Global Ready Mix Concrete
Market Report
2024
Global Ready Mix Concrete market size was USD 741.21 Billion in 2022 and it is forecasted to reach USD 1,351.34 Billion by 2030. Ready Mix Concrete Industry's Compound Annual Growth Rate will be 7.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Ready Mix Concrete market size was USD 741.21 Billion in 2022 and it is forecasted to reach USD 1,351.34 Billion by 2030. Ready Mix Concrete Industry's Compound Annual Growth Rate will be 7.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ready Mix Concrete Market Sales Revenue 2020 | $ 741.21 Billion |
Global Ready Mix Concrete Market Sales Revenue 2030 | $ 1351.34 Billion |
Global Ready Mix Concrete Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.8% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ready Mix Concrete Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ready Mix Concrete (RMC) is a type of concrete that is manufactured in a batch plant according to a set recipe and then delivered to a construction site in a ready-to-use form. A mixture of cement, aggregates like sand and gravel, water, and occasionally extra components like fly ash, admixtures, or fibers are included in the formula for RMC, depending on the particular needs of the project. After the RMC has been mixed in the batch facility, it is delivered to the building site using trucks that have rotating drums that keep the concrete stirred until it is needed. The RMC is unloaded from the truck at the construction site and placed into forms or directly onto the surface to be built, where it can be finished to the appropriate texture and look.
The main drivers of the global ready-mix concrete market are the expanding construction sector, the rising need for quick construction, and investments by different countries governments in the construction sector. According to, India Brand Equity Foundation, the government of India allocated Rs. 134,015 crores (US$ 17.24 billion) to the National Highways Authority of India (NHAI). In addition, it announced Rs. 76,549 crores (US$ 9.85 billion) to the Ministry of Housing and Urban Affairs.
Furthermore, it is anticipated that rapid population growth will have a significant impact on the rise in demand for housing, employment, food, other infrastructure, and social services, which will create significant opportunities for the market during the forecast period. The market's expansion, however, may be hampered by changes in the price of raw materials.
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UltraTech Cement announced that it would acquire India Cements’ Pawai limestone mine (October 2022)
UltraTech Cement and India Cements are poised to conclude a deal for the acquisition of the latter’s 185ha Pawai limestone mine in Panna, Madhya Pradesh, by Mumbai-based UltraTech Cement. Marketline News has reported that the Aditya Birla subsidiary expects to pay US$98m for the asset.
Top Companies Market Share in Ready Mix Concrete Industry: (In no particular order of Rank)
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Geographically, the APAC region is the dominating market for the global ready-mix concrete market, owing to the presence of major producer countries like China, & India. In addition, factors such as increasing government investments in developing infrastructure, growing industrialization, changing lifestyles, and growing spending capacity, and others are propelling the growth of the market in this region.
On the other hand, North America is estimated as the second largest market for the ready-mix concrete market. Due to the significant potential in the residential construction sector, it is projected that ready-mix concrete consumption would increase in the United States. The main drivers of the expansion of the residential building industry are anticipated to be rising demand for single-family homes supported by rising household construction due to population growth, robust economic growth, and low mortgage rates.
The current report Scope analyzes Ready Mix Concrete Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Ready Mix Concrete Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ready Mix Concrete Industry growth. Ready Mix Concrete market has been segmented with the help of its Type, Application , and others. Ready Mix Concrete market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Ready Mix Concrete market.
Type of Ready Mix Concrete analyzed in this report are as follows:
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The commercial segment is the largest contributor to the global ready-mix concrete market. This is a result of the expansion of private sector businesses like malls and restaurants as well as the global urbanization trend. Furthermore, the residential sector has the second-largest market share due to the rising demand for housing as a result of population growth in several nations, including China, India, and others.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ready Mix Concrete Market is witnessing significant growth in the near future.
In 2023, the Shrink Mixed Concrete segment accounted for noticeable share of global Ready Mix Concrete Market and is projected to experience significant growth in the near future.
The Commercial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cemex, Sika Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
According to Cognitive Market Research, it is valued at USD 925124.2 million in 2023; the market is projected to grow at a CAGR of 20.5%, reaching USD 1496911.6 million by 2032.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | Shrink Mixed Concrete, Hybrid Riser, Transit Mixed Concrete, Central Mixed Concrete, Others |
Application | Commercial, Non-residential, Residential, Industrial, Others |
List of Competitors | Cemex, Holcim, Sika Corporation, Saint Gobain, Henkel, HeidelbergCement, Lafarge, CRH PLC, Buzzi Unicem, Italcementi, Cimpor, Votorantim, US Concrete |
This chapter will help you gain GLOBAL Market Analysis of Ready Mix Concrete. Further deep in this chapter, you will be able to review Global Ready Mix Concrete Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ready Mix Concrete market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Shrink Mixed Concrete have a significant impact on Ready Mix Concrete market? |
What are the key factors affecting the Shrink Mixed Concrete and Hybrid Riser of Ready Mix Concrete Market? |
What is the CAGR/Growth Rate of Commercial during the forecast period? |
By type, which segment accounted for largest share of the global Ready Mix Concrete Market? |
Which region is expected to dominate the global Ready Mix Concrete Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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