The global precast concrete market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2021-2027). The pipes segment is anticipated to grow during the forecast period. Precast concrete pipes offer higher strength to residential houses and commercial buildings. Regardless of the economic slowdown in the past years, the demand for concrete pipes has grown rapidly and has expanded at fastest rate. The market players are considerably contributing to the market growth by introducing precast concrete pipes and by the adoption of various strategies including mergers & acquisitions, partnership collaborations, business expansion to stay competitive in the market. For instance, in October 2021, Northwest Pipe Company an industry of pipeline system for water infrastructure announced the acquisition of Park Environmental Equipment, LLC, for $87.4 million. With this acquisition the companies are focusing on the expansion of product reach, the acquisition was funded through the company’s credit facility with Wells Fargo Capital Finance. In July 2021, Tangsa Hume Pipes, a manufacturer, and supplier of concrete pipes, unveiled the launch of Class NP4 Hume pipes, earlier NP2, and NP3 pipes are used for irrigation and drainage projects, but with the increase in the pressure, the need for the new range of pipes has emerged, which is high tensile, and durable. With this, the company launches NP4 concrete pipes.
Browse the full report description of "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)" at https://www.omrglobal.com/industry-reports/precast-concrete-market
Moreover, an increase in the investment of the commercial construction sector, and huge funding given by the government for infrastructural development projects, generates higher demand for the precast concrete pipes market. Apart from this, the growth can be attributed to the keen interest of builders and contractors, in using precast concrete pipes, to build the entire residential and non-residential construction sector. Owing to low maintenance, cost-effectiveness, and high durability has propelled the growth of pipes for the precast concrete market.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product
o By Construction Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape-Boral ltd., CRH plc., Forterra Inc., Holcim ltd., Laing o’rourke., Balfour Beatty Plc., Bouygues Construction., Cemex., EBAWE Anlagentechnik GmbH., Elematic Oyi, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Precast Concrete Market Report by Segment
By Product
• Columns and Beams
• Walls
• Staircases
• Pipes
By Construction Type
• Modular
• Manufactured Homes
By End-User
• Residential
• Non-Residential
Global Precast Concrete Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa