The study covers a detailed analysis segmented by key business segments i.e. by type (Pre-tensioning Product and Post Tensioning Product) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Precast Concrete Construction market throughout the predicted period.
What is Precast Concrete Construction?
Precast concrete is a type of construction concrete product which is casting in a reusable wooden or steel mold with wire mesh or rebar. In precast concrete pre-stressed cables or tendon wires can be used as per need. Precast concrete product is cured in a controlled environment and transported to the construction site and put into place. Precast Concrete products increases the speed of construction. Strength of precast concrete is more as compared to another concrete due to proper curing.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Precast Concrete Construction market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- Cemex S.A.B de C.V. (Mexico)
- Laing O’Rourke (United Kingdom)
- Julius Berger Nigeria Plc (Nigeria)
- Boral Limited (Australia)
- LafargeHolcim Ltd. (Switzerland)
- Balfour Beatty plc (United Kingdom)
- Skanska AB (Sweden)
- CRH Plc (United Kingdom)
- Forterra (United States)
- Tindall Corporation (United States)
Market Overview:
In July 2021- Forterra, Inc manufacturer of water and drainage infrastructure pipe and precast products has acquired the business of Barbour Concrete Company & Barbour Building Systems manufacturer of precast concrete products used in drainage, utility and other infrastructure applications.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Market Trend
Emerging trends of Ultra-High Performance Concrete (UHPC)
Restraints
- Rising concerns regarding strength of products and Cement used in it
Opportunities
Rising Investment in real estate and infrastructure and Increasing the new construction and renovation work
Key highlights of the Global Precast Concrete Construction market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Precast Concrete Construction market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Precast Concrete Construction market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Precast Concrete Construction Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Precast Concrete Construction market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Precast Concrete Construction market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Government Regulatory, Research Organizations, New Entrants/Investors, Analysts and Strategic Business Planners and Venture Capitalists and Private Equity Firms.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.