The North America precast concrete market is expected to grow from US$ 36,234.73 million in 2022 to US$ 52,609.92 million by 2028. It is estimated to grow at a CAGR of 6.4% from 2022 to 2028.
Rise in Renovation and Remodeling Activities Across the Region is fueling the growth of North America Precast Concrete Market
Renovation involves reconstructing infrastructural facilities with modern and advanced construction materials with an aim to promote the structural properties of the building along with improving its life span and contributing to minimal environmental impact. Renovation and remodeling activities help to align infrastructural facilities which are compatible to present and future needs. With the rapid urbanization and industrialization, the demand for better residential and commercial facilities have risen. Further, government organizations in emerging markets are aggressively investing and concentrating on building commercial and industrial infrastructures by introducing numerous initiatives and assigning projects, thereby accelerating the precast concrete business growth. Growing renovation and development activities, driven by increasingly growing investments in the modernization of existing infrastructure, will further complement the precast concrete industry. Furthermore, rising remodeling and construction operations in non-residential spaces would also drive the demand for precast concrete during the forecast period. In addition, hotel and resort renovations are also on the rise. Further, the growing investments in the industrial construction by industry players are also expected to drive precast concrete adoption and generate business opportunities. The rising renovation and remodeling activities integrated with government support are further fueling the North America precast concrete market growth.North America Precast Concrete Market Overview
North America comprises of developed and developing countries such as the US, Canada, and Mexico. North America will account for a remarkable share in the precast concrete market. In the North America region, the US is a major market for precast concrete in the North America region, followed by Canada and Mexico. The extensive use of precast concrete in the construction activities of residential and commercial buildings is anticipated to drive the precast concrete market growth in North America. The construction industry in North America is expanding tremendously due to a strong economy, combined with an increase in federal and state funding for public works and institutional buildings. Precast concrete offers time and cost-benefit to the project and better-quality control than on-site concrete construction. Precast concrete provides absolute thermal protection, constant air/vapor barrier, efficient rain screens, excellent lifespan, lessened construction schedule, and on-site, high-quality labor control standards, faster and more efficient construction process. Besides, the precast concrete market in this region is growing owing to its increasing demand from the automotive and oil & gas industries. The automotive & transportation industry is considered the fastest-growing consumer of this material. Rapid industrialization and urbanization are also fueling the growth of the North America precast concrete market. As per the American Institute of Architects (AIA), spending on commercial buildings in North America is growing every year. Construction spending is estimated to witness robust growth over the forecast period. All these factors are further fueling the growth of the North America precast concrete market.North America Precast Concrete Market Segmentation
The North America precast concrete market is segmented into structure system, end use, and country. Based on structure system, the North America precast concrete market is segmented into beam and column system, floor and roof system, bearing wall system, façade system, and others segment. The beam and column system segment registered the largest market share in 2022.- Based on end use, the North America precast concrete market is segmented into residential, commercial, and others. The commercial segment registered the largest market share in 2022.
- Based on country, the North America precast concrete market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. North America Precast Concrete Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Expert Opinion
5. North America Precast Concrete Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Need for Cost-Effective, Safe, and Eco-Friendly Products
5.1.2 Rise in Renovation and Remodeling Activities Across the Region
5.2 Market Restraints
5.2.1 Volatility in Raw Material Prices
5.3 Market Opportunities
5.3.1 Supportive Government Initiatives
5.4 Future Trends
5.4.1 Significant Investment in Innovation and Product Development
5.5 Impact Analysis of Drivers and Restraints
6. Precast Concrete - North America Market Analysis
6.1 North America Precast Concrete Market -Volume and Forecast to 2028 (Million Cubic Meters)
6.2 North America Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
7. North America Precast Concrete Market Analysis - By Structure System
7.1 Overview
7.2 North America Precast Concrete Market, By Structure System (2021 and 2028)
7.3 Beam and Column System
7.3.1 Overview
7.3.2 Beam and Column System: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Floor and Roof System
7.4.1 Overview
7.4.2 Floor and Roof System: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Bearing Wall System
7.5.1 Overview
7.5.2 Bearing Wall System: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Façade System
7.6.1 Overview
7.6.2 Façade System: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Precast Concrete Market Analysis - By End Use
8.1 Overview
8.2 North America Precast Concrete Market, By End Use (2021 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: North America Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
8.3.3 Residential: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: North America Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
8.4.3 Commercial: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
8.5.3 Others: North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Precast Concrete Market- Country Analysis
9.1 Overview
9.1.1 North America: Precast Concrete Market, by Key Country
9.1.1.1 US: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.2 US: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 US: Precast Concrete Market, by Structure System
9.1.1.3 Canada: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.4 Canada: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Canada: Precast Concrete Market, by Structure System
9.1.1.5 Mexico: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.6 Mexico: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Mexico: Precast Concrete Market, by Structure System
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. Company Profiles
11.1 Boral
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CEMEX SAB de CV.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Consolis Group SAS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Forterra
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 LafargeHolcim
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Tindall Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Centrum Pile Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Betongindustri AB
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary
Table 1. North America Precast Concrete Market -Volume and Forecast to 2028 (Million Cubic Meters)
Table 2. North America Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. US Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 4. US Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 5. US Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 6. Canada Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 7. Canada Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 8. Canada Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 9. Mexico Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 10. Mexico Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 11. Mexico Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 12. Glossary of Terms, Precast Concrete MarketFigure 1. North America Precast Concrete Market Segmentation
Figure 2. North America Precast Concrete Market Segmentation - By Country
Figure 3. North America Precast Concrete Market Overview
Figure 4. North America Precast Concrete Market, by Structure System
Figure 5. North America Precast Concrete Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Precast Concrete Market Impact Analysis of Driver and Restraints
Figure 9. North America Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 10. North America Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Precast Concrete Market Revenue Share, By Structure System (2021 and 2028)
Figure 12. Beam and Column System: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Floor and Roof System: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. Bearing Wall System: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Façade System: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. North America Precast Concrete Market Revenue Share, By End Use (2021 and 2028)
Figure 18. Residential: North America Precast Concrete Market - Volume and Forecast To 2028 (Million Cubic Meters)
Figure 19. Residential: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. Commercial: North America Precast Concrete Market - Volume and Forecast To 2028 (Million Cubic Meters)
Figure 21. Commercial: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: North America Precast Concrete Market - Volume and Forecast To 2028 (Million Cubic Meters)
Figure 23. Others: North America Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. North America: Precast Concrete Market, by Key Country - Revenue (2021) (US$ Million)
Figure 25. North America: Precast Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. US: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 27. US: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 29. Canada: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 31. Mexico: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Betongindustri AB
- Boral
- CEMEX S.A.B. de C.V.
- Centrum Pile Ltd.
- Consolis
- Forterra
- LafargeHolcim
- Tindall Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 102 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 36234.73 Million |
| Forecasted Market Value ( USD | $ 52609.92 Million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | North America |
