North America Precast Concrete Market Size & Outlook
North America precast concrete market, 2018-2030 (US$B)
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North America precast concrete market highlights
- The North America precast concrete market generated a revenue of USD 25.2 billion in 2023.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 25.2 billion |
| Market revenue in 2030 | USD 37.4 billion |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Structural building components |
| Fastest growing segment | Structural Building Components |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 23.9% of the global precast concrete market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 66.7 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 37.3% in 2023. Horizon Databook has segmented the North America 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 rapidly growing construction industry in the North American economies including the U.S., Canada, and Mexico and rising demand for sustainable and advanced construction practices are some of the factors anticipated to drive the product demand.
Furthermore, rapid commercial growth of the region is likely to open new avenues for various industries to expand markets such as hospitality, retail, and others, which in turn is expected to aid market growth for precast concrete in the region over the forecast period.
The steady residential sector in the U.S. and Canada is expected to drive the demand for the precast concrete over the forecast period. However, the slow-moving residential market in Mexico on account of decreased demand for urban housing coupled with rising house prices is likely to limit the product market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America precast concrete market , including forecasts for subscribers. This continent databook contains high-level insights into North America precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America precast concrete market size, by country, 2018-2030 (US$B)
North America Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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