Ready-Mix Concrete Market Size, Share, Growth Analysis, By Type(Transit Mix Concrete, Central Mix Concrete, Shrink Mix Concrete), By Application(Commercial & Infrastructure, Residential, Industrial), By Mixer Type(Volumetric and Barrel truck/In-transit mixer), By Region - Industry Forecast 2024-2031

In terms of market revenue and market share, North America has dominated the market in 2021. The development in new infrastructure projects in the area is responsible for the market growth in this region. The building business in the United States annually produces structures worth around D1.4 trillion, according to statistics from the Construction Association. In keeping with a strong and affluent economy, demand for single-family homes also drives the demand for ready-mix concrete.

Asia-Pacific, on the other hand, is anticipated to have profitable growth from 2022 to 2028. It is projected that government measures to improve the road infrastructure in China and India will blossom the industrial development in the region. The region's industrial and manufacturing expansion, together with urbanisation and housing growth, are all expected to increase demand for ready-mix concrete. Growth in the industry has been greatly influenced by massive infrastructure development in the Middle East and Africa, particularly in Saudi Arabia and the United Arab Emirates. Additionally, it is expected that throughout the projected time, the demand for ready-mix concrete will increase due to the region's growing building of commercial and residential complexes.