Global Precast Concrete Market is valued at approximately USD 133.84 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2024-2032. Precast concrete, formed using reusable molds off-site within controlled settings, ensures optimal curing and close supervision. This off-site method is more efficient than traditional on-site casting due to the multiple uses of molds before replacement. Advantages include superior quality control, enhanced workmanship, and increased safety since production occurs at ground level. The demand for precast concrete is surging, driven by urbanization and an increase in construction activities. The construction industry's shift toward sustainable, economical, and modern building techniques is also a significant growth contributor. Furthermore, the expansion of infrastructure projects in developing nations is expected to propel the market for precast concrete.
Precast concrete products such as beams, columns, walls, and stairs are increasingly incorporated into residential buildings due to their speed and ease of construction. These products, manufactured off-site in meticulous settings, enhance overall quality and offer efficient construction in various weather conditions. The use of precast products significantly reduces construction costs, time, and waste, driving high demand in the building & construction industry. The rapid urbanization and increasing population are propelling market growth. The escalating demand for non-residential infrastructure, including airports, sports complexes, malls, and commercial buildings, is poised to streamline the supply chain, reducing construction timelines and improving cost efficiency. Additionally, government initiatives to provide housing for the Economically Weaker Section (EWS) further boost the demand for precast concrete. However, environmental concerns regarding cement manufacturing are likely to restrain market growth. Cement, a crucial component of concrete, contributes significantly to global warming and pollution. Cement manufacturing sites are sources of toxic gases like nitrogen oxide, sulfur dioxide, and carbon monoxide, linked to health issues and environmental impacts. Government regulations to reduce emissions from cement production sites will likely slow the market's CAGR.
The key regions considered for the Global Precast Concrete Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a dominating region in the Global Precast Concrete Market in terms of revenue. The market growth in the region is being attributed to factors such as rising investments by China, India, and Japan in infrastructure development and the growing residential sector will increase demand for precast concrete products. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by the increased use of these products in non-residential and infrastructural development, reducing construction time and labor costs.
Major market players included in this report are:
- Boral (Australia)
- Gulf Precast (UAE)
- Olson Precast Company (U.S.)
- Larsen & Toubro Limited (India)
- Tindall Corporation (U.S.)
- The Wells Companies (U.S.)
- Elementbau Osthessen GmbH & Co., ELO KG (Germany)
- Bouygues Construction (France)
- Balfour Beatty plc (U.K.)
- Oldcastle Infrastructure Inc. (U.S.)
- Vinci S.A.
- Coltman Precast Concrete Limited
- Holcim Ltd (Switzerland)
- CEMEX (Mexico)
- Forterra Building Products Ltd (U.K.)
The detailed segments and sub-segment of the market are explained below:
By Product Type
- Columns & Beams
- Girders
- Floors & Roofs
- Walls & Barriers
- Pipes
- Paving Slabs
- Others
By Application
- Building Components
- Transportation
- Water & Waste Handling
- Others
By Type
- Wet Concrete
- Dry/Semi-dry Concrete
By End-Use
- Residential
- Commercial
- Industrial
- Infrastructure
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Precast Concrete Market Executive Summary
- 1.1. Global Precast Concrete Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Application
- 1.3.3. By Type
- 1.3.4. By End-Use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Precast Concrete Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Precast Concrete Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rapid Urbanization Activities
- 3.1.2. Increase in Population
- 3.1.3. Government Initiatives
- 3.2. Market Challenges
- 3.2.1. Rising Environmental Concerns
- 3.2.2. Regulatory Restrictions
- 3.3. Market Opportunities
- 3.3.1. Expansion in Developing Nations
- 3.3.2. Technological Advancements
- 3.3.3. Sustainable Building Techniques
Chapter 4. Global Precast Concrete Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Precast Concrete Market Size & Forecasts by Product Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Precast Concrete Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Columns & Beams
- 5.2.2. Girders
- 5.2.3. Floors & Roofs
- 5.2.4. Walls & Barriers
- 5.2.5. Pipes
- 5.2.6. Paving Slabs
- 5.2.7. Others
Chapter 6. Global Precast Concrete Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Precast Concrete Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Building Components
- 6.2.2. Transportation
- 6.2.3. Water & Waste Handling
- 6.2.4. Others
Chapter 7. Global Precast Concrete Market Size & Forecasts by Type 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Precast Concrete Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Wet Concrete
- 7.2.2. Dry/Semi-dry Concrete
Chapter 8. Global Precast Concrete Market Size & Forecasts by End-Use 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Precast Concrete Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.2.3. Industrial
- 8.2.4. Infrastructure
Chapter 9. Global Precast Concrete Market Size & Forecasts by Region 2022-2032
- 9.1. North America Precast Concrete Market
- 9.1.1. U.S. Precast Concrete Market
- 9.1.1.1. Product Type breakdown size & forecasts, 2022-2032
- 9.1.1.2. Application breakdown size & forecasts, 2022-2032
- 9.1.1.3. Type breakdown size & forecasts, 2022-2032
- 9.1.1.4. End-Use breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Precast Concrete Market
- 9.2. Europe Precast Concrete Market
- 9.2.1. U.K. Precast Concrete Market
- 9.2.2. Germany Precast Concrete Market
- 9.2.3. France Precast Concrete Market
- 9.2.4. Spain Precast Concrete Market
- 9.2.5. Italy Precast Concrete Market
- 9.2.6. Rest of Europe Precast Concrete Market
- 9.3. Asia-Pacific Precast Concrete Market
- 9.3.1. China Precast Concrete Market
- 9.3.2. India Precast Concrete Market
- 9.3.3. Japan Precast Concrete Market
- 9.3.4. Australia Precast Concrete Market
- 9.3.5. South Korea Precast Concrete Market
- 9.3.6. Rest of Asia Pacific Precast Concrete Market
- 9.4. Latin America Precast Concrete Market
- 9.4.1. Brazil Precast Concrete Market
- 9.4.2. Mexico Precast Concrete Market
- 9.4.3. Rest of Latin America Precast Concrete Market
- 9.5. Middle East & Africa Precast Concrete Market
- 9.5.1. Saudi Arabia Precast Concrete Market
- 9.5.2. South Africa Precast Concrete Market
- 9.5.3. Rest of Middle East & Africa Precast Concrete Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Boral (Australia)
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Gulf Precast (UAE)
- 10.3.3. Olson Precast Company (U.S.)
- 10.3.4. Larsen & Toubro Limited (India)
- 10.3.5. Tindall Corporation (U.S.)
- 10.3.6. The Wells Companies (U.S.)
- 10.3.7. Elementbau Osthessen GmbH & Co., ELO KG (Germany)
- 10.3.8. Bouygues Construction (France)
- 10.3.9. Balfour Beatty plc (U.K.)
- 10.3.10. Oldcastle Infrastructure Inc. (U.S.)
- 10.3.11. Vinci S.A.
- 10.3.12. Coltman Precast Concrete Limited
- 10.3.13. Holcim Ltd (Switzerland)
- 10.3.14. CEMEX (Mexico)
- 10.3.15. Forterra Building Products Ltd (U.K.)
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes