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

Ready-Mix Concrete Market size was valued at USD 181.14 billion in 2019 and is poised to grow from USD 196.39 billion in 2023 to USD 1427.31 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

In order to create ready-mixed concrete (RMC), specific amounts of water, additives, aggregates, and cement must be combined. To achieve the desired durability and strength, these various elements are combined in the appropriate proportions in line with established rules. When compared to regular concrete, ready-mix concrete is more popular since it is more convenient, simpler to use, and of higher quality. The main applications for ready-mix concrete include the construction of homes, businesses, factories, and roadways.

Due to rising need for adaptable building materials and growing attention to sturdy construction, ready-mix concrete has seen an increase in demand in the construction sector. Furthermore, it is anticipated that urbanisation and rapid population expansion would have a significant impact on the rise in demand for housing, employment opportunities, energy, food, clean water, transportation infrastructure, and social services. In order to assure the highest standards and consistent quality, construction companies are adopting environmentally friendly, economically viable homes and structures, which can be satisfied by utilising ready-mix concrete.

US Ready-Mix Concrete Market is poised to grow at a sustainable CAGR for the next forecast year.