Precast Concrete Market
Global Precast Concrete Market Size, Share & Trends Analysis Report by Products (Columns & Beams, Walls, Staircases and Pipes) By Construction Type (Modular,and Manufactured Homes) By End-User (Residential and Non-Residential) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global precast concrete market is anticipated to grow at a CAGR of nearly 5.8% during the forecast period (2021-2027). The market growth is primarily driven by the factors such as, booming in the construction industry, rapid urbanization, and demand for cost-efffective, low maintenance construction products. Apart from this, the growing investments in infrastructure development projects in the Asia-Pacific region are expected to be the primary factors driving the product demand over the forecast period. Moreover, columns and beams are the basic raw material which is to be used in the construction of buildings, flyovers, and bridges as it provides a strength to the building, minimizes the maintenance cost,therefore it is more suitable for architectural projects. Owing to this attributable reason, the demand for columns and beams has increases over the forecast period.
Impact of COVID-19 Pandemic on Global Precast Concrete Market
COVID-19 has significantly affected the building and construction industry. The pandemic has abruptly terminated the activities related to construction and infrastructure. The market was hampered due to the slower supply of basic raw material, strict lockdown hampered the movement of material and labor. However, the increase in the number of COVID-19 cases boosted the demand for modular buildings and hospitals. The governments started taking the initiative for building more and more healthcare units to provide treatment for COVID-19 patients. For instance, in March 2020, Larsen and Toubro, has built an exclusive hospital in Tamil Nadu state, with the capacity of 50-100 beds for the treatment of COVID-19 patients.
Segmental Outlook
The precast concrete market is segmented based on the product, construction type, and end-user. Based on the product, the market is sub segmented into columns and beams, walls, staircases, and pipes. Based on the construction type, the market is sub-segmented into modular, and manufactured homes. Among these, the modular segment has witnessed the largest share of the precast concrete market in 2020. Modular construction units may form a complete room, separate rooms such as cabins or toilets and lifts. Spending on the infrastructures and building up modular offices of all, modular construction captured the major market share of the precast concrete market over the forecast period. Moreover, based on end-user, the market is sub segmented into residential, and non-residential. .
Global Precast Concrete Market Share by Product, 2020 (%)
The Non-Residential Segment Showed Notable Growth in the Global Precast Concrete Market
Based on end-user, non-residential segment witnessed substantial growth in the precast concrete market, and it is further projected to hold the major share during the forecast period. Increasing infrastructure projects such as tunnels, flyovers, bridges, and metro trains vast projects have propel the demand of the pecast concrete in non-residential sector. Moreover, government initiatives for the development of metro projects and bridges contributed to the growth of the market share of the non-residential sector. For instance, in December 2021, Japan International Cooperation Agency(JICA)provided funding of $1.07 billion to India for starting new metro projects. This metro project includes two corridors I and II, in which corridor I cover the distance from Khemnichak via Meethapur and corridor II covers Patna junction to ISBT via Gandhi Maidan. The Central Government of India has given $56.77 million for the project so that Patna metro project would not face any financial delays. Owing to the government initiatives has poised to stoke the growth of the non-residential sector for the precast concrete market.
Regional Outlooks
The global precast concrete market is further segmented based on geography including North America (the US, and Canada), Europe (UK,Italy, Spain, Germany, France, and rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and rest of Asia-Pacific), and the Rest of the World (the Middle East &Africa, and Latin America). North America is expected to grow at a significant CAGR during the forecast period. Growing expenditures on the redevelopment of old housing structures and aging infrastructures, such as bridges, underpasses, and subways, are expected to drive product adoption in the regional market. Europe is expected to hold second highest revenue after North America. The high demand for precast concrete product for non-residential and infrastructural development is the key factor boosting market growth.
Global Precast Concrete Market Growth, by Region 2021-2027
The Asia-Pacific Region is Expected to grow at Fastest CAGR in the Global Precast Concrete Market
The Asia-Pacific region displayed fastest growth in precast concrete market in 2020, the region is again going to show fastest gorwth rate in the market during the forecast period. The regional growth is primarily driven by, the presence of industries, manufacturing units, and rapid urbanization along with growing residential and infrastructural sectors, which has fueled the growth of the global precast concrete market in the Asia-Pacific region. Moreover, the easy availability of raw materials and cheap labor has drive the growth of the precast concrete market. Additionally, the rising population, and increasing investment in construction and infrastructural projects are propelling the growth of the precast concrete market in the coming years.
Market Players Outlook
The major companies serving the global precast concrete market Boral Ltd., CRH Plc., Forterra Inc., Holcim Ltd., Laing O’rourke., Balfour Beatty Plc., Bouygues Construction., Cemex., EBAWE Anlagentechnik Gmbh., Elematic Oyi, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnership collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2020, Grupo Avintia and Cemex Ventures jointly announced the creation of Wallex, the new construction plant with a production capacity of building approximately 1,000 homes per year. This project is located in Carabias, Segovia. Wallex uses the CEMEX’s Resilia, and Insuklaris concretes’ which provides a greater strength with less thickness.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global precast concrete market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Precast Concrete Market
• Recovery Scenario of Global Precast Concrete Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Boral Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. CRH Plc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Forterra Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Holcim Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Laing O’Rourke
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Precast Concrete Market by Product
5.1.1. Columns & Beams
5.1.2. Walls
5.1.3. Staircases
5.1.4. Pipes
5.2. Global Precast Concrete Market by Construction Type
5.2.1. Modular
5.2.2. Manufactured Homes
5.3. Global Precast Concrete Market by End-User
5.3.1. Residential
5.3.2. Non-Residential
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Balfour Beatty Plc
7.2. Bouygues Construction
7.3. Cemex
7.4. EBAWE Anlagentechnik GmbH
7.5. ElematicOyj
7.6. ELO Concrete
7.7. Gulf Precast Concrete Co llc
7.8. HeidelbergCement AG
7.9. Julius Berger Nigeria Plc
7.10. Kiewit Corp
7.11. Komatsu Ltd
7.12. Larsen & Toubro Ltd
7.13. NRW.Global Business GmbH
7.14. Olson Precast Comp
7.15. Putzmeister Comp
7.16. RED SEA International
7.17. Spiroll Precast Services Ltd
7.18. TAISEI Corp
7.19. Tindall Corp
7.20. WeckenmannAnlagentechnik GmbH & Co. KG
1. GLOBAL PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
2. GLOBAL PRECAST CONCRETE COLUMNS AND BEAMS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL PRECAST CONCRETE WALLS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL PRECAST CONCRETE STAIRCASES MARKET RESEARCH AND ANALYSIS BY REGION,2020-2027($ MILLION)
5. GLOBAL PRECAST CONCRETE PIPES MARKET RESEARCH AND ANALYSIS BY REGION,2020-2027($ MILLION)
6. GLOBAL PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION TYPE, 2020-2027 ($ MILLION)
7. GLOBAL MODULAR PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL MANUFACTURED HOMES PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY END-USER , 2020-2027 ($ MILLION)
10. GLOBAL PRECAST CONCRETE IN RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL PRECAST CONCRETE IN NON-RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
15. NORTH AMERICAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION TYPE , 2020-2027 ($ MILLION)
16. NORTH AMERICAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
17. EUROPEAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
19. EUROPEAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION TYPE, 2020-2027 ($ MILLION)
20. EUROPEAN PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION TYPE, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
25. REST OF THE WORLD PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. REST OF THE WORLD PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2020-2027 ($ MILLION)
27. REST OF THE WORLD PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD PRECAST CONCRETE MARKET RESEARCH AND ANALYSIS BY END-USER , 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL PRECAST CONCRETE MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL PRECAST CONCRETE MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL PRECAST CONCRETE MARKET, 2021-2027 (%)
4. GLOBAL PRECAST CONCRETE MARKET SHARE BYPRODUCT, 2020 VS 2027 (%)
5. GLOBAL PRECAST CONCRETE COLUMNS AND BEANS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL PRECAST CONCRETE WALLS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL PRECAST CONCRETE STAIRCASES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL PRECAST CONCRETE PIPES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL PRECAST CONCRETE MARKET SHARE BY CONSTRUCTION TYPE , 2020 VS 2027 (%)
10. GLOBAL MODULAR PRECAST CONCRETE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL MANUFACTURED HOUSE PRECAST CONCRETE MARKET SHARE BY GEOGRAPHY,2020 VS 2027 (%)
12. GLOBAL PRECAST CONCRETE MARKET SHARE BY END-USER, 2020 VS 2027 (%)
13. GLOBAL RESIDENTIAL FOR PRECAST CONCRETE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL NON-RESIDENTIAL FOR PRECAST CONCRETE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL PRECAST CONCRETE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. US PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
18. UK PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
21. ITALY PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
23. REST OF EUROPE PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
24. INDIA PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
25. CHINA PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
26. JAPAN PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
27. SOUTH KOREA PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF ASIA-PACIFIC PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD PRECAST CONCRETE MARKET SIZE, 2020-2027 ($ MILLION)
