According to the latest report by IMARC Group, titled, “Precast Concrete Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026“, the global precast concrete market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Precast concrete is a form of concrete that is prepared, cast, and cured off-site in a controlled factory environment. It is made using reusable molds and employed as structural components in constructing wall panels, beams, columns, floors, pipes, staircase, and tunnels. It is more economical and practical than conventional in-situ concrete or steel frameworks. It also offers dimensional accuracy and develops unique and breakthrough construction of exceptional quality.
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Market Trends
The global precast concrete market is primarily driven by its increasing utilization to construct buildings, bridges, and stadiums. Precast concrete minimizes the threats and decreases the possibility of accidents and construction hazards as it is manufactured by industrial methods based on mass production, which helps to build a large number of infrastructures in a short amount of time and at a low cost. Besides this, governments of various countries are extensively investing in commercial and infrastructure development projects, propelling the market growth. In addition to this, the rising remodeling and renovation operations in non-residential spaces, rapid urbanization and the growing use of recycled and reused materials are expected to escalate the demand for precast concrete in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Balfour Beatty plc
- Boral Limited
- CEMEX S.A.B. de C.V.
- Elementbau Osthessen GmbH & Co. ELO KG
- Forterra Inc.
- Gulf Precast Concrete Co LLC
- Holcim Group, Laing O’Rourke
- Olson Precast Company
- Spancrete Inc. (Wells Concrete)
- Tindall Corporation.
Precast Concrete Market Segmentation:
The report has segmented the market based on type, product and end use.
Breakup by Type:
- Floors and Roofs
- Columns and Beams
- Stairs and Landing
- Walls
Breakup by Product:
- Structural Building Components
- Architectural Building Components
- Transportation Products
- Water and Waste Handling Products
- Others
Breakup by End Use:
- Residential
- Non-Residential
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Table of Content:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Precast Concrete Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Floors and Roofs
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Columns and Beams
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Stairs and Landing
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Walls
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Product
7.1 Structural Building Components
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Architectural Building Components
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Transportation Products
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Water and Waste Handling Products
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non-residential
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Balfour Beatty plc
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Boral Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 CEMEX S.A.B. de C.V.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Elementbau Osthessen GmbH & Co. ELO KG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Forterra Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Gulf Precast Concrete Co LLC
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Holcim Group
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Laing O’Rourke
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Olson Precast Company
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Spancrete Inc. (Wells Concrete)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Tindall Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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