Industry Analysis & Industry Trends
Ready-mixed concrete (RMC) is the principal material input for infrastructure, building foundations and on-site cast panels. Manufacturers batch, mix and deliver concrete for use by contractors and compete with construction contractors mixing concrete on-site for their own projects. The volume of RMC deliveries peaked at 23.2 million cubic metres in 2007-08 and collapsed by 40% over the next two years due to the recession-induced slump in construction across most building markets. Production has been variable in the past five years and is forecast to currently total 14.1 million cubic metres, down by an estimated compound annual rate of 9.5% over the five years through 2012-13.
The industry is forecast to currently generate revenue of £2.29 billion, down 3.8%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature phase of its life cycle. The industry's performance is primarily dependent on demand conditions in the downstream building and construction markets, which have contracted sharply since the late 2000s and generally trended down as a share of the UK economy.
Over the 10 years through 2017-18, industry value added is projected to fall at a compound annual rate of 3.3%. Over the same 10 years the UK economy is forecast to grow at a compound annual rate of 1.0%. Therefore, the industry is currently contracting as a share of the economy. However, it is being affected by extraordinarily poor demand conditions in the downstream building markets. Over the longer term, the industry's performance is expected to approximate that of the general economy... purchase to read more