Market Research Services for Ready Mix Concrete (RMC) Market of India

The Ready-Mix Concrete (RMC) market in India has undergone significant expansion in recent years. India has established a promising position in Asia, accounting for 6.24% of the market share.

As per Statista, the RMC market generated a revenue of USD 10.7 billion in 2024, growing at a CAGR of 7.1%. The market is driven by infrastructure development, technological advancements, industrial growth, and modernization. This upgrade in the construction ecosystem offers better quality and reduces waste resulting in speeding up of projects. The residential vertical accounted for 41.8% of the revenue generated.

RMC is basically a pre-mixed batter of cement, sand, gravel, water, etc used for construction. It is made in a batching plant with accurate measurements and then delivered in a ready-to-use state. Whereas typical concrete is made on-site requiring a lot of manpower, RMC ensures consistent quality, saving time and labour. RMC, being the pillar of modern construction in India is widely used across various segments. For example, high-rise buildings, infrastructure projects, commercial spaces, metros, and flyovers.

Market Growth Drivers:

The ongoing technological advancements have been instrumental in driving growth in the RMC market of India. Features like automated batching plants and specialized additives improve the quality of concrete and enable timely delivery.
Government initiatives like PMAYG and Make in India are key drivers of the RMC industry. The housing projects under PMAYG boost the demand for construction fueling the need for RMC. Additionally, “Make in India” has been actively promoting the development of industrial infrastructure indigenously, encouraging local manufacturers.
India’s commercial real estate is estimated to reach 358 million sq. ft. by 2030, which will further boost the demand for RMC resulting in its market expansion. As a developing country, there is increased demand for commercial spaces, offices, and malls indicating higher RMC consumption.
There is a surge in the residential sector of India which is further leading to RMC market growth. The demand is higher in Tier 1 cities where the residential floor area is increasing at a CAGR of 9.4%. The overall floor area of India’s housing sector is estimated to reach 3.27 billion sq. ft. by 2030.
India’s growing warehousing sector along with the country’s flourishing infrastructure industry have been significant growth drivers for the RMC market. India is planning to invest USD 4.5 trillion in infrastructure development by 2030.

Feasibility study for cement plant and Feasibility study for RMC Plants are becoming crucial aspects in assessing the potential for new projects and ensuring sustainability in the growing demand for ready-mix concrete.

Competitive Landscape:

The Ready-Made Concrete (RMC) market of India presents well established players along with numerous emerging enterprises coming into space. Some of the major players in the market are UltraTech Cement, RDC Concrete, Adani Group, Prism Johnson, and Nuvoco Vistas Corp.

Major cement manufacturers like UltraTech Cement are expanding their operations by offering ready-mix concrete. As cement is the main ingredient to produce concrete, it gives them an edge over RMC producers.

The market is highly fragmented and competitive. Unorganized players make up a significant portion of the industry due to their strong presence and distribution networks in the local markets. Unorganized players generally deal with small-scale operations, whereas organized players operate across multiple cities and large-scale projects. Local players often offer lower prices, which may them an edge over major players.

Many emerging players are coming up with unique innovations with specialized concrete mixes. Dominant players like RDC Concrete are heavily investing in technology, automation, and advanced batching plants to improve efficiency and provide customizable solutions.

Tier-2 and tier-3 cities are witnessing rapid urbanization and infrastructure development making these markets a lucrative space for RMC manufacturers. Additionally, the government provides tax breaks, subsidies, and other incentives to set up operations in tier 2 and tier 3 cities making it more attractive for companies. Feasibility study for cement plant Overall, the RMC market of India is focused on innovation, sustainability, and responsiveness to customer needs. Also, companies need to focus on R&D to enhance their operations and excel in the competitive market. Feasibility study for real estate industry

Transit Mix RMC vs Shrink Mix RMC:

Ready-mix concrete is divided into two segments by category: transit mix and shrink mix. In 2024, transit mixed concrete dominated the market, accounting for around ~ 70% of the market share. This concrete has been the go-to option for commercial and residential projects as it is easy to produce eliminating the need for separate mixing. The success of transit mix concrete is attributed to its cost-effectiveness and simplified production. The concrete can be made directly through truck mixers making it a favourable choice for small-scale projects.

Market research for real estate industry has highlighted that shrink mixed concrete has also shown remarkable growth being the fastest growing segment. The concrete is preferred choice for large-scale projects where quality control and higher capacity are crucial. The production involves aspects of both central mix and ready-mix concrete, where the concrete is partially mixed at the central mixing plants and further loaded into truck mixers. The category has grown its presence in urban areas and is used in major projects like high-rise buildings, bridges, flyovers, infrastructure projects, etc.

Challenges in the sector:

The price of key raw materials like cement, sand, and granite are highly volatile, which affects the profit margins for RMC manufacturers. Market research for construction material industry is essential as maintaining industry-level quality can also be challenging due to the variations in raw materials.
RMC production causes environmental impacts as cement leaves carbon footprints, which is the major source of greenhouse gas emissions. Hence, it is important for RMC producers to practice sustainable methods.
The country lacks the availability of skilled plant operators and technicians, which leads to inefficiency and reduced outputs. RMC companies need to invest in workforce training, automation, and technology to streamline their operations.
The RMC industry faces a bulk of challenges due to inadequate logistics and transportation barriers. Traffic issues cause delays, which lead to the hardening of concrete setting and quality issues. Also, insufficient logistics results in higher transportation costs, affecting the profit margins.

Market & Feasibility Study Services for RMC sector in India

If you are an investor or a business owner and looking to set-up an RMC business (or any other related business), then we can assist you with a detailed feasibility study report. Our scope of services will include the following:

Market Insights
Competitive Insights
Customer Assessments
Market Scanning & Demand Evaluation
Regulatory & Licensing Information
Supply Chain Insights
Financial modelling
Growth & Strategy

For any further information, feel free to drop us a mail at info@theindiawatch.com

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