Precast Concrete Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Precast Concrete market size is estimated at USD 129.9 billion in 2020, expanding at a CAGR 6.2% from 2021-2027.
Market Dynamics
Precast Concrete is the construction material prepared by casting concrete in a mold to form different building structures in a controlled environment at manufacturing plants and then transported to the construction site. Increasing speed of construction, work-zone safety, and less environmental impacts are the key drivers of the Precast Concrete Market. The precast concrete construction process lowers construction site accidents, traffic jams, noise & dust pollution, and other environmental threats. For instance, many state and federal transportation projects in the United States require precast concrete suppliers to be certified by either the Architectural Precast Association or National Precast Concrete.
In addition, rising investments in infrastructure development projects and industrialization drive the market during the forecast period. Major infrastructure components include beams, pillars, and bridge sections, which are constructed at the manufacturing site and transported to the construction site at the time of installation. Moreover, government initiatives and cost-effective products of precast concrete supported the market growth during the forecast period. However, fluctuation in raw material prices and high transportation charges hinder the growth of the market. The instability of petroleum and crude oil costs may cause the price of raw materials to rise which may lead to elevating the cost of raw materials used in precast concrete.
Based on Element type, the Columns & Beams are estimated to hold the largest market share during the forecast period. This is attributed to the extensive use of Columns & Beams in the residential and non-residential sectors.
Based on Construction type, the Elemental Construction segment witnessed the largest market share during the forecast period due to an increase in public & private investment in the global infrastructural development. The permanent modular buildings segment is projected to be the fastest-growing segment of the market. It is made of multiple sections or modules that are constructed in factories. These modules are brought to the actual site where the building or structure is to be installed.
Based on End-use, the non-residential segment is projected to hold the largest market share in the precast concrete market during the forecast period due to the high investment in new commercial construction projects and demand for precast concrete products in non-residential infrastructure. Factors such as durability, low maintenance cost, and less construction time will boost the demand for the precast concrete market.
Regionally, the Asia-Pacific region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period due to growing population, urbanization, and the expansion of the construction industries due to rapid economic development and government initiatives toward infrastructural development are the key factors propelling the market in the region.
On the other hand, North America accounted for the significant growth rate during the forecast period owing to the blooming expenditures on the redevelopment of old housing structures and aging infrastructures, such as bridges, flyovers, and subways, which are the factors to fuel the market in the region.
Some of the prominent players are Cemex S.A.B de C.V, LafargeHolcim Ltd., Boral Limited, Balfour Beatty PLC, Forterra, Inc., Laing O'rourke, Katerra, ACS Group, Kiewit Corporation, Red Sea Housing Services, Komatsu Ltd., Larsen & Toubro Limited, Smeet Precast, Preca Solutions India Private Limited, Tindall Corporation, Devinci Precast, Crh PLC and Skanska Ab, among others.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of the Precast Concrete Market by product type, construction type, end-use, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Cemex S.A.B de C.V
- LafargeHolcim Ltd.
- Boral Limited
- Balfour Beatty PLC
- Forterra, Inc.
- Laing O'rourke
- Katerra
- ACS Group
- Kiewit Corporation
- Red Sea Housing Services
- Komatsu Ltd.
- Larsen & Toubro Limited
- Smeet Precast
- Preca Solutions India Private Limited
- Tindall Corporation
- Devinci Precast
- CRH PLC
- Skanska Ab
Element type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Columns & Beams
- Walls & Barriers
- Floors & Roofs
- Girders
- Pipes
- Utility Vaults
- Paving Slabs
- Others
Construction Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Elemental Construction
- Permanent Modular Buildings
- Relocatable Buildings
End-use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Residential
- Non-residential
- Infrastructure
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- Latin America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Precast Concrete Market Overview
1.1. Product Overview and Scope of Precast Concrete Market
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Precast Concrete Market Size Growth Rate Analysis by Element Type: 2020 VS 2027
1.3.1. Columns & Beams
1.3.2. Walls & Barriers
1.3.3. Floors & Roofs
1.3.4. Girders
1.3.5. Pipes
1.3.6. Utility Vaults
1.3.7. Paving Slabs
1.3.8. Others
1.4. Global Precast Concrete Market Consumption Comparison by Construction Type: 2020 VS 2027
1.4.1. Elemental Construction
1.4.2. Permanent Modular Buildings
1.4.3. Relocatable Buildings
1.5. Global Precast Concrete Market Consumption Comparison by End-use: 2020 VS 2027
1.5.1. Residential
1.5.2. Non-residential
1.5.3. Infrastructure
1.6. Global Precast Concrete Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Precast Concrete Market Estimates
1.6.2. Europe Precast Concrete Market Estimates
1.6.3. Asia-pacific Precast Concrete Market Estimates
1.6.4. Latin America Precast Concrete Market Estimates
1.6.5. Middle East & Africa Precast Concrete Market Estimates
2. Market Competition by Manufacturers
2.1. Global Precast Concrete Market Revenue Market Share by Manufacturers (2020)
2.2. Precast Concrete Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Precast Concrete Market Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Precast Concrete Market Production Sites, Area Served, Product Types
2.5. Precast Concrete Market Competitive Situation and Trends
2.5.1. Precast Concrete Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Precast Concrete Market Consumption by Region (2016-2021)
3.1. Global Precast Concrete Market Consumption by Region
3.2. Global Precast Concrete Market Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Precast Concrete Market Consumption Growth Rate (2016-2021)
3.2.3. North America Precast Concrete Market Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Precast Concrete Market Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Precast Concrete Market Consumption Growth Rate (2016-2021)
3.2.7. Europe Precast Concrete Market Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Precast Concrete Market Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Precast Concrete Market Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Precast Concrete Market Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Precast Concrete Market Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. Latin America
3.2.14. Latin America Precast Concrete Market Consumption Growth Rate (2016-2021)
3.2.15. Latin America Precast Concrete Market Consumption, Price and Gross Margin (2016-2021)
3.2.16. Latin America Precast Concrete Market Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Precast Concrete Market Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Precast Concrete Market Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Precast Concrete Market Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Precast Concrete Market Consumption by Element Type (2016-2021)
4.1. Global Precast Concrete Market Price by Element Type (2016-2021)
4.2. Global Precast Concrete Market Revenue Market Share by Element Type (2016-2021)
4.2.1. Columns & Beams
4.2.2. Walls & Barriers
4.2.3. Floors & Roofs
4.2.4. Girders
4.2.5. Pipes
4.2.6. Utility Vaults
4.2.7. Paving Slabs
4.2.8. Others
5. Global Precast Concrete Market Consumption by Construction Type (2016-2021)
5.1. Global Precast Concrete Market Price by Construction Type (2016-2021)
5.2. Global Precast Concrete Market Revenue Market Share by Construction Type (2016-2021)
5.2.1. Elemental Construction
5.2.2. Permanent Modular Buildings
5.2.3. Relocatable Buildings GPS/Satellite
6. Global Precast Concrete Market Consumption by End-use (2016-2021)
6.1. Global Precast Concrete Market Price by End-use (2016-2021)
6.2. Global Precast Concrete Market Revenue Market Share by End-use (2016-2021)
6.2.1. Residential
6.2.2. Non-residential
6.2.3. Infrastructure
7. Key Companies Profiled
7.1. Cemex S.A.B de C.V
7.1.1. Cemex S.A.B de C.V Precast Concrete Market Corporation Information
7.1.2. Cemex S.A.B de C.V Precast Concrete Market Product Portfolio
7.1.3. Cemex S.A.B de C.V Precast Concrete Market Consumption, Price and Gross Margin (2016-2021)
7.1.4. Cemex S.A.B de C.V Main Business and Markets Served
7.1.5. Cemex S.A.B de C.V Recent Developments/Updates
7.2. LafargeHolcim Ltd.
7.3. Boral Limited
7.4. Balfour Beatty PLC
7.5. Forterra Inc.
7.6. Laing O'rourke
7.7. Katerra
7.8. ACS Group
7.9. Kiewit Corporation
7.10. Red Sea Housing Services
7.11. Komatsu Ltd.
7.12. Larsen & Toubro Limited
7.13. Smeet Precast
7.14. Preca Solutions India Private Limited
7.15. Tindall Corporation
7.16. Devinci Precast
7.17. CRH PLC
7.18. Skanska Ab
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Precast Concrete Market Distributors List
8.3. Precast Concrete Market Customers
9. Market Dynamics
9.1. Precast Concrete Market Industry Trends
9.2. Precast Concrete Market Growth Drivers
9.3. Precast Concrete Market Challenges
9.4. Precast Concrete Market Restraints
10. Global Precast Concrete Market Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Precast Concrete Market, by Regions and Country
10.1.1. North America Forecasted Consumption of Precast Concrete Market by Country
10.1.2. Europe Market Forecasted Consumption of Precast Concrete Market by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Precast Concrete Market by Region
10.1.4. Latin America Forecasted Consumption of Precast Concrete Market by Country
10.1.5. Middle East and Africa Forecasted Consumption of Precast Concrete Market by Country
11. Global Precast Concrete Market Consumption and Demand Forecast, by Element Type Segments (2022-2027)
11.1. Global Forecasted Consumption of Precast Concrete Market by Element Type Segments(2022-2027)
11.2. Global Consumption and Price Forecast by Element Type Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Precast Concrete Market by Element Type Segments(2022-2027)
12. Global Precast Concrete Market Consumption and Demand Forecast, by Construction Type Segments (2022-2027)
12.1. Global Forecasted Consumption of Precast Concrete Market by Construction Type Segments(2022-2027)
12.2. Global Consumption and Price Forecast by Construction Type Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Precast Concrete Market by Construction Type Segments(2022-2027)
13. Global Precast Concrete Market Consumption and Demand Forecast, by End-use Segments (2022-2027)
13.1. Global Forecasted Consumption of Precast Concrete Market by End-use Segments (2022-2027)
13.2. Global Consumption and Price Forecast by End-use Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Precast Concrete Market by End-use Segments (2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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