The ready-mixed concrete production value in the UK saw significant fluctuations over the past decade. From 2014 to 2023, the industry experienced a peak in 2015 with rapid growth of 126.3% year-on-year, followed by a steep decline in 2018. The CAGR over this period varied drastically, with the 5-year CAGR from 2014 reflecting growth and later periods showing negative growth trends. In 2023, the production value stood at €1.72 billion, indicating a 6.13% decline from the previous year.
Looking forward, from 2024 to 2028, the industry is forecasted to continue its downward trend with an average annual decline of 6.62%. By 2028, the projected production value is expected to drop to €1.13 billion, marking a significant decrease of 28.99% over five years.
Future trends to watch for include potential impacts from environmental regulations, technological advancements in construction materials, and the overall economic health of the UK construction industry. Sustainability initiatives and increased demand for green constructions could also play pivotal roles in shaping the market.
