Ready-Mix Concrete Manufacturing in Canada - Industry Market Research Report

Ready-Mix Concrete Manufacturing in Canada - Industry Market Research Report

Ready-Mix Concrete Manufacturing in Canada

Ready-mix concrete manufacturers have enjoyed growth over the past five years. Larger manufacturers like Lafarge have expanded their market share by acquiring smaller manufacturers and strengthing their access to raw materials through strategic acquisitions. Industry-wide revenue has been growing at a CAGR of 1.0% over the past five years and is expected to total $6.4 billion in 2023, when revenue is projected to dip an estimated 2.3% as residential construction activity slows and profit climbs to 5.4%.

The Ready-Mix Concrete Manufacturing industry in Canada manufactures wet batch concrete, in a facility or in transit, and delivers it to construction sites in a plastic and unhardened state. The batches are ready for mixing and pouring, although this is undertaken by purchasers, not by manufacturers. The production of dry batch concrete is excluded from industry operations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."