Ready Mix Concrete Global Market Report 2024

The global ready mix concrete market has grown strongly in recent years. It will grow from $804.58 billion in 2023 to $874.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing population, rise in residential construction, growing demand for high-performance concrete, increasing use of recycled materials.

The global ready mix concrete market is expected to see strong growth in the next few years. It will grow to $1162.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for sustainable and eco-friendly construction materials, growing demand for self-consolidating concrete, increasing government investments, growing awareness of the benefits of ready-mix concrete, growing demand for customized concrete. Major trends in the forecast period include advancements in technology and automation.

The ready-mix concrete market is poised for growth, primarily fueled by the surging demand for infrastructure maintenance and repairs. Infrastructure maintenance and repairs encompass a range of activities focused on the upkeep, construction, or restoration of various infrastructure elements, including irrigation systems, roads, pathways, buildings, fences, and walls, among others. Ready-mix concrete plays a pivotal role in sustaining and rejuvenating infrastructure by addressing issues such as repairing and renovating buildings, roads, and bridges. It is frequently employed for tasks like repairing cracked concrete structures, filling potholes, and restoring damaged concrete surfaces. For instance, as of February 2023, data from the UK Department for Business, Energy, and Industrial Strategy revealed a 0.3% increase in quarterly construction production in the UK during the fourth quarter of 2022, compared to the preceding quarter. This growth was observed in both new construction work (0.4%) and repair and maintenance activities (0.1%). Moreover, in 2022, the annual production of construction registered a notable 5.6% increase compared to 2021. Consequently, the escalating demand for infrastructure maintenance and repairs is a significant driver behind the expansion of the ready-mix concrete market.

Increasing investments in infrastructure are poised to drive the future growth of the ready-mix concrete market. Infrastructure investments involve the allocation of financial resources toward the development, enhancement, and maintenance of critical physical structures and systems that underpin economic activities. Ready-mix concrete is a pivotal component in infrastructure development, finding applications in the construction of roads, bridges, tunnels, buildings, various infrastructure projects, and more. For example, in 2022, data from USA Facts, a US-based non-profit organization and data-oriented website, revealed that the federal government allocated $36.6 billion for infrastructure spending and transferred an additional $94.5 billion to states. This initiative included $550 billion in new spending to revamp transportation systems, provide high-speed internet access, address environmental concerns, and rebuild critical infrastructure like roads, bridges, and airports. Consequently, the growing investments in infrastructure are propelling the expansion of the ready-mix concrete market.

The lack of adequate setup space in proximity to the construction site has the potential to significantly impede the growth of the ready-mix concrete market. Ready-mix concrete necessitates a designated area for proper material mixing, and if such space is unavailable near the construction site, it may require the transportation of the mixture. This transportation can result in delays caused by traffic, and the concrete may settle or lose its workability. For example, as of June 2022, information from the Arizona Department of Transportation, a state government agency in the United States, indicates that ready-mix concrete has a limited working life of 90 minutes from the batching process. After this timeframe, the mixture begins to lose its workability and strength, making it challenging to place and finish the concrete. Hence, the absence of setup space near the construction site acts as a hindrance to the growth of the ready-mix concrete market.

Leading companies in the ready-mix concrete market are actively engaged in the development of innovative products, such as pre-blended mixtures, to maintain their competitive standing. A pre-blended mixture comprises a combination of multiple elements that have been pre-mixed to form a single, integrated ingredient. For instance, in March 2023, ACC Limited, a prominent Indian manufacturer of cement and ready-mixed concrete, introduced Bagcrete, an inventive concrete solution consisting of a pre-blended mixture of cement, sand, and aggregates. Bagcrete has been engineered with a focus on delivering compressive strength ranging from 10 MPa to 80 MPa, retaining workability, and offering convenience in application. This unique concrete solution enhances productivity by being conveniently packaged in bags, making it particularly suitable for remote construction sites and maintenance projects. ACC Bagcrete is available in two variants such as dry-mix, which is pre-blended concrete requiring only the addition of water for immediate use, and wet-mix, a ready-to-use concrete blend that eliminates the need for further mixing before application.

In May 2022, Holcim Ltd., a Swiss building material manufacturing company, completed the acquisition of Cajun Ready Mix Concrete LLC for an undisclosed sum. This strategic move by Holcim is geared towards expanding its presence and distribution network across North America. Cajun Ready Mix Concrete LLC, based in the United States, is a manufacturing company that provides various services and building materials, including cement and ready-mix concrete.

Major players in the ready mix concrete market are Holcim Group, Heidelberg Cement AG, CEMEX S.A.B. de C.V, UltraTech Cement Ltd., Vulcan Materials Co., Martin Marietta Materials Inc., CRH PLC, Cementir Holding NV, Argos SA, Titan America LLC, Thomas Concrete Group, Buzzi Unicem SpA, Ash Grove Cement Company, Irving Materials Inc., R.W. Sidley Inc., CalPortland Company, Prairie Material, Ozinga Bros Inc., BuzziUnicem S.p.A, Chaney Enterprises LP, St. Marys Cement Group, Maschmeyer Concrete Company, Don Chapin Co., Norwalk Concrete Industries Inc., Leesburg Concrete Company.

Asia-Pacific was the largest region in the ready-mix concrete market in 2023. The regions covered in ready mixed concrete report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ready mixed concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of ready-mix concrete are transit mix concrete, central mix concrete and shrink mix concrete. Transit mix concrete is a type of concrete mixture that is pre-mixed in a central plant and transported to the construction site in specially designed trucks. The types of mixtures involved are volumetric and barrel truck or in-transit mixer. These can be delivered through on-site and off-site delivery models for several applications, including commercial, residential, infrastructure and industrial utilities.

This report provides ready mix concrete market statistics, including ready mix concrete industry global market size, regional shares, competitors with a ready mix concrete market share, detailed ready mix concrete market segments, market trends and opportunities and any further data you may need to thrive in the ready mix concrete industry. This ready mix concrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ready mixed concrete market consists of sales of standard ready-mix concrete, decorative or architectural ready-mix concrete, rapid-setting ready-mix concrete, high-strength concrete mix and fast-setting concrete mix. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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