According to a new report published by Allied Market Research, titled, The ready-mix concrete market size was valued at $448.0 billion in 2020, and is estimated to reach $704.2 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030.
Ready-Mix Concrete Market Overview
Ready-mix concrete (RMC) is a precisely proportioned blend of cement, aggregates, water, and additives, mixed according to standard codes to ensure optimal strength and durability. Its convenience, ease of use, and consistent quality make it more popular than traditional concrete. RMC is widely utilized in constructing residential and commercial buildings, manufacturing facilities, and roadways.
The production of ready-mix concrete requires a dedicated mixing setup, and limited space near construction sites often necessitates transporting the mixture. However, RMC remains workable for only about 90 minutes, and delays due to traffic can cause it to settle or lose workability, posing challenges to market growth. Additional barriers include inadequate transport and logistics infrastructure, restrictive non-tariff measures on cross-border trade, and reduced foreign direct investment due to economic slowdowns, all of which impede infrastructure development and the RMC market.
The rising demand for versatile building materials and increased construction activities are driving the need for ready-mix concrete. Rapid population growth and urbanization are fueling demand for housing, employment, energy, food, clean water, transportation infrastructure, and social services. As a result, construction firms are increasingly opting for eco-friendly, cost-effective precast concrete solutions to meet high standards and ensure consistent quality.
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Ready-Mix Concrete Market Drivers
The construction industry is witnessing a surge in demand for ready-mix concrete, fueled by the need for versatile building materials and a focus on durable construction. Rapid population growth and urbanization are significantly driving the need for housing, employment, energy, food, clean water, transportation infrastructure, and social services. Consequently, construction firms are increasingly adopting eco-friendly, cost-effective solutions for homes and buildings to achieve high standards and consistent quality, which ready-mix concrete effectively delivers.
Ready-Mix Concrete Market Segmentation
By Type
Transit Mix Concrete
Central Mix Concrete
Shrink Mix Concrete
By Application
Commercial & Infrastructure
Residential
Industrial
By Mixer Type
Volumetric
Barrel Truck/In-transit Mixer
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Spain, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Top Players:
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.
KEY FINDINGS OF THE STUDY
• The report provides an extensive analysis of the current and emerging global ready-mix concrete market trends and dynamics.
• By type, the transit mix concrete segment was the largest revenue generator in 2020.
• By application, the commercial & infrastructure segment generated the highest revenue in 2020.
• By mixer type, the volumetric segment dominated the market in 2020.
• Region-wise, Asia-Pacific is anticipated to dominate the global ready-mix concrete market during the forecast period.
• The global ready-mix concrete market forecast analysis from 2021 to 2030 is included in the report.
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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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