Canada Precast Concrete Market Size & Outlook, 2023-2030
Canada precast concrete market, 2018-2030 (US$B)
Related Markets
Canada precast concrete market highlights
- The Canada precast concrete market generated a revenue of USD 4.1 billion in 2023 and is expected to reach USD 5.5 billion by 2030.
- The Canada market is expected to grow at a CAGR of 4.5% 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 4.1 billion |
| Market revenue in 2030 | USD 5.5 billion |
| Growth rate | 4.5% (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, Canada accounted for 3.9% 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 North America, U.S. precast concrete market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 29.7 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 34.15% in 2023. Horizon Databook has segmented the Canada 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.
In Canada, construction is one of the major contributors to its economy. As per International Trade Administration, the Construction segment contributes over 7% to the Canadian GDP. There are four key sectors in the construction industry in Canada: civil engineering, new house renovation and building, heavy industries, and commercial and institutional infrastructure.
Canada’s residential sector is a leading indicator of the overall condition of the economy of Canada. Demand for the latest transport systems with modern technologies, including new roads and bridge systems has resulted in many new development projects in Canada, especially around Vancouver and Ontario. Vancouver alone had 484 transit projects as of 2019, along with 299 road and bridge projects.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into Canada precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada precast concrete market size, by product, 2018-2030 (US$B)
Canada Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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