Market Size of Europe Ready-Mix Concrete Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
