Ready-mix concrete has gained immense popularity as a replacement for conventional concrete due to its numerous advantages. It offers greater convenience, simplicity, and improved quality, making it a preferred choice for construction projects. Ready-mix concrete is prepared in controlled environments, ensuring consistent mix proportions and superior performance. Moreover, its quick and efficient delivery reduces on-site labor requirements, accelerating construction timelines. The development of mobile ready-mix concrete machines further enhances its appeal, enabling timely delivery to significant construction sites. With these benefits and innovations, the ready-mix concrete market is poised to experience substantial growth during the forecast period, transforming the construction industry.
According to Data Bridge Market Research, the Global Ready-Mix Concrete Market is expected to reach the value of USD 181.14 billion in 2021 and is expected to reach USD 1,427.31 billion by 2029, registering a CAGR of 8.50% during the forecast period of 2022-2029.
" Time and cost efficiency surge market demand"
Ready-mix concrete's time and cost efficiency stem from its pre-mixed nature, allowing immediate use upon delivery. On-site concrete mixing entails extensive labor, equipment setup, and potential material wastage. Conversely, ready-mix concrete eliminates these complexities, expediting construction timelines and reducing labor requirements. Its consistent mix proportions ensure higher quality and fewer disruptions, making it ideal for large-scale projects. The time and cost savings associated with ready-mix concrete enable faster project completion and improved cost-effectiveness, driving its preference in the construction industry.
What restraints the growth of the global ready-mix concrete market?
" Seasonal demand fluctuations can impede the market growth”
Seasonal demand fluctuations pose a restraint on the ready-mix concrete market as they can be influenced by weather conditions and construction activity patterns. In colder months or rainy seasons, construction projects may decrease, leading to reduced demand for concrete. Consequently, ready-mix concrete suppliers may experience periods of lower demand and reduced profitability. Such fluctuations can create challenges for suppliers in terms of production planning, inventory management, and resource utilization, impacting their overall financial performance and stability.
Segmentation: Global Ready-Mix Concrete Market
The global ready-mix concrete market is segmented on the basis of type, production, mixer type, and application.
- On the basis of type, the ready-mix concrete market is segmented into transit mixed concrete, shrink mixed concrete, and central mixed concrete.
- On the basis of production, the ready-mix concrete market is segmented into on-site, off-site.
- On the basis of mixer type, the ready-mix concrete market is segmented into volumetric, barrel truck/in-transit mixer.
- On the basis of application, the ready-mix concrete market is segmented into commercial building, residential building, infrastructure, and industrial utilities.
Regional Insights: North America dominates the Global Ready-Mix Concrete Market
North America's dominant position in the ready-mix concrete market is fueled by its significant market share and revenue, which is expected to persist during the forecast period of 2022-2029. The region's continuous growth is largely due to the rise in new infrastructure projects being undertaken. The demand for ready-mix concrete has surged as it offers enhanced construction efficiency, quality, and convenience. With an ever-expanding infrastructure sector, North America is set to maintain its market dominance in the coming years.
Asia-Pacific is poised for lucrative growth in the ready-mix concrete market from 2022 to 2029, driven by extensive infrastructural developments and government support in India and China. The increasing focus on improving road infrastructure and the growth of the industrial sector within the region contribute to the rising demand for ready-mix concrete. As a result, Asia-Pacific is expected to witness significant expansion, making it a key growth region in the global market during the forecast period.
To know more about the study, visit, https://www.databridgemarketresearch.com/ar/reports/global-ready-mix-concrete-market
The Prominent Key Players Operating in the Global Ready-Mix Concrete Market Include:
- Arkema (France)
- Sika AG (Switzerland)
- BASF SE (Germany)
- GCP Applied Technologies Inc., (U.S.)
- MAPEI S.p.A. (Italy)
- Kao Corporation (Japan)
- M&I Materials Limited (U.K)
- Dupont (U.S.)
- SOLVAY (Belgium)
- W. R. Grace & Co.-Conn. (U.S.)
- Setral Chemie GmbH (Germany)
- Enaspol a.s (Czech Republic)
- CAC Admixtures (India)
- CHRYSO GROUP (France)
- Ashland Inc (U.S.)
- Rhein-Chemotechnik GMBH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global ready-mix concrete market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Ready-Mix Concrete Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
