United States Precast Concrete Market Introduction and Overview
According to SPER Market Research, the United States Precast Concrete Market is estimated to reach USD 36.56 billion by 2033 with a CAGR of 6.51%.
The report includes an in-depth analysis of the Global Aircraft Electrical Distribution System Market, including market size and trends, product mix, applications, and supplier analysis. Precast, commonly referred to as prefabricated, construction components are produced using industrial processes focused on mass production, enabling the quick and inexpensive construction of a large number of buildings. The division and specialization of the labor force as well as the use of tools, machinery, and other equipment in the manufacture of standard, interchangeable components and products can be characterized as the primary characteristics of this building process. Because it affects so many other areas of the national economy, construction contributes significantly to overall economic growth.
- Feb 2020: To increase efficiency for the design of structural precast concrete structures, The American Concrete Institute and Precast/Prestressed Concrete Institute announced a new, expanded relationship in February 2020. This is a direct reaction to industry demands for building code specifications that take into account the unique features of precast concrete design.
- July 2021: In July 2021, Barbour Concrete Company & Barbour Building Systems, a provider of precast concrete products used in infrastructure applications such as drainage, stormwater management, utility construction, and other uses, was bought by Forterra Inc. This acquisition is expanding the company’s product line.
Market Opportunities and ChallengesPrecast concrete is in high demand as a result of the construction industry's expansion brought about by the rise in infrastructure transformation projects brought about by urbanization in the United States. This is positively influencing the market. Precast concrete construction eliminates the need for an additional bracing system during construction, resulting in substantial cost savings on load-bearing walls, floors, replacement frames, and skeletal structures. Thus, another element propelling the market is lower economic costs. Precast concrete can be utilized in building construction with improved urbanization and infrastructure development, which will help the precast concrete market in the US grow. One of the main factors predicted to limit market revenue development is the volatility of raw material prices. The energy and raw material costs of precast concrete are unpredictable. Price changes also affect the profit margins of manufacturers; sand and aggregates are among the main raw materials required to produce precast concrete products. The primary determinant of fluctuations in the prices of these raw materials is the cost of energy and crude oil, which are essential for the manufacturing and conveyance of these goods. These modifications also affect the price of finished goods.
Market Competitive Landscape
The best businesses are making significant investments in R&D to produce cutting-edge, superior precast concrete products. They are investigating novel materials and production processes to improve the robustness, longevity, and ecological soundness of their merchandise. In addition, a number of significant companies are broadening their operations through increases in production capacity and geographic reach in an effort to enhance their market position and satisfy growing customer demand. Leading market companies are setting themselves apart from the competition by offering customized solutions to satisfy particular consumer needs. Key players are American Precast Concrete, Inc., CEMEX , Concrete Pipe & Precast LLC, Kawneer, Metromont Corporation, NAPCO Precast LLC, Tindall Corporation, Oldcastle Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Product, By End Use.
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| Regions covered | Northeast, Midwest, South, West.
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| Companies Covered | American Precast Concrete, Inc., CEMEX , Concrete Pipe & Precast LLC, Kawneer, Metromont Corporation, NAPCO Precast LLC, Tindall Corporation, Oldcastle Inc.
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COVID-19 Impact on United States Precast Concrete Market
The COVID-19 epidemic caused numerous problems and disruptions, casting a large shadow over the precast concrete sector in the United States. Production bottlenecks were caused by supply chain interruptions resulting from travel restrictions and lockdowns, which hindered the timely delivery of completed goods and raw materials. Economic uncertainty and constraints associated to the pandemic caused delays or stops in construction activities, which is what primarily drives the demand for precast concrete. As a result, precast concrete products saw a decline in demand across several market sectors. Safety concerns and social distancing measures led to a labor scarcity, which made the industry's problems worse and had an impact on project deadlines and productivity.
Key Target Audience:
- Construction Companies
- Architects and Engineers
- Government Agencies
- Real Estate Developers
- Civil Contractors
- Property Owners and Managers
- Environmental Agencies
- Utility Companies
- Educational Institutions
- Homeowners and DIY Enthusiasts
Our in-depth analysis of the United States Precast Concrete Market includes the following segments:
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By Type: |
Floors and Roofs
Columns and Beams
Stairs and Landing
Walls
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By Products: |
Structural Building Component
Architectural Building Components
Transportation Products
Water and Waste Handling Products
Others
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By End Use: |
Non- Residential
Residential
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Key Topics Covered in the Report:
- United States Precast Concrete Market Size (FY’2024-FY’2033)
- Overview of United States Precast Concrete Market
- Segmentation of United States Precast Concrete Market By Type (Floors and Roofs, Columns and Beams, Stairs and Landing. Walls)
- Segmentation of United States Precast Concrete Market By Product (Structural Building Component, Architectural Building Components, Transportation Products, Water and Waste Handling Products, Others)
- Segmentation of United States Precast Concrete Market By End Use (Residential and Non-Residential)
- Statistical Snap of United States Precast Concrete Market
- Expansion Analysis of United States Precast Concrete Market
- Problems and Obstacles in United States Precast Concrete Market
- Competitive Landscape in the United States Precast Concrete Market
- Impact of COVID-19 and Demonetization on United States Precast Concrete Market
- Details on Current Investment in United States Precast Concrete Market
- Competitive Analysis of United States Precast Concrete Market
- Prominent Players in the United States Precast Concrete Market
- SWOT Analysis of United States Precast Concrete Market
- United States Precast Concrete Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Precast Concrete Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Precast Concrete Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Precast Concrete Market
7. United States Precast Concrete Market, By Type (USD Million) 2020-2033
7.1. United States Precast Concrete Market Size, Share and Forecast, By Type, 2020-2026
7.2. United States Precast Concrete Market Size, Share and Forecast, By Type, 2027-2033
7.3. Floors and Roofs
7.4. Columns and Beams
7.5. Stairs and Landing
7.6. Walls
8. United States Precast Concrete Market, By Products (USD Million)2020-2033
8.1. United States Precast Concrete Market Size, Share and Forecast, By Products, 2020-2026
8.2. United States Precast Concrete Market Size, Share and Forecast, By Products, 2027-2033
8.3. Structural Building Component
8.4. Architectural Building Components
8.5. Transportation Products
8.6. Water and Waste Handling Products
8.7. Others
9. United States Precast Concrete Market, By End Use (USD Million)2020-2033
9.1. United States Precast Concrete Market Size, Share and Forecast, By End Use, 2020-2026
9.2. United States Precast Concrete Market Size, Share and Forecast, By End Use,2027-2033
9.3. Non- Residential
9.4. Residential
10. United States Precast Concrete Market Forecast, 2020-2033 (USD Million)
10.1. United States Precast Concrete Market Size and Market Share
11. United States Precast Concrete Market, By Region, 2020-2033 (USD Million)
11.1. United States Precast Concrete Market Size and Market Share By Region (2020-2026)
11.2. United States Precast Concrete Market Size and Market Share By Region (2027-2033)
11.3. Northeast
11.4. Midwest
11.5. South
11.6. west
12. Company Profile
12.1. American Precast Concrete, Inc.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CEMEX
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Concrete Pipe & Precast LLC
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Kawneer
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Metromont Corporation
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. NAPCO Precast LLC
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Tindall Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Oldcastle Inc.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
