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India Ready Mix Concrete Market is anticipated to grow at a steady CAGR in the forecast period 2024-2028.
Concrete that has been prepared in a batch factory specifically for each task need and is then delivered to the job site 'ready to use' is known as ready-mix concrete (RMC). There are two types of vehicles, the first type being the barrel truck or in- transit mixer. This kind of vehicle transports plasticized concrete to the job site. On the other hand, the volumetric concrete mixer is the second type. This method mixes the concrete on site after delivering the ready mix in a dry form. Other sources, however, categorize the substance into three categories: transit mix, central mix, and shrink mix concrete. Concrete that is particularly produced for clients' construction projects and provided to the customer on site as a single product is referred to as ready-mix concrete.
Government Initiatives in the Infrastructure and Construction Sector
India has an unprecedented demand for infrastructure. In an effort to hasten the development of India's infrastructure, the government has granted Real Estate Investment Trust (REIT) authorization to assist investors in entering the real estate market there. As a result, during the next several years, the Indian market presents an opportunity of USD 19.65 billion. Through the Global Housing Technologies Challenge, the government hopes to update the construction industry's technology.
The nation has allocated USD29.2 billion for the Smart-Communities initiative, which aims to create world-class, sustainable communities. With investments of USD16.5 billion, 75% of the projects were finished by June 2020. The national government has allotted USD16.5 million for the HRIDAY initiative, which promotes the growth of historic cities. AMRUT and Pradhan Mantri Awas Yojana, a national housing program (PMAY), among other government initiatives, are anticipated to have a significant positive impact on the infrastructure and construction sectors. In many respects, this would increase demand for ready-mix concrete in the upcoming years.
Market Segmentation
The India Ready Mix Concrete Market is divided into Production Site, Product Type, Application, Region and Competitive Landscape. Based on production site, the market is divided into on site and off site. Based on product type, the market is segmented into Transit Mixed Concrete, Central Mix Concrete and Shrink Mixed Concrete. Based on application, the market is segmented into Commercial, Residential, Infrastructure and Industrial.
Market Players
Major market players in India ready mix concrete market are Ultra Tech Cement Limited, ACC Limited, Nuvoco Vistas Corp. Ltd, RDC Concrete (India) Pvt. Ltd, Ijm Concrete Products Private Limited, Prism Johnson Limited, The India Cements Limited, The Ramco Cement Limited, Adani Group and JK Lakshmi Cement Ltd.
Report Scope:
In this report, the India ready mix concrete market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
India Ready Mix Concrete Market, By Production Site:
- On Site
- Off Site
India Ready Mix Concrete Market, By Product Type:
- Transit Mixed Concrete
- Central Mix Concrete
- Shrink Mixed Concrete
India Ready Mix Concrete Market, By Application:
- Commercial
- Residential
- Infrastructure
- Industrial
India Ready Mix Concrete Rental Market, By Region:
- North India
- South India
- West India
- East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India Ready Mix Concrete Market.
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Table of Contents
Companies Mentioned
- Ultra Tech Cement Limited
- ACC Limited
- Nuvoco Vistas Corp. Ltd
- RDC Concrete(India) Pvt. Ltd
- Ijm Concrete Products Private Limited
- Prism Johnson Limited
- The India Cements Limited
- The Ramco Cement Limited
- Adani Group
- JK Lakshmi Cement Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 72 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 13.2 Billion |
| Forecasted Market Value ( USD | $ 21.18 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | India |
| No. of Companies Mentioned | 10 |
