Precast Concrete Market Analysis, Trends, and Scope 2023 to 2030
Precast Concrete Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 150.93 Billion |
Market Size by 2030 | US$ 263.71 Billion |
Global CAGR (2022 - 2030) | 7.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Structure System
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
IMPACT OF COVID-19 Pandemic
Before the COVID-19 pandemic, the construction sector across the globe was expanding rapidly. The government initiated ambitious infrastructure projects, which included the construction of new cities, transportation networks, and entertainment complexes. This growth boosted the demand for precast concrete components in various construction applications.
During the COVID-19 pandemic in 2020, the precast concrete industry was the least affected. The manufacturers and contractors adopted different manufacturing methods, such as off-site construction, which led to the continuation of precast concrete production. The off-site construction techniques enabled most precast concrete manufacturers to operate their plants with 100% production capacity, strictly adhering to the COVID-19 norms. Thus, the precast concrete market is anticipated to grow strongly from 2022 to 2030.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Cemex SAB de CV manufacturer; Holcim Ltd; Consolis Group SAS; Elementbau Osthessen GmbH & Co., ELO KG; Forterra; Centrum Pile Ltd.; Balfour Beatty Plc; CRH Plc; Heidelberg Materials AG; and Boral are a few key players operating in the global precast concrete market.