Global Concrete Contractor Market Size By Type (Lightweight Cellular Concrete, Heavyweight Concrete), By Application (Residential, Commercial), By Geography And Forecast

Concrete Contractor Market Size And Forecast

Concrete Contractor Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

As cities expand and industries develop, the concrete contractor market is really taking off. Builders and buyers are increasingly looking for ways to build that are both affordable and good for the planet, opting for modern techniques. And with more money in their pockets, folks in developing countries are demanding better construction, further fueling the move towards these newer methods. Want the full scoop? The Global Concrete Contractor Market report gives you a complete picture. It dives deep into all the important parts – key segments, trends, what's helping and hurting the market, who the big players are, and what's really making a difference.

Global Concrete Contractor Market Definition

Concrete is a really big deal in modern construction – it's basically the backbone of our cities! Think of it as artificial stone, mixed from things like cement (the gelling part), gravel (or aggregates), water, and sometimes special additives. What's great about concrete is that it's made from stuff that's easy to find, cheap, and not too complicated to mix up, so we're using more and more of it all the time. Plus, it's super strong, lasts a long time, and comes in different strengths. That's why you see concrete everywherenot just in your typical civil engineering projects, but also in shipbuilding, the machinery industry, even things like exploring the ocean and tapping into geothermal energy. It's a truly essential material, you know?

Concrete construction offers significantly reduced construction time. Reduction in time also results in a reduction of human labor, which leads to cost savings. Concrete construction allows parts of an entire building to be made even before the completion of the foundation for the same. Modular constructions take only four to eight weeks to be completed and assembled, while the conventional on-site constructed buildings require twice the time for construction of a similar-sized structure. Improved quality and productivity, shortened construction time, and reduced waste generation makes this type of construction method cheaper, which makes it a preferable choice for end-users.

Global Concrete Contractor Market Overview

The rising prominence of offsite construction to reduce material wastage and increase efficiency is anticipated to drive the growth. Rapid industrialization and urbanization in emerging economies focus on the development of high-quality infrastructure around the world, and emphasis on green building projects are the major factors driving the market. In addition, the availability of low-cost raw materials and strong demand from consumer and domestic industries are expected to aid the growth.

The rising popularity of construction is anticipated to generate high demand for cement, which in turn, is likely to result in extensive mining activities causing environmental issues in many countries. The presence of a large number of suppliers and regional players results in low switching costs. Factors, such as product differentiation and technological innovation are anticipated to assist suppliers to gain an advantage in the increasingly competitive market. However, the cost of switching concrete product suppliers is anticipated to be below.

Significant investment in infrastructure and real estate development is offering lucrative market opportunities for concrete. The emphasis on infrastructure and residential needs, particularly in emerging nations has resulted in a considerable flow of private and government investment in these sectors.

Cement and aggregates are the primary raw materials used for the production of concrete. Hence, fluctuations there are expected to have a negative impact on product prices. However, increasing the use of concrete additives to strengthen the durability of the structure is projected to benefit the product demand. Furthermore, stringent government regulations and policies are expected to hamper the production of cement on large scale, which may adversely affect the market in near future.

Global Concrete Contractor MarketSegmentation Analysis

The Global Concrete Contractor Market is segmented based on Type, Application, and Geography.

Concrete Contractor Market, By Type

• Lightweight Cellular Concrete• Heavyweight Concrete• Others

Based on Type, the market is bifurcated into Lightweight Cellular Concrete, Heavyweight Concrete, and Others.

Concrete Contractor Market, By Application

• Residential• Commercial

Based on Application, the market is bifurcated into Residential, Commercial. Residential construction dominated the global concrete contractor market in 2019 and is expected to expand at a significant CAGR over the forecast period. The growth can be attributed to the rising disposable income and revival of housing construction. In addition, a rise in government initiatives for affordable housing is predicted to aid the product demand over the forecast period.

Concrete Contractor Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

So, when we look at the world, the Global Concrete Contractor Market is divided up by geography into North America, Europe, Asia Pacific, and everywhere else. Get ready for some action in Asia Pacific! They're expecting the biggest growth thanks to cities getting bigger and bigger, which means more investments in things like transport, ports, roads, and huge factories. Plus, with economies growing super fast and more industrial construction happening, the need for concrete is only going to go up. In Europe, expect to see more building because mortgage rates are so low, which will also boost concrete demand. And don't forget North America! Their construction industry is booming in developed economies, and everyone wants sustainable and advanced ways of building, so they'll need more concrete too. All this commercial growth is probably going to create tons of new opportunities for different industries to expand their markets.

Key Players

The “Global Concrete Contractor Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Contract Applicators Inc., Hennigan Engineering Co., Inc., Base Construction, Inc., Marshall Industrial Technologies, Four Square Industrial Constructors, CRM Construction, Inc., Turner Group Construction, Blakeland, LLC, First Davis Corp., and Acadiane’ Renovations and Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In February 2021, Skanska received a USD 334.6-million contract from Kanta-Hame Hospital District to build a new hospital in Hameenlinna, Finland.

Mergers and Acquisitions

• In January 2021, Lafarge Holcim got into a deal to acquire Firestone Building Products from Bridgestone Americas for USD 3.4 billion.

Product Launches and Product Expansions

• In December 2020, CEMEX launched Vertua, its brand of low carbon ready-mix concrete, in the US after the introduction in Mexico and Europe. The range consists of Vertua Classic, Vertua Plus, and Vertua Ultra.

• In March 2020, Abumet Nigeria Limited, a subsidiary of Julius Berger Nigeria Plc, began a cutting-edge IGU production line in Abuja, Nigeria. The company’s position in the Middle East and Africa has grown with the addition of this new location.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll dive deep into the market using both qualitative and quantitative analysis, breaking it down by segments based on things like the economy, but also other important stuff. You'll get the market value in USD Billion for each of those segments and sub-segments. We'll point out which region and segment is likely to grow the fastest and be the biggest. Plus, we'll analyze each geographic area, looking at how the product/service is used and what's influencing the market there. We'll also check out the competitive scene, ranking the main players and highlighting new services/products, partnerships, expansions, and acquisitions from the last five years. You'll get detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for the big names. We'll give you the current and future outlook, covering growth opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. We'll even use Porter's five forces analysis for a thorough look and explore the market's Value Chain to give you a complete picture. Finally, we'll share the market dynamics and growth opportunities for the future, and you get 6 months of analyst support after the sale.

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