Ready-mix concrete sales in the US market have shown overall growth from 2013 to 2023, with minor fluctuations. As of 2023, the market was valued at 31.589 billion USD. Over the past two years, the market has grown by 1.63% in 2022 and 1.57% in 2023, indicating consistent growth. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at approximately 1.7%. Looking ahead, the market is projected to grow at a CAGR of 1.23% from 2023 to 2028, with an overall growth rate of 6.28% over these five years.
Future trends to watch for include:
- Potential impacts of sustainable construction practices, which may drive demand for eco-friendly concrete.
- Infrastructure investments from government stimulus packages, which could boost sales significantly.
- Technological advancements in construction techniques, potentially altering material needs.