BDS Marketing Research (BDS) has published a new study of the UK ready mixed concrete market.
The study notes how during the middle part of this decade the market recovered a significant amount of the ground lost as a result of the 2007 recession, returning to annual outputs of more than 25 million m³. However, the last two years have seen that recovery begin to erode as the impact of Brexit and a general slowdown in the construction market have started to take effect.
BDS highlights that the leading five companies continue to account for over 60% of the total market but this share is declining as independent producers account for more of the new plants constructed in recent years. Additionally, the share accounted for by the on-site batched (volumetric) sector has continued to grow and is now thought to exceed 10% . This sector is set for some degree of change in the coming years following the introduction of new regulations introduced by the Department of Transport last year.
The new BDS study titled ‘The ready mixed concrete industry in Great Britain – its structure, markets and prospects’ updates and extends an industry review first carried out three years ago, reflecting how the way the market has continued to evolve.
New industry innovations relating to product development, service and delivery, company and plant ownership, legislation and sustainability are highlighted in the report. In addition, details of nearly 40 ongoing planning applications and consents for new plants are discussed.
BDS reports that the outlook for the industry is still weak in the short term but growth is expected to return from 2020 as major infrastructure projects start to progress and housebuilding levels improve. Pre-recession levels of market activity could be reached by the end of 2022.
The new BDS study is said to be a valuable reference document for all companies in the sector, those that are considering future investment and organisations that rely on the market for their business. Further details are available by contacting Andy Sales at BDS Marketing on (01761) 433035 or %$Linker: