Europe Precast Concrete Market to Grow at a CAGR of 5.9% to reach US$ 46,422.54 million from 2022 to 2030
The Europe precast concrete market was valued at US$ 29,351.49 million in 2022 and is projected to reach US$ 46,422.54 million by 2030; it is expected to record a CAGR of 5.9% from 2022 to 2030.
MARKET ANALYSIS
Precast concrete is a material made by pouring concrete into molds of desired shapes for construction applications. Then, the concrete is left to cure in an appropriate environment, and once it is cured, the mold is removed and reused. Precast concrete is made by using raw materials, including cement, aggregates, water, admixtures, reinforcement, release agents, coloring agents, curing materials, and chemical additives. It is a predominant building material used in the construction of office buildings and other commercial spaces. Precast concrete plays an important role in various buildings, offering durability, versatility, and efficiency in construction. Various benefits of precast concrete are construction speed, strength, quality control, cost saving, and design options. Different examples of precast concrete structures are precast concrete slabs, precast concrete beams, precast concrete walls, precast columns, precast stairs, and many others.
GROWTH DRIVERS AND CHALLENGES
The use of precast concrete can help lower construction costs and ensure significant savings before, during, and after the completion of construction projects. Unlike traditional building components, precast components are manufactured from locally sourced, natural raw materials such as cement, sand, stones, and gravel. These raw materials can be reused or recycled completely, which helps minimize the environmental impact of raw materials over their life cycle. Several companies focus on promoting safe and digitized construction with an aim to reduce the number of on-site fatalities. The demand for precast components in construction work is increasing with the growing digitalization in this industry. Precast concrete is a predominant building material used in the construction of office buildings and other commercial spaces. Walls of these buildings can be fabricated while the foundations are being built on-site, saving time and ensuring early occupancy. Due to the ease and speed with which precast structures can be constructed, precast concrete is also widely used in parking structures. In addition, it is a safe and cost-effective material that can withstand all weather conditions. Further, precast concrete can be manufactured with superior quality control than on-site concrete construction. It aids in the construction of eco-friendly, earthquake-resistant, and energy-efficient structures, in contrast to cast-in-situ concrete structures as well as steel, timber, and masonry structures. Thus, the increasing emphasis on cost-effective, safe, and environment-friendly construction operations drives the growth of the Europe precast concrete market
Further, volatile raw material prices can result in delays and cost overruns in construction projects. Fluctuations in raw material prices can deter long-term investment and expansion strategies of precast concrete businesses.
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Europe Precast Concrete Market: Strategic Insights
Europe Precast Concrete Market
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CAGR (2022 - 2030)
5.9%
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Market Size 2022
US$ 29,351.49 Million
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Market Size 2030
US$ 46,422.54 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- CRH Plc
- Heidelberg Materials AG
- Cemex SAB de CV manufacturer
- Holcim Ltd
- Consolis Group SAS
- Elementbau Osthessen GmbH Co ELO KG
- Forterra
- Centrum Pile Ltd
- Balfour Beatty Plc
Regional Overview
- Europe
Market Segmentation
Structure System
- Beam and Column System
- Floor and Roof System
- Bearing Wall System
- Fa
End Use
- Residential
- Commercial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Europe Precast Concrete Market: Strategic Insights
-
CAGR (2022 - 2030)5.9% -
Market Size 2022
US$ 29,351.49 Million -
Market Size 2030
US$ 46,422.54 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- CRH Plc
- Heidelberg Materials AG
- Cemex SAB de CV manufacturer
- Holcim Ltd
- Consolis Group SAS
- Elementbau Osthessen GmbH Co ELO KG
- Forterra
- Centrum Pile Ltd
- Balfour Beatty Plc
Regional Overview
- Europe
Market Segmentation
- Beam and Column System
- Floor and Roof System
- Bearing Wall System
- Fa
- Residential
- Commercial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REPORT SEGMENTATION AND SCOPE
The "Europe Precast Concrete Market Forecast to 2030" is a specialized and in-depth study with a major focus on market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation based on structure system, end use, and country. The report provides key statistics on precast concrete use and their demand in major countries. In addition, it presents a qualitative assessment of various factors affecting the precast concrete market performance in major regions and countries. The report also includes a comprehensive analysis of the leading market players and their key strategic developments. The analysis of market dynamics has also been included in the report to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets. Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the Europe precast concrete market, which helps understand the entire supply chain and various factors affecting the market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The Europe precast concrete market is segmented on the basis of structure system and end use. Based on structure system, the market is segmented into beam and column system, floor and roof system, bearing wall system, façade system, and others. The beam and column system segment held a significant share of the Europe precast concrete market in 2022. Precast structure systems are primarily manufactured in different shapes, including beams and columns. Beams are structural components formed in one of three fundamental shapes, including rectangular, inverted tee beams, and L-beams. They are primarily utilized to support deck members such as solid slabs, double tees, and hollow-core, and sometimes other beams.
By end use, the Europe precast concrete market is segmented into residential, commercial, and others. The commercial segment dominates the Europe precast concrete market. The commercial sector includes sports facilities, schools, colleges, government institutions, hospitals, schools, offices, and other commercial spaces. Precast concrete is used for the construction of sports facilities. Sport-specialized precast components allow general contractors and architects the flexibility to achieve innovative and complex designs with maximized seating.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL ANALYSIS
The report provides a detailed overview of the Europe precast concrete market with respect to country. Based on country, the Europe precast concrete market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Germany dominated the market in 2022. The precast concrete market in Germany was valued at more than US$ 5 billion in 2022. France is a second major contributor to the market in this region, accounting for more than 15% market share. The market in Italy is expected to register a significant CAGR from 2022 to 2030. The expansion of the precast concrete market in this country is attributable to the proliferation of the construction sector. Further, the growing focus on renovation and remodeling activities, along with significant investments in residential and commercial infrastructure, is expected to generate the demand for modular construction materials, thereby supporting the growth of the precast concrete market in Italy during the forecast period.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are among the major strategies adopted by the players operating in the Europe precast concrete market.
In August 2023, Cemex SAB de CV acquired two quarries near Madrid. Through this acquisition, the company is better positioned to serve customers in the area, particularly for the infrastructure industry.
In May 2023, Holcim Ltd. acquired Besblock Ltd, a leading supplier of precast materials to the UK Midlands construction sector. The Besblock technology platform is dedicated to producing sustainable building blocks, with a capacity of nearly 2.5 million m² blocks per year.
In February 2023, Holcim-Russia rebranded its assets as Cementum. The transition to the Russian brand “Cementum” started an utterly independent stage in the company's development.
IMPACT OF COVID-19 Pandemic
Before the COVID-19 pandemic, the construction sector of Europe was expanding rapidly. The government initiated ambitious infrastructure projects in Europe. These projects propelled the demand for precast concrete components in various construction applications.
During the COVID-19 pandemic, in 2020, the precast concrete industry in Europe was the least affected. Manufacturers and contractors adopted different manufacturing methods, such as off-site construction, which led to the continuation of precast concrete production. Off-site construction techniques enabled most precast concrete manufacturers to operate their plants with 100% production capacities, strictly adhering to the COVID-19 norms.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
A few of the key players operating in the Europe precast concrete market are CRH Plc; Heidelberg Materials AG; Cemex SAB de CV manufacturer; Holcim Ltd; Consolis Group SAS; Elementbau Osthessen GmbH & Co.; ELO KG; Forterra; Centrum Pile Ltd.; Balfour Beatty Plc; and Laing O'Rourke Plc.
Europe Precast Concrete Market Report Scope
Report Attribute | Details |
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Market size in 2022 | US$ 29,351.49 Million |
Market Size by 2030 | US$ 46,422.54 Million |
Global CAGR (2022 - 2030) | 5.9% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Structure System
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Regions and Countries Covered | Europe
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Structure System, End Use, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies - Europe Precast Concrete Market
- CRH Plc
- Heidelberg Materials AG
- Cemex SAB de CV manufacturer
- Holcim Ltd
- Consolis Group SAS
- Elementbau Osthessen GmbH & Co., ELO KG
- Forterra
- Centrum Pile Ltd.
- Balfour Beatty Plc
- Laing O'Rourke Plc