The concrete products industry is consolidating:
The top five companies have 16% of the market and they continue to grow
These larger companies leverage their buying volume to lower costs and gain a competitive advantage
Still over 600 companies that comprise the balance of the market
98% of the companies in the industry have less than $150 million annual revenue but their combined revenue is less than 40% of the market.
Two-thirds of the industry's revenue goes to suppliers
It's a buyer's market most of the time and larger volume drives lower cost from suppliers
More suppliers have national reach and excellent service
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