Ready Mix Concrete Market Size – By Production, By Type, By End-user, Analysis, Share, Growth Forecast, 2024 - 2032

Ready Mix Concrete Market Size

The global ready mix concrete market size was valued at USD 280.2 Billion in 2023 and is estimated to grow at a CAGR of over 6.3% from 2024 to 2032. Local governments are increasing their budgets for infrastructure development, which is driving the growth of the ready-mix concrete market. When governments spend more on public projects like roads, bridges, highways, and public buildings, the demand for ready-mix concrete goes up.
 

This type of concrete is popular because it offers consistent quality, can be scaled up easily, and is efficient for large projects that need a lot of concrete. Governments also focus on urban development, sustainable construction, and updating old infrastructure, all of which need a lot of ready-mix concrete. These projects are often time-sensitive, and ready-mix concrete helps ensure timely delivery and reduces delays. Additionally, government programs like public-private partnerships and stimulus plans further increase the demand for ready-mix concrete by supporting large construction projects aimed at improving transportation, public utilities, and disaster recovery. As a result, more spending on infrastructure by local governments is a major factor driving the growth of the ready-mix concrete market worldwide.
 

Ready Mix Concrete Market Trends

In 2022, global consumption of ready-mix concrete dropped by about 5.46% from the previous year, due to lower demand in the residential and commercial construction sectors. The residential sector saw a 1.05% decrease in new floor area in 2022 compared to 2021, due to issues like inflation and supply chain problems. However, a recovery was expected in 2023, with global demand predicted to rise by around 5.06%. In 2022, the residential sector was the largest consumer of ready-mix concrete, making up 36.96% of global consumption. This demand driven by rapid urbanization, government policies, and investments in housing. For example, Germany planned to build 4,000 new housing units by 2024, and Malaysia aimed for 500,000 affordable units by 2025. These plans and the growing need for housing are expected to increase ready-mix concrete consumption in the residential sector by 32.39% by 2030 compared to 2023.
 

Meanwhile, the commercial sector expected to grow the fastest in the ready-mix concrete market, with a compound annual growth rate (CAGR) of 6.34% during the forecast period. This growth driven by the demand for commercial spaces like shopping malls and office buildings. For instance, India's grade A office market in its top seven cities expected to grow to about 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft by 2030. As a result, ready-mix concrete consumption in the commercial sector forecasted to increase by 394 million cubic meters by 2030 compared to 2023. These trends show a steady recovery in the ready-mix concrete market, especially as the commercial and residential sectors gain momentum, supported by government initiatives, urban development, and investments in infrastructure and housing.
 

Ready Mix Concrete Market Analysis

Offsite ready mix concrete is driving the growth of the market with CAGR 6.5% and expected to reach USD 197.5 billion in 2032. Off-site production is leading the ready-mix concrete market because it offers several key benefits for large construction projects. One major advantage is the consistency and quality control it provides. Centralized batch plants can produce concrete to exact specifications in a controlled environment, ensuring uniform strength, mix design, and durability. This is crucial for large projects that need consistent quality across large volumes of concrete.
 

Additionally, off-site production saves time and money by avoiding the delays and inefficiencies of on-site mixing, such as material shortages, weather issues, and labor problems. Central plants can quickly produce large amounts of concrete, allowing for better logistical coordination and just-in-time delivery to construction sites. This reduces the need for on-site labor and space, freeing up valuable resources and improving overall project efficiency. Off-site production also supports environmental sustainability, as centralized plants can more easily implement energy-efficient practices, waste reduction, and recycling. As construction projects become larger and more complex, and as the demand for quality, speed, and sustainability grows, off-site production remains the leading method for ready-mix concrete delivery, especially for urban and large-scale infrastructure projects.
 

Based on end user, global ready mix concrete market is likely to remain dominant by residential segment with a share margin of 37.7% in terms of value in 2023. The residential sector is the main user of ready-mix concrete due to several reasons, including the growing need for housing, urbanization, and government support for residential construction. As global populations grow, especially in cities, the demand for new housing units has increased, making residential construction a key part of the ready-mix concrete market. Urbanization is important because more people moving to cities creates a need for efficient, high-quality building materials for large housing projects.
 

Ready-mix concrete is perfect for these projects because it offers consistent quality, faster construction times, and lower on-site labor costs. Additionally, many governments are investing in affordable housing programs, which further increases the demand for ready-mix concrete. The consistency, strength, and durability of ready-mix concrete make it the preferred material for residential buildings, ensuring high-quality construction that meets regulatory standards. As more residential real estate is developed to accommodate growing urban populations, the role of ready-mix concrete in residential projects will continue to grow, solidifying the sector's position as the top consumer in the market.
 

The ready mix concrete market in the United States expected to reach USD 100 billion in 2032. The U.S. leads the ready-mix concrete market in North America due to several key factors. The country’s significant investment in infrastructure renewal and large-scale construction projects, including residential, commercial, and public infrastructure, drives substantial demand for ready-mix concrete. Urbanization and population growth further fuel the need for new housing and commercial spaces, with ready-mix concrete being the preferred material for its consistency and efficiency in large-scale construction.
 

Additionally, U.S. government initiatives, such as the American Jobs Plan, which allocates funding for infrastructure development, provide a steady demand for ready-mix concrete in public works projects. Furthermore, the adoption of advanced concrete technologies and eco-friendly mixes has enhanced the market's growth, making the U.S. a leader in the North American ready-mix concrete market.
 

The Asia-Pacific region leads the global ready mix concrete market due to rapid urbanization, strong economic growth, and significant infrastructure development, especially in China and India. The growing urban population drives demand for housing, commercial spaces, and infrastructure projects, increasing ready-mix concrete consumption. Major infrastructure projects, government initiatives for affordable housing, and modern construction techniques like modular building and prefabrication further boost this demand. Consequently, APAC remains the global leader in the ready-mix concrete market.
 

Ready Mix Concrete Market Share

The market has many regional and local players, along with larger multinational companies. However, big companies like CNBM, Anhui Conch, Holcim, Heidelberg Materials, Cemex, and Ultratech Cement control about 35-40% of the market. These companies have a strong global or regional presence, which helps them benefit from economies of scale and serve large infrastructure projects in different regions. Their large financial resources allow them to invest in advanced technologies, maintain high production capacities, and manage complex supply chains effectively. They also offer a wide range of innovative, high-quality concrete products to meet the specific needs of large construction projects, such as eco-friendly solutions and high-strength concrete.
 

These companies also benefit from vertical integration, controlling multiple stages of the supply chain, from cement production to ready-mix concrete delivery. This ensures consistent product quality and reduces costs. Their strong brand reputations, built over many years of trust and reliability, make them preferred suppliers for large commercial, industrial, and infrastructure projects. Strategic acquisitions and partnerships further increase their market share, allowing them to expand their reach and capabilities.
 

Ready Mix Concrete Market Companies

Major players operating in the ready-mix concrete industry are:

• BBMG Corporation
• Anhui Conch
•  Cemex
• China National Building Material Group
• CRH
• CSCEC
• Foshan Huijiang Concrete
• Heidelberg Materials
•  Holcim
• Oyak Cement
•  SAMPYO Group
• Shanghai Construction Group
•  Ultratech Cement
•  Vicat
• Votorantim Cimentos
   

Ready Mix Concrete Industry News

• I In June 2023, Buzzi SpA, through its subsidiary Dyckerhoff GmbH, signed a deal with CRH, a major player in the building materials sector, to sell some operations in Eastern Europe. The deal includes assets in Ukraine and the ready-mix concrete division in eastern Slovakia. The transaction in Ukraine needs regulatory approvals and expected to complete in 2024. This move shows Buzzi's efforts to improve its business and focus on key areas.
   
• In May 2023, ACC and Ambuja Cements, both part of the Adani Group, opened a cement and concrete research and development (R&D) centre in Kalamboli, Mumbai, India. This project aims to drive progress, reduce costs, and create sustainable solutions for the future of the industry. The new R&D centre will be a place for advanced research, teamwork, and the development of innovative solutions.
   
• In February 2023, ACC Limited, a company in the cement and building materials field, introduced 'Coolcrete', a temperature-controlled concrete solution. Coolcrete is designed to reduce the internal temperature rise during large concrete pours. It helps prevent issues like delayed ettringite formation and thermal cracking in large concrete structures. With this modern technology, ACC aims to ensure the strength and durability of concrete constructions.
   
• In July 2021, Lehigh Hanson, Inc., a North American subsidiary of HeidelbergCement, announced it received Concrete Sustainability Council (CSC) certification. This certification was given to its ready mixed concrete (RMC) plants in Bellevue and Seattle, Washington, and the Hanson Aggregates River Ranch RMC plants in Phoenix, Arizona. Lehigh Hanson is the first U.S. ready mixed concrete producer to achieve CSC certification at the silver level. This achievement shows the company's commitment to sustainable practices and meeting high sustainability standards in the concrete industry.
   

This Ready-Mix Concrete market research reports include in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Tons) from 2021 to 2032, for the following segments:

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Market, By Production

• On site
• Off site

Market, By Type

• Central mixed
• Shrink mixed
• Transit mixed

Market, by End-use

• Commercial
• Industrial and institutional
• Infrastructure
• Residential

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa