Rise in Commercial and Residential Construction Projects
Ready mix concrete is widely used in nearly all construction projects owing to benefits such as reduced construction time, low maintenance cost, and versatility. The rapid population growth has urged government bodies to promote reforms in urban planning. The country’s economic stability, better connectivity, low cost of energy and government diversification strategy are the factors responsible for driving investors and customers to invest in residential and commercial properties. The implementation of government initiatives such as smart cities is further driving the North America ready mix concrete sales. According to the US Census Bureau report, the total spending on residential construction in the US increased by 14% (from July 2021 to July 2022), whereas a spike of 9.9% (from July 2021 to July 2022) in the total spending on private construction including residential and non-residential was observed.
North America Ready Mix Concrete Market Overview
North America comprises of developed and developing countries such as the US, Canada, and Mexico. In the North America region, the US is a major market for ready mix concrete, followed by Canada and Mexico. The extensive use of ready mix concrete in the construction activities of residential and commercial buildings is anticipated to drive the ready mix concrete market growth in North America. The construction industry in North America is expanding tremendously due to a strong economy, combined with an increase in federal and state funding for public works and institutional buildings.
North America Ready Mix Concrete Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the North America Ready Mix Concrete provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Ready Mix Concrete refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Ready Mix Concrete Strategic Insights
North America Ready Mix Concrete Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,81,528.28 Million
Market Size by 2028
US$ 2,35,282.57 Million
Global CAGR (2022 - 2028)
4.4%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By End Use
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Ready Mix Concrete Regional Insights
North America
Ready Mix Concrete Market Segmentation
The North America ready mix concrete market is segmented based on end use and country.
Based on end use, the North America ready mix concrete market is segmented into residential, commercial, and others. The residential segment held the largest market share in 2022.
Based on country, the North America ready mix concrete market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Vicat SA; LafargeHolcim; Buzzi Unicem S.p.A; BARNEY AND DICKENSON INC; R.W. Sidley, Inc.; CEMEX S.A.B. DE C.V.; and HeidelbergCement AG are the leading companies operating in the North America ready mix concrete market.
The North America Ready Mix Concrete Market is valued at US$ 1,81,528.28 Million in 2022, it is projected to reach US$ 2,35,282.57 Million by 2028.
As per our report North America Ready Mix Concrete Market, the market size is valued at US$ 1,81,528.28 Million in 2022, projecting it to reach US$ 2,35,282.57 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The North America Ready Mix Concrete Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Ready Mix Concrete Market report:
The North America Ready Mix Concrete Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Ready Mix Concrete Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Ready Mix Concrete Market value chain can benefit from the information contained in a comprehensive market report.