Ready Mix Concrete Market in India 2022-2026
Technavio has been monitoring the ready mix concrete market in India and it is poised to grow by $ 1.47 bn during 2022-2026, progressing at a CAGR of 6.15% during the forecast period. Our report on the ready mix concrete market in India 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, latest trends and drivers, and the overall market environment. The market is driven by the high preference for ready mix concrete and increasing demand for ready mix concrete in non-residential applications. In addition, the high preference for ready mix concrete is anticipated to boost the growth of the market as well.
The ready mix concrete market in India analysis includes product and application segments.
Technavio's ready mix concrete market in India is segmented as below:
By Product
- Transit mixed concrete
- Shrink mixed concrete
By Application
- Non-residential
- Residential
This study identifies the growth of construction sectoras one of the prime reasons driving the ready mix concrete market growth in India during the next few years.
Technavio 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. Our report on ready mix concrete market in India covers the following areas:
- Ready mix concrete market sizing
- Ready mix concrete market forecast
- Ready mix concrete market industry analysis
Technavio's 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 in India that include ACC Ltd., Godrej and Boyce Manufacturing Co. Ltd., India Cements Ltd., JK Lakshmi Cement Ltd., JSW Cement Ltd., Nuvoco Vistas Corp. Ltd., Prism Johnson Ltd., RDC Concrete (India) Pvt. Ltd., The Ramco Cements Ltd., and UltraTech Cement Ltd. Also, the ready mix concrete market in India 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.
Technavio 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. Technavio's 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.
Companies MentionedACC Ltd., Godrej and Boyce Manufacturing Co. Ltd., India Cements Ltd., JK Lakshmi Cement Ltd., JSW Cement Ltd., Nuvoco Vistas Corp. Ltd., Prism Johnson Ltd., RDC Concrete (India) Pvt. Ltd., The Ramco Cements Ltd., UltraTech Cement Ltd.