U.S. Precast Concrete Market Size & Outlook, 2023-2030
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U.S. precast concrete market highlights
- The U.S. precast concrete market generated a revenue of USD 19.8 billion in 2023 and is expected to reach USD 29.7 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 6% 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 19.8 billion |
| Market revenue in 2030 | USD 29.7 billion |
| Growth rate | 6% (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, U.S. accounted for 18.7% 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 |
|---|---|---|---|---|
| Gülermak | View profile | 5001-10000 | Ankara, Ankara, Turkey, Europe | https://www.gulermak.com.tr |
| Forterra | View profile | 5001-10000 | Irving, Texas, United States, North America | http://forterrabp.com/ |
| Spancrete Corporation | View profile | 101-250 | Tokyo, Tokyo, Japan, Asia | http://spancretecorp.com |
| Tindall | View profile | 1001-5000 | Spartanburg, South Carolina, United States, North America | https://tindallcorp.com/ |
| Olson Precast | View profile | 11-50 | Las Vegas, Nevada, United States, North America | https://www.olsonprecastcompany.com |
| Gulf Precast | View profile | 101-250 | Abu Dhabi, Abu Dhabi, United Arab Emirates, Asia | http://www.gulfprecast.ae |
| Laing O'Rourke | View profile | 10001+ | Dartford, Kent, United Kingdom, Europe | http://www.laingorourke.com/ |
| Boral Ltd | View profile | 4606 | 39 Delhi Road, Level 3, Triniti 2, P.O. Box 6041, North Ryde, Sydney, NSW, Australia, 2113 | https://www.boral.com |
| Holcim Ltd | View profile | 63448 | Grafenauweg 10, Zug, Switzerland, CH-6300 | https://www.holcim.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Cemex SAB de CV ADR | View profile | 46497 | Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, Mexico, 66265 | https://www.cemex.com |
U.S. 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 37.88% in 2023. Horizon Databook has segmented the U.S. 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 U.S. offers one of the major markets for precast concrete on account of its highly developed economy, growing construction spending combined with a highly skilled workforce, and R&D initiatives to encourage product innovation. Rising demand for the expansion of floor space in various industries has led to the growth in new construction and renovation projects in the country.
In addition, an increasing number of large-scale infrastructure investment projects, including hotels and hospitals in New York, Missouri, and Los Angeles, is likely to boost construction industry growth and drive the demand for precast concrete products in the U.S.
The increased growth rate of the industrial sector is likely to augment the demand for precast concrete products in the U.S. over the forecast period. Furthermore, the demand for the product is expected to witness rapid growth owing to the inclination of building contractors and customers toward eco-friendly, cost-effective, and modern construction solutions.
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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 U.S. precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into U.S. precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. precast concrete market size, by product, 2018-2030 (US$B)
U.S. Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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