Ready-Mix Concrete Market to Reach $766.63 Billion, Globally
- Increase in demand for ready-mix concrete sustainable infrastructure, surge in urbanization and industrialization in developing countries, and growth in construction industry drive the global ready-mix Concrete market
PORTLAND, Oregon, June 8, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Ready-Mix Concrete Market Type (Transit Mix Concrete, Central Mix Concrete, and Shrink Mix Concrete) and Application (Commercial & Infrastructure, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global ready-mix concrete market garnered $491.61 billion in 2018, and is estimated to reach $766.63 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026.
Drivers, restraints, and opportunities
Surge in demand for ready-mix concrete sustainable infrastructure, increase in urbanization and industrialization in developing countries, and growth in construction industry drive the global ready-mix concrete market. However, unstable economic conditions in Latin America and loss of workability restrain the market growth. On the other hand, surge in government and private investments in the infrastructure sector create new opportunities in the coming years.
- The operations in the construction industry have been stopped during lockdown. However, due to rise in needs healthcare centers, several countries have constructed number of COVID 19 specialty hospitals during lockdown.
- On the other hand, many countries have entered recovery phase, and therefore, initiated to resume the operations of construction industry again.
Get detailed COVID-19 impact analysis on the Ready-Mix Concrete Market: https://www.alliedmarketresearch.com/request-for-customization/6393?reqfor=covid
The transit mix concrete segment to maintain its lead status in terms of revenue throughout the forecast period
Based on type, the transit mix concrete segment accounted for nearly three-fifths of the total share of the global ready-mix concrete market in 2018, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to its contribution to the reduction of dust pollution and easy transportation and placing. However, the central mix concrete segment is estimated to portray the highest CAGR of 6.3% from 2019 to 2026, owing to its advantages of central mix concrete such as faster batching, cement saving, and reduced wear of the truck mixer drums.
The commercial and infrastructure segment to maintain its leadership position during the forecast period
Based on application, the commercial and infrastructure segment contributed to the highest market share in 2018, with more than two-thirds of the global ready-mix concrete market, and is estimated to maintain its leadership position during the forecast period. This is attributed to its strength and cost effectiveness. However, the residential segment is estimated to generate the fastest CAGR of 6.3% from 2019 to 2026. This is due to the increase in residential construction projects in developing regions including China and India.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6393
Asia-Pacific, followed by North America, to maintain its dominance during the forecast period
Based on region, Asia-Pacific accounted for the highest share based on revenue, holding for more than two-thirds of the total share of the global ready-mix concrete market in 2018, and is projected to maintain its dominant position throughout the forecast period. This is attributed to increased infrastructure development projects in this region. However, LAMEA is estimated to portray the fastest CAGR of 6.3% from 2019 to 2026, owing to rise in urbanization in this region. In Addition, North America is anticipated to register a CAGR of 4.0% during the forecast period.
Leading market players
- ACC Limited
- Barney & Dickenson, Inc.
- CEMEX S.A.B. de C.V.
- Heidelberg Cement
- Holcim Ltd.
- SIKA group
- Ultra Tech Cement Limited
- Vicat SA
- CRH plc
- Vulcan Materials Company
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/ready-mix-concrete-market/purchase-options
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Similar Reports We Have:
Translucent Concrete Market: The global translucent concrete market size is expected to reach $21,022.8 thousand in 2027, from $2,469.7 thousand in 2019, growing at a CAGR of 39.9% from 2020 to 2027.
Self-healing Concrete Market: The global self-healing concrete market size is expected to reach $1,375,088.0 thousand by 2025, from $216,720.0 thousand in 2017, growing at a CAGR of 26.4% during the forecast period from 2018 to 2025.
Friction Products and Materials Market: The global friction products and materials market size was valued at $17,046 million in 2017, and is projected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.
Building and Construction Plastic Market: The Global Building And Construction Plastic Market was valued at $57,908.8 million in 2017 and is expected to reach $104,507 million by 2025, growing at a CAGR of 7.6%.
Precast Construction Market: The global precast construction market size was estimated to be $12,133 million in 2015, and is projected to grow at a CAGR of 6.3% to reach $185,232 million by 2022.
Pre-Book Now with 12% Discount:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060