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Comprehensive 2025 Ready Mix Concrete Market Overview: Trends, Forecasts, and Growth Drivers
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Is the Expected CAGR for the Ready Mix Concrete Market Through 2025?
The size of the ready mix concrete market has experienced robust growth in the past few years. Its value is expected to increase from $874.38 billion in 2024 to $942.96 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.8%. Factors contributing to the growth in the historic period include a rising population, an uptick in residential construction, enhanced demand for high-performance concrete, and an increase in the utilization of recycled materials.
What's the Projected Size of the Global Ready Mix Concrete Market by 2029?
In the coming years, the size of the ready mix concrete market is poised for robust growth. By 2029, the market is projected to reach a size of $1257.56 billion, registering a compound annual growth rate (CAGR) of 7.5%. Factors contributing to this predicted growth over the forecast period include a surge in demand for sustainable and eco-friendly building materials, an increased appetite for self-consolidating concrete, growing government investment, awareness of the advantages of ready-mix concrete, and a rising desire for bespoke concrete solutions. Technology advancement and automation stand to be significant trends in this forecast period.
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Top Growth Drivers in the Ready Mix Concrete Industry: What's Accelerating the Market?
The growth of the ready-mix concrete market is anticipated to be fueled by the augmented requirement for infrastructure maintenance and repair. In the context of this assertion, maintenance and repair of infrastructure entail the upkeep, construction, or mending of various components such as irrigation mechanisms, roadways, pedestrian paths, constructions, fencing, and walls, among others. The conservation of infrastructure through the renovation and repair of structures, roadways, and bridges is facilitated by ready-mix concrete. It is commonly employed to fix concrete structures that have developed cracks, rectify potholes, and refurbish damaged concrete surfaces. For example, data from the Department for Business, Energy and Industrial Strategy, a government department in the UK, indicates that in February 2023, the UK's construction production increased by 0.3% during the fourth quarter (October - December) of 2022, compared to the third quarter (July-September) of the same year. This included increases in both new works (0.4%) and repair and maintenance (0.1%). Additionally, 2022 witnessed a 5.6% growth in annual construction production as compared to 2021. Hence, the amplified demand for infrastructure maintenance and repair is boosting the growth of the ready-mix concrete market. The anticipated growth in the ready-mix concrete market is further expected to be reinforced by escalating investments in infrastructure. Infrastructure investments typically imply the allotment of funds for advancing, enhancing, and maintaining essential physical edifices and systems that aid economic activities. Ready-mix concrete is integral to the growth of infrastructure since it finds use in the construction of varied structures and junctures such as roadways and highways, bridges and tunnels, buildings and other structures, and numerous infrastructure projects. An instance to stress its importance is that in 2022, USA Facts, a non-profit organization in the US, reported that the federal government spent $36.6 billion directly on infrastructure and also transferred an additional $94.5 billion to states. The allocation included a fresh spend of $550 billion to enhance roadways, bridges, rail networks, provide high-speed internet access and deal with climate-related concerns. Thus, the growth in investments in infrastructure is propelling the growth of the ready-mix concrete market.
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What Trends Will Shape the Ready Mix Concrete Market Through 2029 and Beyond?
Leading firms in the ready-mix concrete sphere are keen on creating novel items, such as pre-mixed concoctions, in order to maintain their marketplace standing. A pre-mixed concoction blends several elements together beforehand, resulting in a unified component. To illustrate, ACC Limited, an organization from India specializing in cement and ready-mixed concrete production, introduced Bagcrete in March 2023. This groundbreaking concrete solution and pre-mixed concoction comprise cement, sand, and aggregates. The product is designed to offer compressive strength (10 MPa to 80 MPa), enduring workability, and easy integration. Its specialty lies in the fact that it boosts productivity by allowing easy transportation in bags, making it ideal for remote construction sites and repair jobs. ACC Bagcrete is available in two variants: dry-mix and wet-mix. The former is a pre-mixed concrete that only demands water while the latter is a ready-to-use concrete that needs no further mixing before application.
What Are the Main Segments in the Ready Mix Concrete Market?
The ready mix concrete market covered in this report is segmented -
1) By Type: Transit Mix Concrete, Central Mix Concrete, Shrink Mix Concrete
2) By Mixer Type: Volumetric, Barrel Truck Or In-Transit Mixer
3) By Delivery Model: On-Site, Off-Site
4) By Application: Commercial, Residential, Infrastructure, Industrial Utilities
Subsegments:
1) By Transit Mix Concrete: Standard Transit Mix, High-Strength Transit Mix, Lightweight Transit Mix
2) By Central Mix Concrete: Dry Batch Central Mix, Wet Batch Central Mix
3) By Shrink Mix Concrete: Shrink-Mixed Concrete for Pavements, Shrink-Mixed Concrete For Structures
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Which Top Companies are Driving Growth in the Ready Mix Concrete Market?
Major companies operating 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.
Which Regions Will Dominate the Ready Mix Concrete Market Through 2029?
Asia-Pacific was the largest region in the ready-mix concrete market in 2024. The regions covered in ready mixed concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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