Precast Concrete

Global Precast Concrete Market to Reach US$192.4 Billion by 2030

The global market for Precast Concrete estimated at US$125.4 Billion in the year 2024, is expected to reach US$192.4 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2024-2030. Non-Residential, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$142.6 Billion by the end of the analysis period. Growth in the Residential segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$22.3 Billion While China is Forecast to Grow at 9.4% CAGR

The Precast Concrete market in the U.S. is estimated at US$22.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$58.7 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.3% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Global Precast Concrete Market - Key Trends & Drivers Summarized

Precast concrete is a construction material produced by casting concrete in a reusable mold or form, which is then cured in a controlled environment and transported to the construction site for installation. This method offers several advantages over traditional cast-in-place concrete, including improved quality control, faster construction times, and reduced labor costs. Precast concrete components are used in a wide range of applications, including building facades, structural elements, bridges, and infrastructure projects. The versatility and durability of precast concrete make it a preferred choice for modern construction practices.

The adoption of precast concrete is driven by the need for efficient and sustainable construction methods. Precast components can be manufactured to precise specifications, ensuring high quality and uniformity. This reduces the likelihood of construction errors and enhances the overall structural integrity of the project. Additionally, the controlled manufacturing environment allows for the incorporation of advanced materials and technologies, such as high-performance concrete and embedded sensors, to improve the performance and longevity of the structures. Precast concrete also offers environmental benefits, as it generates less waste and allows for the use of recycled materials.

The growth in the precast concrete market is driven by several factors. Firstly, the increasing demand for efficient and cost-effective construction methods to meet the growing urbanization and infrastructure development is a major driver. Secondly, advancements in precast concrete technologies, such as high-performance concrete and integrated sensors, are enhancing the durability and performance of precast components. Thirdly, the rising emphasis on sustainability and green building practices is encouraging the use of precast concrete due to its reduced waste generation and ability to incorporate recycled materials. Additionally, the need for faster construction times and reduced labor costs is propelling the adoption of precast concrete. Lastly, the expansion of infrastructure projects, including transportation, utilities, and commercial buildings, is further driving the demand for precast concrete components.

SCOPE OF STUDY:

The report analyzes the Precast Concrete market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Element (Columns & Beams, Floors & Roofs, Walls & Barriers, Utility Vaults, Girders, Pipes, Other Elements); End-Use (Non-Residential, Residential)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 91 Featured) -

• Boral Ltd.
• CRH PLC
• Cemex S.A.B. de C.V.
• Aggregate Industries Ltd.
• Contech Engineered Solutions LLC
• Balfour Beatty PLC
• Bouygues Construction
• Coltman Precast Concrete Limited
• Concrete Pipe and Precast LLC
• A.J. Foss, Inc.
• Bonna Sabla
• Capital Precast, Inc.
• Barro Group
• Elematic Oyj
• Balcrom Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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