The ready-mix concrete market - Italy

Since 2020, the global ready-mix concrete market has experienced significant growth. The market was valued at $844 billion in 2022 and is projected to reach $1118 billion by 2028, with an estimated CAGR of 4.8% from 2022 to 2028. This growth is attributed to an increase in commercial and residential construction projects, heightened investment in infrastructure, and the various benefits of ready-mix concrete such as reduced construction time and low maintenance costs. The Asia-Pacific region dominated the market share in 2021 due to the rise in ready-mix concrete usage for construction, supported by the growing population's demand for residential and commercial spaces. In Italy, the construction of residential and nonresidential buildings has seen a substantial uptick, contributing to the recovery of the concrete market. Public spending on infrastructure in Italy witnessed a 40% upswing from 20 billion euros in 2016 to 28 billion euros in 2020, suggesting a positive outlook for the industry. Additionally, the Italian market is expected to further benefit from significant infrastructure investments related to hosting the Winter Olympic Games in Milan in 2024. Despite encountering challenges like material durability, the market is innovating with solutions like self-healing concrete to enhance longevity. Regulations such as EU Regulation 305/2011 overseeing construction product production and marketing, along with CE marking requirements, maintain industry standards and promote safety. The price of concrete production in Italy rose by 25.7% from October 2021 to October 2022, and the market remains segmented with leading companies like Concretes S.p.A holding substantial market turnover. Italy maintains a trade surplus in cement and concrete, with exports significantly exceeding imports, indicating a healthy balance in foreign trade for the industry..Trends and Dynamics in the Italian Ready-Mixed Concrete Market The Italian ready-mixed concrete market has seen a fluctuation in terms of demand and production over the years, with a notable recovery after experiencing a slight decline. Currently, the market is in a growth phase and is deemed to be increasingly receptive to innovative solutions that address key concerns like durability. The integration of new cementitious materials that are more resistant to weathering and require fewer repairs has propelled the demand for more sustainable and durable ready-mixed concrete solutions. In terms of market dynamics, the construction of both residential and nonresidential buildings has been on the rise. Between the periods of 2016 and 2019, the construction space increased by approximately 22.8 percent for residential and around 41.1 percent for nonresidential projects. However, the share of residential to nonresidential construction has maintained a consistent ratio of about 30 percent over the years. Public expenditure has been a driving force affecting the concrete market, with a 40 percent growth from 20 billion to 28 billion in public infrastructure spending recorded from 2016 to 2020. Similarly, resources allocated to public works have surged by approximately 21.5 percent between 2020 and 2021, with continued growth projected for the subsequent years. Civil engineering investment, especially related to new construction, has followed this upward trend, with an increase of about 8.1 percent in 2020 compared to the previous year. The fluctuations in the real estate market have had significant implications for the precast concrete industry, with market variability heavily influenced by the political climate, market conditions, and major transactions. Large events such as the upcoming Winter Olympic Games in Milan in 2024 will likely boost infrastructure works and drive further demand for ready-mixed concrete. Planned works for these events are estimated to be valued at hundreds of millions. Another significant determinant influencing the market is demography. A 24 percent decrease in births was observed between 2010 and 2019, indicative of a broader downward population trend. This decrease could have implications for future housing demand and, consequently, the consumption of ready-mixed concrete. The Italian market has also witnessed the evolution of prices for concrete production, reflecting an upward trend. Over the past year, there was a reported 25.7 percent price increase, indicating cost pressures that may impact the construction industry at large. The segmentation of the Italian ready-mixed concrete industry reveals key players with turnovers ranging significantly, with industry leaders generating over 200 million euros..### Key Players in the Ready-Mixed Concrete Market The ready-mixed concrete market comprises a range of competitors from industry leaders to medium and smaller sized enterprises, each playing a significant role in shaping the landscape of the construction material industry in Italy. In this chapter, we will delve into some of the prominent entities that are influencing market dynamics with their competitive offerings and strategic positioning. **1. Industry Leader: Betonrossi Spa** As one of the market leaders, Betonrossi Spa stands out with its extensive experience and wide range of concrete products. Renowned for providing high-quality solutions, Betonrossi is synonymous with innovation and reliability, catering to a broad spectrum of construction needs. **2. Colabeton** A close competitor, Colabeton has carved out a substantial market share with its ready-mixed concretes. With a history of excellence, it has emerged as a trusted name in the ready-mixed concrete sector, offering products that combine versatility with performance. **3. Medium-Large Enterprises** Operating at the medium to large scale are companies like Facchin Calcestruzzi S.r.l. and Calcestruzzi Fiorentini Srl, each with their own competitive strengths. Facchin Calcestruzzi is recognized for tailoring concrete solutions to meet specific client requirements, while Calcestruzzi Fiorentini Srl prides itself on producing high-grade concretes suiting a diverse range of projects. **4. Calcestruzzi Cipiccia** Another key medium-sized player, Calcestruzzi Cipiccia, continues to make significant inroads in the market through its customer-centric approach and commitment to sustainability in production methods. **5. Medium-Small Enterprises** At the medium-small business end of the spectrum companies, such as Calcestruzzi della Val Roja, FRIULANA CALCESTRUZZI SRL, and READY-MIXED CONCRETE LTD demonstrate the sector's diversity. Calcestruzzi della Val Roja is known for its regional expertise, while FRIULANA CALCESTRUZZI SRL enjoys a solid reputation for its tailored services. READY-MIXED CONCRETE LTD, despite its size, competes effectively by offering cost-efficient and flexible concrete solutions. Altogether, these companies illustrate the competitive nature of the ready-mixed concrete market. They each exhibit unique attributes, from market dominance and innovative product lines by the industry leaders to specialized services and agility of the medium and smaller enterprises. Their combined efforts contribute to the

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• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 19/11/2021

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