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Ready Mix Concrete Market Share

Report ID: GMI5901
Published Date: Nov 2024
Report Format: PDF

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Ready Mix Concrete Market Share

Ready Mix Concrete Market Company Share Analysis (2023)

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

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global ready-mix concrete industry was valued at USD 280.2 billion in 2023 and is estimated to grow at a 6.3% CAGR from 2024 to 2032, driven by increased government spending on infrastructure development.

The residential segment held a 37.7% share in 2023 due to rising housing demand, urbanization, and government support for residential construction.

The U.S. ready-mix concrete market is expected to reach USD 100 billion by 2032, fueled by significant investments in infrastructure renewal and large-scale construction projects.

Key players in the industry include BBMG Corporation, Anhui Conch, Cemex, China National Building Material Group, CRH, CSCEC, Foshan Huijiang Concrete, and Heidelberg Materials.