Dublin, March 18, 2021 (GLOBE NEWSWIRE) -- The "Precast Concrete Market by Element (Columns & Beams, Floors & Roofs, Girders, Walls & Barriers, Utility Vaults, Pipes, Paving Slabs), Construction Type, End-use Sector (Residential, Non-residential) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global precast concrete market size is projected to grow from USD 130.6 billion in 2020 to USD 174.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9%.
The global precast concrete industry has witnessed high growth primarily because of the booming construction sector, rise in renovation & remodeling activities, and rapid urbanization & globalization. Demand for cost-effective, time-efficient, environmentally friendly, and durable construction products is another key factor contributing towards the increasing demand of the precast concrete market over the next few years.
In terms of both value and volume, girders segment to be the fastest-growing segment by 2025.
The girders segment is projected to grow at the highest CAGR from 2020 to 2025. Girders made of precast concrete are mainly used in the construction of bridges and large building structures. For the rapid construction of bridges, girders are precast in the factory, transported to the site, and erected at their specified section of the main construction. This type of girder requires no falsework, making it the preferred choice for accelerated bridge constructions (ABC), where the speed of construction, minimal traffic disruption, and environmental impact are of paramount interest.
In terms of both value and volume, permanent modular buildings is projected to be the fastest-growing segment from 2020 to 2025, for precast concrete.
Permanent modular buildings is projected to be the fastest-growing segment in the precast concrete market. Permanent modular buildings are made of multiple sections or modules that are prefabricated in factories. These modules are brought to the actual site where the building or structure is to be erected. Using equipment such as cranes and other lifting and rigging tools, these modules are set onto the foundation of the building and joined together to make a single structure. This saves time and labor that are required for construction, thus reducing the cost significantly. These factors propel the demand for this construction technique.
In terms of both value and volume, non-residential is projected to be the fastest-growing segment from 2020 to 2025, for precast concrete.
Non-residential is projected to be the fastest-growing segment in the precast concrete market. Precast concrete is widely preferred for commercial, infrastructural, and industrial spaces. The growth in the non-residential segment is due to the rising public and private investment in the infrastructural sector in the emerging economies of Asia Pacific, the Middle East, and South America. Other factors supporting the demand for precast concrete in the non-residential sector are greater penetration level and acceptance of precast concrete components in nonbuilding applications.
In terms of both value and volume, the APAC precast concrete market is projected to grow at the highest CAGR during the forecast period.
In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2020 to 2025. Emerging economies in APAC are expected to experience significant demand for precast concrete as a result of the expansion of the construction industries due to rapid economic development and government initiatives toward infrastructural development. The growing population in these countries represents a strong customer base. The increase in demand for precast concrete can be largely attributed to the growing infrastructure and building & construction industries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Emerging Economies to Witness a Relatively Higher Demand for Precast Concrete
4.2 APAC: Precast Concrete Market, by End-Use Sector and Country
4.3 Precast Concrete Market, by Element
4.4 Precast Concrete Market, by Construction Type
4.5 Precast Concrete Market, by End-Use Sector
4.6 Precast Concrete Market, by Country
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Concerns About Work-Zone Safety and Need for Lower Environmental Impacts
18.104.22.168 Need for Reduced Construction Time and Cost-Effective Products
22.214.171.124 Ease of Installation and Relocation
126.96.36.199 Supportive Government Initiatives
188.8.131.52 Volatility in Raw Material Prices
184.108.40.206 Population Growth and Rapid Urbanization Translating to a Large Number of Construction Projects
220.127.116.11 Rise in Renovation and Remodeling Activities Globally
18.104.22.168 Volatility in Transportation Charges Leading to Unpredictable Business Environment
22.214.171.124 Lack of Awareness About Precast Concrete Method Among End-users
5.3 Yc-Ycc Drivers
5.4 Tariff and Regulatory Analysis
5.4.1 List of Cement Standards and Concrete Standards Developed by Astm International
5.4.2 Osha (Occupational Safety and Health Administration) Standards for Cement and Concrete
5.5 Market Mapping/Ecosystem Map
5.6 Technology Analysis
5.7 Pricing Analysis
5.7.1 Precast Concrete-Average Price
5.8 Trade Analysis
5.8.1 Cement Exports (By Country), in 2019
5.8.2 Cement Imports (By Country), in 2019
5.9 Patent Analysis
5.10 Case Study Analysis
6 Industry Trends
6.2 Supply Chain Analysis
6.2.1 Product Development & Distribution Are An Integral Part of the Supply Chain
126.96.36.199 Prominent Companies
188.8.131.52 Small & Medium Enterprises
6.3 Porter's Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
7 COVID-19 Impact on Precast Concrete Market
7.2 COVID-19 Impact on the Precast Concrete Market
7.2.1 Impact on Permanent Modular Buildings and Relocatable Buildings
7.2.2 Impact on End-Use Sectors
8 Precast Concrete Market, by Element
8.2 Columns & Beams
8.2.1 Columns & Beams Led the Precast Concrete Market in 2019
8.3 Walls & Barriers
8.3.1 Increase in Infrastructural Projects to Offer Growth Opportunities
8.4 Floors & Roofs
8.4.1 Precast Floors & Roofs Offer An Economical Solution Compared to Cast-In-Situ Construction Method
8.5 Utility Vaults
8.5.1 Widely Used for Communication, Electrical, and Gas/Steam Systems
8.6.1 Girders to be the Fastest-Growing Segment by 2025
8.7.1 Preferred Owing to Its Property to Withstand Power Flushing
8.8 Paving Slabs
8.8.1 Widely Used for Pavement Fabrication & Repairs, Patios
9 Precast Concrete Market, by Construction Type
9.2 Elemental Construction
9.2.1 Increase in Infrastructural Construction
9.3 Permanent Modular Buildings
9.3.1 Off-Site Construction to Offer Significant Growth Opportunities
9.4 Relocatable Buildings
9.4.1 Increase in Demand for Temporary Sites and Offices
10 Precast Concrete Market, by End-Use Sector
10.2.1 Precast Concrete Offers An Attractive Solution for Residential Floors
10.3.1 Non-Residential Segment Led the Precast Concrete Market in 2019
11 Precast Concrete Market, by Region
11.4 North America
11.5 Middle East & Africa
11.6 South America
12 Competitive Landscape
12.2 Market Ranking
12.3 Market Share Analysis
12.4 Competitive Leadership Mapping
12.4.2 Emerging Leaders
12.4.4 Emerging Companies
12.5 Strength of Product Portfolio
12.6 Business Strategy Excellence
12.7 Competitive Scenario
12.7.2 New Product Development
12.7.4 Contracts, Partnerships & Agreements
13 Company Profiles
13.1 Cemex S.A.B. De C.V.
13.2 Boral Limited
13.3 Lafargeholcim Ltd
13.4 Balfour Beatty PLC
13.5 Crh PLC
13.6 Devinci Precast
13.7 Forterra, Inc.
13.8 Skanska Ab
13.9 Atco Concrete Products N.V.
13.10 Beaver Gulf Precast Concrete
13.11 Tindall Corporation
13.12 Gulf Precast Concrete Company L.L.C
13.13 Laing O'rourke
13.14 The Precast Group
13.15 Julius Berger Nigeria PLC
13.17 Oldcastle Infrastructure, Inc.
13.18 Preca Solutions India Private Limited
13.19 Mackay Precast Products
13.21 Coltman Precast Concrete Ltd.
13.22 Metromont Corporation
13.23 Smeet Precast
13.24 Vme Precast Private Limited
14.1 Discussion Guide
14.2 Knowledge Store: the Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
For more information about this report visit https://www.researchandmarkets.com/r/2aivj9
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900