The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

In recent years, the ready-mix concrete market has experienced robust growth, ascending from $804.58 billion in 2023 to a projected $874.38 billion in 2024, reflecting a noteworthy compound annual growth rate (CAGR) of 8.7%. This surge can be attributed to factors such as an expanding population, increased residential construction, a rising demand for high-performance concrete, and the upswing in utilizing recycled materials.

Anticipated Growth Trajectory
The trajectory for the ready-mix concrete market continues to point upward, with expectations of reaching $1162.27 billion in 2028 at a CAGR of 7.4%. The projected growth in the forecast period is driven by various factors, including an escalating demand for sustainable and eco-friendly construction materials, an increased preference for self-consolidating concrete, growing government investments, rising awareness of the benefits of ready-mix concrete, and a surge in demand for customized concrete. Noteworthy trends in the forecast period include significant advancements in technology and automation.

Growing Demand For Infrastructure Maintenance Boosts Ready-Mix Concrete Market

Infrastructure Maintenance as a Catalyst
The surge in demand for infrastructure maintenance and repairs is poised to be a key driver for the ready-mix concrete market. Infrastructure maintenance spans a spectrum of activities involving the upkeep, construction, or repair of various components such as roads, buildings, irrigation systems, fences, and walls. Ready-mix concrete plays a pivotal role in these processes by facilitating the repair and renovation of structures like buildings, roads, and bridges.

UK Construction Production Highlights
In the UK, quarterly construction production witnessed a 0.3% increase in Q4 2022 compared to Q3 2022. Both new work and repair and maintenance showed positive trends, indicating a dynamic construction sector. The annual production of construction in 2022 surged by 5.6% compared to the preceding year. This underscores the crucial role of ready-mix concrete in supporting infrastructure maintenance and repair activities.

Key Players and Market Dynamics
Major players contributing to the growth of the ready-mix concrete market include industry stalwarts like Holcim Group, Heidelberg Cement AG, CEMEX S.A.B. de C.V, and UltraTech Cement Ltd. These companies, through their strategic positioning and innovations, play a pivotal role in shaping the dynamics of the market.

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Leading Companies Innovate With Pre-Blended Mixture Solutions In Ready-Mix Concrete Market

Focus on Innovation
Major companies in the ready-mix concrete market are at the forefront of innovation, introducing products like pre-blended mixtures to maintain their market dominance. A pre-blended mixture combines various elements in advance to form a single ingredient, providing a convenient solution for construction needs.

ACC Limited’s Bagcrete: A Unique Concrete Solution
ACC Limited, an India-based cement and ready-mixed concrete manufacturer, unveiled Bagcrete in March 2023. This innovative concrete solution is a pre-blended mixture of cement, sand, and aggregates. Bagcrete is designed to offer compressive strength ranging from 10 MPa to 80 MPa, workability retention, and easy insertion. With both dry-mix and wet-mix variants, Bagcrete caters to diverse construction requirements.

Holcim Expands North American Presence With Acquisition Of Cajun Ready Mix Concrete LLC

Strategic Expansion
In May 2022, Holcim Ltd., a Switzerland-based building material manufacturing company, expanded its North American footprint through the acquisition of Cajun Ready Mix Concrete LLC. This strategic move enhances Holcim’s distribution network and strengthens its presence in the North American market. Cajun Ready Mix Concrete LLC, a US-based manufacturing company, offers a range of services and building materials, including cement and ready-mix concrete.

Segmentation: Navigating the Ready-Mix Concrete Market Landscape

1) By Type:

• Transit Mix Concrete
• Central Mix Concrete
• Shrink Mix Concrete

2) By Mixer Type:

• Volumetric
• Barrel Truck Or In-Transit Mixer

3) By Delivery Model:

• On-Site
• Off-Site

4) By Application:

• Commercial
• Residential
• Infrastructure
• Industrial Utilities

Regional Dynamics: Asia-Pacific Takes the Lead
In 2023, Asia-Pacific emerged as the largest region in the ready-mix concrete market. This dominance is indicative of the region’s burgeoning construction activities and the pivotal role of ready-mix concrete in meeting the escalating demands of the construction sector. As the ready-mix concrete market continues to evolve, regional dynamics will play a crucial role in shaping its trajectory.

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The Ready Mix Concrete Global Market Report 2023  provides an overview of the ready mix concrete market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ready mix concrete market forecast analyzes ready mix concrete market size, ready mix concrete market share, leading competitor and their market positions.

The Table Of Content For The Ready Mix Concrete Market Include:
1. Ready Mix Concrete Market Executive Summary
2. Ready Mix Concrete Market Segments
3. Ready Mix Concrete Market Size And Ready Mix Concrete Market Growth Rate
4. Key Ready Mix Concrete Market Trends
5. Major Ready Mix Concrete Market Drivers
……
25. Key Mergers And Acquisitions In The Ready Mix Concrete Market
26. Top Ready Mix Concrete Companies
27. Ready Mix Concrete Market Opportunities And Strategies
28. Ready Mix Concrete Market, Conclusions And Recommendations
29. Appendix

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