Report Description

The India Ready Mix Concrete Market is anticipated to grow at a steady CAGR in the forecast period 2024-2028. Concrete that has been prepared in a batch factory specifically for each task need and is then delivered to the job site "ready to use" is known as ready-mix concrete (RMC). There are two types of vehicles, the first type being the barrel truck or in- transit mixer. This kind of vehicle transports plasticized concrete to the job site. On the other hand, the volumetric concrete mixer is the second type. This method mixes the concrete on site after delivering the ready mix in a dry form. Other sources, however, categorize the substance into three categories: transit mix, central mix, and shrink mix concrete. Concrete that is particularly produced for clients' construction projects and provided to the customer on site as a single product is referred to as ready-mix concrete.

Government Initiatives in the Infrastructure and Construction Sector
India has an unprecedented demand for infrastructure. In an effort to hasten the development of India's infrastructure, the government has granted Real Estate Investment Trust (REIT) authorization to assist investors in entering the real estate market there. As a result, during the next several years, the Indian market presents an opportunity of USD 19.65 billion. Through the Global Housing Technologies Challenge, the government hopes to update the construction industry's technology.

The nation has allocated USD29.2 billion for the Smart-Communities initiative, which aims to create world-class, sustainable communities. With investments of USD16.5 billion, 75% of the projects were finished by June 2020. The national government has allotted USD16.5 million for the HRIDAY initiative, which promotes the growth of historic cities. AMRUT and Pradhan Mantri Awas Yojana, a national housing program (PMAY), among other government initiatives, are anticipated to have a significant positive impact on the infrastructure and construction sectors. In many respects, this would increase demand for ready-mix concrete in the upcoming years.


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Recent Development:

  • In order to build urban infrastructure in Tier 2 and Tier 3 cities, the government plans to launch the Urban Infrastructure Development Fund (UIDF) as per Budget 2023. This fund is likely to get an annual budget allocation of USD1216.05 million. Additionally, they intend to encourage private investment in infrastructure construction.
  • India has invested USD 777.73 billion in infrastructure in 2022 to ensure the country's sustainability.
  • India, the US, Israel, and the UAE launched a new quadrilateral economic conference in November 2021 to concentrate on regional infrastructure development initiatives and boost bilateral cooperation.
  • In October 2021, Prime Minister Mr. Narendra Modi proposed a USD 1.5 trillion master plan for multi-modal connectivity with the intention of building infrastructure to reduce logistic costs and boost the economy.
  • Over the next five years, India intends to invest USD1.4 trillion in infrastructure through its "National Infrastructure Pipeline." Infrastructure-related operations made about 13% of the USD81.72 billion in overall FDI inflows in 2021. To realize the goal of housing for everybody by 2022, India is expected to build 43,000 homes per day till that time. The Pradhan Mantri Awas Yojana plan has sanctioned 122.69 lakh homes, grounded 103.01 lakh homes, and finished 62.21 lakh homes as of 22 August 2022. (PMAY-Urban).
  • In September 2022, the government approved investment of a shared USD122.27 million on the construction of a rail-road bridge over the Brahmaputra River near the existing Saraighat Bridge in Guwahati.
  • In August 2022, Mr. Nitin Gadkari, Minister of Road Transport and Highways, laid the cornerstone for six NH projects in Indore, Madhya Pradesh, totaling USD 287.89 million.
  • Between April 2000 and June 2022, Foreign Direct Investment (FDI) in the areas of construction (infrastructure) and construction development (townships, housing, built-up infrastructure, and construction development projects) was USD 26.22 billion and USD 28.64 billion, respectively.
  • The Asian Development Bank (ADB) authorized a loan in November 2021 for USD250 million to fund the National Industrial Corridor Development Program (NICDP). This is a portion of the 500-million-dollar loan for the construction of 11 industrial corridors connecting 17 states.

Market Segmentation
The India Ready Mix Concrete Market is divided into Production Site, Product Type, Application, Region and Competitive Landscape. Based on production site, the market is divided into on site and off site. Based on product type, the market is segmented into Transit Mixed Concrete, Central Mix Concrete and Shrink Mixed Concrete. Based on application, the market is segmented into Commercial, Residential, Infrastructure and Industrial.

Market Players
Major market players in India ready mix concrete market are Ultra Tech Cement Limited, ACC Limited, Nuvoco Vistas Corp. Ltd, RDC Concrete (India) Pvt. Ltd, Ijm Concrete Products Private Limited, Prism Johnson Limited, The India Cements Limited, The Ramco Cement Limited, Adani Group and JK Lakshmi Cement Ltd. 

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

By Production Site

By Product Type

By Application

Regional scope

North, South, West, and East.

Key companies profiled

Ultra Tech Cement Limited, ACC Limited, Nuvoco Vistas Corp. Ltd, RDC Concrete (India) Pvt. Ltd, Ijm Concrete Products Private Limited, Prism Johnson Limited, The India Cements Limited, The Ramco Cement Limited, Adani Group, and JK Lakshmi Cement Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the India ready mix concrete market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         India Ready Mix Concrete Market, By Production Site:

o   On Site

o   Off Site

·         India Ready Mix Concrete Market, By Product Type: 

o   Transit Mixed Concrete

o   Central Mix Concrete

o   Shrink Mixed Concrete

·         India Ready Mix Concrete Market, By Application: 

o   Commercial

o   Residential

o   Infrastructure

o   Industrial

·         India Ready Mix Concrete Rental Market, By Region:

o   North

o   South

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Ready Mix Concrete Market.

Available Customizations:

TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Ready Mix Concrete Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Ready Mix Concrete Market

4.    Executive Summary

5.    Voice of Customers

6.    India Ready Mix Concrete Market Outlook

6.1.  Market Size & Forecast

6.1.1.       By Value

6.2.  Market Share & Forecast

6.2.1.       By Production Site (On Site and Off Site)

6.2.2.       By Product Type (Transit Mixed Concrete, Central Mix Concrete and Shrink Mixed Concrete)

6.2.3.       By Application (Commercial, Residential, Infrastructure and Industrial) 

6.2.4.       By Region (North, East, West, South)

6.2.5.       By Company (2022)

6.3.  Market Map

7.    North India Ready Mix Concrete Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.       By Production Site

7.2.2.       By Product Type

7.2.3.       By Application

8.    South India Ready Mix Concrete Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.       By Production Site

8.2.2.       By Product Type

8.2.3.       By Application

9.    East India Ready Mix Concrete Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.       By Production Site

9.2.2.       By Product Type

9.2.3.       By Application

10. West India Ready Mix Concrete Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.2.   Market Share & Forecast

10.2.1.    By Production Site

10.2.2.    By Product Type

10.2.3.    By Application

11. Market Dynamics

11.1.   Drivers

11.1.1.    Rising the investment in the infrastructure sector by the union & States government

11.1.2.    Helps to accelerate the construction work.

11.1.3.    Zero waste and reduced dust pollution.

11.2.   Challenges

11.2.1.    Requires huge initial investment,

11.2.2.    Not suitable for small projects (less quantity of concrete is required)

11.2.3.    Need an effective transportation system from the batching plant to the job site.

12. Market Trends & Developments

12.1.   Government Initiatives

12.2.   Merger & Acquisitions

13. Policy & Regulatory Landscape

14. Company Profiles

14.1.   Ultra Tech Cement Limited

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2.   ACC Limited

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3.   Nuvoco Vistas Corp. Ltd

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Service

14.4.   RDC Concrete(India) Pvt. Ltd

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Service

14.5.   Ijm Concrete Products Private Limited

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6.   Prism Johnson Limited

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7.   The India Cements Limited

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8.   The Ramco Cement Limited

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9.   Adani Group

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10.JK Lakshmi Cement Ltd

14.10.1. Business Overview

14.10.2. Key Revenue and Financials (If Available)

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Services

15. Strategic Recommendations

15.1.   Key focus on West Region

15.2.   Key focus towards Application Segment

16. About Us & Disclaimer


The data given for any year represents the market during the period, i.e., 1st April of the former year to 31st March of latter year. Eg: For FY2023E, the data represents the period, 1st April 2022 to 31st March 2023.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

Figures and Tables

Frequently asked questions

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Ultra Tech Cement Limited, ACC Limited, Nuvoco Vistas Corp. Ltd, RDC Concrete (India) Pvt. Ltd, Ijm Concrete Products Private Limited, Prism Johnson Limited, The India Cements Limited, The Ramco Cement Limited, Adani Group, and JK Lakshmi Cement Ltd among others are the leading players in the India Ready mix concrete Market.

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The infrastructure sub-segment in the application segment is expected to dominate with the largest market share in the upcoming years on account of growing construction activities such as construction of highways, roads, dams, airports, among others.

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Rising investment in the infrastructure sector by the union & states government and reasonable prices & quality products are the main factors driving the India Ready Mix Concrete market.

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Requirement for huge initial investment, unsuitable for small projects (as less quantity of concrete is required) and need for an effective transportation system from the batching plant to the job site are the major challenges faced by the India Ready Mix Concrete Market.

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Srishti Verma

Business Consultant
Press Release

India Ready Mix Concrete Market is expected to register a high CAGR during the Forecast Period

May, 2023

Rising investment in the infrastructure sector by the union & states government and reasonable prices & quality products are driving the growth of the India Ready Mix Concrete Market in the forecast