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Base Year: 2024
Companies covered: 13
Tables & Figures: 211
Countries covered: 18
Pages: 365
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Ready-mix Concrete Market
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Ready-mix Concrete Market Size
The global ready-mix concrete market was valued at USD 815.1 billion in 2024 and is estimated to grow at a CAGR of over 8.6% from 2025 to 2034. The shift towards increased levels of urbanization, coupled with the need for large-scale infrastructure projects being put into place, is a major growth driver. There is greater demand for quality construction materials due to an increase in population and expansion of cities. Public and private sectors are spending a lot on infrastructure, transportation, and residential areas which heavily rely on ready-mix concrete. In addition, modern construction requires a seamless blend of quality, time efficiency, and less material wastage, all of which can be provided by RMC.
Urbanization is on the rise, and more people are relocating to cities in search of better prospects. The United Nations estimates that nearly Two-thirds of the world population is projected to shift to urban dwellings by 2050. This increases the demand for residential as well as commercial infrastructure, especially in economies like China, India, Indonesia, and Brazil. There are a multitude of reasons for RMC demand including high-rise buildings, smart city projects, and government-sponsored affordable housing programs. In India, the ambitious PMAY scheme is aimed at providing affordable housing, which directly increases the RMC markets.
Aside from residential building, the construction of new infrastructure also creates demand for RMC. Every government in the world is investing heavily in the construction of roads, bridges, tunnels, airports and metro rail systems which all need high quality, durable and tough concrete. This is the case for the Belt and Road Initiative (BRI) in China and the Infrastructure Investment and Jobs Act in the US which are increasing the consumption of concrete. Even other public services like hospitals, schools, and other government structures also need massive amounts of tough and quality concrete which is supporting the market further.
RMC is particularly more beneficial in urban and infrastructure projects because these are highly dependable and useful. The conventional method of mixing concrete onsite is very costly and labor intensive relative to RMC which is produced in controlled environments, guaranteeing consistent composition and superior strength. For large-scale construction projects, RMC saves considerable time as there is no need to prepare onsite. In addition, using RMC minimizes wastage of raw materials making it an environmentally safe and favorable option in the construction industry.
As the process of urbanization continues and more infrastructure development takes place, the consumption of ready-mixed concrete is expected to grow continuously. The demand for residential and commercial buildings and other transportation infrastructure will continue to increase, making RMC an essential raw material for the modernization of urban areas.
Ready-mix Concrete Market Trends
Green Concrete Adoption Trends- The evolution of the ready-mix concrete (RMC) industry is significantly influenced the increasing integration of sustainable and eco-friendly offering such as green concrete. All levels of government as well as the construction industry is working to mitigate the effects of construction on the environment, which spurs green concrete innovation. Innovations like the inclusion of fly ash, slag, and recycled aggregates in the formulation of RMCs is being accepted. Additionally, companies are investing in carbon capture technology to reduce carbon emissions during concrete production. The industry is witnessing renewed emphasis on the compliance to environmental regulations and the global shift towards net-zero emissions is setting the pace for these changes.
Self-Healing Concrete Market Growth- An innovation that is similarly contributing to the evolution of the RMC industry is the self-healing concrete. The addition of bacteria, microcapsules, or other healing agents enable concrete structures to heal some of the minor slits on their own. This has led to an increased lifespan of the concrete and reduced costs for maintenance. This technology is useful particularly for infrastructure assets like bridges and highways or tunnels that are costly and take a lot of time to repair. With increased research and development in self-healing materials, self-repairing RMC is bound to be the norm in coming years.
Integration of Smart Concrete Technology- Advanced construction practices now include Smart Concrete technology which combines the application of sensors and IoT devices to ready-mix concrete. The technology can monitor the temperature, humidity, and even the structural integrity of the concrete in real time which can assist managers with predictive maintenance and efficient resource allocation. Smart concrete solutions are beneficial in the economical supervision even in multi storey and projects where monitoring remote automated control is the primary objective. This integration of engineering technology is also important in sustaining the temperature measures in the growing number of skyscrapers and infrastructure projects smart concrete capabilities are particularly useful for large construction projects where structural monitoring is critical for safety and longevity.
Growth in Prefabricated and Modular Construction- Smart concrete technology facilitates RMD in the production of ready-mix concrete for the increasing popularity of prefabricated and modular building constructions which incorporate residential, commercial, and industrial projects. RMC offers a construction material that is reliable and durable for off-site structures while simultaneously reducing the time and cost for labour. In addition, other precast concrete RMC elements like beams, and slabs, and wall panels provided in the assemblies’ benefit from these cost-effective construction approach methods.
Tarriff Impact
Recent U.S. tariff policies under President Donald Trump have greatly affected the ready-mix concrete market by elevating material costs and interfering with supply chains. In March of 2025, the administration placed a 25% tariff on cement imports from Canada and from Mexico, which together supply approximately 27% of U.S. cement imports and constitute nearly 7% of domestic consumption. This has raised concerns in the industry: that infrastructure projects shall face delays and cost overruns. The Portland Cement Association (PCA) maintains that such tariffs would create barriers to energy and national security, thus in turn delaying infrastructure projects and raising their costs.
The construction industry is also faced with tariffs on other raw materials. The Trump administration has maintained 25% tariffs on steel and aluminum imports and has proposed tariffs on copper and lumber. These tariffs, in increasing construction material costs by an estimated USD 3 to 4 billion, constitute a new tax on builders that will ultimately be passed on to the homebuyers. The National Association of Home Builders estimates that anywhere from USD 7,000 to USD 9,200 could be added to the cost of a new home because of these tariffs.
The cumulative effect of the tariffs adds substantial costs to construction and reduces profit margins for builders, who must finally pass their costs on to consumers. The concrete market is particularly vulnerable to these changes because it is very reliant on cement and other materials that are imported. Concerned industry leaders are making calls for policies that could lessen these impacts and create certainty for the construction industry.
Ready-mix Concrete Market Analysis
In terms of type, the market is segmented into transit mix concrete, shrink mix concrete, and central mix concrete. The transit-mix concrete segment crossed USD 524.4 billion revenue in 2024 and expected to reach USD 1.07 trillion by 2034.
Due to its flexibility and wide range of applications, transit mix concrete dominates the ready-mix concrete market. This particular kind of concrete is mixed in a rotating drum and is actively blended during transport to the construction site, which guarantees a consistent mix and mitigates the risk of premature setting. Because mixing occurs while driving towards a construction site, it eliminates the necessity for extensive batching equipment and concrete can easily be provided for both urban and remote settings.
Another key advantage transit mix concrete possesses is the ability to accommodate different scales of projects. Be it other regional residential constructions or large infrastructural projects, this type of concrete has a wide array of applications that require minimal equipment. This results in lower labor costs, as well as decreased material wastage, benefiting all contractors. Furthermore, concrete mix designs are easy to customize due to changing water, additives, and admixture content, allowing even greater market dominance.
The unrivaled leadership position along with the numerous transit mix concrete suppliers aids in its magnificent spreadable position. The large number of ready-mix suppliers possesses a large fleet of transit mixers which guarantees delivery required during the set time, and this is very important for the realization of engineers and building objectives.
With respect to application, the market is segmented as residential, commercial and industrial and infrastructure. The residential segment dominated the market by holding 35.3% share in ready-mix concrete market. Because of the increasing need for new houses, renovations, and urban development, the residential sector leads to the demand for ready-mix concrete. Accompanied by urbanization and population growth, there continues to remain a strong demand for residential construction such as building single family homes, multi-story apartments, and gated communities. As it is simple to use, ready-mix concrete offers a dependable solution to builders and contractors without them having to worry about optimal construction quality while greatly minimizing material waste. Furthermore, its consistent strength makes it ideal to be used as the foundation, wall, driveway, and flooring in residential projects.
One of the most notable is the shift towards green building and energy efficient construction. Along with developers, many homeowners are also increasing the use of ecofriendly construction materials. Ready-mix concrete fulfills all these requirements because of its long lifespan as it is also recyclable, and increases building thermal insulation. Furthermore, the use of advanced concrete mixes with superior performance, such as self-compacting and high strength concrete, support the ready-mix widespread use in residential construction.
Demand for ready-mix concrete in the residential sector is fueled by government policies and housing programs. Governments in several nations provide grants, tax incentives, and low funding rates for the construction of economical houses which help stimulate the construction industry. Moreover, the increasing popularity of prefabricated and modular houses which need quality concrete to support their structures further cements the position of the residential sector in the ready-mix concrete industry. Consequently, the residential real estate construction sector remains one of the main drivers of growth in the market.
Regarding the country landscape, the U.S. ready-mix concrete market is anticipated to depict a CAGR of more than 8% from 2025 to 2034. The U.S. industry was worth over USD 130 billion in 2024, because of expansion and urban agglomeration. Along with the state entities, the federal government also invests a considerable amount in the construction of roads, bridges, airports, and public transit systems. The Bipartison Infrastructure Law has also increased construction activities.
The residential construction sector is another factor driving the US ready-mix concrete market. With the population growth, the demand for single family homes, apartments, and mixed-use buildings has increased greatly. There has also been rampant increase in remodeling and renovation. Along with being cost-effective, ready-mix concrete offers reliable solutions for residential builders for driveways, foundations, patios, walls, and is essential for residential builders. There is also an increasing acceptance for eco-friendly, energy-efficient concrete solutions due to rising sustainability concerns in the housing industry.
The advancement of concrete technology and production techniques has further opened up the market. Fuel-efficient delivery vehicles alongside automated batching plants and advanced concrete mixes are making material usage more economical. Furthermore, the increased adoption of green concrete, which puts to use waste products and reduces carbon emissions, is aiding the sustainable goals of the construction industry in the United States. Constant growth is provided from the pre-mixed concrete industry due to strengthening environmental laws of the United States.
Ready-mix Concrete Market Share
The top 5 companies in the ready-mix concrete industry includes ACC Limited, Barney & Dickenson, Inc., Buzzi SpA, Cemex and China National Building Material Group Corporation. To gain competitive advantage manufacturers opt for various strategies like new product launch, mergers and acquisitions, capacity expansion.
In February 2024, With the initiation of its second Ready Mix Concrete (RMX) plant in Nagpur, Nuvoco Vistas Corp has consolidated its footprint in the state of Maharashtra.
The location on Kamptee Road is strategic in nature because it enables easy access to major markets which confirms Nuvoco’s objective to serve the region with superior quality building materials.
The plant is equipped with a fully automated twin shaft mixer and has the capacity to produce an impressive 90 m3/hr. This efficiency allows the manufacture of numerous products grades and allows value added Nuvoco products like XCON expert concrete mix, CONCRETO self-compacting and high strength concrete, ECODURE green concrete, ARTISTE decorative concrete floors, and INSTAMIX bagged ready mix concrete.
Ready-mix concrete Market Companies
Major players operating in the ready-mix concrete industry are:
ACC Limited: An Indian cement and ready-mix concrete manufacturer and a part of the Adani Group widely renowned for its myriad construction materials. The company manufactures various types of cement, ready-mix concrete, and construction chemicals.
Barney & Dickenson, Inc.: A concrete company providing sand, gravel, and landscaping materials from Vestal, New York. Established in 1936, it grew to include ready-mix concrete and concrete pumping services.
Buzzi SpA: An international group dealing with cement and ready-mix concrete, operating in 14 countries. Born in 1907, it focuses on sustainability and innovation in its product and process.
Cemex: A Mexican global building materials firm, cement, ready-mix concrete, and aggregates specialist. Cemex cares for sustainability and innovative methods of working in more than 50 countries.
China National Building Material Group Corporation: The largest building material manufacturer in China producing cement, gypsum, and glass fibers; it integrates scientific research and production and logistics.
Ready-mix concrete Industry News
The ready-mix concrete market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) & volume (Tons) from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Application
Market, By Production
The above information is provided for the following regions and countries: