6.5% CAGR leads to $965.87 Billion Projection For Ready-Mix Concrete Market

Ready-Mix Concrete Market Size Worth $965.87 Billion By 2032 | CAGR: 6.5%


The global ready-mix concrete market size is expected to reach USD 965.87 billion by 2032, according to a new study by Polaris Market Research. The report “Ready-Mix Concrete Market Share, Size, Trends, Industry Analysis Report, By Type (Transit Mixed Concrete, Shrink Mixed Concrete, Central Mixed Concrete, Hybrid Riser, Others); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market has experienced significant growth due to the construction industry. Ready-mix concrete is a mixture produced in a batch plant and delivered to the construction site in a ready-to-use form. It offers several advantages, such as high quality, consistency, and convenience, making it a preferred choice for many construction projects.

The increasing demand for versatile building materials and the growing focus on strong and durable construction practices. With rapid population growth and urbanization, there is a rising need for housing, infrastructure, and social services. Ready-mix concrete provides a solution that meets the highest standards and ensures uniform quality, making it ideal for meeting the construction needs of growing urban areas.

Environmental considerations also contribute to the growth of the ready-mix concrete market. As sustainability becomes increasingly important in the construction industry, ready-mix concrete offers advantages such as reduced waste, lower energy consumption, and minimized carbon emissions compared to traditional on-site mixing methods.

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The construction industry has been experiencing significant growth due to overall economic growth and urbanization. As populations grow and cities expand, there is a rising need for housing, infrastructure, and commercial spaces, which drives the demand for construction activities. The increased focus on sustainable construction practices. There is a growing awareness of the environmental impact of construction activities, leading to a shift towards green building and sustainable materials. This includes using energy-efficient systems, renewable energy sources, and environmentally friendly building materials. The demand for sustainable construction practices is driven by government regulations, cost savings in the long run, and the desire to reduce carbon footprints.

Furthermore, technological advancements have played a significant role in driving growth in the construction industry. Innovations such as Building Information Modeling (BIM), prefabrication, modular construction, and advanced construction machinery have improved efficiency, productivity, and safety in construction projects. These technologies enable faster project completion, better cost management, and improved quality control, attracting more investments in the industry.

Ready-Mix Concrete Market Report Highlights

  • Transit mixed concrete segment holds the highest revenue shares of the market due to its flexibility, convenience, improved quality control, time efficiency, and reduced risk of segregation.
  • The residential segment accounted for the highest revenue shares of the market in 2022. Due to increasing demand for single-family houses in the Asia Pacific and European countries, driven by rising population and disposable income levels
  • Asia Pacific region dominated the market due to demand from developing economies such as China, India, and South Korea, with China standing out as a major producer due to abundant raw materials and a growing population.
  • The global key market players include ACC Limited, Barney & Dickenson Inc., Buzzi Unicem S.p.A., CEMEX S.A.B. de C.V., CRH plc, Hanson Cement Ltd., HEIDELBERGCEMENT AG, Holcim Ltd., Italcementi Group, Lafarge, LafargeHolcim, and R.W. Sidley Inc.

Polaris Market Research has segmented the Ready-Mix Concrete market report based on type, application, and region:

Ready-Mix Concrete, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Transit Mixed Concrete
  • Shrink Mixed Concrete
  • Central Mixed Concrete
  • Hybrid Riser
  • Others

Ready-Mix Concrete, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Commercial
  • Infrastructure
  • Residential
  • Industrial
  • Others

Ready-Mix Concrete, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Ready-Mix Concrete Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 619.91 billion

Revenue forecast in 2032

USD 965.87 billion

CAGR

6.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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