UK Precast Concrete Market Size & Outlook, 2023-2030
UK precast concrete market, 2018-2030 (US$B)
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UK precast concrete market highlights
- The UK precast concrete market generated a revenue of USD 3.4 billion in 2023 and is expected to reach USD 3.9 billion by 2030.
- The UK market is expected to grow at a CAGR of 2.1% 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 3.4 billion |
| Market revenue in 2030 | USD 3.9 billion |
| Growth rate | 2.1% (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, UK accounted for 3.2% 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 Europe, Germany precast concrete market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 3.4 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 38.24% in 2023. Horizon Databook has segmented the UK 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 UK economy is witnessing a sluggish growth on account of the increased inflation coupled with declining business investments owing to the constant political and economic uncertainties related to Brexit negotiations. This is anticipated to impact the growth of the construction industry significantly, which contributes to over 6% of the country’s GDP.
Precast concrete market in the UK is expected to be driven by a strong growth in construction and restoration activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing.
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Our clientele includes a mix of precast concrete market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into UK precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK precast concrete market size, by product, 2018-2030 (US$B)
UK Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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