Ready-mix concrete refers to the accumulation of sand, water, and aggregates. The manufacturing of this mix, delivered through a transit mixer, gives accurate concrete to the construction, making it sturdy and long-lasting. According to BlueQuark Research & Consulting, the global Ready-mix concrete market is expected to grow significantly during the forecasted period. Factors such as increasing demand for ready-mix concrete in the construction industry have been growing due to a rise in demand for versatile building materials and an increase in concern toward solid construction are expected to drive the need for the Ready-mix concrete market in the forecasted period. Further, an increase in government and private investments in the infrastructure sector is expected to drive the demand for the global Ready-mix concrete market in the forecasted period. Furthermore, rising awareness of ready-mix concrete in developing economies is expected to drive the need for the global Ready-mix concrete market in the forecasted period. However, the requirement for vast sums of money to be invested initially in establishing ready-mix concrete enterprises limits the entry of new participants into the market. Another major stumbling block recently identified is the high cost of ready-mix concrete, which prevents most consumers with limited income and resources from installing these systems.
The market is growing due to the developing construction sector. Increasing incomes in both developed and emerging nations have sped up the building of homes and other structures that will result in significant concrete consumption. As a result of economic expansion, the building sector is going through enormous and unheard-of changes and is gradually moving toward ready-mixed concrete for rapid and straightforward application. Non-residential is segmented into commercial, infrastructure, and industrial/ institutional. Infrastructure development, like the construction of highways, the renovation of airports, and the establishment of dams in developing economies, in association with the increasing trend of urbanization, is one of the vital factors fueling the global market growth for Ready-Mix Concrete. Benefits such as reduced cost for labor and sight supervision coupled with easy pouring methods involved in ready-mix construction are anticipated to attract more consumers in the forecasted period. Increasing demand for single-family housing, backed by the population increase in household construction, strong economic growth, and low mortgage rates, are expected to emerge as the key factors contributing to the development of the residential construction sector. Ready-mix concrete is widely accepted for manufacturing, residential and commercial buildings, power generation, and road construction. Development in global infrastructure segments and rapid urbanization is the primary factor anticipated to drive industry growth over the projected time.
Asia-Pacific is leading the largest share market, with China and India being the primary consumers of the Ready-mix concrete market in the forecasted period. Industrial development in the Asia Pacific, coupled with favorable government policies, has attracted several manufacturers to establish their plants in the region, which is anticipated to upscale the demand for ready-mix concrete. Increasing spending in commercial construction, including shopping malls, office buildings, hotels, restaurants, institutional buildings, hospitals, medical centers, supermarkets, and departmental stores, will likely aid the market for ready-mix concrete. Commercial construction requires significant and speedy construction components, thus supporting the demand for ready-mix concrete. Government reforms to develop road infrastructure projects in China and India to flourish the industrial development in the region are anticipated to impact the industry positively. New construction related to factories and industrial centers in the area, coupled with urban development and housing growth projected to surge the demand for ready-mix concrete. The growing investment from the private sector and help from governmental organizations lead to a rise in construction opportunities. These include the construction projects of highways, bridges, railroads, urban infrastructure, real estate, power generation, commercial buildings, and others. Steady development of all the above structures leads to a high requirement for this type of concrete. The high-end investments in urbanization from developing countries such as India, China, Mexico, ad south korea from the government and private sector also support this. It is further causing exponential growth of the RMC market. The high labor benefits, such as the provision of proper equipment, reduced labor costs, and health benefits, are impacting the construction industry positively, thereby leading to high growth. Moreover, an increasing shift of industrialization from the Western regions to the Asia Pacific is directly supporting the growth of the RMC market. Urbanization has also led to the development of infrastructure facilities, which is a significant factor in the ready-mix concrete market growth. The commercial segment is the fastest owing to the increasing urbanization in several countries worldwide. It is occurring due to the establishment of many private sector companies such as shopping malls, hotels, and restaurants. Commercial construction requires quick construction, increasing the demand for this type of concrete.
Some market players are ACC Ltd, Barney & Dickenson, Inc ., CEMEX SAB de CV, CRH plc, and HEIDELBERGCEMENT AG.
In May 2022, the largest ready-mix concrete company in the Greater Baton Rouge Area of the United States, Cajun Ready-Mix Concrete, was acquired by Holcim Group. The market presence of Holcim Group in the United State will rise as a result of this strategic decision.
In May 2022, Heidelberg stated that it had purchased six ready-mixed concrete facilities and one sandpit from Kámen Zbraslav, a.s. in the Czech Republic through its Czech subsidiary, eskomoravsk Beton, a.s.
Global Ready-mix Concrete Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Ready-mix concrete Market by segmenting based on By Product Type (Transit Mixed Concrete, Shrink Mixed Concrete, Central Mixed Concrete), By Production (On-Site and Off-Site), By Application (Residential Building, Commercial Building, Industrial, And Infrastructure), and geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
North America Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United States Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Canada Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Mexico Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Europe Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United Kingdom Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Germany Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Italy Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
France Chillers Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Other Supporting Charts
Rest of Europe Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South America Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Brazil Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Argentina Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of South America Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Asia-Pacific Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
China Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
India Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Japan Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Korea Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Asia-Pacific Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Middle East & Africa Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Saudi Arabia Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Africa Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Middle-East & Africa Ready-mix concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027