1. Market Research
  2. > Construction Market Trends
Ready-Mix Concrete Market - Segmented by Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Ready-Mix Concrete Market - Segmented by Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

  • August 2019
  • 141 pages
  • ID: 5815030
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The market for ready-mix concrete is expected to expand at a CAGR of 6.64%, during the forecast period of 2019 – 2024. Major factors driving the market studied are the development of smart cities, and continuous infrastructure development in emerging. Ease of availability of potential substitutes is expected to hinder the growth of the market studied.

- Rising awareness of ready-mix concrete in developing economies is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.

Key Market Trends
Increasing Demand from Non-Residential Segment

- Non-residential is segmented into infrastructure, commercial, and industrial/ institutional
- Infrastructure development, such as the construction of highways, a makeover of airports, and construction of dams in developing economies, coupled with the growing trend of urbanization, is one of the significant factors propelling market growth for ready-mix concrete.
- An increasing number of big infrastructure projects are propelling the growth of the market studied, owing to its high quality and ease of use. The time constraints in infrastructure development projects across urban areas are creating huge demand for readymade concrete mixes.
- Furthermore, since ages, concrete has been the first choice of contractors for commercial development of buildings and if it is a large-scale concrete structure, the ready-mix is the ultimate choice. Construction units, like office spaces, retail, hotels, and entertainment centers are the growth wagons for the market studied in commercial buildings application.
- Asia-Pacific has been a thriving market for office spaces in recent years. Demand for office spaces in India has been growing rapidly for many years. About 33 million ft2 of office space was absorbed in 2018, a growth of 16 percent from the previous year, and it is expected to exceed 37 million ft2 by 2019. The country has been receiving significant interest from foreign investors in the commercial sector
- Owing to the aforementioned developments and investments, the use of ready-mix in the industrial/institutional application segment is expected to rise globally, during the forecast period.

China to Dominate the Asia-Pacific Region Market

- According to the Government of China, the construction sector of the country is estimated to grow by 5.9% and 6.1% during 2019 and 2020, respectively. Although there was a marginal improvement during 2017, the pace of expansion in 2018 was still relatively sluggish for the industry, bearing in mind that over the preceding 10 years period, the nation’s construction industry expanded at an annual rate of more than 8%.
- The Chinese residential housing sector is experiencing a drop-in growth. Nearly 22% of the Chinese urban house stocking is expected to be empty as of late 2019. These include unsold properties and apartments brought by entrepreneurs and speculators, who have no intention of living in them but to hold them as an investment property. As a result, a decline in the construction and rise in the taxes are expected to occur in the Chinese construction sector in the upcoming years, which can have a negative impact on the demand for the consumption of ready-mix concrete in the country. The total floor space of buildings completed, dropped by 1.3% in 2018, reflecting a weak performance compared to that of 2017.
- Infrastructure and highway expansion are a key part of China’s 13th Five Year Plan. In the present scenario the government is taking initiatives, which involves two types of road networks that include a tolled expressway with low tariff and another without toll.
- In 2019, China’s People’s Liberation Army (PLA) has made noteworthy advances in constructing an ‘all-weather road’ that connects the Doklam plateau with its network of highways. According to latest updates, a 12-km-long stretch of Merug La-Doklam road has been black-topped and is close to finishing. Sources also mention that another stretch to Jelep La from Yatung has also been ‘black-topped’.
- China has one of the largest healthcare sectors across the globe. In 2018, around RMB 82.6 billion (USD 11.95 billion) has been invested in the Chinese healthcare sector which is 78.64% greater than the investment made in the previous year. The major factors for the increasing investments are the rising demand for healthcare clinic to treat chronic and age-related diseases and growing healthcare policy support.
- Moreover, the country’s 13th Five-Year Plan prioritizes health and innovation, which is expected to increase investments in the sector during the forecast period.
- Thus, owing to such factors, the demand for ready-mix concrete is expected to remain high during the forecast period in China.

Competitive Landscape
The global ready-mix concrete market is consolidated and dominated by the top five players, accounting for an estimated market share of almost 50% in the overall market revenue. Key players include CEMEX S.A.B. de C.V., LafargeHolcim, Heidelberg Cement AG., UltraTech Cement Ltd., BuzziUnicem S.p.A., etc.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Ultra High Performance Concrete Market, Size, Share, Outlook and Growth Opportunities 2019-2025

Ultra High Performance Concrete Market, Size, Share, Outlook and Growth Opportunities 2019-2025

  • $ 4580
  • September 2019

Ultra High Performance Concrete Market, Size, Share, Outlook and Growth Opportunities 2019-2025Ultra High Performance Concrete market outlook report presents key insights into global Ultra High Performance ...

Global Cellular Concrete Industry

Global Cellular Concrete Industry

  • $ 5450
  • October 2019

Cellular Concrete market worldwide is projected to grow by US$180.9 Million, driven by a compounded growth of 5.7%. Building Materials, one of the segments analyzed and sized in this study, displays the ...

Prepared Additives for Cements, Mortars or Concretes Markets in China

Prepared Additives for Cements, Mortars or Concretes Markets in China

  • $ 4000
  • September 2019

China’s demand for Prepared Additives for Cements, Mortars or Concretes has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on