India Ready-Mix Concrete Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
During the time frame of the forecast, the Indian ready-mix concrete market is expected to register a CAGR of over 9%.
The market was negatively impacted by COVID-19. In 2020, the construction industry in the country had come to a standstill due to the COVID-19 impact, and many of the construction sites were running at half their capacity. However, the sector has been recovering well since restrictions were lifted. An increase in house sales, new project launches, and increasing demand for new offices and commercial spaces have been leading the market recovery over the last two years.
Key HighlightsForeign direct investments in India are expected to grow in the future, which could be good for the market.
Key Market TrendsIncreasing Investments and Development Activities in the Infrastructure SectorThe Indian ready-mix concrete market is consolidated in nature. Some of the key players in the market (in no particular order) include UltraTech Cement Ltd, Adani Group, Prism Johnson Limited, and RDC Concrete (India) Pvt Ltd, and India Cements Ltd.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook