Precast Concrete Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71214
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The precast concrete market share should rise by USD 16.43 billion from 2021 to 2025 at a CAGR of 3.32%.

This precast concrete market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (building components, transportation, water and waste handling, and others) and geography (APAC, Europe, North America, South America, and MEA). The precast concrete market report also offers information on several market vendors, including Boral Ltd., CEMEX SAB de CV, CRH Plc, Forterra Inc., Gulf Precast Concrete Co. LLC, Julius Berger Nigeria Plc, Kiewit Corp., LafargeHolcim Ltd., Larsen and Toubro Ltd., and Tindall Corp. among others.

What will the Precast Concrete Market Size be in 2021?

To Unlock the Precast Concrete Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Precast Concrete Market: Key Drivers and Trends

The increase in concerns towards work-area safety and need to lower the environmental impact is notably driving the precast concrete market growth, although factors such as fluctuation in raw materials prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the precast concrete industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This precast concrete market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Precast Concrete Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Boral Ltd.
  • CEMEX SAB de CV
  • CRH Plc
  • Forterra Inc.
  • Gulf Precast Concrete Co. LLC
  • Julius Berger Nigeria Plc
  • Kiewit Corp.
  • LafargeHolcim Ltd.
  • Larsen and Toubro Ltd.
  • Tindall Corp.

 

The vendor landscape of the precast concrete market entails successful business strategies deployed by the vendors. The precast concrete market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the precast concrete market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Precast Concrete Market?

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42% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for precast concrete market in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Growing urbanization and industrialization will facilitate the precast concrete market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Precast Concrete Market?

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The precast concrete market share growth by the building components segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the precast concrete market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Precast Concrete Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.32%

Market growth 2021-2025

$ 16.43 billion

Market structure

Fragmented

YoY growth (%)

2.40

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

China, US, Germany, France, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Boral Ltd., CEMEX SAB de CV, CRH Plc, Forterra Inc., Gulf Precast Concrete Co. LLC, Julius Berger Nigeria Plc, Kiewit Corp., LafargeHolcim Ltd., Larsen and Toubro Ltd., and Tindall Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Precast Concrete Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive precast concrete market growth during the next five years
  • Precise estimation of the precast concrete market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the precast concrete market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of precast concrete market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The precast concrete market growth will increase by $16.43 billion during 2020-2025.
The precast concrete market is expected to grow at a CAGR of 3.32% during 2020-2025.
Technavio has segmented the precast concrete market by product (Building components, Transportation, Water and waste handling, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Boral Ltd., CEMEX SAB de CV, CRH Plc, Forterra Inc., Gulf Precast Concrete Co. LLC, Julius Berger Nigeria Plc, Kiewit Corp., LafargeHolcim Ltd., Larsen and Toubro Ltd., Tindall Corp. are a few of the key vendors in the precast concrete market.
APAC will register the highest growth rate of 41.94% among the other regions. Therefore, the precast concrete market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the precast concrete market growth are:
  • Increase in concerns towards work-area safety and need to lower the environmental impact
The precast concrete market vendors should focus on grabbing business opportunities from the building components segment as it accounted for the largest market share in the base year.
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