Global Ready Mix Concrete Market to Grow at a CAGR of 8.2% During 2024-2032, Aided by the Growing Infrastructure Development Activities

The global market for ready mix concrete is being driven by the growing infrastructure development activities worldwide. This trend is further fuelled by the growing government expenditure on expanding the residential and commercial infrastructure to meet the housing demands and other requirements of the rising global population. The expansion of the public infrastructure such as roadway and highway networks is also augmenting the demand for ready mix concrete. Ready mix concrete offers ease of usage and convenience, along with reduced labour costs. In the forecast period, the rising construction of renewable energy generation plants is expected to propel the demand for ready mix concrete.

The increasing investments by the leading market players and the growing mergers and acquisitions aimed at the expansion of ready mix concrete production are expected to bolster the market growth in the coming years. For instance, in February 2021, CEMEX S.A.B de C.V. (NYSE: CX) announced the acquisition of ready mix assets of Beck Readymix Concrete Co. LTD., including its three ready mix concrete plants and one portable plant in San Antonio. The acquisition was aimed at helping the firm expand its business in South Texas markets. Furthermore, in May 2022, Heidelbergcement AG (OTCMKTS: HDELY) announced its expansion plans in Czech Republic with the acquisition of six ready mixed concrete plants and one sandpit through its Czech based subsidiary, Ceskomoravsky beton, a.s. from Kamen Zbraslav, a.s. All the acquired plants have an established commercial and residential customer base around the city of Brno. Such developments are anticipated to prove beneficial for the growth of the global ready mix concrete industry in the forecast years.

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Market Breakup by Type, Application, and Region:

• The market is divided, based on type, into transit mix concrete, central mix concrete, and shrink mix concrete, among others.

• Based on application, the market is segregated into residential, commercial, and industrial, among others.

• Region-wise, the global market for ready mix concrete can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for ready mix concrete is being driven by the rising infrastructure development projects worldwide.

• The growing population and the subsequent housing demands are driving the market growth. 

• The rising expenditure by the governments on improving residential, commercial, and industrial infrastructure is also adding to the market expansion. 

• The increasing investments by the market leaders in expanding their production capacities are further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for ready mix concrete for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, applications, and regions of ready mix concrete.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ready mix concrete market are LafargeHolcim Ltd., CEMEX S.A.B. de C.V., Heidelbergcement AG, Vicat S.A., The Colas Group, and Martin Marietta, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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