Global Ready-Mix Concrete Market to Reach $865.9 Billion by 2026

News provided by

May 27, 2021, 12:03 ET

SAN FRANCISCO, May 27, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Ready-Mix Concrete - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 19; Released: January 2021
Executive Engagements: 8035
Companies: 274– Players covered include ACC Limited; Barney & Dickenson, Inc.; Buzzi Unicem SpA; CEMEX S.A.B. DE C.V.; CRH plc (Ireland); Dillon Bros Concrete LLC; HeidelbergCement AG; Hanson UK; LafargeHolcim Ltd.; Livingston's Concrete Service, Inc.; Martin Marietta Inc.; Prism Johnson Limited; R.W. Sidley, Inc.; U.S. Concrete, Inc.; UltraTech Cement Ltd.; Vicat SA; Vulcan Materials Company and Others.
Coverage: All major geographies and key segments
Segments: Type (Transit Mix, Central Mix, Shrink Mix); Application (Residential, Infrastructure, Commercial, Industrial)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Turkey; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Ready-Mix Concrete Market to Reach $865.9 Billion by 2026
Ready-mix concrete (RMC) is defined as a ready to use material that contains predetermined combination of aggregates, sand, water, and cement. Growth in the global market is led by high demand for such concrete, especially in urban areas. Recovering construction activity in developed economies and strong growth opportunities for residential and infrastructure construction projects in developing nations is expected to boost demand for construction materials in the future years. Other factors affecting the ready-mix concrete industry include environmental concerns; changes in lending standards and interest rates; and regional laws related to heavy transportation. In addition, regulatory mandates are spurring companies to invest in sustainable and advanced construction technologies, resulting in the development of new types of construction materials. For instance, new production technologies are enabling ready-mix concrete suppliers to continuously produce concrete volumes of more than 100 cubic meters per hour.

Amid the COVID-19 crisis, the global market for Ready-Mix Concrete estimated at US$575.4 Billion in the year 2020, is projected to reach a revised size of US$865.9 Billion by 2026, growing at a CAGR of 7.2% over the analysis period. Transit Mix, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$514.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Central Mix segment is readjusted to a revised 8.2% CAGR for the next 7-year period. Transit mixed concrete is the most commonly used type of ready-mix concrete. The transit-mixed concrete prevents issues associated with slump loss or early hardening of the concrete. Major advantage of central mixing is faster batching and minimal wear of the truck mixer drums.

The U.S. Market is Estimated at $74.5 Billion in 2021, While China is Forecast to Reach $336.6 Billion by 2026
The Ready-Mix Concrete market in the U.S. is estimated at US$74.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$336.6 Billion by the year 2026 trailing a CAGR of 8.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Developing economies are expected to lead growth in the global market led by improving construction activity, continuous industrialization in regional powerhouses such as China and India, increasing income levels, higher spending power, improving standards of living, and resulting higher demand for residential and commercial constructions. The developed markets show an increasing penchant for ready-mix concrete as compared to traditional site mixing.

Shrink Mix Segment to Reach $121.6 Billion by 2026
Shrink-mixed concrete refers to the type of ready-mix concrete prepared at the manufacturing units. The components are added to the batching plants, and the volumes are adjusted as per the strength requirements of the concrete. The concrete is then shifted through concrete pumps. In the global Shrink Mix segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$52.6 Billion in the year 2020 will reach a projected size of US$87.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$23.2 Billion by the year 2026, while Latin America will expand at a 7.7% CAGR through the analysis period. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today's busy business executive's intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]