North America Ready-Mix Concrete Market Forecast 2022–2028


The North America ready mix concrete market is expected to grow from US$ 1,81,528.28 million in 2022 to US$ 2,35,282.57 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

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Rise in Commercial and Residential Construction Projects
Ready-mix concrete plays a vital role in nearly all construction projects due to its advantages such as faster construction, reduced maintenance costs, and versatility. Rapid population growth has led governments to push for urban planning reforms. Factors such as economic stability, improved infrastructure, affordable energy, and strategic government diversification are attracting both investors and consumers to the residential and commercial real estate sectors. Additionally, government-led initiatives like smart city developments are boosting demand for ready-mix concrete across North America. According to a report by the US Census Bureau, residential construction spending in the US rose by 14% from July 2021 to July 2022, while private construction spending—including both residential and non-residential projects—grew by 9.9% during the same period.

North America Ready-Mix Concrete Market Overview
North America, which includes the US, Canada, and Mexico, features both developed and developing economies. Among these, the US holds the largest share of the ready-mix concrete market, followed by Canada and Mexico. The widespread application of ready-mix concrete in both residential and commercial construction is a major factor fueling market growth across the region. The North American construction sector is experiencing significant expansion, supported by a robust economy and increasing investments from federal and state governments in public infrastructure and institutional buildings.

The North American ready-mix concrete market is a dynamic sector primarily driven by robust construction activities across the region. This market is strategically segmented to understand its various facets:

Market Segmentation:

  • By End Use:
    • Residential: This segment represented the largest share of the market in 2022, indicating significant demand from housing and other residential construction projects.
    • Commercial: This category encompasses construction for offices, retail spaces, hospitality, and other business-related infrastructure.
    • Others: This segment typically includes industrial projects, as well as crucial infrastructure developments such as roads, bridges, and public facilities.
  • By Country:
    • United States: The U.S. was the dominant market in 2022, reflecting its substantial construction industry and ongoing development.
    • Canada: A key contributor to the North American market, with steady construction growth.
    • Mexico: An emerging market with increasing construction activities contributing to regional demand.

Key Market Players:

The North American ready-mix concrete market is characterized by the presence of several prominent international and regional companies, including:

  • Vicat SA
  • LafargeHolcim (now Holcim Ltd.)
  • Buzzi Unicem S.p.A
  • BARNEY AND DICKENSON INC
  • R.W. Sidley, Inc.
  • CEMEX S.A.B. DE C.V.
  • HeidelbergCement AG

North America Ready Mix Concrete Strategic Insights

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.

North America Ready Mix Concrete Regional Insights

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.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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