Precast Concrete Market Trends, Market Share, Size, Growth, Opportunities Forecast 2023

Precast Concrete Market Research Report-Forecast to 2023

Market Highlights

Rapid growth in the construction sector is one of the major factors driving the precast concrete market. High demand for residential and non-residential buildings, has significant impact on the demand for precast concrete, as they are used in the flooring and walls of the buildings. Pre-Stressed concrete are the most used structures in the construction industry. It comprises concrete beams, columns, spandrels, single and double tees, wall panels, segmental bridge units, bulb-tee girders, I-beam girders, and many others. It has been forecast that residential and non-residential construction will support industry demand with continuous recovery and growth. This will expand the construction for bridges, highways, and other transportation infrastructure.

The rising adoption of the smart city concept will be one of the latest trends that will contribute growth for the precast concrete market. The growing preference of the people to live in urban locations, induces the governments of the countries around the world to focus on initiatives such as smart cities to improve the life of urban people. These initiatives will aim at developing plans for intelligent networking of energy, water supplies, lighting, and mobility systems.

The Global Precast Concrete Market is expected to grow at ~ 6% CAGR during the forecast period.

Europe Precast Concrete market, expected to grow at the highest CAGR

Europe region holds the largest share of the market in 2016, and is expected to grow at a high rate. The continuous growth in residential and commercial sector in European region, require a precast concrete for modern infrastructure. The growth is primarily attributed to rising incomes from the economic growth, and the growth in the housing and construction market in various European countries such as, Germany, U.K, France and Spain, which is likely to continue during the forecast years.

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 Key Players

The key players of Global Precast Concrete Market are

  • Oldcastle Precast, Inc. (U.S),
  • Coreslab Structures (Canada),
  • Metromont Corporation (U.S),
  • CEMEX S.A.B. de C.V. (Mexico),
  • CRH plc (Ireland) Coltman Precast Concrete Limited (U.K),
  • Bechtel Corporation (U.S)
  • China State Construction Engineering Corporation (China),
  • Larsen & Toubro (India)
  • Vinci S.A. (France).

Market Research Analysis

Pre-stressed concrete and Non-Residential sector are, expected to grow at the highest CAGR

Global precast concrete market has been segmented based on structures, end-use and regions. Based on structures, the market has been segmented as Pre-Stressed Concrete, Sandwich Wall (Insulated Double-Wall) Panels and others. Among these, the pre-stressed concrete occupies the largest share as it is more durable, crack proof and has higher tensile strength compared to conventional reinforced concrete. It is majorly used in commercial constructions such as shopping centers, gymnasiums, hotels, etc. Based on end-use, the market has been segmented as Nonresidential Building, Non-Building, Residential and Agricultural. Non-residential buildings are expected to dominate the market among all the end-use segments. The construction of hotels, office spaces, manufacturing facilities and amusement & recreation spaces, has given the highest boost to this segment.

LIST OF TABLES

TABLE 1    GLOBAL  PRECAST CONCRETE MARKET: BY REGION, 2017-2023
TABLE 2    NORTH AMERICA  PRECAST CONCRETE MARKET: BY COUNTRY, 2017-2023
TABLE 3    EUROPE  PRECAST CONCRETE MARKET: BY COUNTRY, 2017-2023
TABLE 4    ASIA PACIFIC  PRECAST CONCRETE MARKET: BY COUNTRY, 2017-2023
TABLE 5    ROW  PRECAST CONCRETE MARKET: BY COUNTRY, 2017-2023
TABLE 6    GLOBAL  PRECAST CONCRETE MARKET, BY STRUCTURES, BY REGIONS, 2017-2023
TABLE 7    NORTH AMERICA  PRECAST CONCRETE MARKET, BY STRUCTURES, BY COUNTRY, 2017-2023
TABLE 8    EUROPE  PRECAST CONCRETE MARKET, BY STRUCTURES, BY COUNTRY, 2017-2023
TABLE 9    ASIA PACIFIC  PRECAST CONCRETE MARKET BY STRUCTURES, BY COUNTRY, 2017-2023
TABLE 10    ROW  PRECAST CONCRETE MARKET BY STRUCTURES, BY COUNTRY, 2017-2023

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LIST OF FIGURES

FIGURE 1    RESEARCH PROCESS OF MRFR
FIGURE 2    TOP DOWN & BOTTOM UP APPROACH
FIGURE 3    MARKET DYNAMICS
FIGURE 4    IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5    IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6    PORTER’S FIVE FORCES ANALYSIS
FIGURE 7    VALUE CHAIN ANALYSIS
FIGURE 8    GLOBAL PRECAST CONCRETE MARKET SHARE, BY STRUCTURES, 2016 (%)
FIGURE 9    GLOBAL PRECAST CONCRETE MARKET, BY STRUCTURES, 2015-2023 (USD MILLION)
FIGURE 10    GLOBAL PRECAST CONCRETE MARKET SHARE, BY END-USE, 2016 (%)

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