Report Description

The Saudi Arabia Ready Mix Concrete Market is anticipated to grow at a steady pace in the forecast period, 2024-2028 & growing at a 3.42% CAGR in the forecast period 2024-2028.

Ready-mix concrete (RMC) is made in a batch factory for each task required and is then delivered to the project site "ready to use".  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 type mixes the concrete on the site after delivering the ready mix in a dry form. However, according to some sources, the material may be divided into three types: transit mix, central mix, and shrink mix concrete. Ready-mix concrete is specifically made for customers' construction projects and delivered to the customer on-site as a single product.

Government Initiatives in the Infrastructure sector

Saudi Arabia has started a trillion-dollar pipeline of infrastructure projects to diversify its economy other than, from oil. The Kingdom aspires to become a significant global hub for investment and logistics, as stated in its Vision 2030. With giant projects strategically positioned all throughout the Kingdom, the development program has opened opportunities in a variety of brand-new industries, including renewable energy, tourism, and smart cities. The Economic Cities Authority, on the other hand, was set up to renew investor interest in earlier economic city efforts in the Kingdom that aimed to solve specific socioeconomic issues including the shortage of affordable housing and efficient transportation,. Saudi Infrastructure Expo brings together government organizations, procurement professionals, owners, architects, consultants, and developers involving the numerous infra and giga projects so they can network with local and international suppliers and source the products to change the country's outlook. This transformation presents a wide range of opportunities. Massive public and private sector projects funded by the Public Investment Fund, the royal commissions in charge of the major metropolitan areas, the appropriate ministries, and the private sector are driving a substantial number of initiatives and possibilities. Saudi Arabia's market had a rapid recovery following COVID, and presently there are projects worth more than USD 1.70 trillion in the planning stage.

Rapid Infrastructure development

In Saudi Arabia, the building industry makes 8% of the overall GDP. A major infrastructure project in Saudi Arabia is expected to attract more than USD 800 billion investments by 2030, making the country one of the largest building markets in the Middle East. Saudi Arabia has intended to highlight the increasing involvement of the private sector in the construction of its infrastructure, most likely through public-private partnerships (PPPs), Saudi Arabia is anticipated to be able to execute "Comprehensive Public Transportation Plans" in  additional five cities over the same time, to accomplish "Saudi Arabia's National Transformation Plan, 2020" owing to the growing private sector's engagement. Additionally, the Saudi Arabia government has allotted around USD 43.8 billion for infrastructure projects linked to transportation, telecommunications, water, agriculture, and other relevant fields, in addition to several metro development projects in significant cities. The requirement for ready mix concrete is predicted to increase as the country's infrastructure develops. As a result, it is anticipated that the ready mix concrete market is expected to expand over the upcoming years and retain a high CAGR from 2024 to 2028.


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Recent Development:

  • In August 2022, Al Kifah Ready-Mix & Blocks (KRB) became the first supplier to provide ready-mix concrete to Neom Mountain Base Camp Trojena, a property for Neom personnel that includes more than 400 lodging units and recreational structures.
  • On March 1, 2022, Al Kifah Ready-Mix & Blocks (KRB), one of the top producers of ready-mixed concrete and concrete masonry blocks in Saudi Arabia, introduced its green product line at The Big 5 Saudi under the new tagline "Keep it ConGreen." ConGreen concrete offers several environmental and sustainable advantages, as well as high durability, increased performance, and superior workability and pumping qualities, according to Al Kifah Research and Development Center. It is appropriate for self-compacting concrete owing to its strong passing and finishing abilities. Additionally, ConGreen also has a minimal carbon footprint, with carbon dioxide (CO2) emission factors that are up to 30% lower than those of normal concrete and compressive and flexural strengths that are higher than those of concrete with the same cement content.
  • On December 3, 2019, The Red Sea Development Company (TRSDC), the company in charge of one of the biggest tourism projects in the world, awarded a contract to AlFalah Ready Mix for the provision of structural low-carbon concrete made with recycled raw materials to meet current and future project demand while upholding its environmental sustainability goals. In the application of green concrete for destination-scale development, TRSDC is a pioneer. This product, which has a minimal carbon footprint and is made using recycled raw materials, is expected to be essential to achieving high sustainability goals.
  • A 65% IKTVA (In Kingdom Total Value Add program) Score was officially published by Saudi Ready mix for 2020. This was accomplished by adding domestic value while selling concrete and associated materials to local customers and projects, such as Saudi Aramco projects. Staff members from Saudi Arabia were hired and trained, and local materials were utilized. According to the mission statement of our company, "To contribute to the preservation of the nation's and its people's wealth."

Market Segmentation

The Saudi Arabia Ready Mix Concrete Market is divided into production site, product type, and application. Based on the production site, the market is divided into on-site and off-site. Based on the product type, the market is segmented into transit mixed concrete, central mix concrete, and shrink mixed concrete. Based on the application, the market is segmented into commercial, residential, infrastructure, and industrial.

Market Players

Major market players in Saudi Arabia Ready Mix Concrete are Saudi Ready mix Concrete Company Ltd, Al- Kifah Holding, Saudi Building Materials Company Limited, Bina Ready-Mix Concrete Products, Qanbar Ready Mix, Green Concrete Company CJSC, Al Kathiri Holding Co, Shoaheq Tiba Ready Mix Concrete, Unibeton Ready Mix, AL Sharq Ready Mix.

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 2024-2028

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

By Production Site

By Product Type

By Application

By Region

Regional scope

Eastern region, Western region, Southern region, Northern & Central region

Key companies profiled

Saudi Ready mix Concrete Company Ltd, Al- Kifah Holding, Saudi Building Materials Company Limited, Bina Ready-Mix Concrete Products, Qanbar Ready Mix, Green Concrete Company CJSC, Al Kathiri Holding Co, Shoaheq Tiba Ready Mix Concrete, Unibeton Ready Mix, AL Sharq Ready Mix.

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 Saudi Arabia ready mix concrete market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Ready Mix Concrete Market, By Production Site:

o   On-Site

o   Off-Site

  • Saudi Arabia Ready Mix Concrete Market, By Product Type:

o   Transit Mixed Concrete

o   Central Mix Concrete

o   Shrink Mixed Concrete

  • Saudi Arabia Ready Mix Concrete Market, By Application:

o   Commercial

o   Residential

o   Infrastructure

o   Industrial

  • Saudi Arabia Ready Mix Concrete Rental Market, By Region:

o   Eastern region

o   Western region

o   Southern region

o   Northern & Central region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia 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).

Saudi Arabia 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

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.       Markets Covered

1.2.2.       Years Considered for Study

1.2.3.       Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Impact of COVID-19 on Saudi Arabia’s Ready Mix Concrete Market

4.    Executive Summary

5.    Voice of Customers

6.    Saudi Arabia 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 (Eastern region, Western region, Southern region, Northern & Central region)

6.3.  By Company (2022)

6.4.  Market Map

7.    Saudi Arabia Eastern Region 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.    Saudi Arabia Western Region 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.    Saudi Arabia Southern Region 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. Saudi Arabia Northern & Central Region 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

11.2.   Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. Saudi Arabia Economic Profile

15. Company Profiles

15.1.   Saudi Ready mix Concrete Company Ltd

15.1.1. Business Overview

15.1.2. Key Revenue and Financials (If Available)

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.2.   Al- Kifah Holding

15.2.1. Business Overview

15.2.2. Key Revenue and Financials (If Available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.3.   Saudi Building Materials Company Limited

15.3.1. Business Overview

15.3.2. Key Revenue and Financials (If Available)

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Service

15.4.   Bina Ready-Mix Concrete Products

15.4.1. Business Overview

15.4.2. Key Revenue and Financials (If Available)

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Service

15.5.   Qanbar Ready Mix

15.5.1. Business Overview

15.5.2. Key Revenue and Financials (If Available)

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

15.6.   Green Concrete Company CJSC

15.6.1. Business Overview

15.6.2. Key Revenue and Financials (If Available)

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services

15.7.   Al Kathiri Holding Co

15.7.1. Business Overview

15.7.2. Key Revenue and Financials (If Available)

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services

15.8.   Shoaheq Tiba Ready Mix Concrete

15.8.1. Business Overview

15.8.2. Key Revenue and Financials (If Available)

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services

15.9.   Unibeton Ready Mix

15.9.1. Business Overview

15.9.2. Key Revenue and Financials (If Available)

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services

15.10.AL Sharq Ready Mix

15.10.1. Business Overview

15.10.2. Key Revenue and Financials (If Available)

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services

16. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Saudi Ready mix Concrete Company Ltd, Al- Kifah Holding, Saudi Building Materials Company Limited, Bina Ready-Mix Concrete Products, Qanbar Ready Mix, Green Concrete Company CJSC, Al Kathiri Holding Co, Shoaheq Tiba Ready Mix Concrete, Unibeton Ready Mix, AL Sharq Ready Mix are some leading players in the Saudi Arabia Ready Mix Concrete Market.

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The residential market is anticipated to expand at a strong CAGR over the duration of the forecast period due to factors such as low mortgage rates, rapid economic growth, rising demand for affordable housing, and urbanization.

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The major advantages of ready-mix concrete are reduced dust pollution, availability in reasonable prices, acceleration in the speed of construction work, etc.

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Ready mix concrete requires huge initial investment. It is not suitable for small projects (less quantity of concrete is required) and needs an effective transportation system from the batching plant to the job site. These are the major challenges faced by the Saudi Arabia Ready Mix Concrete Market.

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Srishti Verma

Business Consultant
Press Release

Saud Arabia Ready Mix Concrete Market is Expected to Grow Due to Government Initiatives

Oct, 2023

Rising the number of mega projects and accelerating the speed of construction work are driving the market growth of the Saudi Arabia Ready Mix Concrete Market in the forecast period 2024-2028.