According to a recent report published by Allied Market Research, titled,the concrete market size was valued at $167.7 billion in 2020, and is expected to reach $972.0 billion by 2030, registering a CAGR of 4.7% from 2021 to 2030.
Construction of all infrastructures need concrete for building purpose. Concrete can be in the form of ready-mix concrete or precast products & elements. Revenue generated by sales of these products represents the market size of the concrete market.
Increase in government expenditures for development and reconstruction & repair of infrastructures in various countries leads to increase in demand for ready-mix concrete and precast products & elements. In addition, ready-mix concrete and precast products reduce construction time, which, in turn, saves project cost and timeline. Moreover, these products are cost effective and reduce wastage of raw material.
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Concrete Market Growth Factors
Rising government investments in infrastructure development, including road and bridge enhancements, as well as reconstruction and repair projects, are key drivers of the concrete market’s growth. Additionally, ready-mix concrete and precast products and elements streamline manufacturing, transportation, and installation processes, saving significant time. These solutions are cost-effective, minimizing material wastage during production. Moreover, advancements in machinery and technology improve manufacturing precision and address challenges related to skilled labor shortages.
Concrete Market Segmentation
By Concrete Type
- Ready-mix Concrete
- Transit Mix Concrete
- Central Mix Concrete
- Shrink Mix Concrete
- Precast Products
- Paver Blocks & Slabs
- Bricks
- AAC Blocks
- Others
- Precast Elements
- Facade
- Floors & Roofs
- Building Blocks
- Walls
- Others
By Application
- Reinforced Concrete
- Non-reinforced Concrete
By End-User Industry
- Roads & Highways
- Tunnels
- Residential Buildings
- Non-Residential Buildings
- Dams & Power Plants
- Mining
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Top Players Include in This:
The major players profiled in the concrete market include CEMEX, S.A.B. de C.V., CRH, Forterra, Heidelbergcement AG, Holcim, Shay Murtagh Precast Ltd, Sika AG, Votorantim S.A., Weckenmann Anlagentechnik GmbH & Co. KG, and Wells Concrete. Major companies in the market have adopted strategies such as business expansion, acquisition, product launch, and collaboration to offer better products and services to customers in the concrete market.
Key Findings Of The Study
- By concrete type, the ready-mix concrete segment was the highest revenue contributor in 2020.
- By application, the reinforced concrete segment was the highest revenue contributor in 2020.
- By end-user industry, the residential buildings segment was the highest revenue contributor in 2020.
- By region, Asia-Pacific generated the highest revenue in 2020.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging concrete market trends and dynamics.
- In-depth concrete market analysis is conducted by estimations for the key segments between 2021 and 2030.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The market concrete market forecast analysis from 2021 to 2030 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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