UNITED STATES PRECAST CONCRETE MARKET FORECAST 2022-2028
The United States precast concrete market is evaluated to register a CAGR of 5.76% over the projected period, capturing a revenue share of $34.99 billion by 2028. The base year regarded for the market study is 2021 and the forecast years are from 2022 to 2028.
UNITED STATES PRECAST CONCRETE MARKET FORECAST 2022-2028
United States Precast Concrete Market by Product (Structural Building Components, Architectural Building Components, Transportation Products, Water & Waste Handling Products, Other Products) Market by Structural System (Beam and Column System, Bearing Wall System, Floor and Roof System, Façade System, Other Structure Systems) Market by End Use (Infrastructure, Commercial, Residential, Industrial)
The United States precast concrete market is evaluated to register a CAGR of 5.76% over the projected period, capturing a revenue share of $34.99 billion by 2028. The base year regarded for the market study is 2021 and the forecast years are from 2022 to 2028.
Some of the leading factors propelling the market growth of the country include the rapid growth in commercial construction activities, regulatory and legislative changes in the adoption of precast concrete, as well as the increasing number of large-scale infrastructure investment projects.
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Precast concrete products are optimum for several architectural applications on account of their qualities, such as fire sound attenuation as well as resistance. Moreover, precast concrete also has numerous advantages, like cost-effective construction, quick and precise component erection, environmental protection, and superior quality control.
The surging demand for expanding flood spaces in various industries across the United States has resulted in the growth of new renovation as well as construction projects in the nation. Aligning with this, the demand for precast concrete in the United States is anticipated to record rapid growth, primarily given the preference for eco-friendly, modern, and cost-effective construction solutions among customers and building contractors. The state of California represents one of the leading markets for precast concretes on account of the rising construction of bridges, railroads, and aviation infrastructures. In addition, the large-scale maintenance, as well as the rebuilding of structures requiring precast concrete, further propels the country’s market demand.
The construction of a high-speed light rail system connecting Central Valley, Los Angeles, and San Francisco would account for one of the largest railroad projects to be constructed in two phases. With completion expected in 2029, the project is evaluated to cost up to $23.3 billion. These types of commercial infrastructure projects are anticipated to accelerate the demand for precast concrete in the United States, thus contributing to the overall growth of the country’s market during the forecast years.
The United States precast concrete market is segmented into product, structural system, and end use. The end use segment includes infrastructure, commercial, residential, and industrial. The growing applications of precast concrete in the residential sector are primarily credited to the material’s durability, strength, and simple installation procedure. Precast concrete also offers the multiple advantages of concrete in residential infrastructure buildings while eliminating the challenges associated with on-site casting, including weather variations, prolonged construction length, and job site influences.
Industrial buildings are huge structures constituting enormous assemblages of concrete structures. In comparison with conventional concrete construction, precast concrete facilitates the simpler and faster construction of industrial structures. As a result, precast concrete records an increase in adoption, especially for industrial applications.
Some of the major corporations operating in the United States precast concrete market are Balfour Beatty PLC, Boral Limited, Bouygues Construction, etc.
Wells Concrete, headquartered in the United States, is a precast concrete company that provides its expertise in the field of prefabricated building systems, preconstruction & design, as well as sealants & restoration. The company also offers architectural and structural systems, and building enclosures.
The company’s spandrels are characterized as horizontal precast pieces that may be structural with pockets, ledges, or corbels. They help support Hollowcore plank and double tees or non-structural elements in total precast parking garages and buildings.
Report Synopsis
|
Report Scope |
Details |
| Market Forecast Years | 2022-2028 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Billion) |
| Segments Analyzed | Product, Structural System, End Use |
| Country Analyzed | The United States |
| Companies Analyzed |
Balfour Beatty PLC, Boral Limited, Bouygues Construction, Holcim, Cemex SAB de CV |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY DRIVERS
- KEY RESTRAINTS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON PRECAST CONCRETE MARKET
- KEY MARKET TRENDS
- PESTLE ANALYSIS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- REGULATORY FRAMEWORK
- MARKET BY PRODUCT
- STRUCTURAL BUILDING COMPONENTS
- ARCHITECTURAL BUILDING COMPONENTS
- TRANSPORTATION PRODUCTS
- RAIL
- ROAD
- OTHER TRANSPORTATION PRODUCTS
- WATER & WASTE HANDLING PRODUCTS
- WASTEWATER
- STORMWATER
- WATER PIPES
- OTHER PRODUCTS
- MARKET BY STRUCTURAL SYSTEM
- BEAM AND COLUMN SYSTEM
- BEARING WALL SYSTEM
- FLOOR AND ROOF SYSTEM
- FAÇADE SYSTEM
- OTHER STRUCTURE SYSTEMS
- MARKET BY END USE
- INFRASTRUCTURE
- METRO
- BRIDGES
- OTHER INFRASTRUCTURES
- COMMERCIAL
- COMPLEX
- MALLS
- OTHER COMMERCIALS
- RESIDENTIAL
- INDUSTRIAL
- INFRASTRUCTURE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- BALFOUR BEATTY PLC
- BORAL LIMITED
- BOUYGUES CONSTRUCTION
- CEMEX SAB DE CV
- HOLCIM
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: UNITED STATES MARKET SNAPSHOT – PRECAST CONCRETE
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: UNITED STATES PRECAST CONCRETE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 4: UNITED STATES PRECAST CONCRETE MARKET, BY PRODUCT, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 5: UNITED STATES PRECAST CONCRETE MARKET, BY TRANSPORTATION PRODUCTS, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 6: UNITED STATES PRECAST CONCRETE MARKET, BY TRANSPORTATION PRODUCTS, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 7: UNITED STATES PRECAST CONCRETE MARKET, BY WASTE & WASTE HANDLING PRODUCTS, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 8: UNITED STATES PRECAST CONCRETE MARKET, BY WASTE & WASTE HANDLING PRODUCTS, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 9: UNITED STATES PRECAST CONCRETE MARKET, BY STRUCTURAL SYSTEM, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 10: UNITED STATES PRECAST CONCRETE MARKET, BY STRUCTURAL SYSTEM, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 11: UNITED STATES PRECAST CONCRETE MARKET, BY END USE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 12: UNITED STATES PRECAST CONCRETE MARKET, BY END USE, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 13: UNITED STATES PRECAST CONCRETE MARKET, BY INFRASTRUCTURE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 14: UNITED STATES PRECAST CONCRETE MARKET, BY INFRASTRUCTURE, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 15: UNITED STATES PRECAST CONCRETE MARKET, BY COMMERCIAL, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)
TABLE 16: UNITED STATES PRECAST CONCRETE MARKET, BY COMMERCIAL, FORECAST YEARS, 2022-2028 (IN $ BILLION)
TABLE 17: LIST OF MERGERS & ACQUISITIONS
TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: EXAMPLES OF NOVEL TECHNOLOGIES IN PRECAST CONCRETE COMPONENTS
FIGURE 3: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021
FIGURE 8: UNITED STATES PRECAST CONCRETE MARKET, BY STRUCTURAL BUILDING COMPONENTS, 2022-2028 (IN $ BILLION)
FIGURE 9: UNITED STATES PRECAST CONCRETE MARKET, BY ARCHITECTURAL BUILDING COMPONENTS, 2022-2028 (IN $ BILLION)
FIGURE 10: UNITED STATES PRECAST CONCRETE MARKET, BY TRANSPORTATION PRODUCTS, 2022-2028 (IN $ BILLION)
FIGURE 11: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY TRANSPORTATION PRODUCTS, IN 2021
FIGURE 12: UNITED STATES PRECAST CONCRETE MARKET, BY RAIL, 2022-2028 (IN $ BILLION)
FIGURE 13: UNITED STATES PRECAST CONCRETE MARKET, BY ROAD, 2022-2028 (IN $ BILLION)
FIGURE 14: UNITED STATES PRECAST CONCRETE MARKET, BY OTHER TRANSPORTATION PRODUCTS, 2022-2028 (IN $ BILLION)
FIGURE 15: UNITED STATES PRECAST CONCRETE MARKET, BY WATER & WASTE HANDLING PRODUCTS, 2022-2028 (IN $ BILLION)
FIGURE 16: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY WASTE & WASTE HANDLING PRODUCTS, IN 2021
FIGURE 17: UNITED STATES PRECAST CONCRETE MARKET, BY WASTEWATER, 2022-2028 (IN $ BILLION)
FIGURE 18: UNITED STATES PRECAST CONCRETE MARKET, BY STORMWATER, 2022-2028 (IN $ BILLION)
FIGURE 19: UNITED STATES PRECAST CONCRETE MARKET, BY WATER PIPES, 2022-2028 (IN $ BILLION)
FIGURE 20: UNITED STATES PRECAST CONCRETE MARKET, BY OTHER PRODUCTS, 2022-2028 (IN $ BILLION)
FIGURE 21: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY STRUCTURAL SYSTEM, IN 2021
FIGURE 22: UNITED STATES PRECAST CONCRETE MARKET, BY BEAM AND COLUMN SYSTEM, 2022-2028 (IN $ BILLION)
FIGURE 23: UNITED STATES PRECAST CONCRETE MARKET, BY BEARING WALL SYSTEM, 2022-2028 (IN $ BILLION)
FIGURE 24: UNITED STATES PRECAST CONCRETE MARKET, BY FLOOR AND ROOF SYSTEM, 2022-2028 (IN $ BILLION)
FIGURE 25: UNITED STATES PRECAST CONCRETE MARKET, BY FAÇADE SYSTEM, 2022-2028 (IN $ BILLION)
FIGURE 26: UNITED STATES PRECAST CONCRETE MARKET, BY OTHER STRUCTURE SYSTEMS, 2022-2028 (IN $ BILLION)
FIGURE 27: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY END USE, IN 2021
FIGURE 28: UNITED STATES PRECAST CONCRETE MARKET, BY INFRASTRUCTURE, 2022-2028 (IN $ BILLION)
FIGURE 29: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2021
FIGURE 30: UNITED STATES PRECAST CONCRETE MARKET, BY METRO, 2022-2028 (IN $ BILLION)
FIGURE 31: UNITED STATES PRECAST CONCRETE MARKET, BY BRIDGES, 2022-2028 (IN $ BILLION)
FIGURE 32: UNITED STATES PRECAST CONCRETE MARKET, BY OTHER INFRASTRUCTURES, 2022-2028 (IN $ BILLION)
FIGURE 33: UNITED STATES PRECAST CONCRETE MARKET, BY COMMERCIAL, 2022-2028 (IN $ BILLION)
FIGURE 34: UNITED STATES PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY COMMERCIAL, IN 2021
FIGURE 35: UNITED STATES PRECAST CONCRETE MARKET, BY COMPLEX, 2022-2028 (IN $ BILLION)
FIGURE 36: UNITED STATES PRECAST CONCRETE MARKET, BY MALLS, 2022-2028 (IN $ BILLION)
FIGURE 37: UNITED STATES PRECAST CONCRETE MARKET, BY OTHER COMMERCIALS, 2022-2028 (IN $ BILLION)
FIGURE 38: UNITED STATES PRECAST CONCRETE MARKET, BY RESIDENTIAL, 2022-2028 (IN $ BILLION)
FIGURE 39: UNITED STATES PRECAST CONCRETE MARKET, BY INDUSTRIAL, 2022-2028 (IN $ BILLION)
- MARKET BY PRODUCT
- STRUCTURAL BUILDING COMPONENTS
- ARCHITECTURAL BUILDING COMPONENTS
- TRANSPORTATION PRODUCTS
- RAIL
- ROAD
- OTHER TRANSPORTATION PRODUCTS
- WATER & WASTE HANDLING PRODUCTS
- WASTEWATER
- STORMWATER
- WATER PIPES
- OTHER PRODUCTS
- MARKET BY STRUCTURAL SYSTEM
- BEAM AND COLUMN SYSTEM
- BEARING WALL SYSTEM
- FLOOR AND ROOF SYSTEM
- FAÇADE SYSTEM
- OTHER STRUCTURE SYSTEMS
- MARKET BY END USE
- INFRASTRUCTURE
- METRO
- BRIDGES
- OTHER INFRASTRUCTURES
- COMMERCIAL
- COMPLEX
- MALLS
- OTHER COMMERCIALS
- RESIDENTIAL
- INDUSTRIAL
- INFRASTRUCTURE
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