Industry Background:
A significant increase in disposable income and construction & renovation of residential buildings will help to boost global precast concrete market. Precast concrete is an advanced building material and practical solution for fast construction. In comparison to conventional construction precast concrete requires less time and resources. Also, it is eco-friendly as it emits very less CO2 in the environment compared to normal concrete construction.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | China National Building Material Company Limited (China), Bison Manufacturing Limited (United Kingdom), Coltman Precast Concrete Limited (United Kingdom), Cemex S.A.B. De C.V. (Mexico), CRH plc (Ireland), LafargeHolcim Ltd. (Switzerland), Elematic Oyj (Finland), Coreslab International (Canada), Metromont (United States) and Larsen & Toubro Limited (India) |
According to AMA, the market for Precast Concrete is expected to register a CAGR of 6.1% during the forecast period to 2028. This growth is primarily driven by Rapid Urbanization and Population Explosion and Rising Demand for Offsite Construction.
Globally, a noticeable market trend is evident High Demand of Structural Building Components
The Construction Materials sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as China National Building Material Company Limited (China), Bison Manufacturing Limited (United Kingdom), Coltman Precast Concrete Limited (United Kingdom), Cemex S.A.B. De C.V. (Mexico), CRH plc (Ireland), LafargeHolcim Ltd. (Switzerland), Elematic Oyj (Finland), Coreslab International (Canada), Metromont (United States) and Larsen & Toubro Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented by numerous players and there is a competition between regional and international vendors. International vendors are focusing on increasing their footprints in the market. This move is making regional vendors difficult to compete against larger vendors in terms of price, quality, market reach, and financial resources.
On 23rd May 2019, CEMEX, S.A.B. de C.V. has announced that CEMEX contributed construction materials and solutions, as well as proprietary admixture technologies, for three different infrastructure projects in Germany.
Influencing Trend:
High Demand of Structural Building Components and Governments Are Planning To Offer Affordable Housing to Those Falling Lower Class
Market Growth Drivers:
Rapid Urbanization and Population Explosion and Rising Demand for Offsite Construction
Challenges:
Limited Building Design Flexibility
Restraints:
Need for Skilled Workforce
Opportunities:
Increasing Opportunity Due To Enhancement of Public Infrastructure and Enhancement in Lifestyle Due To Growth in Income Level in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Precast Concrete Market
- Analysis about New Entrants in Precast Concrete Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Precast Concrete Study Sheds Light on
The Precast Concrete Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Precast Concrete industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Precast Concrete industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.