Ready Mix Concrete Market Growth and Analysis by 2028

Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2023-2028

Ready Mix Concrete Market Forecast to 2028 - COVID-19 Impact and Global Analysis By End Use (Residential, Commercial, and Others)

Report Date : Dec 2022
Report Code : TIPRE00024579

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 151

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The ready mix concrete market size is expected to grow from US$ 844.10 billion in 2022 to US$ 1,118.18 billion by 2028; it is estimated to grow at a CAGR of 4.8% from 2022 to 2028.

Ready mix concrete is manufactured in a batch plant as per each specific requirement on the job site. Transit mixed concrete, shrink mixed concrete, and central mixed concrete are some of the commonly used types of ready mix concrete. Ready mix concrete is mixed in a controlled environment and can be utilized for an array of projects. Ready mix concrete is sustainable and has high durability, leading to its high demand in different applications.

In 2021, Asia Pacific held the largest revenue share of the global ready mix concrete market. The region has been noticed as one of the prominent markets for the utilization of ready mix concrete owing to the surge in construction activities. The growing number of ready mix concrete uses in numerous residential and non-residential sectors is anticipated to continue to increase the demand for ready mix concrete in Asia Pacific. Moreover, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India.

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Ready Mix Concrete Market: Strategic Insights

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Impact of COVID-19 Pandemic on Ready Mix Concrete Market

Before the COVID-19 pandemic, the ready mix concrete market was mainly driven by its increasing use in residential and commercial applications. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries in the wake of the COVID-19 pandemic. The building & construction industry was hit hard, which negatively impacted ready mix concrete consumption in different regions. Moreover, the supply chain disruptions halted the manufacturing and distribution of building materials. Builders experienced rising costs and delays in imported raw materials and off-site building materials due to many factories being shut for lengthy periods. The building construction was almost negligible in Europe due to the shortage of laborers and disrupted supply chain of raw materials.

However, in 2021, various countries began relaxing restrictions. The global marketplace begun recovering from the losses. Manufacturers were permitted to operate at full capacity, helping them overcome the supply gap. In Europe, various industries, including the building & construction industry, are back on track with supply constraints affecting these industries being resolved gradually. Rising demand for ready mix concrete across diverse industrial applications and growing initiatives of government bodies to combat COVID-19 are expected to substantially promote the ready mix concrete market globally.

Market Insights

Rise in Commercial and Residential Construction Projects

Ready mix concrete is used in nearly all construction projects owing to benefits such as reduced construction time, low maintenance cost, and versatility. The rapid population growth has urged government bodies to promote reforms in urban planning. For instance, Dubai’s population increased by 0.1 million from 2020 to 2022, with the government projection of 5.8 million by 2040. The country’s economic stability, better connectivity, low cost of energy, and government diversification strategy are the factors responsible for driving investors and customers to invest in residential and commercial properties. According to the European Union, the European Regional Development Fund (ERDF) allocated 8% to strengthen sustainable urban development and support the cohesion policy's urban dimension. The European Commission’s renovation wave strategy involves affordable housing initiatives and aims for green buildings. All these factors are positively impacting the ready mix concrete market growth.

End Use-Based Insights

Based on end use, the global ready mix concrete market is segmented into residential, commercial, and others. The ready mix concrete market share for the residential segment was largest in 2021. The residential sector includes private housing, apartment, and buildings. The investments and development activities in the residential infrastructure sector can be attributed to the rising population and urbanization. Moreover, favorable government policies in many countries have led to the establishment of residential buildings and ready-mix concrete manufacturing units, which is anticipated to upscale the demand for ready-mix concrete from the residential sector.

A few players operating in the global ready mix concrete market include ACC Limited; Vicat SA; LafargeHolcim; Buzzi Unicem S.p.A; BARNEY AND DICKENSON INC.; R.W. Sidley, Inc.; CEMEX S.A.B. DE C.V.; HEIDELBERGCEMENT AG; ULTRATECH CEMENT LTD.; and CROWN CEMENT PLC. Players operating in the ready mix concrete market are focusing on providing high-quality products to fulfill customer demands. They are also focusing on strategies such as investments in research and development activities and mergers & acquisitions.

Report Spotlights

Progressive industry trends in the ready mix concrete industry to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the market from 2020 to 2028
Estimation of global demand for ready mix concrete
Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook, as well as factors driving and restraining the ready mix concrete market growth
Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The ready mix concrete market size at various nodes
Detailed overview and segmentation of the market, as well as the ready mix concrete industry dynamics
The ready mix concrete market size in various regions with promising growth opportunities

The global ready mix concrete market is segmented by end use into residential, commercial, and others.

Ready Mix Concrete Market Regional Insights

The regional trends and factors influencing the Ready Mix Concrete Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Ready Mix Concrete Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

ready-mix-concrete-market-global-geography

Get the Regional Specific Data for Ready Mix Concrete Market

Ready Mix Concrete Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 844.1 Billion
Market Size by 2028	US$ 1118.18 Billion
Global CAGR (2022 - 2028)	4.8%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By End Use Residential Commercial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ACC Limited Vicat SA LafargeHolcim Buzzi Unicem S.p.A BARNEY AND DICKENSON INC. R.W. Sidley, Inc. CEMEX S.A.B. DE C.V. HEIDELBERGCEMENT AG ULTRATECH CEMENT LTD.

Ready Mix Concrete Market Players Density: Understanding Its Impact on Business Dynamics

The Ready Mix Concrete Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Ready Mix Concrete Market are:

ACC Limited
Vicat SA
LafargeHolcim
Buzzi Unicem S.p.A
BARNEY AND DICKENSON INC.

Disclaimer: The companies listed above are not ranked in any particular order.

Get the Ready Mix Concrete Market top key players overview

Company Profiles

ACC Limited
Vicat SA
LafargeHolcim
Buzzi Unicem S.p.A
BARNEY AND DICKENSON INC.
R.W. Sidley, Inc.
CEMEX S.A.B. DE C.V.
HEIDELBERGCEMENT AG
ULTRATECH CEMENT LTD.
CROWN CEMENT PLC.

Frequently Asked Questions

What are the key factors influencing market growth?

The projected growth of the market during the forecast period is attributed to rise in commercial and residential construction projects and high government spending on infrastructure projects.

Which region is expected to register the fastest CAGR in the global ready mix concrete market?

Asia Pacific is estimated to register the fastest CAGR in the global ready mix concrete market over the forecast period. The growing number of ready mix concrete uses in numerous residential and non-residential sectors is anticipated to continue to increase the demand for ready mix concrete in Asia Pacific.

Based on end use, which segment held the largest share in the global ready mix concrete market?

The commercial segment held the largest share of the global ready mix concrete market in 2021. The high demand for precast concrete by the commercial sector, owing to the rising investment in commercial construction projects is anticipated to drive the commercial segment during the forecast period.

Based on end use, which segment is leading the global ready mix concrete market during the forecast period?

The residential segment held the largest share of the global ready mix concrete market in 2021. The residential sector includes private housing, apartment, and buildings. The favorable government policies in many countries have led to the establishment of residential buildings and ready-mix concrete manufacturing units, which is anticipated to upscale the demand for ready-mix concrete from the residential sector.

Which region held the largest share of the global ready mix concrete market?

In 2021, Asia Pacific held the largest share of the global ready mix concrete market. The region has been noticed as one of the prominent markets for the utilization of ready mix concrete owing to the surge in construction activities.

Can you list some of the major players operating in the global ready mix concrete market?

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Ready Mix Concrete Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Ready Mix Concrete Market Report Snapshots

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