The global Precast Concrete Market was valued at $80.14 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $135.7 Billion.
Precast Concrete is a construction material which is created offsite using wood or steel mold with rebar or wire mesh. Precast Concrete is prestressed with cable reinforcement which is useful for building & structures where maximizing the strength of the concrete is essential. Precast concrete constructions providea faster& more efficient construction process. Precast concrete makes construction easier for many reasons like this construction inside a climate-controlled structure, eliminating the problem of rains, dust heat, or cold. Specialized equipment can be used to make, move, & pour the liquid concrete it can be done in a controlled environment, construction can be done on the ground rather than a height.
“Optimal Price Point (OPP) for Precast Concrete”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Precast Concrete are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Precast Concrete “by Product Categories”
We have segmented the Precast Concrete based on product categories as Structural, Architectural, Transportation, Water & Waste Handling.
We have observed Precast concrete structure are used in an application that sees a lot of tears&wears from everything from weather to traffic elements. Precast concrete extensively used in building structures like structural frames, roof, cladding etc. structural frames consists of the slab, column, beam & they are mainly used for office, car parks. Precast concretes components & site amenities used in an architectural application as curtain walls & Accessories, cladding, Fireplace Mantles, Trim Products. In transportation, it is used as jersey barriers, tunnel segments, & barriers. Precast concrete products are used in the application of water & waste handling like Leaching pits, septic tanks, water storage tanks, aeration system.
Precast Concrete by “End use”
We have segmented the Precast Concrete market based on End-use areResidential, Non-Residential, & Infrastructure. We have observed the residential is the maximum end-use segment in the market due to the fastest growth of population. Due to the increasing use of precast concrete in nonresidential construction like in the mall, universities, schools, colleges, the hospitals the main reason to boost the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Construction Chemicals market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Precast concrete market due to the demand for infrastructure, housing, development. The AsiaPacific is expected to have the highest growth due to China & this would be followed by Europe.
Expanding bridges, roads, infrastructure with the increasing populations generates a demand for Precast concretes. We are observing that a Precast Concrete is a good option as it can create good impact for construction, & residential sectors.
“Competitive Landscape” and“Merger& Acquisition Insights”
The key market participants include Balfour Beatty PLC, Larsen & Toubro Limited, Taisei Corporation, Red Sea Housing Services, Atco Group, Modular Space Corporation, KEF Infrastructure India, Nanaimo Precast are few major players in Precast Concretemarkets. The market forprecast concrete is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Precast Concrete by-product Categories(Revenue, Million, 2014 – 2025)
- Water & Waste Handling
Precast Concrete by End use(Revenue, Million, 2014 – 2025)
Precast Concrete Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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