In-depth analysis provided in the report includes:
Technavio has announced its latest market research report titled Global Concrete Market 2023-2027Current and future market trends to highlight market conditionsComparative analysis of the market and its segments for the historic period of 2017 - 2021Market drivers and market impediments and their impact on market growthPositioning of market players and their business strategy analysisDownload a sample now!
Concrete market size & segmentation analysis
The concrete market is estimated to grow at a CAGR of 5.69% between 2022 and 2027. The size of the market is forecasted to increase by USD 157.6 billion. The report also includes historic market data from 2017 to 2021. In 2017, the concrete market was valued at USD 354.65 billion. The concrete market is segmented based on end-user, type, and geography.
Based on end-user, the concrete market is segmented into residential and non-residential.Based on type, the market is segmented into ready-mix concrete and precast concrete.Based on geography, the concrete market is segmented into APAC, Europe, North America, Middle East and Africa, and South America.For insights on the market contribution of each segment, Buy the report!Concrete market: Country-level analysis
The countries covered in the concrete market report are the US and Canada (North America); the UK, Germany, France, and Rest of Europe (Europe); China and India (APAC); Saudi Arabia, South Africa, and Rest of the Middle East & Africa (Middle East & Africa); and Chile, Brazil, and Argentina (South America).
APAC is estimated to account for 41% of the growth of the global market during the forecast period. The growth in APAC can be attributed to several factors, including the growth of the tourism sector in the region. Precast products are generally for restaurants, hotels, and resorts in the tourism sector.The rising per capita income and the increasing standards of living have also increased the demand for precast products in the region. This is due to the growth of the residential and commercial sectors, including multi-family buildings, malls, tech parks, and retail stores. Therefore, the growth of the construction and industrial sectors will drive the growth of the concrete market in the region during the forecast period.The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, Request a sample!
Concrete market: Dynamics & insights
Technavio's research report on concrete market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.
The expansion of the construction industry is notably driving the market growth. The rise in construction and renovation activities due to global economic development, rise in income levels, rapid urbanization, and improving living standards are expected to drive the growth of the concrete market during the forecast period. The rising focus on green construction, energy efficiency, and the use of advanced materials for building construction is fueling the construction industry. The increasing adoption of green buildings, new building construction regulations, and the focus on reducing energy consumption in buildings will also drive the market. These factors will fuel the growth of the global concrete market during the forecast period.
However, volatility in raw materials prices is a major challenge impeding the market. The manufacturing of construction materials is an energy-intensive process and requires numerous raw materials such as fine sand, cement, and granules. However, the costs of energy and raw materials are highly volatile. A rise in energy and raw material costs increases production costs. This may lead to a decline in profit margins. Hence, the price volatility of the raw materials used in concrete manufacturing is impeding the growth of the global concrete market during the forecast period.
Concrete market: Competitive landscape and vendor analysis
Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Some of the major players operating in the concrete market are Adbri Ltd., Broco Industries, Cementir Holding NV, CEMEX SAB de CV, CRH Plc, HeidelbergCement AG, Holcim Ltd., JSW Cement Ltd., Laing O Rourke, PPC Ltd., RW Sidley Inc., Saint Gobain, Shay Murtagh Precast Ltd., Sika AG, The QUIKRETE Companies, US Concrete Inc., Vicat SA, Votorantim SA, Weckenmann Anlagentechnik GmbH and Co. KG, and Xella International GmbH, among others. For insights on the vendor offerings, Download a PDF sample!
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The concrete and cement market is estimated to grow at a CAGR of 7.1% between 2022 and 2027. The size of the market is forecasted to increase by USD 469.01 billion. This report extensively covers market segmentation by product (cement and concrete), end-user (residential and non-residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The concrete contractor market is projected to grow by USD 571.3 million with a CAGR of 0.71% during the forecast period 2021 to 2026. This report extensively covers the market segmentation by end-user (building construction, building renovation, and other constructions) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
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Concrete Market Scope
Report Coverage
Details
Page number
169
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 5.69%
Market growth 2023-2027
USD 157.6 billion
Market structure
Fragmented
YoY growth 2022-2023(%)
4.46
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 41%
Key countries
US, China, India, Germany, and France
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Adbri Ltd., Broco Industries, Cementir Holding NV, CEMEX SAB de CV, CRH Plc, HeidelbergCement AG, Holcim Ltd., JSW Cement Ltd., Laing O Rourke, PPC Ltd., RW Sidley Inc., Saint Gobain, Shay Murtagh Precast Ltd., Sika AG, The QUIKRETE Companies, US Concrete Inc., Vicat SA, Votorantim SA, Weckenmann Anlagentechnik GmbH and Co. KG, and Xella International GmbH
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, and market condition analysis for the forecast period.
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.
Browse for Technavio's materials market reports
Table of Content:
1 Executive Summary
1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by TypeExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape
2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing
3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size
4.1 Global concrete market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on Global concrete market 2017 - 2021 ($ billion)4.2 Type Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)4.3 End-user Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)5 Five Forces Analysis
5.1 Five forces summary Exhibit 23: Five forces analysis - Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition - Five forces 2022 and 20276 Market Segmentation by Type
6.1 Market segments Exhibit 30: Chart on Type - Market share 2022-2027 (%)Exhibit 31: Data Table on Type - Market share 2022-2027 (%)6.2 Comparison by Type Exhibit 32: Chart on Comparison by TypeExhibit 33: Data Table on Comparison by Type6.3 Ready-mix concrete - Market size and forecast 2022-2027Exhibit 34: Chart on Ready-mix concrete - Market size and forecast 2022-2027 ($ billion)Exhibit 35: Data Table on Ready-mix concrete - Market size and forecast 2022-2027 ($ billion)Exhibit 36: Chart on Ready-mix concrete - Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Ready-mix concrete - Year-over-year growth 2022-2027 (%)6.4 Precast concrete - Market size and forecast 2022-2027Exhibit 38: Chart on Precast concrete - Market size and forecast 2022-2027 ($ billion)Exhibit 39: Data Table on Precast concrete - Market size and forecast 2022-2027 ($ billion)Exhibit 40: Chart on Precast concrete - Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Precast concrete - Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Type Exhibit 42: Market opportunity by Type ($ billion)7 Market Segmentation by End-user
7.1 Market segments Exhibit 43: Chart on End-user - Market share 2022-2027 (%)Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)7.2 Comparison by End-user Exhibit 45: Chart on Comparison by End-userExhibit 46: Data Table on Comparison by End-user7.3 Residential - Market size and forecast 2022-2027Exhibit 47: Chart on Residential - Market size and forecast 2022-2027 ($ billion)Exhibit 48: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)Exhibit 49: Chart on Residential - Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Residential - Year-over-year growth 2022-2027 (%)7.4 Non-residential - Market size and forecast 2022-2027Exhibit 51: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)Exhibit 52: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)Exhibit 53: Chart on Non-residential - Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)7.5 Market opportunity by End-user Exhibit 55: Market opportunity by End-user ($ billion)8 Customer Landscape
8.1 Customer landscape overview Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape
9.1 Geographic segmentation Exhibit 57: Chart on Market share by geography 2022-2027 (%)Exhibit 58: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 59: Chart on Geographic comparisonExhibit 60: Data Table on Geographic comparison9.3 APAC - Market size and forecast 2022-2027Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)9.4 Europe - Market size and forecast 2022-2027Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)9.5 North America - Market size and forecast 2022-2027Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)9.6 South America - Market size and forecast 2022-2027Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)9.8 China - Market size and forecast 2022-2027Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)9.9 US - Market size and forecast 2022-2027Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)9.10 Germany - Market size and forecast 2022-2027Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)9.11 India - Market size and forecast 2022-2027Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion)Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion)Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)9.12 France - Market size and forecast 2022-2027Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 101: Market opportunity by geography ($ billion)10 Drivers, Challenges, and Trends
10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 102: Impact of drivers and challenges in 2022 and 202710.4 Market trends11 Vendor Landscape
11.1 Overview11.2 Vendor landscape Exhibit 103: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 104: Overview on factors of disruption11.4 Industry risks Exhibit 105: Impact of key risks on business12 Vendor Analysis
12.1 Vendors covered Exhibit 106: Vendors covered12.2 Market positioning of vendors Exhibit 107: Matrix on vendor position and classification12.3 Adbri Ltd. Exhibit 108: Adbri Ltd. - OverviewExhibit 109: Adbri Ltd. - Product / ServiceExhibit 110: Adbri Ltd. - Key offerings12.4 Broco Industries Exhibit 111: Broco Industries - OverviewExhibit 112: Broco Industries - Product / ServiceExhibit 113: Broco Industries - Key offerings12.5 Cementir Holding NV Exhibit 114: Cementir Holding NV - OverviewExhibit 115: Cementir Holding NV - Business segmentsExhibit 116: Cementir Holding NV - Key newsExhibit 117: Cementir Holding NV - Key offeringsExhibit 118: Cementir Holding NV - Segment focus12.6 CEMEX SAB de CV Exhibit 119: CEMEX SAB de CV - OverviewExhibit 120: CEMEX SAB de CV - Business segmentsExhibit 121: CEMEX SAB de CV - Key newsExhibit 122: CEMEX SAB de CV - Key offeringsExhibit 123: CEMEX SAB de CV - Segment focus12.7 CRH Plc Exhibit 124: CRH Plc - OverviewExhibit 125: CRH Plc - Business segmentsExhibit 126: CRH Plc - Key newsExhibit 127: CRH Plc - Key offeringsExhibit 128: CRH Plc - Segment focus12.8 HeidelbergCement AG Exhibit 129: HeidelbergCement AG - OverviewExhibit 130: HeidelbergCement AG - Business segmentsExhibit 131: HeidelbergCement AG - Key offeringsExhibit 132: HeidelbergCement AG - Segment focus12.9 Holcim Ltd. Exhibit 133: Holcim Ltd. - OverviewExhibit 134: Holcim Ltd. - Business segmentsExhibit 135: Holcim Ltd. - Key offeringsExhibit 136: Holcim Ltd. - Segment focus12.10 JSW Cement Ltd. Exhibit 137: JSW Cement Ltd. - OverviewExhibit 138: JSW Cement Ltd. - Product / ServiceExhibit 139: JSW Cement Ltd. - Key offerings12.11 PPC Ltd. Exhibit 140: PPC Ltd. - OverviewExhibit 141: PPC Ltd. - Business segmentsExhibit 142: PPC Ltd. - Key offeringsExhibit 143: PPC Ltd. - Segment focus12.12 RW Sidley Inc. Exhibit 144: RW Sidley Inc. - OverviewExhibit 145: RW Sidley Inc. - Product / ServiceExhibit 146: RW Sidley Inc. - Key offerings12.13 Saint Gobain Exhibit 147: Saint Gobain - OverviewExhibit 148: Saint Gobain - Business segmentsExhibit 149: Saint Gobain - Key offeringsExhibit 150: Saint Gobain - Segment focus12.14 Shay Murtagh Precast Ltd. Exhibit 151: Shay Murtagh Precast Ltd. - OverviewExhibit 152: Shay Murtagh Precast Ltd. - Product / ServiceExhibit 153: Shay Murtagh Precast Ltd. - Key offerings12.15 Sika AG Exhibit 154: Sika AG - OverviewExhibit 155: Sika AG - Business segmentsExhibit 156: Sika AG - Key newsExhibit 157: Sika AG - Key offeringsExhibit 158: Sika AG - Segment focus12.16 The QUIKRETE Companies Exhibit 159: The QUIKRETE Companies - OverviewExhibit 160: The QUIKRETE Companies - Product / ServiceExhibit 161: The QUIKRETE Companies - Key offerings12.17 US Concrete Inc. Exhibit 162: US Concrete Inc. - OverviewExhibit 163: US Concrete Inc. - Business segmentsExhibit 164: US Concrete Inc. - Key offeringsExhibit 165: US Concrete Inc. - Segment focus13 Appendix
13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 166: Inclusions checklistExhibit 167: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 168: Currency conversion rates for US$13.4 Research methodology Exhibit 169: Research methodologyExhibit 170: Validation techniques employed for market sizingExhibit 171: Information sources13.5 List of abbreviations Exhibit 172: List of abbreviationsAbout Us
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