Europe Ready-Mix Concrete Market Size (2024 - 2029)

The European ready-mix concrete market is poised for growth, driven by the recovery of the construction sector and increasing investments in residential properties. Despite challenges such as high initial costs and transportation issues, the market's expansion is supported by rehabilitation and maintenance activities. The United Kingdom, in particular, shows promising potential for market growth due to a surge in new residential developments. However, geopolitical tensions, like the Russia-Ukraine war, pose risks to the construction industry's progress.

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Market Size of Europe Ready-Mix Concrete Industry

Europe Ready-Mix Concrete Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration High

Major Players

Europe Ready-Mix Concrete Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Ready-Mix Concrete Market Analysis

The European ready-mix concrete (RMC) market is expected to register a CAGR of over 6% during the forecast period.

The construction sector in Europe has been reeling under tremendous stress from the prolonged lockdowns and labor shortages because of the COVID-19 pandemic. However, the situation seems to be improving, with the manufacturing and services sector of the region slowly growing back to the pre-pandemic levels.

  • The potential growth of the construction segment favored by foreign and local investments and the rising demand for residential properties across the region are expected to drive the industry growth.
  • However, the rising concerns amid the Russia-Ukraine war and the potential implications of the aftermath could undermine the development of the construction segment. Known disadvantages of RMC, like the requirement of high initial investment and challenges associated with transportation of the same may likely hamper the demand in the market.
  • On the other hand, growing rehabilitation and maintenance activities associated with residential properties across Europe may potentially help strengthen the ready-mix concrete demand in the future.
  • The growth of the construction sector looks promising for the United Kingdom across the European region, with the sharp rise in new residential development and rehabilitation and maintenance activities across the country, which may potentially drive regional market growth.

Europe Ready-Mix Concrete Industry Segmentation

Ready-mix concrete (RMC) is concrete that is delivered to the job site to be used directly after being batched at a central plant. RMC finds its applications in foundations, walls, floors and bases, driveways, and other constructional activities owing to its excellent properties. The European ready-mix concrete market is segmented by end-user industry and geography. By end-user industry, the market is segmented into residential, commercial, industrial/institutional, and infrastructure. By geography, the market is segmented into Germany, United Kingdom, Italy, France, and Rest of Europe. The report covers the market sizes and forecasts for four countries across the region. For each segment, market sizing and forecasts have been provided on the basis of value (USD billion).

By End-user Industry
Residential
Commercial
Industrial/Institutional
Infrastructure
By Geography
Germany
United Kingdom
Italy
France
Rest of Europe
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Europe Ready-Mix Concrete Market Size Summary

The European ready-mix concrete market is poised for significant growth, driven by the recovery of the construction sector post-pandemic. The sector is experiencing a resurgence due to increased rehabilitation and maintenance activities in residential properties, alongside a rise in new residential developments, particularly in the United Kingdom. This growth is supported by both foreign and local investments, which are expected to bolster the demand for ready-mix concrete. However, challenges such as the high initial investment costs and transportation issues, along with geopolitical concerns stemming from the Russia-Ukraine conflict, could potentially hinder market expansion. Despite these challenges, the ongoing demand for residential property development and maintenance activities is anticipated to sustain the market's growth trajectory.

The construction industry in Europe is witnessing robust activity, with significant investments in both housebuilding and infrastructure projects. Countries like France and Italy have reported substantial growth in construction activities, with a notable increase in housebuilding and renovation efforts. This trend is expected to continue, driven by the need for renovation and decarbonization of existing buildings, as highlighted by the European Commission's call for additional investments. The market is characterized by a consolidated landscape, with key players such as HOLCIM and CEMEX SAB de CV actively expanding their operations through strategic acquisitions. These developments indicate a promising outlook for the ready-mix concrete market in Europe, with potential for increased demand driven by ongoing and planned construction projects.

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Europe Ready-Mix Concrete Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Residential Construction

      2. 1.1.2 Rising Rehabilitation and Maintenance Activities across the Region

    2. 1.2 Restraints

      1. 1.2.1 Ease of Availability of Potential Subsititutes

      2. 1.2.2 Russia-Ukraine War Undermining the Construction Development

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-user Industry

      1. 2.1.1 Residential

      2. 2.1.2 Commercial

      3. 2.1.3 Industrial/Institutional

      4. 2.1.4 Infrastructure

    2. 2.2 By Geography

      1. 2.2.1 Germany

      2. 2.2.2 United Kingdom

      3. 2.2.3 Italy

      4. 2.2.4 France

      5. 2.2.5 Rest of Europe

Europe Ready-Mix Concrete Market Size FAQs

The Europe Ready-Mix Concrete Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

CEMEX SAB de CV, HOLCIM, Buzzi Unicem SpA, Cementir Holding N.V. and Heidelberg Materials are the major companies operating in the Europe Ready-Mix Concrete Market.

Europe Ready-Mix Concrete Report Snapshots

Europe Ready-Mix Concrete Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)