Global Precast Concrete Market is valued at approximately USD 138.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.00 % over the forecast period 2022-2028. Precast concrete is reinforced concrete constructed by industrialized methods. It is characterized by dividing the building into components that are manufactured in a precast concrete plant and transported by special transportation equipment to the site. Increasing concerns towards work-zone safety and need to lower the environmental impact, growing demand for sustainable energy adoption has led to the adoption of Precast Concrete across the forecast period. For Instance: As per the NIP&FA in the construction industry, there is a scarcity of natural aggregates due to rapid urbanization, an estimated 1.4 billion tons of sand will be required by 2020, compared to 630 million tons in 2010. Approximately 1 ton of cement produces 1 ton of CO2. Cement production has reached 337.32 million tons in 2018-19 contributing 7-8% CO2 emission globally. Also, with the rise in renovation and remodeling activities, the adoption & demand for Precast Concrete is likely to increase the market growth during the forecast period. However, fluctuation in prices impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Precast Concrete Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to initiatives to reduce carbon emission. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as growing population, rapid urbanization in the region are responsible for lucrative growth prospects for the Precast Concrete market across Asia Pacific region.
Major market players included in this report are:
Gulf Precast Concrete Company L.L.C
LafargeHolcim Ltd.
Balfour Beatty plc
Skanska AB
CRH Plc
Cemex S.A.B de C.V.
Laing O'Rourke
Julius Berger Nigeria Plc
Boral Limited
Vme Precast Private Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Element:
Columns & Beams
Floors & Roofs
Walls & Barriers
Girders
Pipes
Paving Slabs
Utility Vaults
Others
By Construction Type:
Elemental Construction
Permanent Modular Buildings
Relocatable Buildings
By End Use:
Residential
Non-residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Precast Concrete Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global Precast Concrete Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Global Precast Concrete Market, by Element, 2020-2028 (USD Billion)
- 1.2.3. Global Precast Concrete Market, by Construction Type, 2020-2028 (USD Billion)
- 1.2.4. Global Precast Concrete Market, by End-use, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Precast Concrete Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Precast Concrete Market Dynamics
- 3.1. Precast Concrete Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing concerns towards work-zone safety and need to lower the environmental impact
- 3.1.1.2. Growing demand for sustainable energy adoption
- 3.1.2. Market Challenges
- 3.1.2.1. Fluctuation in raw materials prices
- 3.1.3. Market Opportunities
- 3.1.3.1. Rise in renovation and remodelling activities
Chapter 4. Global Precast Concrete Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Precast Concrete Market, by Element
- 6.1. Market Snapshot
- 6.2. Global Precast Concrete Market by Element, Performance - Potential Analysis
- 6.3. Global Precast Concrete Market Estimates & Forecasts by Element, 2019-2028 (USD Billion)
- 6.4. Precast Concrete Market, Sub Segment Analysis
- 6.4.1. Columns & Beams
- 6.4.2. Floors & Roofs
- 6.4.3. Walls & Barriers
- 6.4.4. Girders
- 6.4.5. Pipes
- 6.4.6. Paving Slabs
- 6.4.7. Utility Vaults
- 6.4.8. Others
Chapter 7. Global Precast Concrete Market, by Construction Type
- 7.1. Market Snapshot
- 7.2. Global Precast Concrete Market by Construction Type, Performance - Potential Analysis
- 7.3. Global Precast Concrete Market Estimates & Forecasts by Construction Type, 2019-2028 (USD Billion)
- 7.4. Precast Concrete Market, Sub Segment Analysis
- 7.4.1. Elemental Construction
- 7.4.2. Permanent Modular Buildings
- 7.4.3. Relocatable Buildings
Chapter 8. Global Precast Concrete Market, by End-use
- 8.1. Market Snapshot
- 8.2. Global Precast Concrete Market by End-use, Performance - Potential Analysis
- 8.3. Global Precast Concrete Market Estimates & Forecasts by End-use, 2019-2028 (USD Billion)
- 8.4. Precast Concrete Market, Sub Segment Analysis
- 8.4.1. Residential
- 8.4.2. Non-residential
Chapter 9. Global Precast Concrete Market, Regional Analysis
- 9.1. Precast Concrete Market, Regional Market Snapshot
- 9.2. North America Precast Concrete Market
- 9.2.1. U.S. Precast Concrete Market
- 9.2.1.1. Element breakdown estimates & forecasts, 2019-2028
- 9.2.1.2. Construction Type breakdown estimates & forecasts, 2019-2028
- 9.2.1.3. End-use breakdown estimates & forecasts, 2019-2028
- 9.2.2. Canada Precast Concrete Market
- 9.3. Europe Precast Concrete Market Snapshot
- 9.3.1. U.K. Precast Concrete Market
- 9.3.2. Germany Precast Concrete Market
- 9.3.3. France Precast Concrete Market
- 9.3.4. Spain Precast Concrete Market
- 9.3.5. Italy Precast Concrete Market
- 9.3.6. Rest of Europe Precast Concrete Market
- 9.4. Asia-Pacific Precast Concrete Market Snapshot
- 9.4.1. China Precast Concrete Market
- 9.4.2. India Precast Concrete Market
- 9.4.3. Japan Precast Concrete Market
- 9.4.4. Australia Precast Concrete Market
- 9.4.5. South Korea Precast Concrete Market
- 9.4.6. Rest of Asia Pacific Precast Concrete Market
- 9.5. Latin America Precast Concrete Market Snapshot
- 9.5.1. Brazil Precast Concrete Market
- 9.5.2. Mexico Precast Concrete Market
- 9.6. Rest of The World Precast Concrete Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Gulf Precast Concrete Company L.L.C
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. LafargeHolcim Ltd.
- 10.2.3. Balfour Beatty plc
- 10.2.4. Skanska AB
- 10.2.5. CRH Plc
- 10.2.6. Cemex S.A.B de C.V.
- 10.2.7. Laing O'Rourke
- 10.2.8. Julius Berger Nigeria Plc
- 10.2.9. Boral Limited
- 10.2.10. Vme Precast Private Limited
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption