Global Ready-Mix Concrete Business Report 2023-2030: Digitalization Streamlines Ready-Mix Operations & Distribution Mechanism, Infusing More Operational Efficiency

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Dec 06, 2023, 10:30 ET

DUBLIN, Dec. 6, 2023 /PRNewswire/ -- 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

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/kzkdv9

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