July 12, 2022 06:28 ET | Source: Research and Markets Research and Markets
Dublin, July 12, 2022 (GLOBE NEWSWIRE) -- The "Precast Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global precast concrete market reached a value of US$ 115 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 158.2 Billion by 2027, exhibiting a CAGR of 5.46% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. Precast concrete is produced by preparing, casting, and curing the concrete using a reusable mold in a controlled environment. The casted concrete is then transported to the construction site, where it is used for structural components like wall panels, tunnels, floors, beams, columns, pipes, girders and staircases.
The precast structural elements are more economical and practical in nature compared to in-situ concrete. Precast concrete components can be bolted together by embedding steel connectors in the concrete at the time of casting. They offer dimensional accuracy and a choice of developing unique and breakthrough constructions of exceptional quality. As a result, precast concrete is generally used for building affordable projects with identical structures. It also provides the advantage of planning for future construction projects as the components can be rearranged easily. Precast Concrete Market Trends:
The global precast concrete market is primarily driven by rapid urbanization and the growing demand for residential and commercial spaces. With the rising environmental concerns, precast concrete is being increasingly used to construct buildings, bridges, and stadiums as it can be recycled and reused, which helps in minimizing the impact of raw materials on the environment.
Besides this, governments across the globe are investing in infrastructural development projects, which is providing a positive outlook to the market. They are also undertaking various initiatives for the employment of precast concrete as it significantly reduces the overall project timeline and generates savings in raw material and labor costs.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Balfour Beatty plc, Boral Limited, CEMEX S.A.B. de C.V., Elementbau Osthessen GmbH & Co. ELO KG, Forterra Inc., Gulf Precast Concrete Co LLC, Holcim Group, Laing O'Rourke, Olson Precast Company, Spancrete Inc. (Wells Concrete) and Tindall Corporation. Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Precast Concrete Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Floors and Roofs 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Columns and Beams 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Stairs and Landing 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Walls 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by Product 7.1 Structural Building Components 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Architectural Building Components 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Transportation Products 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Water and Waste Handling Products 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by End Use 8.1 Residential 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Non-residential 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Balfour Beatty plc 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.1.3 Financials 14.3.1.4 SWOT Analysis 14.3.2 Boral Limited 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 Financials 14.3.2.4 SWOT Analysis 14.3.3 CEMEX S.A.B. de C.V. 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.3.3 Financials 14.3.3.4 SWOT Analysis 14.3.4 Elementbau Osthessen GmbH & Co. ELO KG 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.5 Forterra Inc. 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.6 Gulf Precast Concrete Co LLC 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.7 Holcim Group 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 Financials 14.3.7.4 SWOT Analysis 14.3.8 Laing O'Rourke 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.9 Olson Precast Company 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.10 Spancrete Inc. (Wells Concrete) 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.11 Tindall Corporation 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/usp5yh