The ready-mix concrete market is one of the rapidly advancing market structures with continuous investments being made by private makers and sellers towards building good quality infrastructure and providing better support services to the customers of ready-mix concrete market equipment that would provide a major boost to the ready-mix concrete market revenue.
Ready-mix concrete market involves the usage of RMC in construction activities as a primary product which is a mixture of cement, sand, and water aggregates and is used as a readymade form of a mixture in the construction processes to make the buildings stronger, long-lasting, and hefty. The ready-mix concrete is useful in the case of construction sites where a small amount of concrete mixture is required and is also suitable in the construction of large buildings where the working space for a mixing plant is not apt and there are limited stock supplies.
The ready-mix concrete mixture is gaining more advantage nowadays as compared to the traditional concrete since it is easy to use, offers greater convenience, is economical, and has high durability and sustainability. It also eliminates the drawbacks associated with the traditional concrete and provides full utilization of the mixture with minimum wastage and efficiency. However, even after offering such advantages, the ready-mix concrete mixture is associated with a certain amount of risks of occupational safety whereby the employees in this industry face hazards not only in the fabrication process but also during the transportation process.
The global ready-mix concrete market is expected to grow at a CAGR of around 9% and the ready-mix concrete market value might be around $131.5 million due to several drivers acting in favor of the market. The ready-mix concrete market is expected to reap positive results from the Asia Pacific region where the demand for ready-mix concrete is expected to be high due to a large number of construction activities taking place in this region and the rising incomes of people in this region. Moreover, the segment by application is expected to contribute maximum towards ready-mix concrete market share.
The novel coronavirus or the Covid 19 pandemic has negatively impacted the ready-mix concrete industry since the demand for ready-mix concrete materials has declined which has created a negative impact on the ready-mix concrete market growth and the ready-mix concrete companies have faced shortages in personnel, accumulated stocks, and forced shutdowns. Due to the lockdowns in various countries, the demand for ready-mix concrete equipment has reduced significantly with people avoiding extra expenditures which have also impacted the ready-mix concrete market size and share.
The competitive landscape in terms of the ready-mix concrete market has been immense and nail-biting with new players easily entering the market and the existing players making huge investments in this segment.
The key players in the market are more focused on developing future strategies and set themselves as joint ventures to increase the ready-mix concrete market share and size.
The ready-mix concrete market has been experiencing a diversified growth in all segments and across different regions due to the rising populations and the increasing per capita incomes of people which has shifted the demands of people to highly sophisticated and technologically advanced products and equipment which have acted as a motivating factor to the ready-mix concrete market.
Secondly, the rising expenditure of people towards the construction of new buildings whether residential or non-residential, and also the initiatives by the Government towards the construction of new buildings with eco-friendly materials have significantly boosted the demand for the ready-mix concrete systems market and provided a much-needed push.
Apart from this, the rise in demand for ready-mix concrete mixture by the developing countries for the construction of new projects such as airports, shopping malls, railways, and metro infrastructure has continuously boosted the overall ready-mix concrete market share and has only reaped positive results.
The overall growth in the ready-mix concrete market has been expediently rising but certain factors hinder the growth process of the market which include large sums of money to be invested initially in setting up ready-mix concrete companies and thus it restricts various new players to enter the markets.
Another key factor that acts as a barrier towards an increase in ready-mix concrete treatment market share is the lack of knowledge and awareness among people towards these ready-mix concrete systems as these are developed recently and have limited public outreach which can be observed in a way that the sales are few and installations are minimal. Also, the occupational hazards associated with the use of ready-mix concrete mixture acts as a hindrance in people accepting this fully for construction purposes.
Another key restraint that has been observed off late is the high cost of ready-mix concrete which bars most of the consumers with limited income and resources from installing the ready-mix concrete systems. Thus, it can be said that the ready-mix concrete market has not been able to cater to the needs of the common man of developing countries.
The ready-mix concrete market trends have been dedicated towards the use of improved technology in the treatment process.
However, to be more specific, the ready-mix concrete mixture is manufactured through a fabrication process with the use of highly sophisticated machines and systems that are controlled automatically. These machines are based and set up in a way that proportionately combines the cement, sand, and water aggregates in a prescribed ratio and mixes to form a ready mixture to be used for construction purposes.
The technological system to be used soon in the ready-mix concrete market involves using robotics and artificial intelligence systems to eliminate any kind of discrepancy or malfunctioning in the system and to also ensure the homogeneous quality of the concrete mix. This would also reduce the occupational hazards currently associated with the preparation of the concrete mix and would also benefit employees.
The ready-mix concrete market has been segmented as follows:
North America · The U.S. · Canada · Mexico
Europe · Germany · France · UK · Italy
Asia-Pacific · Japan · China · Australia · India LAMEA · Brazil · Saudi Arabia · South Africa
The global ready-mix concrete market has been divided into four regions where each region has been contributing significantly in terms of its capabilities and population demands. However, among the four regions, the Asia Pacific region has been accounting for the major ready-mix concrete market share whereby the key drivers towards the growth of the ready-mix concrete industry are developed here, and the population seems to be quite interested in the innovations in terms of new products in the market.
The major ready-mix concrete market revenue is expected to come from countries like China, Japan, Korea, and India. The ready-mix concrete statistics indicate that the due to a large number of construction and development activities being carried on in these countries have led to an increase in demand for ready-mix concrete in the region. Also, in the upcoming years, it is predicted that due to rapid industrialization and developments taking place in these countries this region will provide a major boost to the ready-mix concrete market revenue.
Since most of the research and development activities are taking place in these countries which drive the market for the ready-mix concrete. Also, rapid improvements in technology have led to the widespread development of the ready-mix concrete market in these countries. The North American region is also experiencing vast growth in ready-mix concrete market shares as the countries in this region have been reaping the benefits of technology thereby maximizing the level of operations and reducing operational cost.
The Global report helps the investors to gain meaningful information about the ready-mix concrete market and make decisions wisely. The report discusses the steps taken by the ready-mix concrete market leaders to boost the market growth and inflate market valuation for their good. The report fully summarises the ongoing market scenario in the ready-mix concrete market which would help the intended audience to seek more information about the market. The objective of the report was to fully summarise the key players in the market and their role in boosting the ready-mix concrete market value. The report also discusses the future growth prospects and the competitive landscape in the ready-mix concrete industry and lays down the expected growth rate of the market along with the hindrances it may face.
|Market Size||2030: USD 1614.7 Billion|
|CAGR||8.4% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ACC Limited (India), Vicat SA (France), Lafarge (France), Buzzi Unicem S.p.A. (Italy), Barney & Dickenson, Inc.(U.S.), R.W. Sidley, Inc. (U.S.), CEMEX S.A.B. de C.V.( Mexico), Italcementi Group (Italy), UltraTech Cement Limited ( India), Holcim Ltd.( Switzerland), and HeidelbergCement (Germany)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The enhanced level of convenience offered by ready mix concrete is expected to tip a favorable growth trend in the ready mix concrete market.
The market is expected to progress with the backing of 8.4 % CAGR by the year 2027.
Vicat SA (France), Lafarge (France), ACC Limited (India), R.W. Sidley, Inc. (U.S.), Barney & Dickenson, Inc.(U.S.), Holcim Ltd.(Switzerland), CEMEX S.A.B. de C.V. (Mexico), Italcementi Group (Italy), Buzzi Unicem S.p.A. (Italy), UltraTech Cement Limited (India), are the distinguished players leading the evolution of the ready mix concrete market.
The commercial and residential sectors are likely to show a soaring level of potential in the coming years.
Although the terms cement and concrete often are used interchangeably, cement is actually an ingredient of concrete. Concrete is basically a mixture of aggregates and paste. The aggregates are sand and gravel or crushed stone; the paste is water and portland cement. Concrete gets stronger as it gets older.