The concrete contractor market is projected to grow by USD 571.3 million with a CAGR of 0.71% during the forecast period 2021 to 2026.
This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by end-user (building construction, building renovation, and other constructions) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including ARL Construction Inc., Base Construction Inc., Blue Wolf Performance Solutions LLC, CEMEX SAB de CV, CRH Plc, CRM Construction Inc., First Davis Corp., Forterra Inc., Four Square Industrial Constructors LLC., HeidelbergCement AG, Holcim Ltd., Shay Murtagh Precast Ltd., Sika AG, Votorantim SA, Weckenmann Anlagentechnik GmbH & Co. KG, and Wells Concrete among others.
What will the Concrete Contractor Market Size be During the Forecast Period?
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Concrete Contractor Market: Key Drivers, Trends, and Challenges
The increasing urbanization and industrial development are notably driving the market growth, although factors such as automation and digitization of production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the concrete contractor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Concrete Contractor Market Driver
Increasing urbanization and industrial development are the key drivers supporting the market's growth. According to the World Bank Group, in the year 2022, 56% of the world's population will live in cities. This trend is expected to continue, and by 2050, the urban population will more than double its current size. These developments indicate the growth potential for residential and commercial developments, and a cumulative space uptake of 80-120 million sq. ft. in grade-A office buildings, including co-working spaces, can be expected over the next five years. The first major shift will be in terms of the geographical spread, and Tier 1 cities will no longer be the major contributors to the growth in office or retail space. Thus, increasing urbanization and development will lead to the growth of the global market during the forecast period.
Key Concrete Contractor Market Trend
Eco-friendly buildings and construction are one of the key market trends contributing to market growth. The construction and building process involves substantial CO2 emissions. Therefore, it is necessary to take the required action to transition to a carbon-neutral model. An example of this is the Roadmap of the Spanish cement industry, which aims to achieve climate neutrality by 2050, but which will negatively affect industries such as Clinker, Cement, Concrete, Construction, and Re-Carbonation. The use of construction materials such as straw bale, bamboo, and other biodegradable material, as well as solar and other renewable and clean energy and biomass is on the rise as people are increasingly becoming aware of the rise in the use of environment-friendly materials in construction. Thus, the demand for concrete contractors will increase during the forecast period.
Key Concrete Contractor Market Challenge
Automation and digitization of production are one of the factors hampering the market growth. Digitization is now being used in construction projects and management from the beginning to the end. It requires a qualified and tech-savvy workforce to implement any advanced technology in the construction business. Global surveys show that the average age of construction workers is above 40 years. It is extremely hard for an ageing workforce to learn and adopt new technologies. Training can also be time-consuming and expensive. The construction industry faces challenges in developing common standards for all participants at each phase of the construction project. This increasing adoption of digitization in the construction industry post-pandemic will negatively affect the demand for concrete construction materials during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global concrete contractor market as a part of the global construction materials market. Our research report has extensively covered the external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Concrete Contractor Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ARL Construction Inc.
- Base Construction Inc.
- Blue Wolf Performance Solutions LLC
- CEMEX SAB de CV
- CRH Plc
- CRM Construction Inc.
- First Davis Corp.
- Forterra Inc.
- Four Square Industrial Constructors LLC.
- HeidelbergCement AG
- Holcim Ltd.
- Shay Murtagh Precast Ltd.
- Sika AG
- Votorantim SA
- Weckenmann Anlagentechnik GmbH & Co. KG
- Wells Concrete
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- forterrabp.com - The company offers precast concrete products used in drainage, stormwater, and other infrastructure applications, through its subsidiary Barbour Concrete Company.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Concrete Contractor Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the concrete contractor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Concrete Contractor Market?
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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for concrete contractors in North America. Market growth in this region will be slower than the growth of the market in APAC and South America.
The government of Canada is working with the provinces and territories to develop a net-zero-energy-ready building code that will be adopted by provinces and territories by 2030, which will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The construction industry in North America witnessed a decline in growth due to the COVID-19 pandemic. However, with the resumption of construction activities post the lifting of restrictions and the recovery from the pandemic, the market in the North American region is expected to witness growth during the forecast period.
What are the Revenue-generating End-user Segments in the Concrete Contractor Market?
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Building Construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Building Construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Building Construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Building Construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Building Construction - Year-over-year growth 2021-2026 (%)
- 5.4 Building Renovation - Market size and forecast 2021-2026
- Exhibit 32: Chart on Building Renovation - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Building Renovation - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Building Renovation - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Building Renovation - Year-over-year growth 2021-2026 (%)
- 5.5 Other Constructions - Market size and forecast 2021-2026
- Exhibit 36: Chart on Other Constructions - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Other Constructions - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Other Constructions - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Other Constructions - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by End-user
- Exhibit 40: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 ARL Construction Inc.
- Exhibit 93: ARL Construction Inc. - Overview
- Exhibit 94: ARL Construction Inc. - Product / Service
- Exhibit 95: ARL Construction Inc. - Key offerings
- 10.4 Base Construction Inc.
- Exhibit 96: Base Construction Inc. - Overview
- Exhibit 97: Base Construction Inc. - Product / Service
- Exhibit 98: Base Construction Inc. - Key offerings
- 10.5 Blue Wolf Performance Solutions LLC
- Exhibit 99: Blue Wolf Performance Solutions LLC - Overview
- Exhibit 100: Blue Wolf Performance Solutions LLC - Product / Service
- Exhibit 101: Blue Wolf Performance Solutions LLC - Key offerings
- 10.6 CEMEX SAB de CV
- Exhibit 102: CEMEX SAB de CV - Overview
- Exhibit 103: CEMEX SAB de CV - Business segments
- Exhibit 104: CEMEX SAB de CV - Key news
- Exhibit 105: CEMEX SAB de CV - Key offerings
- Exhibit 106: CEMEX SAB de CV - Segment focus
- 10.7 CRM Construction Inc.
- Exhibit 107: CRM Construction Inc. - Overview
- Exhibit 108: CRM Construction Inc. - Product / Service
- Exhibit 109: CRM Construction Inc. - Key offerings
- 10.8 First Davis Corp.
- Exhibit 110: First Davis Corp. - Overview
- Exhibit 111: First Davis Corp. - Product / Service
- Exhibit 112: First Davis Corp. - Key offerings
- 10.9 Forterra Inc.
- Exhibit 113: Forterra Inc. - Overview
- Exhibit 114: Forterra Inc. - Business segments
- Exhibit 115: Forterra Inc. - Key offerings
- Exhibit 116: Forterra Inc. - Segment focus
- 10.10 Four Square Industrial Constructors LLC.
- Exhibit 117: Four Square Industrial Constructors LLC. - Overview
- Exhibit 118: Four Square Industrial Constructors LLC. - Product / Service
- Exhibit 119: Four Square Industrial Constructors LLC. - Key offerings
- 10.11 HeidelbergCement AG
- Exhibit 120: HeidelbergCement AG - Overview
- Exhibit 121: HeidelbergCement AG - Business segments
- Exhibit 122: HeidelbergCement AG - Key news
- Exhibit 123: HeidelbergCement AG - Key offerings
- Exhibit 124: HeidelbergCement AG - Segment focus
- 10.12 Sika AG
- Exhibit 125: Sika AG - Overview
- Exhibit 126: Sika AG - Business segments
- Exhibit 127: Sika AG - Key news
- Exhibit 128: Sika AG - Key offerings
- Exhibit 129: Sika AG - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 11.5 List of abbreviations
- Exhibit 136: List of abbreviations
- Ready-mix concrete: Includes standard ready-mix concrete, architectural and decorative concrete, rapid-setting concrete, fiber-reinforced concrete, fluid-fill concrete, roller-compacted concrete, self-consolidating concrete, pervious concrete, and antibacterial concrete. o
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