Precast Concrete Products Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: LafargeHolcim, Clark Pacific, CRH, CEMEX SAB de CV, Jensen Precast, Boral

Registering a CAGR of 4.4% over the forecast period of 2022-2027, the global Precast Concrete Products market is anticipated to reach the market value of $159.85 billion in the year 2027 from $118.48 billion in the year 2021.

Precast Concrete Products Market Overview

Precast concrete is prepared by casting concrete using a recyclable mold, which is cured off-site in a controlled environment, and then conveyed to the construction place. The molds are used numerous times before getting replaced, making this procedure more efficient than on-site casting. The controlled environment permits the cast concrete products to cure properly and be monitored closely. This casting procedure offers various advantages, such as control over material quality, better workmanship, and safety, as the production is done at ground level. The popularity of this type of concrete is growing with the rising urbanization and construction activities. The shift of the construction industry towards incorporating sustainable, eco-friendly, cost-effective, and modern construction methods has resulted in the growth of the market. So, the increasing construction projects in developing countries to update their existing infrastructure will further boost the market. Precast concrete products such as walls, beams, columns, and stairs are incorporated in residential buildings. The ease and speed with which these products can be built has led to their high request in the building & construction industry. Casted concrete products offer efficient and economical construction in varied weather conditions. These products are manufactured off-site in a meticulous manner, which progresses their overall quality. The use of pre-casted products significantly reduces overall cost, construction time, and waste reduction.

Industry News

January 12, 2022 – LafargeHolcim: In support of worldwide commitments to advance the use of low-carbon building materials, LafargeHolcim in the US has announced that its Ste. Genevieve and Alpena cement plants, located in Bloomsdale, Missouri, and Alpena, Michigan, have transitioned to OneCem® Portland limestone cement (PLC) production. The facilities’ transition to OneCem® PLC—a lower CO2-intensive product—follows the successful transition of the company’s cement plant in Midlothian, Texas last year.

In February 2021, Skanska entered into a USD 334.6-million contract with Kanta-Hame Hospital District to construct a innovative hospital in Hameenlinna, Finland.

In January 2021, LafargeHolcim entered signed an agreement to gain Firestone Building Products from Bridgestone Americas for a value of USD 3.4 billion..

What are the major Applications, Types and Regions for Precast Concrete Products Market?

By Type, it is segmented into

• Columns & Beams


• Floors & Roofs


• Walls


• Staircase


• Others

By Applications it is segmented into

• Industrial Building


• Civil Construction


• Indoor Decoration


• Other

Precast Concrete Products Market Regional Analysis

Precast concrete market in Asia Pacific accounted for largest revenue share in 2020 and is anticipated to witness significant revenue growth rate during the forecast period. Rising construction and infrastructure spending in emerging countries, including China and India, is majorly escalating demand for precast concrete. Also, expansion of transportation and tourism industry in this region has led to increased demand for warehouses, hotels, restaurants, and others, which, in turn, is positively impacting market growth.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Precast Concrete Products Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Precast Concrete Products Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Precast Concrete Products Market Report Scope?

Key Takeaways from this Precast Concrete Products Report

• Evaluate Precast Concrete Products market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Precast Concrete Products market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.