Who are the key players in North America Ready-Mix Concrete Market?

CEMEX SAB de CV, HOLCIM, Buzzi Unicem SpA , HeidelbergCement AG and Colas are the major companies operating in the North America Ready-Mix Concrete Market. Read More

What years does this North America Ready-Mix Concrete Market cover, and what was the market size in 2023?

In 2023, the North America Ready-Mix Concrete Market size was estimated at USD 65.44 billion. The report covers the North America Ready-Mix Concrete Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Ready-Mix Concrete Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North America Ready-Mix Concrete Market Size

Market Size of North America Ready-Mix Concrete Industry

North America Ready-Mix Concrete Market Summary

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 68.94 Billion
Market Size (2029)	USD 89.47 Billion
CAGR (2024 - 2029)	5.35 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

North America Ready-Mix Concrete Market Analysis

The North America Ready-Mix Concrete Market size is estimated at USD 68.94 billion in 2024, and is expected to reach USD 89.47 billion by 2029, growing at a CAGR of 5.35% during the forecast period (2024-2029).

The COVID-19 pandemic wreaked havoc on labor-intensive industries like the building and construction industry. However, with all restrictions on social distancing norms and lockdowns lifted, the region is now progressing on the path to recovery.

The growing demand for building construction across the region, along with the rising awareness about the potential advantages and superior properties of RMC over normal concrete, is expected to drive regional market growth.
On the flip side, the easy availability of potential substitutes, along with the challenges associated with the transportation of RMC, may hamper the market growth.
However, the rising investments in infrastructure development are resulting in increasing construction activities across the region, thereby providing potential opportunities to the ready-mix concrete market in the future.
The United States is expected to the leader in the North American ready-mix concrete market during the forecast period.

North America Ready-Mix Concrete Industry Segmentation

Ready-mix concrete (RMC) is concrete that is used directly at the job site after being batched at a central plant. RMC finds its applications in foundations, walls, floors and bases, driveways, and other constructional activities, owing to its excellent properties.

The North American ready-mix concrete market is segmented by end-user industry and geography. By end-user industry, the market is segmented into residential, commercial, industrial/institutional, and infrastructure. By geography, the market is segmented into the United States, Canada, and Mexico. The report covers the market size and forecasts for three countries across the region. For each segment, market sizing and forecasts have been provided based on revenue (in USD billion).

By End-user Sector
		Residential
		Commercial
		Industrial/Institutional
		Infrastructure

By Geography
		United States
		Canada
		Mexico

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North America Ready-Mix Concrete Market Size Summary

The North American ready-mix concrete market is poised for significant growth, driven by increasing demand for building construction and the advantages of ready-mix concrete over traditional options. The market is recovering from the disruptions caused by the COVID-19 pandemic, with the lifting of restrictions facilitating a resurgence in construction activities. The United States is expected to lead the market, supported by substantial investments in infrastructure and residential development. The region's focus on affordable housing and high-class residential homes, coupled with government initiatives like Canada's Affordable Housing Initiative, is further propelling market expansion. However, challenges such as the availability of substitutes and transportation issues may pose obstacles to growth.

The construction sector in the United States plays a crucial role in the economy, with significant contributions from residential, infrastructure, and non-residential projects. The market is witnessing robust activity, with private construction spending outpacing public investments, particularly in states like Texas and California. The trend towards home renovations, driven by population growth and sustainability awareness, is also contributing to the demand for ready-mix concrete. Strategic acquisitions by key players such as Holcim and Vulcan Materials Company are enhancing market reach and capacity. These developments indicate a promising outlook for the ready-mix concrete market in North America, with potential for continued growth in the coming years.

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North America Ready-Mix Concrete Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Growing Demand for Building Construction across The Region
  2. 1.1.2 Superior Properties and Advantages Over Normal Concrete
2. 1.2 Restraints
  1. 1.2.1 Easy Availability of Potential Subsitutes
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 By End-user Sector
  1. 2.1.1 Residential
  2. 2.1.2 Commercial
  3. 2.1.3 Industrial/Institutional
  4. 2.1.4 Infrastructure
2. 2.2 By Geography
  1. 2.2.1 United States
  2. 2.2.2 Canada
  3. 2.2.3 Mexico

North America Ready-Mix Concrete Market Size FAQs

How big is the North America Ready-Mix Concrete Market?

The North America Ready-Mix Concrete Market size is expected to reach USD 68.94 billion in 2024 and grow at a CAGR of 5.35% to reach USD 89.47 billion by 2029.