Global Precast Concrete Market Forecast to 2030
According to the Precast Concrete Market study, the market size, revenue growth, and CAGR from 2022 to 2030 are all covered. In order to provide readers a competitive edge, the research also offers significant insights about the leading companies in the market, in-depth SWOT analysis, Porter's Five Forces analysis, and feasibility analysis. The paper focuses on the most recent trends, significant difficulties, prospects, and constraints of the present epidemic.
The precast concrete market size reached USD 95.20 Billion in 2021 and is expected to register a revenue CAGR of 5.7% during the forecast period to the latest analysis by Emergen Research. Increasing investments in infrastructure is a key factor driving the revenue growth of the market. The two main reasons fostering market expansion are rapid urbanization and the exponential rise in population. The increased demand for non-residential buildings like airports, sports facilities, shopping centers, and office buildings will have a significant impact on the supply chain because of how quickly and cheaply they can be built. The demand for precast concrete will increase further as a result of the rising need for residential space brought on by the expanding population and the government's attempts to provide homes for the Economically Weaker Section (EWS). Its use in offices and other commercial areas has also increased due to increased urbanization activities brought on by people looking for better employment prospects, which drives the market revenue growth.
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Competitive Terrain:
The global Precast Concrete industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Larsen & Toubro, Tindall Corporation, Olson Precast Company, STECS, LafargeHolcim, Gulf Precast Concrete Co. LLC, Forterra Pipes & Precast LLC, Spancrete, Boral Ltd. And LAING O’Rourke
Research Report on the Precast Concrete Market Addresses the Following Key Questions:
- Who are the dominant players of the Precast Concrete market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Precast Concrete market?
- What are the key growth drivers and restraining factors of the Precast Concrete market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Precast Concrete market and its key segments?
Market Overview:
The report bifurcates the Precast Concrete market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Infrastructure
- Commercial
- Residential
- Industrial
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- China
- India
- Japan
- South Korea
- Rest of APAC
- Brazil
- Rest of LATAM
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
more
Regional Landscape section of the Precast Concrete report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The structural building components segment is expected to register the highest revenue share in 2021. The increase in hotels, malls, and hospitals, as well as the process of global industrialization, are expected to drive the segment's revenue growth. The increasing usage of structural construction materials in low-cost housing is anticipated to have a substantial impact on this market sector.
- The infrastructure segment is expected to register substantial growth over the forecast period. Precast concrete is especially well suited for applications in which the building components must withstand severe weights. Tensile forces are absorbed by the steel reinforcement, whereas pressure forces are absorbed by the concrete. Because they are far more robust than sleepers made of other materials, reinforced precast concrete sections are suitable for the construction of sleepers that must withstand enormous weights.
- Market in the Asia Pacific is expected to register considerable growth rate during the forecast period. The region's market is expanding quickly because of the strength of its industrial base, which is largely fueled by well-known businesses. Due to the increased emphasis on sustainable and modular building as well as significant investment in rehabilitation projects across countries like China, Japan, Indonesia, and India, the rise of the precast concrete market in the Asia Pacific region offers profitable potential.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Precast Concrete market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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