Europe Precast Concrete Market Size and Forecasts 2020-2030, Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Structure System, End Use, and Country

The Europe precast concrete market size was valued at US$ 29.35 billion in 2022 and is projected to reach US$ 46.42 billion by 2030; it is expected to grow at a CAGR of 5.9% from 2022 to 2030.
Precast concrete is widely used in housing, factory, and national laboratory construction projects. Construction activities planned to use precast are cost-effective, fast, and environmentally friendly, and they help ensure optimum quality. The “Concrete Initiative” project aims to increase awareness about sustainable construction in Europe. This project is led by the European Cement Association (CEMBUREAU), the European Federation of Precast Concrete (BIBM) and the European Ready-Mixed Concrete Organisation (ERMCO). Owing to this, the governments of various economies in Europe have taken certain initiatives by investing in infrastructure projects. According to data published by European Commission in June 2023, European Union plans to invest US$ 6.53 billion in sustainable, safe, and efficient transport infrastructure. Such large-scale projects aim to generate new job opportunities and diversify the economy. Thus, supporting government initiatives provide many opportunities for players operating in the Europe precast concrete market.
The Europe precast concrete market has been segmented based on structure system into beam and column system, floor and roof system, bearing wall system, façade system, and others. The beam and column system held the largest share in the Europe precast concrete market in 2022. Columns consist of multilevel components that support beams and spandrels in applications such as parking structures and precast concrete structure systems of all types. The main advantages of precast concrete structures such as beams and columns are increased construction speed and improved productivity, quality control, and cost-efficiency. The precast beams and columns offer other advantages, including design flexibility, faster installation structures, sustainable construction, durability, long life, low maintenance, and moisture resistance. Precast beams and columns are widely used in residential and commercial sectors. Floor and roof system is another attractive segment. The use of precast concrete is extended to different types of floor and roof structure systems, including hollow core floors, ribbed floors, concrete roof elements, and massive slab floors. The partially precast concrete floors are made up of a pre-casted part along with a cast in-situ part.
Based on country, the Europe precast concrete market has been segmented into the Germany, France, the UK, Italy, Russia, and rest of Europe. In 2022, Germany held the largest revenue share of the Europe precast concrete market. Germany is considered one of the largest economies and an attractive market for precast concrete in the European region. Germany is among the largest producers of precast concrete in Europe. The production of precast concrete has consistently risen for a decade. The rising demand from several end-use sectors, such as commercial and residential construction, automotive, and others, has further fueled the growth of the market. Further, the railway industry in Germany comprises over 130 companies, including large system houses for the development and production of complete railway systems. Thus, the extensive use of precast concrete in railways is one of the factors expected to boost the demand for precast concrete in Germany.
CRH Plc; Heidelberg Materials AG; Cemex SAB de CV manufacturer; Holcim Ltd; Consolis Group SAS; Elementbau Osthessen GmbH & Co., ELO KG; Forterra; Centrum Pile Ltd.; Balfour Beatty Plc; and Laing O'Rourke Plc. are some of the major players operating in the Europe precast concrete market. Players operating in the Europe precast concrete market are adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitors in the market. Market players are highly focused towards the development of high quality and innovative product offerings to fulfil the customer’s requirements.
The size of overall Europe precast concrete market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe precast concrete market.

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