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Concrete Market by Type, End-user and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 169
  • SKU: IRTNTR71273
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The concrete market is estimated to grow at a CAGR of 5.69% between 2022 and 2027. The size of the market is forecast to increase by USD 157.6 billion. The growth of the market depends on serval factors, including the expansion of the construction industry, the increased demand for stamped concrete for flooring applications, and an increase in demand for decorative concrete.

This report extensively covers market segmentation by type (ready-mix concrete and precast concrete), end-user (residential and non-residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Concrete Market During the Forecast Period?

Concrete Market Size

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Parent Market Analysis

Technavio categorizes the global concrete market as a part of the global construction materials market within the global materials market. The parent global construction materials market covers products and companies engaged in the manufacturing of construction materials, including sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Concrete Market: Key Drivers, Trends, Challenges, and Customer Landscape

The expansion of the construction industry is notably driving the market growth, although factors such as the volatility in raw materials prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Concrete Market Driver

The expansion of the construction industry is the key factor driving the market growth. Growth in construction and renovation activities due to global economic development, the rise in income levels, an increase in urbanization, and rising living standards are expected to drive the growth of the market for concrete during the forecast period. The rising commitment among construction industry stakeholders toward green construction, energy efficiency, and the use of advanced materials for building construction is also a major selling point for the dry construction industry.

Moreover, the rise in residential and commercial construction activities and rising investments in infrastructure development in several countries across the world will present considerable opportunities for growth in the market. The increasing adoption of green buildings, new building construction regulations, and the focus on reducing energy consumption in buildings will also drive the growth of the global concrete market. Furthermore, factors such as the increase in disposable incomes in emerging economies, rapid industrialization, the changing preference for and perception of sustainable building practices, and the durability of such buildings are expected to drive the growth of the global concrete market during the forecast period.

Significant Concrete Market Trend

The increasing demand for precast concrete for non-residential construction is the primary trend in the market growth. Precast concrete is a form of concrete that is prepared, cast, and dried off-site using reusable molds. This whole process is usually done in a controlled factory environment where precast concrete elements can be joined together to form a complete structure. Precast concrete can be more economical and sometimes more practical when compared to conventional building materials. It is typically used for structural components, such as columns, floors, staircases, wall panels, beams, pipes, and tunnels. Moreover, precast concrete elements are used in the construction and building sector for non-residential purposes. This significantly reduces the time for construction, the number of laborers, and costs.

The gradual shift toward the adoption of eco-friendly, cost-effective, modern building designs, especially in non-residential construction, will increase the demand for concrete. In addition, the need for a reduction in construction time and cost, coupled with growing industrialization and urbanization in emerging economies, will create an opportunity for concrete manufacturers in the forecast period. Furthermore, the increase in the disposable income of people and changing construction methods from conventional to modern will drive the growth of the global concrete market during the forecast period.

Major Concrete Market Challenge

Volatility in raw materials prices is a major challenge to market growth. The manufacturing of construction materials is energy-intensive and requires a large number of raw materials, such as fine granules (sand), cement, and granules. The price trends of energy and raw materials are extremely volatile. Energy and raw material prices are usually determined by supply and demand, economic fluctuations, ecological factors, and environmental regulations for access to raw material deposits, production capacity, and transportation costs.

An increase in energy and raw material costs will lead to a rise in production costs. Passing increasing costs to customers leads to a decline in sales volume. It may lead to a decline in profit margins if the increase in production costs is absorbed by the manufacturers of construction materials. Hence, the price volatility of the raw materials used in concrete manufacturing is a major hindrance to the growth of the global concrete market during the forecast period.

Key Concrete Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Concrete Market Share by Geography

Global Concrete Market Customer Landscape

Who are the Major Concrete Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

adelaidebrighton.com.au - The company offers general-purpose concrete which is suitable for many general applications such as the construction of garden paths, stepping stones, and light foundations.  Also, through this segment, the company offers products such as cement, lime, fly ash, and slag. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Broco Industries
  • Cementir Holding NV
  • CEMEX SAB de CV
  • CRH Plc
  • HeidelbergCement AG
  • Holcim Ltd.
  • JSW Cement Ltd.
  • Laing O Rourke
  • PPC Ltd.
  • RW Sidley Inc.
  • Saint Gobain
  • Shay Murtagh Precast Ltd.
  • Sika AG
  • The QUIKRETE Companies
  • US Concrete Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Concrete Market?

The market share growth by the ready-mix concrete segment will be significant during the forecast period. Ready-mix concrete is considered for the speedy construction of residential, commercial, industrial, and infrastructural spaces. Minimized cement wastage and control in the use of raw materials for ready-mix concrete are likely to aid its demand in the market. Moreover, the pollution-free nature of the production process is anticipated to support market growth for eco-friendly constructions.Furthermore, the commercial availability of ready-mix concrete through domestic and multinational players, coupled with rising awareness about product benefits in construction activities, is likely to augment the growth of the segment in the forecast period. Reduced site supervision costs and labor costs are driving its popularity in construction activities.

Concrete Market Size

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The ready-mix concrete segment was valued at USD 232.97 billion in 2017 and continue to grow by 2021In this segment, the income growth in developed and developing economies has accelerated the construction of building and housing structures, which will lead to the high consumption of concrete. The construction industry is observing rapid changes due to economic growth and is gradually shifting toward ready-mix concrete for easy and quick use. APAC countries such as China, Japan, and India are majorly responsible for the growth of the segment. This is due to several ongoing construction activities in the region. Furthermore, the rising population in the region is further demanding more new residential houses, which is expected to propel the demand for ready-mix concrete during the forecast period.

Which are the Key Regions for the Concrete Market?

Concrete Market Share by Geography

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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The tourism sector in APAC is also contributing to the growth of the regional construction market. In the tourism sector, precast products are used primarily for restaurants, hotels, and resorts. The growing per capita income and the rising standards of living have further increased the demand for precast products in the region. This is owing to the growth of the residential and commercial sectors, including multi-family buildings, malls, tech parks, and retail stores. Therefore, the growth of the construction and industrial sectors will drive the growth of the regional concrete market during the forecast period.

COVID-19 hindered the growth of the regional concrete market in 2020.  However, the lifting of lockdowns in several countries and the large-scale vaccination drives resulted in an increase in economic activities in 2021. Several governments across the region also announced stimulus packages, modified a few policies, and launched schemes to aid businesses and revive the economy. Additionally, the government allotted Rs. 13,750 crores (USD 1.89 billion) to AMRUT and the Smart Cities Mission in the Union Budget 2021 to support programs like Housing for All and the Smart Cities Mission. Similarly, the Prime minister of India announced Rs. 100 lakh crore master plan for multi-modal connectivity in October 2021, with the goal of developing infrastructure to lower logistic costs and improve the economy. Such initiatives taken by the government are expected to drive the growth of the concrete market in APAC during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Billion, 2017 - 2027)
    • Ready-mix concrete
    • Precast concrete
  • End-user Outlook (USD Billion, 2017 - 2027)
    • Residential
    • Non-residential
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Concrete Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.69%

Market growth 2023-2027

USD 157.6 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.46

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key countries

US, China, India, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adbri Ltd., Broco Industries, Cementir Holding NV, CEMEX SAB de CV, CRH Plc, HeidelbergCement AG, Holcim Ltd., JSW Cement Ltd., Laing O Rourke, PPC Ltd., RW Sidley Inc., Saint Gobain, Shay Murtagh Precast Ltd., Sika AG, The QUIKRETE Companies, US Concrete Inc., Vicat SA, Votorantim SA, Weckenmann Anlagentechnik GmbH and Co. KG, and Xella International GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Concrete Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the concrete market between 2023 and 2027
  • Precise estimation of the size of the concrete market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of concrete market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global concrete market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global concrete market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Ready-mix concrete - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Ready-mix concrete - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Ready-mix concrete - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Ready-mix concrete - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Ready-mix concrete - Year-over-year growth 2022-2027 (%)
    • 6.4 Precast concrete - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Precast concrete - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Precast concrete - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Precast concrete - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Precast concrete - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 45: Chart on Comparison by End-user
      • Exhibit 46: Data Table on Comparison by End-user
    • 7.3 Residential - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.4 Non-residential - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 55: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Adbri Ltd.
              • Exhibit 108: Adbri Ltd. - Overview
              • Exhibit 109: Adbri Ltd. - Product / Service
              • Exhibit 110: Adbri Ltd. - Key offerings
            • 12.4 Broco Industries
              • Exhibit 111: Broco Industries - Overview
              • Exhibit 112: Broco Industries - Product / Service
              • Exhibit 113: Broco Industries - Key offerings
            • 12.5 Cementir Holding NV
              • Exhibit 114: Cementir Holding NV - Overview
              • Exhibit 115: Cementir Holding NV - Business segments
              • Exhibit 116: Cementir Holding NV - Key news
              • Exhibit 117: Cementir Holding NV - Key offerings
              • Exhibit 118: Cementir Holding NV - Segment focus
            • 12.6 CEMEX SAB de CV
              • Exhibit 119: CEMEX SAB de CV - Overview
              • Exhibit 120: CEMEX SAB de CV - Business segments
              • Exhibit 121: CEMEX SAB de CV - Key news
              • Exhibit 122: CEMEX SAB de CV - Key offerings
              • Exhibit 123: CEMEX SAB de CV - Segment focus
            • 12.7 CRH Plc
              • Exhibit 124: CRH Plc - Overview
              • Exhibit 125: CRH Plc - Business segments
              • Exhibit 126: CRH Plc - Key news
              • Exhibit 127: CRH Plc - Key offerings
              • Exhibit 128: CRH Plc - Segment focus
            • 12.8 HeidelbergCement AG
              • Exhibit 129: HeidelbergCement AG - Overview
              • Exhibit 130: HeidelbergCement AG - Business segments
              • Exhibit 131: HeidelbergCement AG - Key offerings
              • Exhibit 132: HeidelbergCement AG - Segment focus
            • 12.9 Holcim Ltd.
              • Exhibit 133: Holcim Ltd. - Overview
              • Exhibit 134: Holcim Ltd. - Business segments
              • Exhibit 135: Holcim Ltd. - Key offerings
              • Exhibit 136: Holcim Ltd. - Segment focus
            • 12.10 JSW Cement Ltd.
              • Exhibit 137: JSW Cement Ltd. - Overview
              • Exhibit 138: JSW Cement Ltd. - Product / Service
              • Exhibit 139: JSW Cement Ltd. - Key offerings
            • 12.11 PPC Ltd.
              • Exhibit 140: PPC Ltd. - Overview
              • Exhibit 141: PPC Ltd. - Business segments
              • Exhibit 142: PPC Ltd. - Key offerings
              • Exhibit 143: PPC Ltd. - Segment focus
            • 12.12 RW Sidley Inc.
              • Exhibit 144: RW Sidley Inc. - Overview
              • Exhibit 145: RW Sidley Inc. - Product / Service
              • Exhibit 146: RW Sidley Inc. - Key offerings
            • 12.13 Saint Gobain
              • Exhibit 147: Saint Gobain - Overview
              • Exhibit 148: Saint Gobain - Business segments
              • Exhibit 149: Saint Gobain - Key offerings
              • Exhibit 150: Saint Gobain - Segment focus
            • 12.14 Shay Murtagh Precast Ltd.
              • Exhibit 151: Shay Murtagh Precast Ltd. - Overview
              • Exhibit 152: Shay Murtagh Precast Ltd. - Product / Service
              • Exhibit 153: Shay Murtagh Precast Ltd. - Key offerings
            • 12.15 Sika AG
              • Exhibit 154: Sika AG - Overview
              • Exhibit 155: Sika AG - Business segments
              • Exhibit 156: Sika AG - Key news
              • Exhibit 157: Sika AG - Key offerings
              • Exhibit 158: Sika AG - Segment focus
            • 12.16 The QUIKRETE Companies
              • Exhibit 159: The QUIKRETE Companies - Overview
              • Exhibit 160: The QUIKRETE Companies - Product / Service
              • Exhibit 161: The QUIKRETE Companies - Key offerings
            • 12.17 US Concrete Inc.
              • Exhibit 162: US Concrete Inc. - Overview
              • Exhibit 163: US Concrete Inc. - Business segments
              • Exhibit 164: US Concrete Inc. - Key offerings
              • Exhibit 165: US Concrete Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Concrete market growth will increase by $157.6 billion during 2023-2027.
              The concrete market is expected to grow at a CAGR of 5.69% during 2023-2027.
              Technavio has segmented the concrete market by type (Ready-mix concrete, Precast concrete, and Precast products) ,end-user (Residential, Non-residential, North America, South America, and MEA) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              Adbri Ltd., Broco Industries, Cementir Holding NV, CEMEX SAB de CV, CRH Plc, HeidelbergCement AG, Holcim Ltd., JSW Cement Ltd., Laing O Rourke, PPC Ltd., RW Sidley Inc., Saint Gobain, Shay Murtagh Precast Ltd., Sika AG, The QUIKRETE Companies, US Concrete Inc., Vicat SA, Votorantim SA, Weckenmann Anlagentechnik GmbH and Co. KG, Xella International GmbH are a few of the key vendors in the concrete market.
              APAC will register the highest growth rate of 40.9% among the other regions. Therefore, the concrete market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Germany
              • France
              The key factors driving the concrete market growth are:
              • Expansion of construction industry
              • Increasing demand for precast concrete for non-residential construction
              The concrete market vendors should focus on grabbing business opportunities from the ready-mix concrete segment as it accounted for the largest market share in the base year.
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