Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 623 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $421.4 Billion |
| Forecasted Market Value (USD) by 2030 | $774.5 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Concrete Shortage Hampers Prospects
- Sophisticated Concrete Admixtures Spawn New Era for Ready-Mix Industry
- Customized Admixtures for High-Strength Concrete
- Admixtures for Precast Applications
- Customized Admixtures to Improve Concrete Rheology
- Seeing Concrete through Green Lens: Promising Developments
- Industry Invests in Recycling Concrete
- New Technology Adoption in the Concrete Industry
- Digitalization Streamlines Ready-Mix Operations & Distribution Mechanism, Infusing More Operational Efficiency
- Integration of Disparate Systems
- Integrated Job Status for Real-Time Tracking
- Subscription-based Services
- Ready-Mix Concrete Industry Gears Up for Industry 4.0
- ML & AI Seek Role in Ready-Mix Concrete Business
- Concrete Pumps Improve Ready-Mix Concrete Market
- COVID-19 Expedites Ready-Mix Concrete Industry's Shift towards New Domain of Cloud Services
- High Rise Building Projects Drive Demand for High Performance Concrete
- Completions of 200-Meter-Plus Buildings: 2010-2021
- COVID-19 Provides Appropriate Timing to Fast-Track Major Infrastructure Projects
- Innovative Concrete Solutions Address Evolving Construction Requirements
- Producers Bet on Advanced Solutions to Cool Concrete & Ensure Quality Product
- Infrastructure Investment Patterns Strongly Influence the Market
- Projected Infrastructure Investment Needed (in US$ 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/40ykbl
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