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Precast Concrete Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Precast concrete is a construction material that is manufactured by casting concrete in a reusable form. The cast is then cured and transported to the construction site. Unlike standard concrete which is cured in the construction site, precast concrete is manufactured in specially equipped manufacturing plants and then transported to the construction site, ready to be installed. The precast concrete are manufactured in plants, some of which needs to be certified by architectural associations and other government agencies. Moreover, precast concrete manufacturing activities in manufacturing plants ensures better quality as compared to standard concrete manufactured in construction sites.

Raw materials required for precast concrete manufacturing include cement, aggregates and water. Precast concrete manufacturing is carried out in controlled environmental condition and hence it is independent of adverse weather conditions. Owing to this the manufacturing process of precast concrete is unhindered and hence the supply fluctuation is generally nonexistent. Precast concrete materials can be reused for several times before they needs to be replace. Hence, the production cost of precast concrete is significantly low which makes the end products affordable. Precast concrete manufactured products commonly include roofing tiles, building boards concrete panels and slabs, pre-stressed bridge beams, poles, posts and railroad ties. These products are available in wide range of designs, finishes and colors. Precast concrete manufactured products find application in the construction industry. Primarily they are used in construction of residential, nonresidential and industrial building. However, they are also used for the construction of transportation infrastructure and public structures such as sewage and sanitation systems. Precast concrete manufactured products are durable and can withstand lot of pressure. Moreover, usage of precast concrete manufactured products speed up the construction activities.

Global construction industry is experiencing slow growth rate especially for residential construction in matured economies such as North America and Europe. However, the increasing construction activities in developing regions such as Asia Pacific, Middle East & Africa and Latin America is anticipated to boost the demand for precast concrete manufactured considerably during the forecast periods. Nonresidential application is expected to be one of fastest growing application of precast concrete manufacturing products. Rapid commercialization is expected to boost the sales of precast manufactured products such as building boards and roofing tiles. Owing to the affordable cost of precast concrete manufactured products over other overpriced construction materials, the demand is expected to experience considerable growth for nonresidential application. Increasing globalization has enhanced the need for infrastructural development. This has resulted in increasing expenditure in infrastructural development, which is expected to improve the sales of precast concrete manufactured products for transportation infrastructure and public structures such as sewage and sanitation systems applications. One of the major restrain of the construction industry is the sustainability issues over the manufacturing of concrete. However, precast concrete manufacturing is carried out in manufacturing plants located away from residential areas, controlled environment and is closely monitored by factory employees hence are considered sustainable. 

Investment in research and developmental activities for new innovations are expected to boost up the sale revenue of key players. Since majority of the key players in the market are associated with product improvement and product diversification to ensure the competitive edge over competitors. Some of the key manufacturers and suppliers of precast concrete manufactured products include Boral Limited, Amcon Block & Precast Incorporate, ABM Construction, and Cemex S.A.B. de C.V.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

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