Precast concrete is a construction product produced from a reusable mold filled with casting concrete. It can be used to prepare wide variety of products for above-ground and underground construction. From the largest infrastructure projects to the smallest architectural details, there’s a precast solution for all architects, engineers and construction professionals. The global precast concrete market is projected to expand at an impressive CAGR of XX% to reach market value of USD XX million by 2026.
Global Precast Concrete Market Dynamics:
The advantageous features of precast concrete such as reduced construction time and cost, work-zone safety, economic production, good strength to weight ratio, reduced environmental impacts are few of the prime factors fuelling the market. In addition, other attributes of the product such – quality, versatility, sustainability, strength and durability also help the global precast concrete market to surge in the forecast period.
Growth in infrastructure investments, industrialization and large number of new construction due to increase in population are also driving the market for the global precast concrete market.
For instance, according to World Bank and McKinsey estimates the global expenditure from the construction industry is expected to reach USD 14 trillion by 2025.
Damage of precast units during traveling, the amount spent on transporting and handling the precast units are the major restraints of the global precast concrete market.
Global Precast Concrete Market - Segment Analysis:
The global precast concrete market is segmented by application into agriculture, building and construction, water and wastewater treatment, transportation and others. Building and construction occupy a major market share as compared to other applications. On the other hand, transportation is expected to grow at a high CAGR during the forecast period.
Metro lanes are one of the major application of precast concrete. According to UITP Advancing Public Transport by the end of 2013, 148 cities worldwide had a metro system, and approximately 45 cities opening new metro systems. From an infrastructure point of view, there are 11,000 kilometers of infrastructure and 9,000 metro stations. Additionally, in January 2018, the Victorian Government signed a contract with an association led by John Holland, Bouygues Construction. This project is worth USD 4.79 billion and this association will be responsible for financing, designing, and building the future Metro tunnel in Melbourne, and its maintenance for 25 years.
Based on end users, the market is segmented into residential, non-residential, commercial and others. Among these, residential occupies the significant market share. Increasing middle-class population all over the globe is generating substantial demand for affordable housing which will boost the precast concrete market for residential applications. However, the non-residential segment is expected to be the major market share holder due to rise in the construction of industrial buildings, educational buildings, and hospitals.
Global Precast Concrete Market - Geography Analysis:
Asia-Pacific occupies the significant share in global precast concrete market. Due to rapidly growing population in this region has increasing deamnd for construction and transportation. According to United Nations Economic and Social Commission, in 2013, the total population of the Asia-Pacific region stood at 4.3 billion, which is 60% of the world’s population and by 2050 it will reach 5.1 billion.
Global Precast Concrete Market - Competitive landscape:
Prominent players in global precast concrete market are Lafarge Holcim Limited, China National Building Material Company Limited, Elematic Oyj, Concrete Limited, Bison Manufacturing Limited, CRH Plc., L&T Construction, Taisei Corporation, and Coltman Precast & Co, Julius Berger Nigeria Plc., Cemex, Bouygues Constructions, Laing Orourke and others Product launches, partnerships and expansions are expected some of the strategies adopted by players to increase their market share. For instance, in In January 2017, Cemex’s acquired shares in Trinidad Cement Limited (TCL). In October 2015, Cemex UK opened a new flooring production plant using precast concrete at Rochester.
● Equipment Suppliers/ Buyers
● Service Providers/ Buyers
● Industry Investors/Investment Bankers
● Education & Research Institutes
● Research Professionals
● Emerging Companies
1. Global Precast Concrete Market - Scope and Methodology
1.1. Research Methodology
1.2. Scope of the market
2. Global Precast Concrete Market – Trends and Developments
2.1. Key Market trends and Developments
3. Global Precast Concrete Market - Industry Analysis
3.3. Porter’s Five Forces Analysis
4. Global Precast Concrete Market - Segment Analysis
4.1. By Application
4.1.2. Building and constructions
4.1.4. Water and Wastewater Treatment
4.1.5. Others (Includes Special Structures)
4.2. By End-User
4.2.4. Others (includes Infrastructure)
5. Global Precast Concrete Market – By Geography
5.1. North America
5.1.1. The U.S
5.2. South America
5.2.3. Rest of South America
5.3.6. Rest of Europe
5.4.4. South Korea
5.4.6. Rest of Asia-Pacific
5.5. Rest of the World
6. Competitive Landscape
6.1. Market Share/ Rank Analysis
6.2. Key strategies adopted by market players
7. Company Profiles
7.1. Lafarge Holcim Limited
7.3. Elematic Oyj
7.4. Bison Manufacturing Limited
7.5. CRH Plc.
7.6. L&T Construction
7.7. Taisei Corporation
7.8. Coltman Precast
7.9. Bouygues Constructions
7.10. Julius Berger Nigeria Plc.
7.11. Laing ORourke
8.2. Contact Us