Global Ready-Mix Concrete Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Ready-Mix Concrete Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Ready-Mix Concrete market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global ready-mix concrete market size was estimated at USD 656.1 billion in 2019 and is expected to witness a revenue-based CAGR of 7.9% from 2020 to 2027. Increasing demand for speedy construction activities for residential, commercial, industrial, and infrastructure segment is expected to drive the market for ready-mix concrete (RMC).

Benefits such as reduced cost for labor and sight supervision coupled with easy pouring methods involved in ready-mix construction anticipated to attract more consumers in the coming period. Increasing investments in the construction industry in economies of Mexico, China, India, Singapore, and South Korea are expected to support the demand.

In U.S., the demand for ready-mix concrete is anticipated to witness an ascending trend owing to the high potential in the residential construction segment. Increasing demand for single-family housing backed with the population increase in household construction, strong economic growth, and low mortgage rates are expected to emerge as the key factors contributing to the growth of the residential construction sector. This, in turn, is influencing the market for ready-mix concrete.

The ready-mix concrete is widely being accepted for the construction of manufacturing facilities, residential and commercial buildings, power generation facilities, and road construction. Development in infrastructure segments across the globe coupled with rapid urbanization is the primary factor anticipated to drive industry growth over the projected time.

The product is widely being used as a substitute for traditional concrete on account of greater convenience, ease of use, and enhanced quality. Moreover, low inventory cost, wastage reduction and efficient utilization are likely to lower the overall project cost. Thus, is likely to impact the demand on positive note.

The ready mix concrete needs specialized vehicles that transport the concrete from mixing plant to the construction site, thus, impose higher transportation cost. However, the installation of mixing plants at the construction site can reduce the transportation cost as well as the total time taken for the construction process.

Increasing investments across the globe in light of urban development, government infrastructure plans and growing population that demands residential and commercial structures are likely to raise market growth. Indian governments’ plan to invest heavily in infrastructural development for 100 smart cities anticipated to create growth opportunities for the ready-mix concrete market

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Ready-Mix Concrete market are included as given below:

The market for ready-mix concrete is competitive in nature on account of the presence of a large number of domestic and international players operating across the globe. Major players have set up their businesses in the emerging economies of China, India, and U.S. Key players in the industry include CEMEX S.A.B. de C.V.; ACC Ltd.; Barney and Dickenson, Inc.; UltraTech Cement; Buzzi Unicem S.p.A.; Vicat S.A.; Lafarge, R.W.; Sidley, Inc., and Holcim Ltd.

Prominent players in the RMC market are focusing on providing enhanced services to the consumers for gaining a competitive edge. Several players are focusing on establishing the ready-mix concrete plant at the construction site in order to save on transportation cost and operational time.

The global Ready-Mix Concrete market has been segmented as below:

• Application 

  • Commercial Building

  • Residential Building

  • Infrastructure

  • Industrial Utilities

• Global Ready-Mix Concrete Market by Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Ready-Mix Concrete development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects