Product ID: UCMIG15F2011
Concrete Market Size, Share, Growth Analysis, By Concrete Type(Ready-mix Concrete, Transit Mix Concrete), By Application(Reinforced Concrete, Non-reinforced Concrete), By End-user industry(Roads & Highways, Tunnels), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG15F2011 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Concrete Market Insights
Market Overview:
The number of infrastructure projects, such as bridges, roads, dams, and airport expansion projects, growing, particularly in emerging countries is increasing due to ready-mix concrete. As a result over the forecast period, the worldwide ready-mix concrete industry is predicted to grow rapidly. Increasing government spending on construction, manufacturing, and power plants has also benefited the market. The growth of the market will propel due to factors such as rapid population growth and growing urbanization. In addition, the market will also drive due to the easy pouring methods involved in the concrete market. Across the globe, the other market determinant which is projected to bolster the growth of the market is the expansion of the automotive industry along with the development of infrastructure segments. In the forecast period of 2022-2029, the increasing investment in the construction industry extends profitable opportunities to the market players. Further expanding the future growth, due to its great convenience, improved quality, and ease of use, the product is frequently utilized as a substitute for unusual concrete.
Concrete Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Concrete Market Report Snapshots
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