Ready-mix Concrete Market To Reach $1,285.91 Billion By 2030

Ready-mix Concrete Market Growth & Trends

The global ready-mix concrete market size is expected to reach USD 1,285.91 billion by 2030, expanding at a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing construction activities in commercial and infrastructure segments across the globe are expected to drive the demand for ready-mix concrete.

Commercial availability of ready-mix concrete through domestic and multinational players coupled with rising awareness regarding the product benefits in construction activities is likely to augment the growth in the estimated time. Reduced site supervision cost and labor cost are the factors driving its popularity in the construction activities.

Ready-mix concrete is considered for speedy construction of residential, commercial, industrial and infrastructural spaces. Minimized cement wastage and control in the use of raw materials for ready-mix concrete is likely to aid its demand in the market. Moreover, the pollution-free nature of the production process is anticipated to support market growth for ecofriendly constructions.

Industry players in the market are competing on the basis of product quality and services. Numerous players are focusing on providing utility services at the construction sites. In order to reduce the travel time and costly logistics, the players are setting up the production plants at construction sites.

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Ready-mix Concrete Market Report Highlights

• The residential segment held the largest revenue share of 34.0% in 2022 as a result of high consumption owing to its unique properties.

• The infrastructure segment is expected to register the fastest growth at a CAGR of 6.2% over the forecast period owing to the development in road construction, dams, water conservation systems, and expansion of airports.

• Asia Pacific dominated the market and accounted for the largest revenue share of 69.7% in 2022. Rapid infrastructural development in Thailand, Singapore, India, and China is projected to support the demand for ready-mix concrete in construction operations.

• The Middle East & Africa market is anticipated to grow at a CAGR of 5.9% over the forecast period. A major development in the infrastructure segment in the Middle East and Africa, particularly in Saudi Arabia and UAE has significantly contributed to market growth.

Ready-mix Concrete Market Segmentation

Grand View Research has segmented the global ready-mix concrete market based on application, and region:

Ready-mix Concrete Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

• Commercial

• Residential

• Infrastructure

• Industrial

Ready-mix Concrete Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa (MEA)

  • Saudi Arabia

List of Key Players of Ready-mix Concrete Market

• ACC Limited

• Vicat S.A.

• HOLCIM

• Buzzi SpA

• R.W. Sidley, Inc.

• Barney & Dickenson, Inc.

• Dillon Bros Ready Mix Concrete

• Livingston's Concrete Service, Inc.

• CEMEX, S.A.B. de C.V.

• Heidelberg Materials AG

• China National Building Material Group Corporation

• U.S. Concrete, Inc.

• UltraTech Cement Ltd.