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Ready-mix Concrete Market Growth Opportunities, Product Scope, and Revenue Estimation Drives Growth by 2026

01-21-2021 10:43 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

According to a new report published by Allied Market Research, titled, "Ready-mix Concrete Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global ready-mix concrete market size was valued at $491.6 billion in 2018, and is projected to reach $766.6 billion by 2026, growing at a CAGR of 5.5% from 2019 to 2026.

Rise in demand for ready-mix concreate sustainable infrastructure, increase in urbanization and industrialization in developing countries, surge in construction activities drive the growth of the global ready-mix concrete market. On the other hand, volatile economic conditions in Latin America, and loss of workability curtail down the growth. Nevertheless, increase in government and private investments in the infrastructure sector is anticipated to pave the way for an array of opportunities in the near future.

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Leading Players:

The key players profiled in the ready-mix concrete market report include ACC Limited, Barney & Dickenson, Inc., CEMEX S.A.B. de C.V., Heidelberg Cement, Holcim Ltd., SIKA Group, Ultra Tech Cement Limited, Vicat SA, CRH plc, and Vulcan Materials Company.

The central mix concrete is popular due to its less dependency on human labors, which reduces the dependency on labors and saves extra cost. Moreover, the growth in the commercial and industrial construction is expected to increase the demand for central mix concrete around the globe especially in Asia-Pacific. The new investments in construction is helping many firms to enter the infrastructure market; thereby, boosting the growth of the market. For instance, in May 2019, Angelo, Gordon & Co., L.P., an investment firm has raised over $2.75 billion for its U.S. real estate fund. The new investment aims to focus on construction of distressed office, residential, hotel, residential housing, and student hostels, primarily located in the U.S.

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Global Ready Mix Concrete Market Segments:

By Type
• Transit Mix Concrete
• Central Mix Concrete
• Shrink Mix Concrete

By Application
• Commercial and Infrastructure
• Residential
• Industrial

Key Findings of the Study:

• The report provides an extensive analysis of the current and emerging ready-mix concrete market trends and dynamics.
• Depending on type, the transit mix concrete segment dominated the market, in terms of revenue in 2018 and the shrink mix concrete segment is projected to grow at a CAGR 5.8% during the forecast period.
• By application, the commercial and infrastructure segment led the market in 2018.
• LAMEA is projected to register the highest growth rate in the coming years.
• The key market players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the ready-mix concrete industry.
• The report provides an extensive analysis of the ready-mix concrete market trends and emerging opportunities of the market.
• In-depth ready-mix concrete market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
• The global ready-mix concrete market forecast analysis from 2018 to 2026 is included in the report.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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