Ready Mix Concrete Market in India by Product and Application - Forecast and Analysis 2022-2026
| Published: Jan 2022 | Pages: 120 | SKU: IRTNTR72060 |
The ready-mix concrete market share in India is estimated to increase by USD 1.47 billion from 2021 to 2026 at an accelerating CAGR of 6.15%.
The ready-mix concrete market has been broadly categorized into the following demographic segmentations:
- Product - Transit mixed concrete and shrink mixed concrete
- Application - Non-residential and residential
This ready mix concrete market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The ready mix concrete market report in India offers information on several market vendors, including ACC Ltd., Godrej and Boyce Manufacturing Co. Ltd., India Cements Ltd., JK Lakshmi Cement Ltd., JSW Cement Ltd., Nuvoco Vistas Corp. Ltd., Prism Johnson Ltd., RDC Concrete (India) Pvt. Ltd., The Ramco Cements Ltd., and UltraTech Cement Ltd. among others.
What will the Ready Mix Concrete Market Size in India be During the Forecast Period?
Download the Free Report Sample to Unlock the Ready Mix Concrete Market Size in India for the Forecast Period and Other Important Statistics
Ready Mix Concrete Market in India: Key Drivers, Trends, and Challenges
The high preference for ready mix concrete is notably driving the ready mix concrete market growth in India, although factors such as high operating costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ready mix concrete industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ready Mix Concrete Market Driver in India
One of the key factors driving growth in the India ready mix concrete market is the high preference for ready mix concrete. With the growth of the construction market in India, the use of ready mix concrete has been increasing due to new residential projects and infrastructural development. Ready mix concrete has emerged to become the preferred form of concrete in the construction market. This is because of its inherent advantages over site mix concrete. With the evolution of new technology and innovations in the construction market, ready mix concrete is used in construction sites where demand is high in terms of volume. Owing to the inherent advantages of using ready mix concrete over normal concrete, it is estimated that the India ready mix concrete market share growth will have a positive impact during the forecast period.
Key Ready Mix Concrete Market Trend in India
One of the key ready mix concrete market trends fueling the market growth is the growing popularity of geopolymer cement concrete. Geopolymers are construction materials made from fly ash, granulated slag, and sodium silicate, which are increasingly used in cement owing to superior properties such as resistance to acids, control of high temperature, and ability to impart high strength to buildings. Raw materials such as cement, geopolymers, and aggregates are used in large quantities during concrete production. Geopolymers are used in concrete production to reduce carbon dioxide emissions. In 2018, geopolymers became one of the fastest-growing markets across the world. GPCCs are widely accepted over conventional Portland cement concrete owing to their lower carbon footprint, high durability, superior strength, and ecological advantages. Thus, the growing popularity of geopolymers in concrete manufacturing is expected to increase the use of ready mix concrete.
Key Ready Mix Concrete Market Challenge in India
The high operating cost will be a major challenge for the India ready mix concrete market during the forecast period. To manufacture ready mix concrete, various raw materials such as cement, aggregates, and additives are required in large quantities. Ready mix concrete is more expensive than onsite mix concrete because of the extensive use of cement, manufacturing site management, and the transportation of ready mix concrete to construction sites. Some factors, such as the transportation of concrete, which require admixtures such as concrete additives to prevent the concrete from setting quickly, and on-road traffic congestions have increased the operating cost and time for end-users. One of the crucial factors is the establishment cost incurred by many concrete manufacturers. The cost of operation in India is high owing to high taxes imposed by the government and high operating costs in manufacturing sites, which often increase the price of ready mix concrete. Such high costs will hinder the growth of the India ready mix concrete market.
This ready mix concrete market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the ready mix concrete market in India as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ready mix concrete market in India during the forecast period.
Who are the Major Ready Mix Concrete Market Vendors in India?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- ACC Ltd.
- Godrej and Boyce Manufacturing Co. Ltd.
- India Cements Ltd.
- JK Lakshmi Cement Ltd.
- JSW Cement Ltd.
- Nuvoco Vistas Corp. Ltd.
- Prism Johnson Ltd.
- RDC Concrete (India) Pvt. Ltd.
- The Ramco Cements Ltd.
- UltraTech Cement Ltd.
This statistical study of the ready mix concrete market in India encompasses successful business strategies deployed by the key vendors. The ready mix concrete market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
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ACC Ltd - The company offers ready-mix concrete products which include Eco pact, gypsum, refractory products, anti washout concrete, and admix, under the brand name of ACC Ltd.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ready mix concrete market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Ready Mix Concrete Market in India Value Chain Analysis
Our report provides extensive information on the value chain analysis for the ready mix concrete market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the construction materials market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Ready Mix Concrete Market in India?
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The ready mix concrete market share growth in India by the transit mixed concrete segment will be significant during the forecast period. The transit mixed concrete segment garners the largest share in terms of revenue and is expected to hold its dominance in the product segment even during the forecast period. This type of concrete is produced under controlled conditions, hence, contributing to reducing dust pollution. Such benefits drive the adoption of transit mixed concrete among the builders and contractors in India. Moreover, the demand for transit mixed concrete is increasing due to India's rise in infrastructure projects, housing, and commercial buildings. This, in turn, is anticipated to provide lucrative opportunities for the ready mix concrete market expansion through transit mixed concrete segment during the forecast period
This report provides an accurate prediction of the contribution of all the segments to the growth of the ready mix concrete market size in India and actionable market insights on post COVID-19 impact on each segment.
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Concrete Admixtures market - The market share is predicted to surge by USD 4.35 billion by 2026, at an accelerating CAGR of 5.08%.
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Ready Mix Concrete Market Scope in India |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.15% |
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Market growth 2022-2026 |
$ 1.47 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.68 |
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Regional analysis |
India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ACC Ltd., Godrej and Boyce Manufacturing Co. Ltd., India Cements Ltd., JK Lakshmi Cement Ltd., JSW Cement Ltd., Nuvoco Vistas Corp. Ltd., Prism Johnson Ltd., RDC Concrete (India) Pvt. Ltd., The Ramco Cements Ltd., and UltraTech Cement Ltd. |
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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. |
What are the Key Data Covered in this Ready Mix Concrete Market in India Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive ready mix concrete market growth in India during the next five years
- Precise estimation of the ready mix concrete market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the ready mix concrete market India
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ready mix concrete market vendors in India
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 6
*Exhibit 04: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 05 Parent market
*Exhibit 06: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 07: Value Chain Analysis: Construction materials
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Service
*2.2.7 Support activities
*2.2.8 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 08: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 09: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2Estimating growth rates for mature markets
*Exhibit 10: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 11: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 12: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 13: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 14: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 15: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 16: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 17: Threat of rivalry
**4.7 Market condition
*Exhibit 18: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
*Exhibit 19: Product- Market share 2021 - 2026 (%)
**5.2 Comparison by product
*Exhibit 20: Comparison by Product
**5.3 Transit mixed concrete - Market size and forecast 2021-2026
*Exhibit 21: Transit mixed concrete - Market size and forecast 2021-2026 ($ million)
*Exhibit 22: Transit mixed concrete - Year-over-year growth 2021-2026 (%)
**5.4 Shrink mixed concrete - Market size and forecast 2021-2026
*Exhibit 23: Shrink mixed concrete - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Shrink mixed concrete - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 25: Market opportunity by Product
***6 Market Segmentation by Application
**6.1 Market segments
*Exhibit 26: Application- Market share 2021-2026 (%)
**6.2 Comparison by Application
*Exhibit 27: Comparison by Application
**6.3 Non-residential - Market size and forecast 2021-2026
*Exhibit 28: Non-residential - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Non-residential - Year-over-year growth 2021-2026 (%)
**6.4 Residential - Market size and forecast 2021-2026
*Exhibit 30: Residential - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Residential - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by Application
*Exhibit 32: Market opportunity by Application
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 33: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 High preference for ready mix concrete
*8.1.2 Increasing demand for ready mix concrete in non-residential applications
*8.1.3 Growth of construction sector
**8.2 Market challenges
*8.2.1 High operating cost
*8.2.2 Large number of substitutes for ready mix concrete
*8.2.3 Presence of stringent regulations related to raw materials
*Exhibit 34: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing popularity of geopolymer cement concrete
*8.3.2 Rapid urbanization and rising disposable income
*8.3.3 Growing focus on environmental sustainability
***9. Vendor Landscape
**9.1 Overview
*Exhibit 35: Vendor landscape
**9.2 Landscape disruption
*Exhibit 36: Landscape disruption
*Exhibit 37: Industry Risk
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 38: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 39: ?Market positioning of vendors?
*10.3 ACC Ltd.
*Exhibit 40: ACC Ltd. - Overview
*Exhibit 41: ACC Ltd. - Business segments
*Exhibit 42: ACC Ltd. - Key offerings
*Exhibit 43: ACC Ltd. - Segment focus
**10.4 Godrej and Boyce Manufacturing Co. Ltd.
*Exhibit 44: Godrej and Boyce Manufacturing Co. Ltd. - Overview
*Exhibit 45: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
*Exhibit 46: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
*Exhibit 47: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
**10.5 India Cements Ltd.
*Exhibit 48: India Cements Ltd. - Overview
*Exhibit 49: India Cements Ltd. - Business segments
*Exhibit 50: India Cements Ltd. - Key offerings
*Exhibit 51: India Cements Ltd. - Segment focus
**10.6 JK Lakshmi Cement Ltd.
*Exhibit 52: JK Lakshmi Cement Ltd. - Overview
*Exhibit 53: JK Lakshmi Cement Ltd. - Business segments
*Exhibit 54: JK Lakshmi Cement Ltd. - Key offerings
*Exhibit 55: JK Lakshmi Cement Ltd. - Segment focus
**10.7 JSW Cement Ltd.
*Exhibit 56: JSW Cement Ltd. - Overview
*Exhibit 57: JSW Cement Ltd. - Product and service
*Exhibit 58: JSW Cement Ltd. - Key offerings
**10.8 Nuvoco Vistas Corp. Ltd.
*Exhibit 59: Nuvoco Vistas Corp. Ltd. - Overview
*Exhibit 60: Nuvoco Vistas Corp. Ltd. - Business segments
*Exhibit 61: Nuvoco Vistas Corp. Ltd. - Key offerings
*Exhibit 62: Nuvoco Vistas Corp. Ltd. - Segment focus
**10.9 Prism Johnson Ltd.
*Exhibit 63: Prism Johnson Ltd. - Overview
*Exhibit 64: Prism Johnson Ltd. - Business segments
*Exhibit 65: Prism Johnson Ltd. - Key offerings
*Exhibit 66: Prism Johnson Ltd. - Segment focus
**10.10 RDC Concrete (India) Pvt. Ltd.
*Exhibit 67: RDC Concrete (India) Pvt. Ltd. - Overview
*Exhibit 68: RDC Concrete (India) Pvt. Ltd. - Product and service
*Exhibit 69: RDC Concrete (India) Pvt. Ltd. - Key offerings
**10.11 The Ramco Cements Ltd.
*Exhibit 70: The Ramco Cements Ltd. - Overview
*Exhibit 71: The Ramco Cements Ltd. - Business segments
*Exhibit 72: The Ramco Cements Ltd. - Key offerings
*Exhibit 73: The Ramco Cements Ltd. - Segment focus
**10.12 UltraTech Cement Ltd.
*Exhibit 74: UltraTech Cement Ltd. - Overview
*Exhibit 75: UltraTech Cement Ltd. - Product and service
*Exhibit 76: UltraTech Cement Ltd. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 77: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 78: ?Research Methodology
*Exhibit 79: ??Validation techniques employed for market sizing?
*Exhibit 80: ??Information sources
**11.4 List of abbreviations
*Exhibit 81: 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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
ready mix concrete market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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