India ready mix concrete market was valued USD 2378.11 Million in FY2020 and the market is forecast to grow at CAGR of 16.21% during the forecast period. Ready mix concrete is a mixture of cement, supplementary materials, aggregates, water and mixtures in defined proportions. In RMC, all the ingredients are proportioned in accordance with the standard codes of practice to get the targeted strength and durability. The quality of concrete depends on the way it is mixed, placed, compacted, finished, cured and protected. RMC is preferred over normal concrete owing to ease of use, convenience, and better quality.
Factors like increasing urbanization, growing population and rising focus of government on infrastructural development are driving India ready mix concrete market. The government of India launched smart cities program to create cities equipped with good infrastructure offering high quality of life through smart solutions, which is likely to foster the demand for RMC. Further, establishment of manufacturing facilities and power plants to keep up with the growing demand for energy, is further anticipated to stimulate the demand for RMC during the forecast period.
The India ready mix concrete market is segmented based on production, product type, application, region and company. Based on application, the market can be segmented into commercial, residential, industrial and infrastructure. The infrastructure segment is anticipated to dominate the market with share of 55.24% in FY2026 on account of growing construction activities such as construction of highways, roads, dams, airports, among others. The commercial segment is also expected to hold substantial market share during the forecast period due to growing population with improved standard of living, which is resulting in rising construction of commercial buildings such as shopping malls, schools, offices, colleges, banks, and hospitals.
Leading companies operating in the ready mix concrete market of India include Ultra Tech Cement Limited, ACC Limited, Nuvoco Vistas Corporation Limited, RDC Concrete(India) Pvt. Ltd., I J M Concrete Products Private Limited, Prism Johnson Limited, The India Cements Limited, Godrej Construction, The Ramco Cement Limited, and JK Lakshmi Cement Limited, among others.
Years considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022–FY2026
Objective of the Study:
- To analyze and forecast the market size of India ready mix concrete market.
- To classify and forecast India ready mix concrete market based on production, product type, application, company and regional distribution.
- To identify drivers and challenges for India ready mix concrete market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India ready mix concrete market.
- To conduct pricing analysis for India ready mix concrete market.
- To identify and analyze the profile of leading players operating in India ready mix concrete market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India ready mix concrete market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Ready mix concrete manufacturers, suppliers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to ready mix concretes
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India ready mix concrete market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Ready Mix Concrete Market, By Production:
o On site
o Off site
- India Ready Mix Concrete Market, By Product Type:
o Transit Mixed Concrete
o Shrink Mixed Concrete
- India Ready Mix Concrete Market, By Application:
- India Ready Mix Concrete Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India ready mix concrete market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).