27-Apr-2023 | Facts and Factors
According to the Facts and Factors report, the global precast concrete market size was valued around USD 100 billion in 2022 and is expected to grow around USD 135 billion by 2030 with a compound annual growth rate (CAGR) of approximately 4.38% between 2023 and 2030.
Precast concrete is a type of construction product that is made by concrete casting in a suitable mold. The mold used in this process can be of either steel or wood. The mold is then cured under a controlled environment and transported to a construction project site. Reinforced precast concrete is also used according to the need of the end user. The prestressed cable is commonly used for reinforcement and is useful in large commercial projects and specialty building structures where full-strength concrete is essential.
Browse the full “Precast Concrete Market By Application (Buildings, Landscaping, Infrastructure, and Others) and By Product (Concrete Pipes and Box Culverts, Concrete Tanks, Concrete Flood, and Sea Defense, Concrete Floor Slabs, Concrete Ceiling Slabs, Concrete Wall Slabs, and Others): Europe Industry Perspective, Comprehensive Analysis, and Forecast, 2023–2030” report at https://www.fnfresearch.com/precast-concrete-market-by-application-buildings-landscaping-infrastructure
Precast concrete is gaining popularity as a versatile and standard construction product among European countries which is estimated to drive future market demand across the region. Moreover, the increasing importance of structural engineering in the modern-day construction industry and the strong focus of construction companies on innovative design and raw materials are estimated to offer significant opportunities for industry growth. The current market study identifies Germany, Italy, the U.K., and France as the major countries in the region contributing to the overall market growth. For instance, the research estimates that Germany's precast concrete market will generate USD 9,400 Million in revenue by the end of 2030 and will register growth at a CAGR of 6%.
Cost and time benefits associated with the use of precast concrete elements are driving the market demand. These elements found the main application in building floors, walls, and frames. Further, key companies are increasingly designing a diversified product portfolio with a strong emphasis on quality control and international manufacturing standards. Partially precast concrete is also an important industry trend and is popular in floor installation. However, the labor-intensive process and safe transportation to the construction site are predicted as key market challenges. Precast concrete tanks are estimated to register a CAGR of 4.38% during 2023-2030 in terms of volume.
By product types of precast concrete, the market is categorized as concrete pipes and box culverts, concrete tanks, concrete flood and sea defense, concrete floor slabs, concrete ceiling slabs, concrete wall slabs, and other related products. Among all these categories, the concrete tank is identified as a key product type and accounted for a 21% revenue share in 2022. Precast concrete tanks are primarily used as septic tanks and water storage tanks. The high strength and durability of these compared to plastic and fiberglass material is the main advantage offered by the precast concrete tanks. Concrete tanks are widely preferred for drinking water storage as it allows water to balance out to a neutral pH. End-users are adopting precast concrete tanks as a high-quality solution with no chemicals involved in the construction and installation process. Moreover, these tanks can be used for both domestic and commercial applications.
Based on its application precast concrete market is classified as buildings, landscaping, infrastructure, and other related applications. Precast components for buildings are predicted to emerge as the fastest-growing application segment owing to extensive use in residential and non-residential buildings. Additionally, the demand for precast landscape products such as picnic tables, planters, sidewalk slabs, benches, trash receptacles, sprinkler collars, birdbaths, and plash blocks is growing rapidly in Europe.
By different countries, the market is categorized into Germany, the United Kingdom, France, Spain, Poland, Italy, the Netherlands, and the Rest of Europe. Among different countries, the German market is identified as a major revenue-generating segment followed by the United Kingdom. The trend towards increasing urbanization in Germany results in a growing need for affordable housing. The concrete sector can help tackle the shortage of housing and the need for rapid construction by providing comfortable, affordable, and energy-efficient housing.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 100 Billion |
Projected Market Size in 2030 |
USD 135 Billion |
CAGR Growth Rate |
4.38% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Boral Ltd., Lafarge, Gulf Precast Concrete Co. LLC, Olson Precast Company, CEMEX S.A.B de C.V., Forterra, Tindall Corporation, Spancrete, ELO Beton, Gulermark A.S., Balfour Beatty plc., Skanska AB, CRH plc., Laing O’Rourke, Julius Berger Nigerial plc., and Oldcastle Precast, among others. |
Key Segment |
By Product, By End-User, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Coltman Precast Concrete Limited, Skanska AB, Bouygues Construction, Laing O'Rourke PLC, and Taisei Corporation.
This report segments the Europe Precast Concrete market as follows:
By Product Type Analysis
- Concrete Pipes and Box Culverts
- Concrete Tanks
- Concrete Flood and Sea Defense
- Concrete Floor Slabs
- Concrete Ceiling Slabs
- Concrete Wall Slabs
- Others
By Application Analysis
- Buildings
- Landscaping
- Infrastructure
- Other
By Country Analysis
- Germany
- Berlin
- Munich
- Rest of Germany
- United Kingdom
- London
- Birmingham
- Rest of U.K
- France
- Paris
- Toulouse
- Rest of France
- Spain
- Poland
- Italy
- Netherland
- Rest of Europe
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