Technavio, a tech-focused market research firm, has published a new report on the global ready-mix concrete market, which is projected to grow at a CAGR of about 9% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global ready-mix concrete market into the following key regions: the America, APAC, and EMEA.
Ready-mix concrete market in APAC: The rapid rate of industrialization, population growth, and urbanization in countries in APAC will attribute to the growth of the market in this region. The growing number of global manufacturing companies are focusing on establishing production facilities and R&D centers in APAC which in turn will boost the demand for ready-mix concrete in the region. Favorable government policies, availability of cheap resources and skilled workforce, and low operational and labor costs is helping in the development of the market in APAC.
According to Hitesh Bhatia, a lead analyst at Technavio, specializing in research on glass and ceramics, “The upswing in construction activities in various emerging countries like India, China, South Korea, Japan, and Indonesia will augment the growth of the APAC market. The growing need for public and private infrastructure is encouraging governments of the region to investment in better raw materials for the construction of these amenities. Moreover, new opportunities in the residential and infrastructure development sector will have a positive impact on the market in APAC.”
Ready-mix concrete market in EMEA: The rising efforts undertaken by regulating bodies across the EMEA region for enhancing the existing transportation and public infrastructure will propel the growth of the market in this region. The increase in construction activities in Russia, Germany, Slovakia, France, and the UK will boost the demand for ready-mix concrete in the region. Furthermore, the focus on the development of basic infrastructure such as roads, railways, and residential buildings in African and Middle Eastern countries will contribute to the revenues in the EMEA market over the next few years.
Ready-mix concrete market in Americas: The growth in the residential construction segment is primarily driving the market for ready-mix concrete in the Americas. The US, Mexico, Canada, Brazil, Colombia, and Argentina are the major revenue contributors in the American market. Improving economic conditions and rebounding business activities in the Latin American countries will create a demand for these products in the market. Also, the increasing demand for ready-mix concrete from construction projects such as dams, bridges, residential buildings, and others will help the Americas maintain its market share during the forecast period.
The leading sellers operational in the global ready-mix concrete market are:
- CEMEX
- HeidelbergCement
- LafargeHolcim
- Sika
- Vicat
Other prominent vendors in the market include ACC, BURNCO, Buzzi Unicem, Barney & Dickenson, China ACM, China Resources Cement Holdings, Colas, CRH, Dillon Brothers Ready Mix Concrete, EUROCEMENT, Livingston’s Concrete, Martin Marietta Materials, Neptune Readymix Concrete, PT. SCG Readymix Indonesia, RDC Concrete, RMC Readymix, R.W. Sidley, U.S. Concrete, UltraTech Cement, Vulcan Materials Company, and Votorantim Cimentos.
A thorough analysis is presented in the Technavio study titled, ‘Global Readymix Concrete Market 2017-2021’. Technavio also customizes reports by other regions and detailed sectors upon request.
Other related reports:
- Global Paving and Concreting Equipment Market 2017-2021
- Global Concrete and Cement Market 2016-2020
- Global Construction Machinery Market 2016-2020
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