Ready-Mix Concrete Market is expected to reach USD 1377.0 billion by 2030

Report Overview
Global Ready-Mix Concrete Market reached USD 857.3 billion in 2022 and is expected to reach USD 1377.0 billion by 2030, growing with a CAGR of 8.2% during the forecast period 2023-2030.

The relentless pace of urbanization worldwide has ignited a surge in the demand for ready-mix concrete. As a growing number of individuals migrate to urban areas in pursuit of enhanced opportunities, the imperative for modern infrastructure and housing has become more pronounced.

Within the types segment, transit mix concrete stands out, holding more than half of the market share. In parallel, the Asia-Pacific region emerges as the dominant force in the ready-mix concrete market, capturing a substantial market share exceeding one-third. The prominence of Asia-Pacific is attributed to the region's rapid urbanization and industrialization. This ascent is marked by significant growth and the introduction of innovative product offerings, positioning the Asia-Pacific region as a key player in the global ready-mix concrete market.

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Market Dynamics

Urbanization and Infrastructure Development: Catalysts for Ready-Mix Concrete Market Growth

The burgeoning growth of the ready-mix concrete market is intricately linked to the dual forces of rapid urbanization and the imperative for extensive infrastructure development. With urban populations on the rise globally, the demand for residential, commercial, and public infrastructure projects has experienced a substantial surge. Government initiatives aimed at modernizing and expanding both residential and commercial spaces have fueled a noteworthy increase in the consumption of ready-mix concrete.

Moreover, the enhancement and revitalization of existing infrastructure are pivotal contributors to the market's growth trajectory. The United Nations Department of Economic and Social Affairs projects that the global urban population will reach 68% by 2050. Consequently, nations are channeling investments into the construction of vital infrastructure such as roads, bridges, airports, and other essential components to meet the evolving needs of their expanding urban populations. The convergence of urbanization and infrastructure development is thus serving as a powerful catalyst, propelling the growth of the ready-mix concrete market on a global scale.

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Market Segmentation
By Type
Transit Mix Concrete
Central Mix Concrete
Shrink Mix Concrete

By Mixer Type
Ball Mills
Barrel Truck/In-transit mixer

By Application
Commercial & Infrastructure
Residential
Industrial

Market Key Players
Major players are UltraTech Cement Limited, CRH plc, HEIDELBERGCEMENT AG, SIKA group, Vicat SA, Holcim Ltd., Vulcan Materials Company, Barney & Dickenson, Inc, ACC Limited and CEMEX S.A.B. de C.V.

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