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The ready mix concrete batching plant market size is estimated to grow at a CAGR of 3.99% between 2023 and 2028. The market size is forecast to increase by USD 109.56 million. The growth of the market depends on several factors such as the increase in demand for ready-mix mobile concrete batching plants, the growth in the number of construction activities, and the preference for ready-mix concrete over traditional concrete. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
This report extensively covers market segmentation by end-user (residential construction and non-residential construction), type (dry batch concrete plant and wet batch concrete plant), and geography (APAC, Middle East and Africa, Europe, South America, and North America). It also includes an in-depth analysis of drivers, trends, and challenges.
Ready Mix Concrete Batching Plant Market Forecast 2023-2027
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The number of building activities worldwide is rising due to the increased emphasis on infrastructure development, which has a strong impact on growth and improving human welfare. Developed economies, such as the US, are looking to improve their existing infrastructure. The global construction market is growing due to an increase in the number of building projects across the globe.
Moreover, global investments in roads and highways push governments into boosting and broadening the existing highways. Apart from this, new roads and highways are also being built to minimize the travel time between major cities. Such initiatives would augment the demand for ready-mix concrete, which would subsequently support the growth of the global ready-mix concrete batching plant market during the forecast period.
The construction industry is highly influenced by the developments and the integration of cutting-edge technologies across a number of sectors. This has led to a surge in demand for ready-mix concrete battering plants, which are essential for the successful completion of construction projects. The automated and digitized batching process is one of the most significant technological developments in the concrete batching plant ready mix market.
Moreover, automation systems with sensors, controllers, and software have enabled batching operations to be conducted in an efficient and precise manner. Not only do these systems guarantee accurate measurement of raw materials, but they also improve the overall quality of the concrete mix. Furthermore, automation eliminates human mistakes, boosts productivity, and eliminates material wastage, thus reducing production costs. Hence, such factors will propel the growth of the market during the forecast period.
The ready mix concrete batching plants are capable of producing air and noise pollution. The lack of suitable filter systems and dust collection at the truck loading point or in cement silos can lead to particulate matter emission in the air. Moreover, the loading point is one of the main dust emission points, due to which many concrete producers utilize central dust collectors for containing the dust.
As a result of this, ready-mix concrete batching plants are not able to comply with environmental regulations, which is leading to their closure. Therefore, an increase in pollution caused by ready-mix concrete batching plants may impede the growth of the global ready-mix concrete batching plant market during the forecast period.
The residential construction segment will account for a major share of the market's growth during the forecast period.? Ready-mix concrete consists of a specific mixture of cement, aggregate, water, and admixtures, which are integrated at a pre-construction plant and then transported to the construction location. This type of concrete offers a variety of benefits, such as consistent quality, durability, time-saving, and reduced construction waste.
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The residential construction segment was valued at USD 249.06 million in 2018. The residential construction segment has experienced significant growth in recent years due to the boost in urbanization, the growth of the population, and the upgrade of disposable income. As more individuals strive for a more comfortable living environment, the demand for pre-mix concrete has increased significantly in residential construction projects. Hence, such factors will boost the growth of the global ready-mix concrete batching plant market during the forecast period.
Based on the type, the market has been segmented into dry batch concrete plant and wet batch concrete plant. The dry batch concrete plant?segment will account for the largest share of this segment. Using the mixing technique of a truck mixer, dry-batch cement plants produce uniform concrete mixtures. When the plant finishes the aggregator dosing, the product is then transferred to the concrete truck. Furthermore, concrete gets mixed more efficiently in dry batch concrete plants compared with wet batch concrete plants. The time required for maintenance is shorter for dry batch concrete plants. Owing to these benefits, the demand for dry batch concrete plants is increasing, which will boost the growth of the market during the forecast period.
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APAC is estimated to contribute 48% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Public sector and private enterprises from countries such as India and China, which have invested a great deal of money in construction projects, are primarily responsible for the growth of the ready-mix concrete batching plant market in APAC. Moreover, the increasing construction of commercial and industrial buildings, along with the rising investments in infrastructural development in the region, will further support the growth of the market in the region during the forecast period.
The outbreak of COVID-19 in 2020 had a negative impact on the ready-mix concrete batching plant market in APAC. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. The construction industry refreshed with the resurgence of investment in both residential and non-residential construction activities. Hence, the market is expected to witness significant growth during the forecast period.
Companies 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.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Ammann Group, Apollo Inffratech Pvt. Ltd., CEMEX SAB de CV, ELKON, Haomei Machinery Equipment Co. Ltd., Holcim Ltd., Jayem Manufacturing Co., Jaypee India Ltd., Laxmi En Fab Pvt. Ltd., MACONS Equipments Pvt. Ltd., MEKA, ODISA CONCRETE EQUIPMENT, Oshkosh Corp., Powerol Energy Systems, SCHWING GmbH, Stephens MFG. Co., The Vince Hagan Co., Vicat, and Astec Industries Inc
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The ready mix concrete batching plant market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Ready Mix Concrete Batching Plant Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.99% |
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Market growth 2024-2028 |
USD 109.56 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.6 |
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Regional analysis |
APAC, Middle East and Africa, Europe, South America, and North America |
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Performing market contribution |
APAC at 48% |
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Key countries |
Turkey, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Akona Engineering Pvt. Ltd., Ammann Group, Apollo Inffratech Pvt. Ltd., CEMEX SAB de CV, ELKON, Haomei Machinery Equipment Co. Ltd., Holcim Ltd., Jayem Manufacturing Co., Jaypee India Ltd., Laxmi En Fab Pvt. Ltd., MACONS Equipments Pvt. Ltd., MEKA, ODISA CONCRETE EQUIPMENT, Oshkosh Corp., Powerol Energy Systems, SCHWING GmbH, Stephens MFG. Co., The Vince Hagan Co., Vicat, and Astec Industries Inc |
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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 the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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