Europe Ready-Mix Concrete Market Research Report Forecast to 2027
Market Overview
The demand for ready-mix concrete is growing significantly in the European market owing to the growth of the construction industry and rising awareness about the benefits of ready-mix concrete.
The Europe ready-mix concrete market is projected to grow at 4.0% CAGR during the forecast period, 2021–2027. In 2020, the Europe ready-mix concrete market was dominated by Germany with a 25.7% share, followed by France and the UK with shares of 17.7% and 11.4%, respectively.
Ready-mix concrete is concrete that is manufactured in a batch plant, according to each specific job requirement. It is then delivered to the job site ""ready to use"" in construction and renovation applications. The Europe ready-mix concrete market is rapidly growing due to the growing construction industry and rising awareness about the benefits of ready-mix concrete. However, the market's growth is likely to be hampered by the fluctuating cost of construction materials. On the other hand, the adoption of ready-mix concrete in green construction for sustainable development is expected to present a growth opportunity for the market players.
Market Segmentation
The Europe ready-mix concrete market has been segmented based on product, production, application, and country. Based on product, the Europe ready-mix concrete market has been segmented into transit mixed concrete, shrink mixed concrete and central mixed concrete. The transit mixed concrete segment is expected to grow at 4.4% during the forecast period. In 2020, the transit mixed concrete segment held a share of 49% of the Europe ready-mix concrete market.
Based on production, the Europe ready-mix concrete market has been segmented into on-site and off-site. The on-site segment is expected to grow at 4.3% during the forecast period. In 2020, the on-site segment held a 58.8% share of the Europe ready-mix concrete market.
Based on application, the Europe ready-mix concrete market has been segmented into residential, commercial, industrial, and infrastructure. The industrial segment is expected to grow at 3.3% during the forecast period. In 2020, the industrial segment held a 36.8% share of the Europe ready-mix concrete market.
Regional Analysis
Based on region, the report on the Europe ready-mix concrete market has been segmented into Germany, the UK, Italy, Spain, France, Belgium, and the Rest of Europe.
Germany is Europe’s leading construction market and home to the continent’s largest building supply. The continuous boom in German construction investment is largely expected to increase the demand for ready-mix concrete in the foreseeable future. In 2020, the transit mixed concrete segment accounted for the largest share 2020 with a market value of USD 1,630.2 million on the basis of Products, in the UK ready-mix concrete market.
In 2020, the transit mixed concrete segment accounted for the largest share 2020 with a market value of USD 1,630.2 million based on Products, in the UK ready-mix concrete market.
Major Players
VICAT, LafargeHolcim Ltd, Buzzi Unicem, CEMEX S.A.B. de C.V., HEIDELBERGCEMENT AG, FLSmidth are some of the key players operating in the market.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
VICAT
LafargeHolcim Ltd
Buzzi Unicem
CEMEX S.A.B. de C.V.
HEIDELBERGCEMENT AG
FLSmidth
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