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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.
Report Attribute | Details |
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Base Year: | 2023 |
Ready Mix Concrete Market Size in 2023: | USD 280.2 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 6.3% |
2032 Value Projection: | USD 473.7 billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 150 |
Segments covered: | By Production, By Type, By End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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