Global Precast Concrete Market to Hit USD 58.7 Billion By 2022 – Decisiondatabases

The Precast Concrete Industry, after overcoming the recession period, is expected to show a compound annual growth rate (CAGR) of 3.2% from 2016 to 2022 according to the latest study offered by The global precast concrete market was USD 47.1 billion in the year 2015 and is targeted to hit USD 58.7 billion by 2022.

The report “Global Precast Concrete Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast” provides intellectual updates about the precast concrete industry covering market overview, value chain analysis, regional market study and top operating market player’s profiles. The report is beneficial to strategists and businesses to gain an understanding about the global market along with anticipated trends and growth aspects till 2022.

The precast concrete industry is largely dominated by Government initiated projects for infrastructural development. However, these are also being extensively used for residential (low and high rise) and commercial constructions because of their various favorable attributes. The efficiency, durability, ease, cost-effectiveness, and sustainable properties of these products have brought a revolutionary shift in the time consumed in the construction of any structure. Construction industry is a huge energy-consuming industry, and precast concrete products are and will continue to be more energy efficient than its counterparts. The wide range of designs, colors and structural options that these products provide is also making it a favourable choice for its consumers. Such macro and micro factors which are anticipated to affect the market have been elaborately discussed in the report.

The report segments the industry on the basis of structures as Prestressed Concrete, Sandwich Wall (Insulated Double-Wall) Panels, and Others. Among these, the prestressed concrete occupies the largest share as it is more durable, crack proof and has higher tensile strength compared to conventional reinforced concrete. It is majorly used in commercial constructions such as shopping centers, gymnasiums, hotels, etc. On the basis of construction (Non-residential building, Non-building, Residential, and Agricultural) – Non-residential buildings are expected to dominate the market among all others. The construction of hotels, office spaces, manufacturing facilities and amusement & recreation spaces has received the highest boost among all the segments under this category.

By products, the report segments this market into Structural Building Components, Architectural Building Components, Transportation Products, Water & Waste Handling Products, Utility Products, Cemetery Products and Other Precast Concrete Products. Among these Structural Building Components is the leading segment and is custom designed in special manufacturing units. These components comprise of roof & floor trusses and wall panels and are popular in commercial, residential and agricultural construction. Among application segments – Structural Components, Bridge Components, Architectural Cladding, Sound Walls and Others – Structural Components segment has the leading market share. The report anticipates this segment to continue leading under the forecast period.

Europe is the leading precast concrete market. BRIC countries are anticipated to show a high growth owing to the Government initiatives to boost the infrastructure of these countries. The report studies the major players of this industry  – Oldcastle Precast, Coreslab International, Metromont, CEMEX SAB de CV, CRH Plc, Coltman Precast Concrete, and many others – providing their complete profiles. It includes the latest industry developments, mergers -acquisitions, partnerships, capacity improvements and a list of latest projects and products offered by the companies.

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Precast Concrete By Structures:
    Prestressed Concrete
    Sandwich Wall (Insulated Double-Wall) Panels

Precast Concrete By Construction Market:
    Nonresidential building

Precast Concrete By Products:
    Structural Building Components
    Architectural Building Components
    Transportation Products
    Water & Waste Handling Products
    Utility Products
    Cemetery Products
    Other Precast Concrete Products

Precast Concrete By Applications:
    Structural Components
    Bridge Components
    Architectural Cladding
    Sound Walls

Precast Concrete By Geography:
    North America
    Asia Pacific
    Latin America

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