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Ready-Mix Concrete - Global Market Trajectory & Analytics

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    Report

  • 623 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1227806

FEATURED COMPANIES

  • ACC Limited
  • Buzzi Unicem SpA
  • CRH plc
  • Hanson UK
  • Holcim Ltd.
  • R.W. Sidley, Inc.

Global Ready-Mix Concrete Market to Reach US$569.9 Billion by the Year 2026


Ready-mix concrete (RMC) is defined as a ready to use material that contains predetermined combination of aggregates, sand, water, and cement. Growth in the global market is led by high demand for such concrete, especially in urban areas. Recovering construction activity in developed economies and strong growth opportunities for residential and infrastructure construction projects in developing nations is expected to boost demand for construction materials in the future years. The primary growth driving factor for the global RMC market is the rapid increase in infrastructure projects in emerging countries. Other factors affecting the ready-mix concrete industry include environmental concerns; changes in lending standards and interest rates; and regional laws related to heavy transportation. In addition, regulatory mandates are spurring companies to invest in sustainable and advanced construction technologies, resulting in the development of new types of construction materials. For instance, new production technologies are enabling ready-mix concrete suppliers to continuously produce concrete volumes of more than 100 cubic meters per hour. Moreover, the addition of all ingredients, such as cement and aggregates are automated, including pre-treatment, for unhindered all-weather operation.

Amid the COVID-19 crisis, the global market for Ready-Mix Concrete estimated at US$421.4 Billion in the year 2022, is projected to reach a revised size of US$569.9 Billion by 2026, growing at a CAGR of 7.2% over the analysis period. Transit Mix, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$339.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Central Mix segment is readjusted to a revised 8.2% CAGR for the next 7-year period. This segment currently accounts for a 28.7% share of the global Ready-Mix Concrete market. Transit mixed concrete is the most commonly used type of ready-mix concrete. The transit-mixed concrete prevents issues associated with slump loss or early hardening of the concrete. In case of centrally mixed concrete, a stationary mixer blends the concrete materials before loading into the truck mixer. Major advantage of central mixing is faster batching and minimal wear of the truck mixer drums.

The U.S. Market is Estimated at $51.3 Billion in 2022, While China is Forecast to Reach $222 Billion by 2026


The Ready-Mix Concrete market in the U.S. is estimated at US$51.3 Billion in the year 2022. The country currently accounts for a 12.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$222 Billion in the year 2026 trailing a CAGR of 8.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$241.7 Billion by the end of the analysis period. Developing economies are expected to lead growth in the global market led by improving construction activity, continuous industrialization in regional powerhouses such as China and India, increasing income levels, higher spending power, improving standards of living, and resulting higher demand for residential and commercial constructions. The developed markets show an increasing penchant for ready-mix concrete as compared to traditional site mixing.

Shrink Mix Segment to Reach $79.9 Billion by 2026


Shrink-mixed concrete refers to the type of ready-mix concrete prepared at the manufacturing units. The components are added to the batching plants, and the volumes are adjusted as per the strength requirements of the concrete. The concrete is then shifted through concrete pumps. In the global Shrink Mix segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$34.3 Billion will reach a projected size of US$57.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.3 Billion by the year 2026, while Latin America will expand at a 7.7% CAGR through the analysis period.

Select Competitors (Total 301 Featured):

  • ACC Limited
  • Barney & Dickenson Inc.
  • Buzzi Unicem SpA
  • CEMEX S.A.B. de C.V.
  • CRH plc
  • Dillon Bros Concrete LLC
  • Hanson UK
  • HeidelbergCement AG
  • Holcim Ltd.
  • Livingston's Concrete Service, Inc.
  • Martin Marietta Materials, Inc.
  • Prism Johnson Limited
  • R.W. Sidley, Inc.
  • UltraTech Cement Ltd.
  • Vicat SA
  • Vulcan Materials Company

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • ACC Limited
  • Buzzi Unicem SpA
  • CRH plc
  • Hanson UK
  • Holcim Ltd.
  • R.W. Sidley, Inc.

SI. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
  • Global Construction Reset & Trajectory: Growth Outlook (In %) For Years 2019 Through 2025
  • Ready-Mix Concrete - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Ready-Mix Concrete: A Prleude
  • Advantages of RMC
  • Disadvantages
  • Types of Ready-Mix Concrete
  • Outlook
  • Developing Economies Dominate, Continue to Drive Future Market Growth
  • Percentage Share of Cement to Ready-Mix Concrete for Select Countries: 2019
  • Developed Regions Home to More Number of RMC Producers and Plants
  • Number of Ready-Mix Concrete Plants for Select Countries: 2018
  • Escalating Input Costs & Flat Selling Prices of End-Products Erode Margins for Ready-Mix Concrete Producers
  • Ready-mix Concrete Price in US$/Cubic Yard: Q4 2020 Vs Q1 2021
  • Ready-Mix Concrete Price in US$/Cubic Yard: Q1 2020 Vs Q1 2021
  • Aspects Associated with Ready Mix Concrete
  • At Production/Supply Point
  • At Manufacturer’s Point
  • Competition
  • IAnnual Sales Volume of Ready mix concrete in Million Cubic Meters of Select Leading Players: 2020 Vs 2019
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Concrete Shortage Hampers Prospects
  • Sophisticated Concrete Admixtures Spawn New Era for Ready-Mix Industry
  • Customized Admixtures for High-Strength Concrete
  • Admixtures for Precast Applications
  • Customized Admixtures to Improve Concrete Rheology
  • Seeing Concrete through Green Lens: Promising Developments
  • Industry Invests in Recycling Concrete
  • New Technology Adoption in the Concrete Industry
  • Digitalization Streamlines Ready-Mix Operations & Distribution Mechanism, Infusing More Operational Efficiency
  • Integration of Disparate Systems
  • Integrated Job Status for Real-Time Tracking
  • Subscription-based Services
  • Ready-Mix Concrete Industry Gears Up for Industry 4.0
  • ML & AI Seek Role in Ready-Mix Concrete Business
  • Concrete Pumps Improve Ready-Mix Concrete Market
  • COVID-19 Expedites Ready-Mix Concrete Industry’s Shift towards New Domain of Cloud Services
  • High Rise Building Projects Drive Demand for High Performance Concrete
  • Completions of 200-Meter-Plus Buildings: 2010-2021
  • COVID-19 Provides Appropriate Timing to Fast-Track Major Infrastructure Projects
  • Innovative Concrete Solutions Address Evolving Construction Requirements
  • Producers Bet on Advanced Solutions to Cool Concrete & Ensure Quality Product
  • Infrastructure Investment Patterns Strongly Influence the Market
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Favorable Demographic & Macro Trends Strengthen Market Prospects
  • Rapid Urbanization to Drive Demand Prospects
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
  • Population Growth to Elevate Demand for New Constructions
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Expanding Middle Class Population: Positive Opportunities for Construction Industry
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • After Facing a Severe Blow, Recovery in Construction Sector to Spur Growth
  • US Monthly Construction Spending in US$ Billion: Dec 2020-July 2021
  • US New Construction Starts in US$ Billion by Sector: 2020
  • Rise in Home Buying Activity Benefits Demand
  • Housing Starts in US in Thousands: 2015-2020
  • Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units (Jan 2021-Aug 2021)
  • US Commercial Construction Rebounds with Anticipated Spending on Infrastructure Projects
  • Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • US NonResidential Spending Trends (% YoY) Growth by Sector: 2021 and 2022
  • Pricing Scenario
  • US Ready-Mix Concrete Average Price (in US$ Per Cubic Yard): 2012 - 2020
  • US Ready-Mix Concrete Quarterly Average Price (in US$ Per Cubic Yard): Q32018 - Q2 2021
CANADA
  • Market Overview
  • Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • Housing Starts in Canada in Units: April 2021-Aug 2021
JAPAN
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities
EUROPE
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • RMC Production by Country (in Million Cubic Meters): 2018
FRANCE
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
SPAINRUSSIATURKEYREST OF EUROPE
ASIA-PACIFIC
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
AUSTRALIA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Construction Activity Exhibits Volatility Amid the Pandemic
  • Urbanization Trends in India: Number of Inhabitants (in Million) for Years 1991, 2001, 2011 & 2021
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 301

A selection of companies mentioned in this report includes:

  • ACC Limited
  • Barney & Dickenson Inc.
  • Buzzi Unicem SpA
  • CEMEX S.A.B. de C.V.
  • CRH plc
  • Dillon Bros Concrete LLC
  • Hanson UK
  • HeidelbergCement AG
  • Holcim Ltd.
  • Livingston's Concrete Service, Inc.
  • Martin Marietta Materials, Inc.
  • Prism Johnson Limited
  • R.W. Sidley, Inc.
  • UltraTech Cement Ltd.
  • Vicat SA
  • Vulcan Materials Company