Ready Mix Concrete Market Size, Industry Growth & Forecast 2028
The ready mix concrete market size is expected to grow from US$ 844.10 billion in 2022 to US$ 1,118.18 billion by 2028; it is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
Ready mix concrete is manufactured in a batch plant as per each specific requirement on the job site. Transit mixed concrete, shrink mixed concrete, and central mixed concrete are some of the commonly used types of ready mix concrete. Ready mix concrete is mixed in a controlled environment and can be utilized for an array of projects. Ready mix concrete is sustainable and has high durability, leading to its high demand in different applications.
In 2021, Asia Pacific held the largest revenue share of the global ready mix concrete market. The region has been noticed as one of the prominent markets for the utilization of ready mix concrete owing to the surge in construction activities. The growing number of ready mix concrete uses in numerous residential and non-residential sectors is anticipated to continue to increase the demand for ready mix concrete in Asia Pacific. Moreover, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India.
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Ready Mix Concrete Market: Strategic Insights
Market Size Value in US$ 844.10 Billion in 2022 Market Size Value by US$ 1,118.18 Billion by 2028 Growth rate CAGR of 4.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Ready Mix Concrete Market: Strategic Insights
| Market Size Value in | US$ 844.10 Billion in 2022 |
| Market Size Value by | US$ 1,118.18 Billion by 2028 |
| Growth rate | CAGR of 4.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Ready Mix Concrete Market
Before the COVID-19 pandemic, the ready mix concrete market was mainly driven by its increasing use in residential and commercial applications. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries in the wake of the COVID-19 pandemic. The building & construction industry was hit hard, which negatively impacted ready mix concrete consumption in different regions. Moreover, the supply chain disruptions halted the manufacturing and distribution of building materials. Builders experienced rising costs and delays in imported raw materials and off-site building materials due to many factories being shut for lengthy periods. The building construction was almost negligible in Europe due to the shortage of laborers and disrupted supply chain of raw materials.
However, in 2021, various countries began relaxing restrictions. The global marketplace begun recovering from the losses. Manufacturers were permitted to operate at full capacity, helping them overcome the supply gap. In Europe, various industries, including the building & construction industry, are back on track with supply constraints affecting these industries being resolved gradually. Rising demand for ready mix concrete across diverse industrial applications and growing initiatives of government bodies to combat COVID-19 are expected to substantially promote the ready mix concrete market globally.
Market Insights
Rise in Commercial and Residential Construction Projects
Ready mix concrete is used in nearly all construction projects owing to benefits such as reduced construction time, low maintenance cost, and versatility. The rapid population growth has urged government bodies to promote reforms in urban planning. For instance, Dubai’s population increased by 0.1 million from 2020 to 2022, with the government projection of 5.8 million by 2040. The country’s economic stability, better connectivity, low cost of energy, and government diversification strategy are the factors responsible for driving investors and customers to invest in residential and commercial properties. According to the European Union, the European Regional Development Fund (ERDF) allocated 8% to strengthen sustainable urban development and support the cohesion policy's urban dimension. The European Commission’s renovation wave strategy involves affordable housing initiatives and aims for green buildings. All these factors are positively impacting the ready mix concrete market growth.
End Use-Based Insights
Based on end use, the global ready mix concrete market is segmented into residential, commercial, and others. The ready mix concrete market share for the residential segment was largest in 2021. The residential sector includes private housing, apartment, and buildings. The investments and development activities in the residential infrastructure sector can be attributed to the rising population and urbanization. Moreover, favorable government policies in many countries have led to the establishment of residential buildings and ready-mix concrete manufacturing units, which is anticipated to upscale the demand for ready-mix concrete from the residential sector.
A few players operating in the global ready mix concrete market include ACC Limited; Vicat SA; LafargeHolcim; Buzzi Unicem S.p.A; BARNEY AND DICKENSON INC.; R.W. Sidley, Inc.; CEMEX S.A.B. DE C.V.; HEIDELBERGCEMENT AG; ULTRATECH CEMENT LTD.; and CROWN CEMENT PLC. Players operating in the ready mix concrete market are focusing on providing high-quality products to fulfill customer demands. They are also focusing on strategies such as investments in research and development activities and mergers & acquisitions.
Report Spotlights
- Progressive industry trends in the ready mix concrete industry to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the market from 2020 to 2028
- Estimation of global demand for ready mix concrete
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the ready mix concrete market growth
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The ready mix concrete market size at various nodes
- Detailed overview and segmentation of the market, as well as the ready mix concrete industry dynamics
- The ready mix concrete market size in various regions with promising growth opportunities
The global ready mix concrete market is segmented by end use into residential, commercial, and others.
Ready Mix Concrete Market Report Scope
Company Profiles
- ACC Limited
- Vicat SA
- LafargeHolcim
- Buzzi Unicem S.p.A
- BARNEY AND DICKENSON INC.
- R.W. Sidley, Inc.
- CEMEX S.A.B. DE C.V.
- HEIDELBERGCEMENT AG
- ULTRATECH CEMENT LTD.
- CROWN CEMENT PLC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Bangladesh, Brazil, Canada, China, Egypt, France, Germany, India, Indonesia, Italy, Japan, Malaysia, Mexico, Netherlands, Nigeria, Poland, Saudi Arabia, South Africa, South Korea, Spain, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States, Vietnam
Frequently Asked Questions
The projected growth of the market during the forecast period is attributed to rise in commercial and residential construction projects and high government spending on infrastructure projects.
Asia Pacific is estimated to register the fastest CAGR in the global ready mix concrete market over the forecast period. The growing number of ready mix concrete uses in numerous residential and non-residential sectors is anticipated to continue to increase the demand for ready mix concrete in Asia Pacific.
The commercial segment held the largest share of the global ready mix concrete market in 2021. The high demand for precast concrete by the commercial sector, owing to the rising investment in commercial construction projects is anticipated to drive the commercial segment during the forecast period.
The residential segment held the largest share of the global ready mix concrete market in 2021. The residential sector includes private housing, apartment, and buildings. The favorable government policies in many countries have led to the establishment of residential buildings and ready-mix concrete manufacturing units, which is anticipated to upscale the demand for ready-mix concrete from the residential sector.
In 2021, Asia Pacific held the largest share of the global ready mix concrete market. The region has been noticed as one of the prominent markets for the utilization of ready mix concrete owing to the surge in construction activities.
A few players operating in the global ready mix concrete market include ACC Limited; Vicat SA; LafargeHolcim; Buzzi Unicem S.p.A; BARNEY AND DICKENSON INC.; R.W. Sidley, Inc.; CEMEX S.A.B. DE C.V.; HEIDELBERGCEMENT AG; ULTRATECH CEMENT LTD.; and CROWN CEMENT PLC.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Ready Mix Concrete Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Ready Mix Concrete Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Commercial and Residential Construction Projects
5.1.2 High Government Spending on Infrastructure Projects
5.2 Market Restraints
5.2.1 Pollution Caused by Commercial Ready Mix Concrete Production Plants in Metro Cities
5.3 Market Opportunities
5.3.1 Development of Sustainable Low Carbon Range Ready Mix Concrete
5.4 Future Trends
5.4.1 Utilization of Ready Mix Concrete in 3D Printing Process
5.5 Impact Analysis of Drivers and Restraints
6. Ready Mix Concrete – Global Market Analysis
6.1 Ready Mix Concrete Market Overview
6.2 Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
6.3 Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
6.4 Market Positioning – Key Market Players
7. Global Ready Mix Concrete Market Analysis – By End Use
7.1 Overview
7.2 Global Ready Mix Concrete Market, By End Use (2021 and 2028)
7.3 Residential
7.3.1 Overview
7.3.2 Residential: Global Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
7.3.3 Residential: Global Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Commercial
7.4.1 Overview
7.4.2 Commercial: Global Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
7.4.3 Commercial: Global Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Global Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
7.5.3 Others: Global Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
8. Global Ready Mix Concrete Market– Geographic Analysis
8.1 Overview
8.2 North America: Ready Mix Concrete Market
8.2.1 North America: Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
8.2.2 North America: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.2.4 North America: Ready Mix Concrete Market, by End Use
8.2.5 North America: Ready Mix Concrete Market, by Key Country
8.2.5.1 US: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.2.5.2 US: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.2.5.2.1 US: Ready Mix Concrete Market, by End Use
8.2.5.3 Canada: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.2.5.4 Canada: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.2.5.4.1 Canada: Ready Mix Concrete Market, by End Use
8.2.5.5 Mexico: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.2.5.6 Mexico: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.2.5.6.1 Mexico: Ready Mix Concrete Market, by End Use
8.3 Europe: Ready Mix Concrete Market
8.3.1 Europe: Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
8.3.2 Europe: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.4 Europe: Ready Mix Concrete Market, by End Use
8.3.5 Europe: Ready Mix Concrete Market, by Key Country
8.3.5.1 Germany: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.2 Germany: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.2.1 Germany: Ready Mix Concrete Market, by End Use
8.3.5.3 France: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.4 France: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.4.1 France: Ready Mix Concrete Market, by End Use
8.3.5.5 Italy: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.6 Italy: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.6.1 Italy: Ready Mix Concrete Market, by End Use
8.3.5.7 Spain: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.8 Spain: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.8.1 Spain: Ready Mix Concrete Market, by End Use
8.3.5.9 United Kingdom: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.10 United Kingdom: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.10.1 United Kingdom: Ready Mix Concrete Market, by End Use
8.3.5.11 Poland: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.12 Poland: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.12.1 Poland: Ready Mix Concrete Market, by End Use
8.3.5.13 Netherlands: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.14 Netherlands: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.14.1 Netherlands: Ready Mix Concrete Market, by End Use
8.3.5.15 Rest of Europe: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.3.5.16 Rest of Europe: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.3.5.16.1 Rest of Europe: Ready Mix Concrete Market, by End Use
8.4 Asia Pacific: Ready Mix Concrete Market
8.4.1 Asia Pacific: Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
8.4.2 Asia Pacific: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.3 Asia Pacific: Ready Mix Concrete Market, by End Use
8.4.5 Asia Pacific: Ready Mix Concrete Market, by Key Country
8.4.5.1 Australia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.2 Australia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.2.1 Australia: Ready Mix Concrete Market, by End Use
8.4.5.3 Japan: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.4 Japan: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.4.1 Japan: Ready Mix Concrete Market, by End Use
8.4.5.5 South Korea: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.6 South Korea: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.6.1 South Korea: Ready Mix Concrete Market, by End Use
8.4.5.7 Indonesia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.8 Indonesia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.8.1 Indonesia: Ready Mix Concrete Market, by End Use
8.4.5.9 Taiwan: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.10 Taiwan: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.10.1 Taiwan: Ready Mix Concrete Market, by End Use
8.4.5.11 India: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.12 India: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.12.1 India: Ready Mix Concrete Market, by End Use
8.4.5.13 Malaysia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.14 Malaysia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.14.1 Malaysia: Ready Mix Concrete Market, by End Use
8.4.5.15 Vietnam: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.16 Vietnam: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.16.1 Vietnam: Ready Mix Concrete Market, by End Use
8.4.5.17 China: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.18 China: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.18.1 China: Ready Mix Concrete Market, by End Use
8.4.5.19 Rest of Asia-Pacific: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.4.5.20 Rest of Asia-Pacific: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.4.5.20.1 Rest of Asia-Pacific: Ready Mix Concrete Market, by End Use
8.5 Middle East and Africa: Ready Mix Concrete Market
8.5.1 Middle East and Africa: Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
8.5.2 Middle East and Africa: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.4 Middle East and Africa: Ready Mix Concrete Market, by End Use
8.5.5 Middle East and Africa: Ready Mix Concrete Market, by Key Country
8.5.5.1 South Africa: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.5.5.2 South Africa: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.5.2.1 South Africa: Ready Mix Concrete Market, by End Use
8.5.5.3 Saudi Arabia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.5.5.4 Saudi Arabia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.5.4.1 Saudi Arabia: Ready Mix Concrete Market, by End Use
8.5.5.5 U.A.E: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.5.5.6 U.A.E: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.5.6.1 U.A.E: Ready Mix Concrete Market, by End Use
8.5.5.7 Nigeria: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.5.5.8 Nigeria: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.5.8.1 Nigeria: Ready Mix Concrete Market, by End Use
8.5.5.9 Egypt: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.5.5.10 Egypt: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.5.10.1 Egypt: Ready Mix Concrete Market, by End Use
8.5.5.11 Rest of Middle East and Africa: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.5.5.12 Rest of Middle East and Africa: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.5.5.12.1 Rest of Middle East and Africa: Ready Mix Concrete Market, by End Use
8.6 South and Central America: Ready Mix Concrete Market
8.6.1 South and Central America: Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
8.6.2 South and Central America: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.6.4 South and Central America: Ready Mix Concrete Market, by End Use
8.6.5 South and Central America: Ready Mix Concrete Market, by Key Country
8.6.5.1 Brazil: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.6.5.2 Brazil: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.6.5.2.1 Brazil: Ready Mix Concrete Market, by End Use
8.6.5.3 Argentina: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.6.5.4 Argentina: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.6.5.4.1 Argentina: Ready Mix Concrete Market, by End Use
8.6.5.5 Rest of South and Central America: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
8.6.5.6 Rest of South and Central America: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
8.6.5.6.1 Rest of South and Central America: Ready Mix Concrete Market, by End Use
9. Impact of COVID-19 Pandemic on Global Ready Mix Concrete Market
9.1 Impact of COVID-19 on Ready Mix Concrete Market
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.4 APAC: Impact Assessment of COVID-19 Pandemic
9.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
9.6 South & Central America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. COMPANY PROFILES
11.1 ACC Limited
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Vicat SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 LafargeHolcim
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Buzzi Unicem S.p.A
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 BARNEY AND DICKENSON INC.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 R.W. Sidley, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 CEMEX S.A.B. DE C.V.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 HEIDELBERGCEMENT AG
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ULTRATECH CEMENT LTD
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 CROWN CEMENT PLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Ready Mix Concrete Market –Volume and Forecast to 2028 (Million Cubic Meters)
Table 2. Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 4. Global Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 6. North America Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 7. US Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 8. US Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 9. Canada Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 10. Canada Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 11. Mexico Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 12. Mexico Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 13. Europe Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 14. Europe Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 16. Germany Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 17. France Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 18. France Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 19. Italy Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 20. Italy Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 21. Spain Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 22. Spain Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 23. United Kingdom Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 24. United Kingdom Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 25. Poland Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (Million Cubic Meters)
Table 26. Poland Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 27. Netherlands Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 28. Netherlands Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 29. Rest of Europe Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 30. Rest of Europe Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 31. Asia Pacific Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 32. Asia Pacific Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 33. Australia Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 34. Australia Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 35. Japan Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 36. Japan Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 37. South Korea Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 38. South Korea Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 39. Indonesia Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 40. Indonesia Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 41. Taiwan Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 42. Taiwan Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 43. India Ready Mix Concrete Market, by End Use Volume and Forecast to 2028 (Million Cubic Meters)
Table 44. India Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 45. Malaysia Ready Mix Concrete Market, by End Use Volume and Forecast to 2028 (Million Cubic Meters)
Table 46. Malaysia Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 47. Vietnam Ready Mix Concrete Market, by End Use Volume and Forecast to 2028 (Million Cubic Meters)
Table 48. Vietnam Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 49. China Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 50. China Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 51. Rest of Asia-Pacific Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 52. Rest of Asia-Pacific Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 53. Middle East and Africa Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 54. Middle East and Africa Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 55. South Africa Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 56. South Africa Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 57. Saudi Arabia Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 58. Saudi Arabia Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 59. U.A.E Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 60. U.A.E Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 61. Nigeria Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 62. Nigeria Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 63. Egypt Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 64. Egypt Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 65. Rest of Middle East and Africa Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 66. Rest of Middle East and Africa Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 67. South and Central America Ready Mix Concrete Market, by End Use –Volume and Forecast to 2028 (Million Cubic Meters)
Table 68. South and Central America Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 69. Brazil Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 70. Brazil Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 71. Argentina Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 72. Argentina Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 73. Rest of South and Central America Ready Mix Concrete Market, by End Use – Volume and Forecast to 2028 (Million Cubic Meters)
Table 74. Rest of South and Central America Ready Mix Concrete Market, by End Use – Revenue and Forecast to 2028 (USD million)
Table 75. Glossary of Terms, Global Ready Mix Concrete Market
LIST OF FIGURES
Figure 1. Ready Mix Concrete Market Segmentation
Figure 2. Ready Mix Concrete Market Segmentation – By Geography
Figure 3. Global Ready Mix Concrete Market Overview
Figure 4. Residential Segment Held Largest Share of the Global Ready Mix Concrete Market
Figure 5. Asia Pacific Region Held Largest Share of the Global Ready Mix Concrete Market
Figure 6. Global Ready Mix Concrete Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Ready Mix Concrete Market Impact Analysis of Driver and Restraints
Figure 11. Geographic Overview of Ready Mix Concrete Market
Figure 12. Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 13. Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Global Ready Mix Concrete Market Revenue Share, By End Use (2021 and 2028)
Figure 15. Residential: Global Ready Mix Concrete Market – Volume and Forecast To 2028 (Million Cubic Meters)
Figure 16. Residential: Global Ready Mix Concrete Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Commercial: Global Ready Mix Concrete Market – Volume and Forecast To 2028 (Million Cubic Meters)
Figure 18. Commercial: Global Ready Mix Concrete Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Global Ready Mix Concrete Market – Volume and Forecast To 2028 (Million Cubic Meters)
Figure 20. Others: Global Ready Mix Concrete Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Global Ready Mix Concrete Market Revenue Share, by Region (2021 and 2028)
Figure 22. North America: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 23. North America: Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Ready Mix Concrete Market Revenue Share, by End Use (2021 and 2028)
Figure 25. North America: Ready Mix Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. US: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 27. US: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 29. Canada: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 31. Mexico: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 33. Europe: Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Ready Mix Concrete Market Revenue Share, by End Use (2021 and 2028)
Figure 35. Europe: Ready Mix Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 36. Germany: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 37. Germany: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. France: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 39. France: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 41. Italy: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42. Spain: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 43. Spain: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. United Kingdom: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 45. United Kingdom: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. Poland: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 47. Poland: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Netherlands: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 49. Netherlands: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 51. Rest of Europe: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 53. Asia Pacific: Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Asia Pacific: Ready Mix Concrete Market Revenue Share, by End Use (2021 and 2028)
Figure 55. Asia Pacific: Ready Mix Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. Australia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 57. Australia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 59. Japan: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 61. South Korea: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Indonesia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 63. Indonesia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. Taiwan: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 65. Taiwan: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. India: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 67. India: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Malaysia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 69. Malaysia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 70. Vietnam: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 71. Vietnam: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 72. China: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 73. China: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 74. Rest of Asia-Pacific: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 75. Rest of Asia-Pacific: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 76. Middle East and Africa: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 77. Middle East and Africa: Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Middle East and Africa: Ready Mix Concrete Market Revenue Share, by End Use (2021 and 2028)
Figure 79. Middle East and Africa: Ready Mix Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 80. South Africa: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 81. South Africa: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 82. Saudi Arabia: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 83. Saudi Arabia: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 84. U.A.E: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 85. U.A.E: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 86. Nigeria: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 87. Nigeria: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 88. Egypt: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 89. Egypt: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 90. Rest of Middle East and Africa: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 91. Rest of Middle East and Africa: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 92. South and Central America: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 93. South and Central America: Ready Mix Concrete Market – Revenue and Forecast to 2028 (US$ Million)
Figure 94. South and Central America: Ready Mix Concrete Market Revenue Share, by End Use (2021 and 2028)
Figure 95. South and Central America: Ready Mix Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 96. Brazil: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 97. Brazil: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 98. Argentina: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 99. Argentina: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 100. Rest of South and Central America: Ready Mix Concrete Market – Volume and Forecast to 2028 (Million Cubic Meters)
Figure 101. Rest of South and Central America: Ready Mix Concrete Market –Revenue and Forecast to 2028 (US$ Million)
Figure 102. Impact of COVID-19 Pandemic in North America
Figure 103. Impact of COVID-19 Pandemic on Ready Mix Concrete Market in Europe
Figure 104. Impact of COVID-19 Pandemic on Ready Mix Concrete Market in APAC
Figure 105. Impact of COVID-19 Pandemic on Ready Mix Concrete Market in Middle East & Africa
Figure 106. Impact of COVID-19 Pandemic in South and Central America
The List of Companies - Ready Mix Concrete Market
- ACC Limited
- Vicat SA
- LafargeHolcim
- Buzzi Unicem S.p.A
- BARNEY AND DICKENSON INC.
- R.W. Sidley, Inc.
- CEMEX S.A.B. DE C.V.
- HEIDELBERGCEMENT AG
- ULTRATECH CEMENT LTD.
- CROWN CEMENT PLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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