Ready-Mix Concrete Market – By Production (On-Site, Off-Site), By Type (Transit Mix Concrete, Central Mix Transit, Shrink Mix Concrete), By Application (Walls, Piles, Tiles, Shotcrete, Trenches, and Others), By End-Use Industry (Residential Construction [Private, Dwellings, Apartments, Row Houses], Commercial Construction [Hospitals, Schools, Hotels, Gyms, Shopping Malls, Retails, Banks, and Others], Infrastructural Construction [Roadways, Bridges, Pavements, Highways, Tunnels, Airports, and Others], Industrial Construction [Oil Refineries, Manufacturing Plants, Chemical Processing Plants, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: CMR 97192 Report Format: PDF + Excel

Ready-Mix Concrete Market Overview:

Ready-Mix Concrete Market size is estimated to reach US$1,236.8 billion by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030. Infrastructure development and Urbanization & population growth are expected to propel the growth of Ready-Mix Concrete Market.

Ready-mix concrete market is witnessing a trend towards the adoption of advanced technologies to improve production efficiency, quality control, and sustainability. Automated batching systems, computerized monitoring, and optimization software are being increasingly utilized to enhance the accuracy of concrete mixing, reduce material wastage, and optimize resource utilization. Innovations such as self-healing concrete, which can repair cracks autonomously, and carbon capture technologies integrated into concrete production processes are gaining traction, driven by the industry's focus on sustainability and environmental responsibility. Sustainability is a prominent trend in the ready-mix concrete market, driven by environmental concerns and regulatory requirements. Manufacturers are increasingly incorporating recycled materials such as fly ash, slag, and recycled aggregates into concrete production to reduce carbon emissions and minimize the consumption of natural resources. Additionally, the development of low-carbon concrete formulations and the use of alternative binders are being explored to further reduce the environmental footprint of concrete. 

Market Snapshot: 

                                             

Ready-Mix Concrete Market - Report Coverage:

The “Ready-Mix Concrete Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Ready-Mix Concrete Market.
 

              Attribute

                             Segment

By Production

● On-Site

● Off-Site


By Type

● Transit Mix Concrete

● Central Mix Transit

● Shrink Mix Concrete



By Application

● Walls

● Piles

● Tiles

● Shotcrete

● Trenches

● Others













By End-Use Industry

● Residential Construction

  • Private

  • Dwellings

  • Apartments

  • Row Houses

● Commercial Construction

  • Hospitals

  • Schools

  • Hotels

  • Gyms

  • Shopping Malls

  • Retails

  • Banks

  • Others

● Infrastructural Construction

  • Roadways

  • Bridges

  • Pavements

  • Highways

  • Tunnels

  • Airports

  • Others

● Industrial Construction

  • Oil Refineries

  • Manufacturing Plants

  • Chemical Processing Plants

  • Others




By Geography

● North America (U.S., Canada and Mexico)

● Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe),

● Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

● South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

● Rest of the World (Middle East and Africa).


COVID-19 / Ukraine Crisis - Impact Analysis:  

● The COVID-19 pandemic significantly impacted the ready-mix concrete market globally. During the pandemic, construction activities slowed down due to lockdowns, supply chain disruptions, and labor shortages, leading to a temporary decline in market growth. However, as economies recover and governments prioritize infrastructure development to stimulate growth, the market is expected to rebound. Increased investments in residential, commercial, and industrial construction projects post-pandemic are anticipated to drive market growth.
● In Ukraine, geopolitical tensions and economic instability have had a notable impact on the ready-mix concrete market. Uncertainty surrounding political events and currency fluctuations have led to cautious investment behavior in the construction sector. Additionally, disruptions to supply chains and heightened risk perception have affected business operations. However, efforts to stabilize the economy and ongoing infrastructure projects supported by government initiatives aim to mitigate these challenges and foster market recovery and growth in the coming years. 

Key Takeaways:

● Transit-Mix Concrete Dominated the Market

According to the Ready-Mix Concrete Market analysis, transit-mix concrete is analyzed to hold a dominant market share of 45% in 2023. Transit-mix concrete, also known as truck-mixed concrete, has emerged as a dominant player in the ready-mix concrete market. This type of concrete is prepared at a central plant and then transported to the construction site in a transit mixer truck. One of the key reasons for its dominance is its widespread usage across various construction applications, including residential, commercial, industrial, and infrastructure projects. Transit-mix concrete offers several advantages that contribute to its popularity. Firstly, it provides consistent and reliable mixing of materials, ensuring uniform quality and strength in the final product. Secondly, the controlled mixing process at central plants allows for precise customization of concrete mixtures to suit specific project requirements, enhancing performance and durability. Additionally, the efficient transportation of transit-mix concrete via mixer trucks enables timely delivery to construction sites, minimizing delays and ensuring project timelines are met. Transit-mix concrete's versatility makes it suitable for a wide range of construction applications, from simple foundations to complex structures. Its ability to accommodate various additives, admixtures, and special aggregates further enhances its performance characteristics, making it a preferred choice among contractors and developers.

● Residential Construction is the fastest growing segment

In the Ready-Mix Concrete Market forecast, Residential Construction segment is estimated to grow with a CAGR of 6.9% during the forecast period. Experiencing rapid growth within the ready-mix concrete market due to several key factors. Firstly, population growth, urbanization, and rising disposable incomes are driving demand for residential properties globally. This translates to increased construction of housing units, including single-family homes, apartments, and condominiums, leading to a surge in demand for ready-mix concrete. Additionally, changing lifestyle preferences, such as a shift towards urban living and the desire for modern amenities, are further fueling residential construction projects. These developments often require durable and versatile construction materials like ready-mix concrete, which can be customized to meet specific design requirements and offer structural integrity. Subsidies, tax incentives, and favorable lending policies encourage developers to undertake residential projects, driving up the demand for ready-mix concrete. In July 2022, Holcim signed an agreement with Ol-Trans, the leader in ready-mix concrete in the Gdansk-Sopot-Gdynia area, to acquire its five concrete plants. Advancements in construction technologies and techniques are enhancing the efficiency and cost-effectiveness of residential construction projects. Ready-mix concrete, with its consistent quality, faster construction times, and reduced labor requirements, is increasingly preferred by developers and contractors aiming to meet tight project deadlines and budget constraints.

● APAC to Hold Largest Market Share

According to the Ready-Mix Concrete Market analysis, APAC region is estimated to hold the largest market share of 47% in 2023, due to rapid urbanization and industrialization across countries like China, India, and Southeast Asian nations are driving the demand for infrastructure projects, including residential and commercial construction, roads, bridges, and airports. This surge in construction activities necessitates a reliable and efficient supply of ready-mix concrete, propelling market growth. Moreover, government initiatives aimed at infrastructure development, such as China's Belt and Road Initiative and India's Smart Cities Mission, further boost the demand for ready-mix concrete in the region. These large-scale projects require high-quality construction materials, fostering the expansion of the market. A national conclave on Indian cement and ready-mix concrete industry on sustainability excellence and its vision for Net Zero CO2 excellence is scheduled in January 2024, Hyderabad, India. Additionally, technological advancements and innovations in the construction industry are enhancing the production and delivery processes of ready-mix concrete, making it more accessible and cost-effective. Furthermore, increasing environmental concerns and regulations regarding sustainable construction practices are driving the adoption of eco-friendly concrete solutions, contributing to market growth in APAC.

● Infrastructure Development

Infrastructure projects such as roads, bridges, airports, railways, and ports require large quantities of concrete for construction. Ready-mix concrete offers several advantages in such projects, including consistency in quality, efficient delivery, and reduced construction time, making it the preferred choice for infrastructure development initiatives. Ready-mix concrete is essential for constructing high-rise buildings, residential complexes, commercial centers, and other urban infrastructure projects. The versatility and reliability of ready-mix concrete make it indispensable for meeting the demands of urbanization-driven construction activities. Many governments implement infrastructure projects to stimulate economic growth, enhance transportation networks, and improve living standards. For instance, initiatives like China's Belt and Road Initiative and India's Smart Cities Mission involve massive infrastructure investments, driving significant demand for ready-mix concrete in these regions. The adoption of sustainable construction practices is influencing infrastructure development projects. Ready-mix concrete suppliers are responding to this trend by offering green concrete mixes with reduced carbon footprint and enhanced durability, contributing to sustainable infrastructure development.

● Urbanization and Population Growth

As the global population continues to grow, particularly in urban areas, the demand for infrastructure and housing increases. Urbanization leads to the development of residential complexes, commercial buildings, roads, bridges, airports, and other infrastructure projects, all of which require large quantities of concrete for construction. The migration of people from rural to urban areas, especially in emerging economies, intensifies the need for urban infrastructure development. Governments and private sector entities invest in construction projects to accommodate the rising urban population, driving the demand for ready-mix concrete. Urbanization often involves the redevelopment or renovation of existing infrastructure to meet modern standards and accommodate population growth. This redevelopment process also relies heavily on concrete as a primary construction material. Urbanization facilitates industrialization and economic growth, further stimulating construction activities. Industrial zones, manufacturing facilities, and commercial centers all contribute to the demand for ready-mix concrete for their construction and expansion. 

● Environmental Impact Challenges the Market Growth

Concrete manufacturing processes contribute to significant carbon emissions, primarily due to the production of cement, a key ingredient in concrete. Cement production is energy-intensive and releases substantial amounts of carbon dioxide (CO2) into the atmosphere, making it a major contributor to greenhouse gas emissions. Additionally, the extraction and transportation of raw materials, such as aggregates and sand, further contribute to environmental degradation and energy consumption. These environmental concerns have led to increased regulatory scrutiny and pressure on the construction industry to adopt more sustainable practices. To address this constraint, the industry is actively exploring alternative materials and technologies to reduce the carbon footprint of concrete production. Innovations such as using supplementary cementitious materials like fly ash and slag, incorporating recycled aggregates, and exploring carbon capture and utilization technologies are gaining traction. Moreover, the development of low-carbon or carbon-neutral concrete formulations aims to mitigate the environmental impact of construction activities. 
 
                                          
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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Ready-Mix Concrete Market. The top 10 companies in this industry are listed below:
  1. Holcim Limited
  2. Cemex, S.A.B. de C.V.
  3. HeidelbergCement AG
  4. Buzzi Unicem S.p.A. (FIMEDI - S.P.A.)
  5. CRH plc
  6. Sika AG
  7. Barney & Dickenson Inc.
  8. SRM Concrete
  9. Vicat SA
  10. Votorantim Cimentos

Scope of Report: 

          Report Metric

                                 Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.1%

Market Size in 2030

$1,236.8 billion

Segments Covered

Production, Type, Application, End-Use Industry



Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




Key Market Players

  1. Holcim Limited

  2. Cemex, S.A.B. de C.V.

  3. HeidelbergCement AG

  4. Buzzi Unicem S.p.A. (FIMEDI - S.P.A.)

  5. CRH plc

  6. Sika AG

  7. Barney & Dickenson Inc.

  8. SRM Concrete

  9. Vicat SA

  10. Votorantim Cimentos


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1. Ready-Mix Concrete Market - Overview
    1.1. Definitions and Scope
2. Ready-Mix Concrete Market - Executive Summary
3. Ready-Mix Concrete Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Ready-Mix Concrete Market - Start-up Companies Scenario (Premium)
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Ready-Mix Concrete Market – Market Entry Scenario Premium (Premium)
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Ready-Mix Concrete Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Ready-Mix Concrete Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Ready-Mix Concrete Market – By Production (Market Size – $Million/$Billion) 
    8.1. On-Site
    8.2. Off-Site
9. Ready-Mix Concrete Market – By Type (Market Size – $Million/$Billion) 
    9.1. Transit Mix Concrete
    9.2. Central Mix Concrete
    9.3. Shrink Mix Concrete
10. Ready-Mix Concrete Market – By Application (Market Size – $Million/$Billion) 
    10.1. Walls
    10.2. Piles
    10.3. Tiles
    10.4. Shotcrete
    10.5. Trenches
    10.6. Others
11. Ready-Mix Concrete Market – By End-Use Industry (Market Size – $Million/$Billion) 
    11.1. Residential Construction 
        11.1.1. Private
        11.1.2. Dwellings
        11.1.3. Apartments
        11.1.4. Row Houses
    11.2. Commercial Construction 
        11.2.1. Hospitals
        11.2.2. Schools
        11.2.3. Hotels
        11.2.4. Gyms
        11.2.5. Shopping Malls
        11.2.6. Retails
        11.2.7. Banks
        11.2.8. Others
    11.3. Infrastructural Construction 
        11.3.1. Roadways
        11.3.2. Bridges
        11.3.3. Pavements
        11.3.4. Highways
        11.3.5. Tunnels
        11.3.6. Airports
        11.3.7. Others
    11.4. Industrial Construction 
        11.4.1. Oil Refineries
        11.4.2. Manufacturing Plants
        11.4.3. Chemical Processing Plants
        11.4.4. Others
12. Ready-Mix Concrete Market – By Geography (Market Size – $Million/$Billion) 
    12.1. North America
        12.1.1. Canada
        12.1.2. Mexico
        12.1.3. U.S.
    12.2. South America
        12.2.1. Argentina
        12.2.2. Brazil
        12.2.3. Chile
        12.2.4. Colombia
        12.2.5. Rest of South America
    12.3. Europe
        12.3.1. France
        12.3.2. Germany
        12.3.3. Italy
        12.3.4. Netherlands
        12.3.5. Belgium
        12.3.6. Spain
        12.3.7. UK
        12.3.8. Denmark
        12.3.9. Rest of Europe
    12.4. APAC
        12.4.1. China
        12.4.2. Japan
        12.4.3. India
        12.4.4. South Korea
        12.4.5. Australia and New Zealand
        12.4.6. Indonesia
        12.4.7. Taiwan
        12.4.8. Malaysia
        12.4.9. Rest of APAC
    12.5. RoW
        12.5.1. Saudi Arabia
            12.5.1.1. UAE
            12.5.1.2. Israel
        12.5.2. South Africa
            12.5.2.1. Nigeria
            12.5.2.2. Rest of Africa
13. Ready-Mix Concrete Market – Entropy
    13.1 New product launches
    13.2 M&A’s, collaborations, JVs and partnerships 

14. Ready-Mix Concrete Market – Industry/Segment Competition Landscape (Premium)
    14.1. Market Share Analysis
        14.1.1. Market Share by Region – Key Companies
        14.1.2. Market Share by Country – Key Companies
    14.2. Competition Matrix
    14.3. Best Practices for Companies
15. Ready-Mix Concrete Market – Key Company List by Country Premium (Premium)
16. Ready-Mix Concrete Market - Company Analysis
    16.1. Holcim Limited
    16.2. Cemex, S.A.B. de C.V.
    16.3. HeidelbergCement AG
    16.4. Buzzi Unicem S.p.A. (FIMEDI - S.P.A.)
    16.5. CRH plc
    16.6. Sika AG
    16.7. Barney & Dickenson Inc.
    16.8. SRM Concrete
    16.9. Vicat SA
    16.10. Votorantim Cimentos

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The Ready-Mix Concrete Market is projected to grow at a CAGR of 6.1% during the forecast period 2024-2030.

Global Ready-Mix Concrete Market size is estimated to be $817 billion in 2023 and is projected to reach $1,236.8 billion by 2030.

The leading players in the Ready-Mix Concrete Market are Holcim Limited, Cemex, S.A.B. de C.V., HeidelbergCement AG, Buzzi Unicem S.p.A. (FIMEDI - S.P.A.), CRH plc, and Others.

Adoption of advanced technologies and focus on sustainable practices are the major trends in ready-mix concrete market.

Infrastructure development and urbanization & population growth are expected to drive the growth of ready-mix concrete market. Technological innovation and green initiatives to create growth opportunities in the market.