Global Ready-Mix Concrete Strategic Industry Report 2023: Market to Reach $774.5 Billion by 2030 - Sophisticated Concrete Admixtures Spawn New Era


Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The "Ready-Mix Concrete - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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 ready-mix concrete market has been influenced by economic volatility and shifting dynamics in the construction industry. It is a highly competitive market with several key players vying for market share. Ready-mix concrete offers advantages like convenience and consistency but also has disadvantages. There are different types of ready-mix concrete available to meet specific construction needs.

In terms of market outlook, developing economies have been driving future growth in the ready-mix concrete industry. Cement plays a significant role in the composition of ready-mix concrete, and its percentage share varies by country. Developed regions tend to have a higher number of ready-mix concrete producers and plants.

One challenge faced by the industry is the escalating input costs and relatively flat selling prices of end-products, which can erode margins for ready-mix concrete producers. The market is influenced by various factors at the production/supply point and the manufacturer's point, making it essential for industry players to adapt and innovate to stay competitive.

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.

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

Key Attributes:

Report AttributeDetails
No. of Pages623
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$421.4 Billion
Forecasted Market Value (USD) by 2030$774.5 Billion
Compound Annual Growth Rate7.9%
Regions CoveredGlobal

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

FOCUS ON SELECT PLAYERS(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

For more information about this report visit https://www.researchandmarkets.com/r/40ykbl

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Ready-Mix Concrete Market

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