Yahoo Finance The Worldwide Ready-Mix Concrete Industry is Expected to Reach $704 Billion by 2030
Global Ready-Mix Concrete Market
Dublin, Sept. 28, 2022 (GLOBE NEWSWIRE) -- The "Ready-Mix Concrete Market By Type, By Application, By Mixer Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global ready-mix concrete market was valued at $447,981.1 million in 2020, and is projected to reach $704,243.8 million by 2030, registering a CAGR of 4.5% from 2021 to 2030.
The proportions of water, additives, aggregates, and cement in ready-mixed concrete (RMC) are predetermined. Each of these materials is combined in quantities according to the standard code to produce necessary durability and strength. Precast concrete is more popular than conventional concrete owing to its convenience, simplicity of use, and quality. Ready-mixed concrete is mainly engaged in the construction of residential and commercial structures, as well as manufacturing and transportation facilities.
Growing demand for diverse building materials and rise in interest in durable construction increases the demand for ready-mixed concrete in the construction sector. Growing population's expansion and urbanization are also predicted to have a significant influence on the rise in housing, employment, energy, food, clean water, transit infrastructure, and social services demands. As a result, construction businesses are preferring environmentally friendly, low-cost houses and buildings, to assure the highest standards and quality product that precast concrete provide.
Ready-mix concrete, on the other hand, needs a setup to ensure that the materials are mixed in the proper proportions. In that instance, the corporation may be forced to transfer the mixture owing to lack of setup space near the building site. The concrete may settle or lose its workability, which is likely to stymie the ready-mix concrete market's growth as the mixture has a short shelf life of 90 minutes.
Similarly, economical and employment issues in different developing countries like Iran, Iraq and Indonesia are expected to indirectly hamper the growth of the market. Furthermore, issues such as lack of transportation and logistics infrastructure, non-tariff barriers to cross-border trade, and low foreign direct investment stifle the region's economic growth, which is predicted to limit the expansion of the ready-mix concrete market.
In addition, increased government and private infrastructure expenditures is likely to provide favorable ready-mix concrete market growth for industry players during the forecast period. For example, in January 2019, China invested US$163 billion in the infrastructure sector to combat the economic slowdown. Two major airports and railway terminals are among the new development projects. Similarly, India declared in August 2021 that it will invest more than $1 trillion on infrastructure construction to stimulate economic growth, which is expected to create lucrative opportunities for key market players.
The ready-mix concrete market is segmented on the basis of type, application, mixer type, and region. By type, the market is segmented into transit mix concrete, central mix concrete, and shrink mix concrete. By application, it is divided into commercial & infrastructure, residential, and industrial. By mixer type, it is segmented into volumetric and barrel truck/in-transit mixer. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the ready-mix concrete market include, ACC Limited, Barney & Dickenson, Inc., CEMEX S.A.B. de C.V., CRH plc, HeidelbergCement, Holcim Ltd., SIKA group, Ultra Tech Cement Limited, Vicat SA, and Vulcan Materials Company. Major companies in the market have adopted acquisition, product launch, and partnership as their key developmental strategies to offer better products and services to customers in the ready-mix concrete market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ready-mix concrete market analysis from 2020 to 2030 to identify the prevailing ready-mix concrete market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ready-mix concrete market forecast.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ready-mix concrete market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: READY-MIX CONCRETE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Transit Mix Concrete
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Central Mix Concrete
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Shrink Mix Concrete
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: READY-MIX CONCRETE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Commercial & Infrastructure
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Residential
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Industrial
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: READY-MIX CONCRETE MARKET, BY MIXER TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Volumetric
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Barrel Truck/In-transit mixer
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: READY-MIX CONCRETE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 ACC Limited
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Barney & Dickenson, Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 CEMEX S.A.B. de C.V.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 CRH plc
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 HEIDELBERGCEMENT AG
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Holcim Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 SIKA group
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 UltraTech Cement Limited
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Vicat SA
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Vulcan Materials Company
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/j9c354
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
