Market Size of North America Ready-Mix Concrete Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| Market Size (2023) | USD 65.44 Billion |
| Market Size (2028) | USD 84.93 Billion |
| CAGR (2023 - 2028) | 5.35 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Ready-Mix Concrete Market Analysis
The North America Ready Mix Concrete Market size is expected to grow from USD 65.44 billion in 2023 to USD 84.93 billion by 2028, at a CAGR of 5.35% during the forecast period (2023-2028).
The COVID-19 pandemic wreaked havoc on labor-intensive industries like the building and construction industry. However, with all restrictions on social distancing norms and lockdowns lifted, the region is now progressing on the path to recovery.
- The growing demand for building construction across the region, along with the rising awareness about the potential advantages and superior properties of RMC over normal concrete, is expected to drive regional market growth.
- On the flip side, the easy availability of potential substitutes, along with the challenges associated with the transportation of RMC, may hamper the market growth.
- However, the rising investments in infrastructure development are resulting in increasing construction activities across the region, thereby providing potential opportunities to the ready-mix concrete market in the future.
- The United States is expected to the leader in the North American ready-mix concrete market during the forecast period.
