pvt. Ltd., MACONS Equipments Pvt. Ltd., MEKA, ODISA CONCRETE EQUIPMENT, Oshkosh Corp., Powerol Energy Systems, SCHWING GmbH, Stephens MFG. Co., The Vince Hagan Co., Vicat, and Astec Industries Inc. Also, the ready mix concrete batching plant 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.