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Ready-Mix Concrete - Global Strategic Business Report

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    Report

  • 623 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1227806

Global Ready-Mix Concrete Market to Reach $774.5 Billion by 2030

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$774.5 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030. Transit Mix, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$419.1 Billion by the end of the analysis period. Growth in the Central Mix segment is estimated at 9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $51.3 Billion, While China is Forecast to Grow at 8.9% CAGR

The Ready-Mix Concrete market in the U.S. is estimated at US$51.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$312.6 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 301 Featured)

  • Boral Ltd.
  • Aggregate Industries Ltd.
  • ACC Ltd.
  • Astec Industries, Inc.
  • Beton Provincial Ltee
  • Burnco Rock Products Ltd.
  • AB Sydsten
  • Arabian Cement Company
  • Ammann Group
  • Angelle Materials
  • Berger Holding GmbH
  • Bonded Concrete, Inc.
  • Boston Sand & Gravel Company
  • Brannan Sand & Gravel Company
  • Breedon Group PLC

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Ready-Mix Concrete Market

What is the estimated value of the Ready-Mix Concrete Market?

The Ready-Mix Concrete Market was estimated to be valued at $421.4 Billion in 2022.

What is the growth rate of the Ready-Mix Concrete Market?

The growth rate of the Ready-Mix Concrete Market is 7.9%, with an estimated value of $774.5 Billion by 2030.

What is the forecasted size of the Ready-Mix Concrete Market?

The Ready-Mix Concrete Market is estimated to be worth $774.5 Billion by 2030.

Who are the key companies in the Ready-Mix Concrete Market?

Key companies in the Ready-Mix Concrete Market include Boral Ltd., Aggregate Industries Ltd., ACC Ltd., Astec Industries, Inc., Beton Provincial Ltee, Burnco Rock Products Ltd., AB Sydsten, Arabian Cement Company, Ammann Group and Angelle Materials.

Table of Contents

I. 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 PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Transit Mix by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Transit Mix by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Transit Mix by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Central Mix by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Central Mix by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Central Mix by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Shrink Mix by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Shrink Mix by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Shrink Mix by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Infrastructure by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Ready-Mix Concrete Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Ready-Mix Concrete by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Ready-Mix Concrete by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Ready-Mix Concrete by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (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 2023 (E)
  • CHINA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (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 2023 (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 2023 (E)
  • GERMANY
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Market Overview
  • SPAIN
  • RUSSIA
  • TURKEY
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (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 2023 (E)
  • INDIA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (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 KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • Market Overview
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Ready-Mix Concrete Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Boral Ltd.
  • Aggregate Industries Ltd.
  • ACC Ltd.
  • Astec Industries, Inc.
  • Beton Provincial Ltee
  • Burnco Rock Products Ltd.
  • AB Sydsten
  • Arabian Cement Company
  • Ammann Group
  • Angelle Materials
  • Berger Holding GmbH
  • Bonded Concrete, Inc.
  • Boston Sand & Gravel Company
  • Brannan Sand & Gravel Company
  • Breedon Group PLC