$41.5bn
$X.Xbn
85,679
2,014
$X.Xbn
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 lagged due to rising mortgage rates. In addition, the value of private nonresidential construction has declined, mainly because of the negative effects stemming from the pandemic. Meanwhile, the climbing price of cement has helped offset falling demand in residential and nonresidnetial construction and boost overall industry revenue. Over the past five years, ready-mix concrete manufacturing revenue has grown at a CAGR of 0.9% to $41.5 billion, including an expected increase of 0.4% in 2024 alone. Profit is estimated to represent 5.7% of revenue in 2024.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $41.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
CRH PLC | 2,884.6 | 327.5 | 11.4 | |
Martin Marietta Materials, Inc. | 2,337.9 | 489.5 | 20.9 | |
Cemex Sab De Cv | 1,824.3 | 192.1 | 10.5 |
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Industry revenue is measured across several distinct product and services lines, including Transit mixed concrete, Shrink mixed concrete and Central mixed concrete. Transit mixed concrete is the largest segment of the Ready-Mix Concrete Manufacturing in the US.
Transit-mixed concrete remains relatively steady
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.
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NAICS 32732 - Ready-Mix Concrete Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue growth has been more stable than expected even though demand from nonresidential construction markets has declined. Higher interest rates have curtailed the gains mad...
Learn about an industry's products and services, markets and trends in international trade.
Demand from major markets is driven by three key factors: mortgage rates, corporate profit and government-funded infrastructure projects. As interest rates continue to rise, ...
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Population affects the number of businesses in regions since the population is the key external driver for construction activity.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Unlike many other industries, competition in this industry is local. Due to the highly perishable nature of ready-mix concrete, businesses focus on dominating local markets.
Learn about the performance of the top companies in the industry.
The industry doesn’t have major players as the highly perishable nature of ready-mix concrete eliminates competition on the national level and reduces the amount of internatio...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Environmental laws have become more important. While most of the regulations related to ready-mix concrete manufacturers have remained unchanged, more attention has been give...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Labor costs have declined over the past five years. Subsiding labor shortages in the manufacturing sector have contributed to falling wage expenses.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Ready-Mix Concrete Manufacturing in the US industry in United States is $41.5bn in 2024.
There are 2,014 businesses in the Ready-Mix Concrete Manufacturing in the US industry in United States, which has declined at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Ready-Mix Concrete Manufacturing in the US industry in United States has been growing at a CAGR of 0.9 % between 2019 and 2024.
Over the next five years, the Ready-Mix Concrete Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Ready-Mix Concrete Manufacturing market in United States are CRH PLC, Martin Marietta Materials, Inc. and Cemex Sab De Cv
Manufacturing wet batches of ready-mix concrete in plants and Delivering ready-mix concrete to end users are part of the Ready-Mix Concrete Manufacturing in the US industry.
The company holding the most market share in United States is CRH PLC.
The level of competition is high and steady in the Ready-Mix Concrete Manufacturing in the US industry in United States.