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Precast Construction Market by Product, Construction Type, End-user sector and Geography - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4612738
  • Report
  • January 2017
  • Region: Global
  • 188 pages
  • Allied Analytics LLP
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Precast construction market includes those constructions where the majority of structural components are standardized and produced in plants in a location away from the building, and then transported to the site for assembly. These components are manufactured by industrial methods based on mass production to build a large number of buildings in a short time at low cost.

The global precast construction market is segmented based on product type, construction type, end-users, and geography. Based on product type, the market is segmented into columns & beams, floors & roofs, walls, staircases, girders, paving slabs, and others. By construction type, the precast construction market is segmented into modular construction and manufactured construction. Modular construction segment is projected to grow at a fastest CAGR of 6.8% during the forecast period. The growth in this segment is attributed to factors such as keen interest from contractors and builders in using precast modules to build complete structures across residential and non-residential constructions and increase in public and private investment in global infrastructural development, especially in the emerging economies of Asia-Pacific and Latin America.

The precast construction industry based on end-user is categorized into residential and non-residential constructions. Non-residential construction segment accounted for a larger share in the precast construction market; this is projected to grow at the highest rate during the forecast period, due to the rise in public and private investments in the infrastructure sector in emerging economies of Asia-Pacific, Middle East, and Latin America.

Geographically, the market is analyzed across North America (U.S., Canada, Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Africa, and Middle East). Key players profiled in this report include ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria Plc, Kiewit Corporation, Komatsu Ltd, Laing O’Rourke, Larsen & Turbo Limited, Red Sea Housing Services, and Taisei Corporation.

Key Benefits

This study provides an in-depth analysis of the global precast construction market, along with current trends and future estimations to identify the potential investment pockets.
Key drivers, restraints, and opportunities and their impact analysis are elucidated in the report.
Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers.
Quantitative analysis of the current market and estimations from 2014 to 2022 is provided to highlight the financial competency of the market.

Market Segmentation

The global precast construction market is segmented based on product type, construction type, end-user sector, and geography.

By Product Type

Columns & Beams
Floors & Roofs
Walls
Staircases
Girders
Paving Slabs
Others

By End-user Sector

Residential
Non-residential

By Construction Type

Modular Construction
Manufactured Homes

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Australia
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Middle East
Latin America
Africa

Key Players

ACS Group
Balfour Beatty plc
Bouygues Construction
Julius Berger Nigeria Plc
Kiewit Corporation
Komatsu Ltd
Laing O’Rourke
Larsen & Toubro Limited
Red Sea Housing Services
Taisei Corporation

Other Players Mentioned in the Report

The other companies mentioned in the report include Putzmeister Holding, EBAWE, Elematic Inc. and Weckenmann Anlagentechnik GmbH & Co. KG and Spiroll Precast Services Ltd.
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CHAPTER1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top impacting factors
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Low bargaining power of Suppliers
3.3.2. High bargaining power of Buyers
3.3.3. High threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. Moderate to high competitive rivalry
3.4. market players positioning
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growing urbanization and industrialization in developing countries
3.5.1.2. Increasing speed of construction by precast technology
3.5.1.3. Need for development of low cost residential units
3.5.1.4. High efficiency of precast construction
3.5.2. Restraints
3.5.2.1. Lack of confidence in precast construction in earthquake prone region
3.5.2.2. Lack of skilled labor and infrastructure in developing countries
3.5.3. Opportunities
3.5.3.1. Increasing investments in infrastructure

CHAPTER 4 PRECAST CONSTRUCTION MARKET, BY PRODUCT TYPE
4.1.OVERVIEW
4.1.1. Market size and forecast
4.2. COLUMNS & BEAMS
4.2.1. Key market trends
4.2.2. Key drivers and opportunities
4.2.3. Market size and forecast
4.3. FLOORS & ROOFS
4.3.1. Key market trends
4.3.2. Key growth drivers and opportunities
4.3.3. Market size and forecast
4.4. WALLS
4.4.1. Key market trends
4.4.2. Key growth drivers and opportunities
4.4.3. Market size and forecast
4.5. STAIRCASE
4.5.1. Key market trends
4.5.2. Key growth drivers and opportunities
4.5.3. Market size and forecast
4.6. GIRDERS
4.6.1. Key market trends
4.6.2. Key growth drivers and opportunities
4.6.3. Market size and forecast
4.7. PAVING SLABS
4.7.1. Key market trends
4.7.2. Key growth drivers and opportunities
4.7.3. Market size and forecast
4.8. OTHERS
4.8.1. Key market trends
4.8.2. Key growth drivers and opportunities
4.8.3. Market size and forecast

CHAPTER 5 PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE
5.1. INTRODUCTION
5.1.1. Market size and forecast
5.2. MODULAR CONSTRUCTION
5.2.1. Key market trends
5.2.2. Key growth drivers and opportunities
5.2.3. Market size and forecast
5.3. MANUFACTURED HOMES
5.3.1. Key market trends
5.3.2. Key growth drivers and opportunities
5.3.3. Market size and forecast

CHAPTER 6 PRECAST CONSTRUCTION MARKET, BY END-USE SECTOR
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. RESIDENTIAL
6.2.1. Key market trends
6.2.2. Key growth drivers and opportunities
6.2.3. Market size and forecast
6.3. NON-RESIDENTIAL
6.3.1. Key market trends
6.3.2. Key growth drivers and opportunities
6.3.3. Market size and forecast

CHAPTER 7 PRECAST CONSTRUCTION MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.3.1. U.S.
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.3.1. UK
7.3.3.2. Germany
7.3.3.3. France
7.3.3.4. Italy
7.3.3.5. Rest of Europe
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.3.1. China
7.4.3.2. Japan
7.4.3.3. Australia
7.4.3.4. South Korea
7.4.3.5. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.3.1. Latin America
7.5.3.2. Middle East
7.5.3.3. Africa

CHAPTER 8 COMPANY PROFILES
8.1. ACS GROUP
8.1.1. Overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. BALFOUR BEATTY PLC
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. BOUYGUES CONSTRUCTION
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. JULIUS BERGER NIGERIA PLC
8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategic moves and developments
8.5. KIEWIT CORPORATION
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. KOMATSU LTD
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. LAING OROURKE
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.4. Key strategic moves and developments
8.8. LARSEN & TOUBRO LIMITED
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. RED SEA HOUSING SERVICES
8.9.1.Company overview
8.9.2.Operating business segments
8.9.3. Business performance
8.9.4. Key strategic moves and developments
8.10. TAISEI CORPORATION
8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.4. Key strategic moves and developments
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The global precast construction market size was estimated to be $120,222 million in 2015 and is expected to reach $185,232 million by 2022 growing at a CAGR of 6.3%, according to a new report published by Allied Market Research. Non-residential segment is estimated to be the most domint end user sector in the precast construction market from 2015 to 2022; while Asia-Pacific domited the market with 46.6% of the global precast construction market share in 2015.

Precast construction includes buildings where the majority of the structural components are standardized and manufactured in plants in a location away from the building, and then transported to the site for assembly. These components are manufactured by industrial methods based on mass production to build a large number of buildings in a short time at low cost. Precast construction requires continuous monitoring during the design phase and production planning to improve and speed up the construction.

The global precast construction market is segmented based on product type, construction type, and end-user sector. Based on the type of products, the precast construction market is segmented into columns & beams, floors & roofs, walls, staircases, girders, paving slabs, and others. Columns & beams are the most domint product type constituting for around 24.5% of the overall market in 2015. The columns & beams segment is projected to grow at the CAGR of 6.6% during the forecast period, owing to the factors, such as improved work-zone safety for workers, easier material handling, and minimized need for erection of framework.
Based on construction type, the precast construction industry is segmented into modular construction and manufactured homes. Modular construction segment domites the market in 2015 and is expected to maintain its domince during the forecast period growing at a CAGR of 6.8%. The modular construction market is expected to increase mainly because of over-riding client requirements for speed of construction, improved quality, and for early return of investment. The precast modular construction market was estimated to be $99,236 million in 2015.

The precast construction market based on end-user sector is categorized into residential and non-residential segment. Non-residential segment includes infrastructure projects such as tunnels, bridges, flyovers, railway sleepers, metro projects, and others. The non-residential segment also includes stadiums, museums, supermarkets, hospitals, and others. The non-residential segment domites the market in 2015 accounting for $83,978 million in 2015. The expertise of precast construction companies in project magement, design, manufacturing, and on-site erection of precast elements ebles them to offer tailored, cost-effective solutions for non-residential constructions.

By geography, the precast construction market is alyzed across four regions, mely North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the most domint geographical market in 2015, is estimated to grow at a CAGR of 7.2% due to increase in construction expenditure in the emerging countries of Chi, India, and other South East Asia. Mega projects in petro-chemical, oil & gas, mining & energy, and construction industries are constantly exploring the opportunity within modularization as a way of shortening project timelines, lowering costs, and enhancing project quality.

Key findings of Precast Construction Market

Modular constructions market accounted for $99,236 million in 2015 and is expected to grow at a CAGR of 6.8% during the forecast period.
Precast girders market is expected to grow at a CAGR of 6.7%.
Non-residential is expected to grow at a CAGR of 6.6% during the forecast period.
Asia-Pacific is expected to be the fastest growing regiol market with a CAGR of 7.2%.

The key players in the market focus on collaborations, partnerships, and product developments to remain competitive in the market. Some of the key players in the precast construction market include ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria plc, Kiewit Corporation, Komatsu Ltd, Laing ORourke, Larsen & Toubro Limited, Red Sea Housing Services, and Taisei Corporation.

The other companies mentioned in the report include Putzmeister Holding, EBAWE, Elematic Inc. and Weckenmann Anlagentechnik GmbH & Co. KG and Spiroll Precast Services Ltd.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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