Dear members of the press
[Report Ocean Press Release] We conducted a survey to understand the actual situation of the ready-mixed concrete market in 2022.
By region, Asia-Pacific will generate the highest revenue in 2021. The market players are adopting acquisitions, product launches and partnerships as their major development strategies in order to bring better products and services to the market.
Survey period: September 1st to November 30th, 2022
Research agency :
Survey contractor: Report Ocean Co., Ltd.
Survey target: The survey was conducted with 890 leaders from organizations of all sizes around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 300 people, Internet survey of 590 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Question: How is the ready-mixed concrete market segmented by type? By type, the market is segmented into transit mix concrete, central mix concrete and shrink mix concrete. The transit mix concrete segment dominated the ready mix concrete market in terms of revenue. [Image 2
Q: Which applications have the highest consumption in the ready-mixed concrete market?
By application, the industry is divided into commercial and
infrastructure, residential, and industrial. The infrastructure sector is driving the ready-mixed concrete industry.
Q: Which mixer type has the highest share in the ready-mixed concrete market? By type of mixer, it is segmented into positive displacement and barrel truck/in-transit mixers. The volume segment led the market in 2021 in terms of revenue.
Question: What are the key factors driving the ready-mixed concrete market? Demand for ready-mixed concrete in the construction industry is increasing due to the increasing demand for versatile building materials and the growing interest in strong construction. Moreover, rapid population growth and urbanization are expected to have a dramatic impact on increasing demand for housing, jobs, energy, food, clean water, transport infrastructure and social services.
For this reason, construction companies employ eco-friendly and cost-effective housing and buildings to ensure the highest standards and uniform quality. This can be met by the implementation of ready-mixed concrete.
Ready-mixed concrete is commonly used in residential and commercial buildings, manufacturing facilities, and roads. Ready-mixed concrete is widely used in the construction industry. Ready-mixed concrete is a defined mixture of cement, additives and aggregates. The growing demand for ready-mixed concrete is due to infrastructure development and urbanization, which makes ready-mixed concrete cost-effective and environmentally friendly, driving market growth.
For example, in April 2022, China announced a $2.3 trillion investment in its infrastructure sector. Similarly, in August 2021, the Indian government announced spending over $1 trillion on infrastructure development to boost economic growth. Hence, this trend marks an increase in demand for ready-mix concrete for construction purposes and is expected to create lucrative opportunities for market growth. Read more: https://bit.ly/3VzkyiA
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