Ready-Mix Concrete Manufacturing in the US - Industry Market Research Report
Description
Ready-Mix Concrete Manufacturing in the US
This industry's performance relies on activity in residential, commercial and infrastructure construction markets. Over the past five years, the value of residential construction has grown due to low housing stock and low mortgage rates. Conversely, the value of private nonresidential construction has declined, mainly because of COVID-19. Meanwhile, spending on US infrastructure has increased in the second half of the current period. IBISWorld estimates that over the past five years, ready-mix concrete manufacturing revenue has grown at a CAGR of 0.1% to $39.1 billion, including an expected decline of 2.8% in 2023 alone. Profit is estimate to represent 5.4% of revenue in 2023.
This industry manufactures concrete and delivers it in a plastic and unhardened state to purchasers, such as contractors, who then mix and pour the concrete at construction sites. This industry does not engage in mixing and pouring operations. It also does not manufacture dry concrete.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
This industry's performance relies on activity in residential, commercial and infrastructure construction markets. Over the past five years, the value of residential construction has grown due to low housing stock and low mortgage rates. Conversely, the value of private nonresidential construction has declined, mainly because of COVID-19. Meanwhile, spending on US infrastructure has increased in the second half of the current period. IBISWorld estimates that over the past five years, ready-mix concrete manufacturing revenue has grown at a CAGR of 0.1% to $39.1 billion, including an expected decline of 2.8% in 2023 alone. Profit is estimate to represent 5.4% of revenue in 2023.
This industry manufactures concrete and delivers it in a plastic and unhardened state to purchasers, such as contractors, who then mix and pour the concrete at construction sites. This industry does not engage in mixing and pouring operations. It also does not manufacture dry concrete.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
71 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
