Is RMC Business Profitable? (Flourishing Business of Manufacturing Ready-Mix Concrete)
The most important material in modern construction is concrete . Recent technical advancements have made it possible to employ it in complex constructions with an advanced architecture that calls for a high level of performance and aesthetic appeal.
The main driver of rising demand for this product is the widening array of benefits of convenience meals. Another factor driving up the need for ready-mix concrete on the project site is the rising building activities.?
?
Visit this Page for More Information: Start a Business in Construction Industry
?
In the next five years, the ready-mix concrete (RMC) industry in India is expected to grow at a rate of 7-9% CAGR. The rising investments in the nation's infrastructure development as well as the rapidly urbanising towns and cities are the main drivers of this expansion.
With the advent of significant cement corporations and certain organised RMC players over the past 20 years, RMC has seen substantial application in national and state highways, expressways, housing, mass rapid transit, trains, and irrigation projects.
?
Related Business Plan: Construction & Building Materials
?
RMC is a more practical and effective substitute for site-mix concrete because of its many benefits. With better handling techniques and adequate mixing, the use of cement drops by roughly 10% to 12%.
The RMC sector in India is expanding quickly, at a rate of 15-20% yearly, but it is still in its infancy, and there is a significant difference between the organised and unorganised segments. However, ready-mix concrete accounts for about 80% of the market in wealthy nations. Given that cement is the primary raw material used to make ready mix concrete, periodic changes in the price of cement and greater transportation costs because of rising fuel prices influence the price realisation of RMC.
Despite these obstacles, the RMC sector is predicted to grow by over 25% over the next few years, from a present consumption level of about 15% to one where it consumes more than 20% of the cement produced.?
If you’re planning to start an RMC manufacturing business in India, NPCS can help you gather all details. Read further to know what is required while planning a setup for RMC business.?
Read Similar Articles: CONSTRUCTION & BUILDING MATERIALS PROJECTS
?
Know your Market
If you want to make money selling a product or service, you must understand your market. One thing you want to know is whether there is any competitor in the cement mixer sector specifically in your area. If this is the case, how much do they sell concrete for? Many prospective business owners believe that the local RMC plant is their rival. However, understanding what they sell ready-mixed concrete for, how big their minimum order is, and how much they charge for short loads might help you determine your rate. Yet, what about the demographics of your area?
An extremely thorough demographic analysis contained various success indicators that could help you with your objectives. The analysis that is covered in our market study on concrete mixture potential for your space includes additional elements.
?
Registration and Licences Required?
You must register your business by state laws. Consider the investment made at the time the company was formed as well. Additionally, look into any licence issues that may exist. Generally, there is no need for NOC from the Pollution Control Panel, it's better to visualise before starting the plant, though.
GST and VAT registration are mandatory.
You will also require licence and registration as a proprietorship or sole business.?
Don’t forget to take permission from the water and electricity department for smooth flow.?
?
Related Feasibility Study Reports: Construction & Building Materials Projects
?
Finances?
One of the most important components of starting this firm is setting up the finances. A bank loan is advised while starting this form of business. You can also submit a capital funding application. And in this situation, the way your business is set up may help you win over the investor.
?
Location
To operate the plant, you must acquire land with a shaded area. Verify the installation and delivery of sufficient electricity. Obtain the ground plan from the equipment supplier and create the unit. For easy delivery vehicle access, your factory should have an appropriate entry area. A physical workspace arrangement is required. You can start the office with the unit or at various business locations.
?
Machinery
This kind of operation necessitates significant investments in machinery, equipment, and trucks. Additionally, you must choose the precise equipment based on your unique needs. Installing a customised plant is preferable. Additionally, the capacity has a significant impact on the plant's cost.
?
Read our Books Here: Cement, Asbestos, Ceramics, Bricks, Limestone And Construction Materials Manufacturing Technology
?
Raw Material?
Although the basic components of concrete are sand, gravel, cement, and water, the type, and quality of the materials are crucial for producing sensible concrete in a mixing trailer. Some consideration should be given, especially to the aggregates.?
领英推荐
?
Conclusion
NPCS has represented a huge number of clients. It has also produced an extensive portfolio of NPCS features in the areas of technological and financial practicability, feasibility study, integrated business research, and a full market survey, in addition to a thorough awareness of the difficulties facing a variety of markets.
If you are new in the RMC sector, feel free to contact NPCS experts. They will help in providing a thorough report along with relevant data.
?
“Ready-Mix Concrete” is the project report by NPCS. The report covers all the important aspects of the business. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.
??????????????????????????????????????????????????????
Reasons for Buying NIIR Report:
?
●Our research report helps you get a detailed picture of the industry by providing an overview of the industry along with the market structure and classification.
●Our report provides market analysis covering major growth driving factors for the industry, the latest market trends and the regulatory framework of the industry.
●Our Report provides an analysis and in-depth financial comparison of major Players / Competitors.
●Our Report provides indispensable buyers' data with their company financials as well as the contact details, which can be an important tool in identifying the target customers.
●Our report provides forecasts of key parameters which help to anticipate the industry performance.
●We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.
???????????????????????????????????????????????????????????????????????????????????????
See More Links:???????????????????????????????????????????????????????
·????????Start a Business in Asia
·????????Best Industry for Doing Business
·????????Startup Consulting Services
·????????Start a Business in Africa
·????????Start a Business in India
·????????Start a Business in Middle East
·????????Related Videos
·????????Related Books
·????????Related Projects
·????????Related Market Research Reports
?????????????? ????
NIIR PROJECT CONSULTANCY SERVICES, DELHI
An ISO 9001:2015 Company
ENTREPRENEUR INDIA
106-E, Kamla Nagar, Opp. Mall ST,
New Delhi-110007, India.
Email: [email protected]
Tel: +91-11-23843955, 23845654, 23845886
Mobile: +91-9097075054, 8800733955
Website: https://www.entrepreneurindia.co
????????????????????????????????????????????????????????????????????????????????????
???????????????????????????????????????????????????????????????????????????????????????????? ?DPP_20Art22