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Precast Concrete - Global Market Trajectory & Analytics

  • ID: 4805697
  • Report
  • January 2021
  • Region: Global
  • 322 Pages
  • Global Industry Analysts, Inc
Global Precast Concrete Market to Reach US$ 146.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Precast Concrete estimated at US$ 100.1 Billion in the year 2020, is projected to reach a revised size of US$ 146.2 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.Columns & Beams, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$ 47.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Floors & Roofs segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 22.5% share of the global Precast Concrete market.





The U.S. Accounts for Over 18.7% of Global Market Size in 2020, While China is Forecast to Grow at a 6.6% CAGR for the Period of 2020-2027

The Precast Concrete market in the U.S. is estimated at US$ 18.7 Billion in the year 2020. The country currently accounts for a 18.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 39.5 Billion in the year 2027 trailing a CAGR of 6.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$ 39.5 Billion by the year 2027.

Walls & Barriers Segment Corners a 17.5% Share in 2020

In the global Walls & Barriers segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 12.9 Billion in the year 2020 will reach a projected size of US$ 18.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 16.3 Billion by the year 2027, while Latin America will expand at a 5.6% CAGR through the analysis period. The publisher brings years of research experience to this 6th edition of the report. The 80-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 76 Featured):

  • Balfour Beatty plc
  • Boral Limited
  • CEMEX S.A.B. de C.V.
  • Elementbau Osthessen GmbH
  • Forterra, Inc.
  • Gulf Precast Concrete Co. L.L.C.
  • LafargeHolcim Ltd.
  • Larsen & Toubro Limited
  • Oldcastle Infrastructure, Inc.
  • Olson Precast Company
  • Spancrete
  • Tindall Corporation
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Precast Concrete

What is the estimated value of the Global Market for Precast Concrete?

The Global Market for Precast Concrete was estimated to be valued at $100.1 Billion in 2020.

What is the growth rate of the Global Market for Precast Concrete?

The growth rate of the Global Market for Precast Concrete is 5.6%, with an estimated value of $146.2 Billion by 2027.

What is the forecasted size of the Global Market for Precast Concrete?

The Global Market for Precast Concrete is estimated to be worth $146.2 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Pandemic Leaves Precast Concrete Industry in Shambles
  • Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
  • EXHIBIT 1: Global Construction Spending (in US$ Trillion) for the Years 2019, 2020 & 2021
  • EXHIBIT 2: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • EXHIBIT 3: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • An Insight into Precast Concrete
  • Global Market Outlook and Prospects
  • Rapid Urbanization & Green Drive Give Strong Foundation to Precast Concrete
  • Developing Markets Drive Growth of the Precast Concrete Market
  • Developed Regions Also Hold a Significant Share
  • Non-Residential Sector Accounts for a Major Share
  • Market Challenges
  • Competition
  • WORLD BRANDS

2. FOCUS ON SELECT PLAYERS
  • Recent Market Activity

3. MARKET TRENDS & DRIVERS
  • Rising Global Population & Rapid Urbanization Drives the Demand for Precast Concrete
  • EXHIBIT 4: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • EXHIBIT 5: World Urban Population in Thousands: 1950-2050P
  • Developing Countries Drive Market Growth, Driven by Expanding Middle Class Population
  • EXHIBIT 6: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Growing Environmental Consciousness Drives Widespread Adoption of Precast Concrete
  • Smart Cities Market Poised for Robust Growth Ahead
  • EXHIBIT 7: Connected Things in Smart Cities: Installed Base (in Million) by Segment for 2015 and 2019
  • Smart Homes Drive Demand for Prefabricated Concrete Market
  • EXHIBIT 8: Global Smart Homes Market in US$ Billion for the Years 2020 and 2022
  • Increasing Emphasis on Sustainability to Drive the Market for Precast Concrete
  • Emerging Technology Ensures Concrete Future for Precast Concrete
  • Precast Concrete Built on Industry Byproducts
  • High-Performance, Durable Precast Concrete
  • Concrete for Air Purification & Travel
  • Precast Concrete Technology: Evolving Continuously with Project Demands
  • Latest Construction Trends Augur Well for Precast Concrete
  • The Sustainability Factor
  • Modular Construction
  • 3D Printing
  • Technology Advancements Bode Well for Market Growth of Precast Concrete
  • Self-healing Concrete
  • Graphic Concrete
  • Light-Generating Concrete
  • Translucent Cement
  • High Performance Concrete (HPC)
  • Corrosion Inhibitors & Waterproofing Agents
  • Smog Eating Concrete
  • Pervious Concrete
  • Blended Cements
  • Ultra-High Performance Concrete (UHPC)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Non-Residential Segment: A Key End-use Market for Precast Concrete
  • EXHIBIT 9: Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • EXHIBIT 10: US Non Residential Buildings % Change: 2019 & 2020
  • Residential Construction: An Important End-use Sector
  • EXHIBIT 11: Housing Starts in US in Thousands: 2015-2019
  • EXHIBIT 12: Housing Starts in US: Jan-Nov 2020
  • Market Analytics
  • CANADA
  • Market Overview
  • EXHIBIT 13: Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • EXHIBIT 14: Housing Starts in Canada in Units: Jan 2020-Oct 2020
  • Market Analytics
  • JAPAN
  • Market Overview
  • Market Analytics
  • CHINA
  • Market Overview
  • Urbanization has Positive Impact on Precast Concrete Market
  • EXHIBIT 15: Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities
  • Market Analytics
  • EUROPE
  • Market Overview
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • EXHIBIT 16: Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
  • Market Analytics
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Rising Income Levels and Urbanization Boosts Prospects for Plumbing Products
  • EXHIBIT 17: Urbanization Trends in India: Number of Inhabitants (in Million) for Years 1991, 2001, 2011 & 2021
  • EXHIBIT 18: Percentage Share Breakdown of Indian Households by Income Group (2015 & 2025)
  • Government Housing Projects Drive Demand
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 101
Note: Product cover images may vary from those shown