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Precast Concrete Market

Global Precast Concrete Market Size, Share, Trends, Forecast: By Product: Structural Building Components, Architectural Building Components, Transportation Products, Water and Waste Handling Products, Others; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Precast Concrete Market Outlook

The global precast concrete market attained a value of nearly USD 109.98 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5%.

 

Precast Concrete Market

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Robust Growth of Construction Sector Aiding the Precast Concrete Industry

The robust growth of the construction sector owing to the rapid urbanisation and exponential population spurge is aiding the precast concrete industry. Moreover, the rising residential construction in the developing countries due to increasing per-capita income and favourable government policies is catalysing the market growth. As the demand for affordable housing increases, precast concrete is increasingly used to produce a large number of identical components, therefore lubricating the market growth. Precast concretes also offer high flexibility and precision, which aids in the creation of aesthetically pleasing and diverse production, which is consequently fuelling the market growth. It also reduces the construction time and skilled labour cost; hence, they are increasingly used in affordable construction, which is further accelerating the industry growth.

As precast concrete is made in a controlled environment, it is easier to control and monitor its quality, which is increasing its demand in the infrastructure sector and further catalysing the market growth. It also eliminates the demand for favourable weather conditions in the construction industry, therefore providing further impetus to the industry growth. Additionally, it reduces noise and dust pollution, and the use of technology in the production of precast concrete allows optimal utilisation of materials, such as cement, water, and construction steel; hence produces minimum waste output while providing an eco-friendly alternative, which is further augmenting the market growth.

 

Precast Concrete: Market Segmentation

Precast concrete refers to concrete that is prepared, cast, and cured, usually in a controlled factory environment using reusable moulds. It can be joined to other elements to form a complete structure and is typically used for wall panels, columns, beams, staircases, and tunnels, among others.

 

Precast Concrete Market By Segments

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The major products of precast concrete are:

  • Structural Building Components
  • Architectural Building Components
  • Transportation Products
  • Water and Waste Handling Products
  • Others

Based on the end use, the market is segmented into:

  • Residential
  • Non-Residential
  • Infrastructure

The EMR report looks into the regional markets of precast concrete like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Renovation Activities to Bolster the Growth of Precast Concrete Industry

Increasing renovation activities by the government in emerging economies, such as India and Brazil, are increasing the demand for precast concrete, further aiding the market growth. Moreover, renovations in the hospitality industry are also driving the market growth. An increase in public and private investments due to rapid industrialisation is also propelling the market growth. Precast concrete offers fire resistance and provides high protection environmental influences; hence, they are used in the construction of power stations with high safety hazards and highways, which are further propelling the market growth.

Precast concrete can resist high pressure forces and increase the tensile strength, which results in optimum protection against high loads. Moreover, with the advancement of technology, microchips are embedded in precast concrete to gather information about loads and forces and send out a signal to warn the inhabitants during seismic risk, consequently decreasing the risk for a collapse of the building during an earthquake; such developments are further invigorating the market growth. Low thermal conductivity and mass reactance of precast concrete cause a balance between the extreme temperature changes and slows down the cooling or heating of the space. Moreover, the use of intelligent precast concrete materials can isolate, heat or cool while producing extra energy. The use of precast concrete also reduces the cooling costs, which are expected to aid the market growth.

 

Precast Concrete Market By Region

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Key Industry Players in the Global Precast Concrete Market

The report presents a detailed analysis of the following key players in the global precast concrete market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Boral Ltd.
  • Gulf Precast Concrete Co. LLC
  • Olson Precast Company
  • Teemage Builders Pvt Ltd.
  • Forterra Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • End Use
  • Region
Breakup by Product
  • Structural Building Components
  • Architectural Building Components
  • Transportation Products
  • Water and Waste Handling Products
  • Others
Breakup by End Use
  • Residential
  • Non-Residential
  • Infrastructure
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Boral Ltd.
  • Gulf Precast Concrete Co. LLC
  • Olson Precast Company
  • Teemage Builders Pvt Ltd.
  • Forterra Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Precast Concrete Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Precast Concrete Historical Market (2018-2023)
    8.3    Global Precast Concrete Market Forecast (2024-2032)
    8.4    Global Precast Concrete Market by Product
        8.4.1    Structural Building Components
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Architectural Building Components
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Transportation Products
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Water and Waste Handling Products
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Precast Concrete Market by End Use
        8.5.1    Residential
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Non-Residential
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Infrastructure
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)    
    8.6    Global Precast Concrete Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Precast Concrete Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Precast Concrete Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Precast Concrete Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Precast Concrete Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Precast Concrete Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Boral Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Gulf Precast Concrete Co. LLC
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Olson Precast Company
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Teemage Builders Pvt Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Forterra Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Precast Concrete Market: Key Industry Highlights, 2018 and 2032
2.    Global Precast Concrete Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Precast Concrete Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Precast Concrete Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Precast Concrete Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Precast Concrete Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Precast Concrete Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Precast Concrete Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Precast Concrete Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Precast Concrete Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Precast Concrete Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Precast Concrete Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Precast Concrete Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Precast Concrete Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Precast Concrete Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Precast Concrete Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Precast Concrete Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Precast Concrete Market Structure

Key Questions Answered in the Report

In 2023, the global precast concrete market attained a value of nearly USD 109.98 billion.

The market is projected to grow at a CAGR of 5% between 2024 and 2032.

The market is being driven by the growth of construction and infrastructure industries, increasing per-capita income, and the favourable policies of various governments.

The key trends of the market include the increasing renovation activities and the growing use of precast concretes for fire and wind resistance.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major products of precast concrete in the market are structural building components, architectural building components, transportation products, and water and waste handling products, among others.

The significant end uses in the market are residential, non-residential, and infrastructure.

The key players in the global precast concrete market are Boral Ltd., Gulf Precast Concrete Co. LLC, Olson Precast Company, Teemage Builders Pvt Ltd., and Forterra Inc., among others.

Analyst Review

The global precast concrete market attained a value of nearly USD 109.98 billion in 2023, driven by the flourishing construction and infrastructure industries. Aided by the growing demand for eco-friendly alternative in the construction sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the precast concrete industry can be segmented into structural building components, architectural building components, transportation products, and water and waste handling products, among others. On the basis of end uses, the industry is divided into residential, non-residential, and infrastructure. The major regional markets for precast concrete are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Boral Ltd., Gulf Precast Concrete Co. LLC, Olson Precast Company, Teemage Builders Pvt Ltd., and Forterra Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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