Brazil Precast Concrete Market Size & Outlook, 2023-2030
Brazil precast concrete market, 2018-2030 (US$B)
Related Markets
Brazil precast concrete market highlights
- The Brazil precast concrete market generated a revenue of USD 2.3 billion in 2023 and is expected to reach USD 2.7 billion by 2030.
- The Brazil market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
- In terms of segment, structural building components was the largest revenue generating product in 2023.
- Structural Building Components is the most lucrative product segment registering the fastest growth during the forecast period.
Precast concrete market data book summary
| Market revenue in 2023 | USD 2.3 billion |
| Market revenue in 2030 | USD 2.7 billion |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Largest segment | Structural building components |
| Fastest growing segment | Structural Building Components |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Structural Building Components, Architectural Building Components, Transportation, Waste & Water Handling Products, Other Products |
| Key market players worldwide | Boral Ltd, Holcim Ltd, Cemex SAB de CV ADR, Larsen & Toubro Ltd DR, Gulf Precast, Olson Precast, Tindall, Laing O'Rourke, Spancrete Corporation, Forterra, Gülermak |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.1% of the global precast concrete market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil precast concrete market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2.7 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil precast concrete market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precast concrete market will help companies and investors design strategic landscapes.
Structural building components was the largest segment with a revenue share of 34.78% in 2023. Horizon Databook has segmented the Brazil precast concrete market based on structural building components, architectural building components, transportation, waste & water handling products, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The thriving Brazilian economy witnessed a sluggish growth over the past few years on account of a mix of political and economic factors. However, it is projected to grow at a substantial rate over the forecast period owing to the declining inflation and interest rates.
The growth in construction sector in Brazil was stagnant for the past few years on account of the restricted credit supply, rising economic recession, and declining demand from the residential and nonresidential building segments.
In addition, the corruption scandal by Brazil’s Petrobras caused a negative impact on the major construction companies’ operation in the country by causing delay in several projects, triggering the sale of emergency assets and postponing the investments.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into Brazil precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil precast concrete market size, by product, 2018-2030 (US$B)
Brazil Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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