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Global Ready Mix Concrete Market: By Type: Transit Mix Concrete, Central Mix Concrete, Shrink Mix Concrete, Others; By Application: Residential, Commercial, Industrial, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Ready Mix Concrete Market Outlook
The global ready mix concrete market reached a value of about USD 601 billion in 2020. The market for ready mix concrete is being driven by the increasing construction projects and rising urbanisation. The market is further expected to grow at a CAGR of 8.2% in the forecast period of 2023-2028.
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Rising Urbanisation Aiding the Growth of the Global Ready Mix Concrete Industry
Increased developments around the world, owing to urbanisation, government infrastructure plans, and an increasing population that requires residential and commercial structures, are expected to enhance the industry growth. Because of its greater simplicity, ease of use, and improved efficiency, ready mix concrete is commonly used as a concrete replacement. Furthermore, reduced inventory costs, waste control, and effective usage are all likely to reduce project costs overall. As a result, these factors are expected to have a favourable effect on its consumption.
During the forecast period, the Asia Pacific region is expected to have a significant share of the total ready mix concrete industry value. Increased infrastructure investments in India, China, Thailand, and Singapore are expected to drive the product demand. The favourable government policies that promote manufacturing and building growth, as well as improvements in regional road infrastructure, are likely to benefit the regional construction industry, thus, aiding the market.
Ready Mix Concrete: Market Segmentation
The term "ready mix concrete" refers to a mixture of sand, water, and aggregates that has been pre-mixed. The processing of this mix, which is shipped via transit mixer, ensures that precise concrete is used in the building, making it durable and long-lasting. When there is not enough space for aggregate stockpiles and mixing plants, these are frequently used. They are also used for minor building projects that only require a small number of aggregate stockpiles.
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Based on type, the market is divided into:
- Transit Mix Concrete
- Central Mix Concrete
- Shrink Mix Concrete
- Others
On the basis of application, the market is categorised into:
- Residential
- Commercial
- Industrial
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Construction Projects Driving the Ready Mix Concrete Industry Growth
For the construction of industrial plants, residential and industrial structures, power generation projects, and road construction, ready mix concrete is universally recognised. The primary factor driving the market growth includes the global infrastructure development, combined with rapid urbanisation. RMC is replacing traditional concrete because of its superior consistency, ease of use, cost-effectiveness, and comfort. Furthermore, RMC's low inventory costs, waste control, and good consumption results in lower project costs, which is further expected to boost the commodity demand in the coming years. The substance improves the structure's stability and long-term viability. The increasing urbanisation, rising industrialisation, and economic growth are some of the factors benefiting the global construction industry, which, in turn, is expected to significantly drive the demand for ready mix concrete in the coming years.
Key Industry Players in the Global Ready Mix Concrete Market
The report gives a detailed analysis of the following key players in the global ready mix concrete market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- LafargeHolcim Ltd.
- CEMEX S.A.B de C.V.
- Heidelbergcement AG
- Vicat S.A.
- The Colas Group
- Martin Marietta
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Transit Mix Concrete, Central Mix Concrete, Shrink Mix Concrete, Others |
| Breakup by Application | Residential, Commercial, Industrial, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | LafargeHolcim Ltd., CEMEX S.A.B. de C.V., Heidelbergcement AG, Vicat S.A., The Colas Group, Martin Marietta, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ready Mix Concrete Market Analysis
8.1 Key Industry Highlights
8.2 Global Ready Mix Concrete Historical Market (2018-2022)
8.3 Global Ready Mix Concrete Market Forecast (2023-2028)
8.4 Global Ready Mix Concrete Market by Type
8.4.1 Transit Mix Concrete
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Central Mix Concrete
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Shrink Mix Concrete
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Ready Mix Concrete Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Ready Mix Concrete Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Ready Mix Concrete Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Ready Mix Concrete Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Ready Mix Concrete Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Ready Mix Concrete Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Ready Mix Concrete Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 LafargeHolcim Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 CEMEX S.A.B. de C.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Heidelbergcement AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Vicat S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Colas Group
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Martin Marietta
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Ready Mix Concrete Market: Key Industry Highlights, 2018 and 2028
2. Global Ready Mix Concrete Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Ready Mix Concrete Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Ready Mix Concrete Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Ready Mix Concrete Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Ready Mix Concrete Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Ready Mix Concrete Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Ready Mix Concrete Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Ready Mix Concrete Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Ready Mix Concrete Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Ready Mix Concrete Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Ready Mix Concrete Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Ready Mix Concrete Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Ready Mix Concrete Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Ready Mix Concrete Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Ready Mix Concrete Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Ready Mix Concrete Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Ready Mix Concrete Market Structure
Key Questions Answered in the Report
In 2020, the global ready-mix concrete market attained a value of nearly USD 601 billion.
The market is projected to grow at a CAGR of 8.2% between 2021 and 2026.
The major industry drivers are growing population and rising urbanisation.
The key trends in the market are increasing demand from residential and commercial sector in the emerging economies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
The types of the concrete include transit mix concrete, central mix concrete, and shrink mix concrete, among others.
The application sectors include residential, commercial, and industrial, among others.
The major players in the industry are LafargeHolcim Ltd., CEMEX S.A.B de C.V., Heidelbergcement AG, Vicat S.A., The Colas Group, and Martin Marietta, among others.
Analyst Review
The global ready mix concrete market reached a value of about USD 601 billion in 2020. The market for ready mix concrete is being driven by the increasing construction projects and rising urbanisation. The market is further expected to grow at a CAGR of 8.2% in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the ready-mix concrete industry can be segmented into transit mix concrete, central mix concrete, and shrink mix concrete, among others. The application sectors include residential, commercial, and industrial, among others. The major regional markets for ready-mix concrete are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include LafargeHolcim Ltd., CEMEX S.A.B de C.V., Heidelbergcement AG, Vicat S.A., The Colas Group, and Martin Marietta., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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