Study #: 3647 | Published: 07/2018 | Pages: 175 | Individual User License: US$ 5,200

Be in the know: Key findings in the growing precast concrete industry

  • Structural Building Components to Remain the Largest Precast Concrete Product Segment
  • Commercial Market Will Account for the Largest Share of Precast Concrete Demand but Nonbuilding Market Will Grow Faster
  • Prestressed Products to Gain Share from Standard Products

This study on precast concrete products has 34 figures, 37 tables, and 100+ pages of analysis on the industry, including what segments offer the best opportunities for growth.

Demand for precast concrete is expected to grow 3.8% per annum through 2022. Gains will be driven by an increase in commercial and nonbuilding construction activity. Increased adoption of precast concrete products will further boost demand, as more builders select the material because of its durability and ability to reduce construction project time.


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Precast Concrete Products

Precast Concrete Products: Scope, Demand, & Findings

With demand for precast concrete products growing in the United States, leading players are looking to find out:

  • the impact from demographic trends
  • best opportunities for growth by material  
  • product demand by region

Will the United States market see growth in this industry? Yes! 

With expansion in commercial building construction activity, especially for offices, industrial buildings, and healthcare facilities, demand is forecasted to grow 3.8% annually through 2022. Other major growth factors industry participants should be aware of include growth in spending on highways and bridges and increased adoption of precast concrete products because of their durability and consistent quality.

An example of precast concrete

Scope & Methodology

What product categories are covered in this Study? 

  • Structural building components (e.g., precast concrete slabs; prefabricated building systems; structural supports; foundations; stairs, steps, and ramps)
  • Architectural building components (e.g., decorative facades, roofing tiles, siding, door and window components, fencing, and other products such as balconies, arches, columns, fireplace surrounds, internal partitions, and safe rooms)
  • Transportation construction products (e.g., bridge components, pavement units, culverts, noise and traffic barriers, bridge slabs and tees, pilings and other supports, retaining walls, railroad ties, and other products such as parking blocks and tunnel segments)
  • Water and wastewater handling products (e.g., grease interceptors, manholes, septic tanks, water and sewer system products, and other products such as hazardous materials collection units, leaching pits, and fire cisterns)
  • Other products, including utility, cemetery, agricultural, and marine products

What precast concrete market segments are analyzed?

  • Commercial buildings
  • Nonbuilding
  • Residential buildings
  • Agricultural

Is precast concrete demand presented on a US regional level? 
Yes - we cover the 4 major US regions as well as their sub-regions:

  • Northeast (Middle Atlantic and New England)
  • Midwest (East North Central and West North Central)
  • South (South Atlantic, East South Central, and West South Central)
  • West (Mountain and Pacific)

How does Freedonia conduct research?

Freedonia analysts consult a wide range of primary and secondary sources.

Primary information was gathered through consultations with personnel of participating companies and other industry specialists.

Secondary data and background information were derived from numerous trade publications, including:

  • Ascent
  • Aspire
  • The Concrete Producer
  • Concrete Products
  • Crossties
  • PCI Journal
  • Precast Inc.
  • Precast Solutions

Corporate annual reports, SEC Form 10-K and 20-F filings, product catalogs, and other company information were also used extensively in framing the industry and market environments, and as input for market size assessments.

Supply & Demand

The value of the US precast concrete market in 2017 had a vast majority of demand supplied by US-based manufacturers. Trade plays a very small role in the industry because many precast concrete products are large and heavy and thus costly to ship over long distances. The US was a net importer of precast concrete products in 2017, with imports accounting for 1.6% of domestic demand.

Demand for precast concrete is expected to grow 3.8% per annum through 2022. Gains will be driven by an increase in commercial and nonbuilding construction activity. Increased adoption of precast concrete products will further boost demand, as more builders select the material because of its durability and ability to reduce construction project time.

Precast concrete shipments are also forecast to expand 3.8% annually through 2022. A number of US-based firms increased their production capacities in 2018 in response to market growth in recent years, including Coreslab Structures and Tindall.

Why is trade important in this industry?

Moves such as this will allow industry output to rise along with domestic demand, and the US trade balance is expected to remain largely unchanged through 2022.

What are historical market trends for precast concrete products?

Over the last decade, precast concrete demand has generally tracked construction expenditures because the vast majority of precast concrete products are sold to the construction industry.  Precast concrete demand experienced a double-digit decline in 2009 as commercial building construction activity collapsed due to the 2007-2009 recession. Precast concrete demand rebounded in 2012 due to a recovery in commercial construction spending and renewed strength in residential and nonbuilding construction activity.

Demand for Precast Concrete Products

Key Findings

Are you looking to answer any of the following questions? With over 70 charts, tables, and graphs - and 100+ pages of analysis - this study will be able to answer the below questions and more: 

  • What were the recent mergers or acquisitions? 
  • What role does distribution & marketing play in precast concrete products?
  • Which regions are top performers? Does the East have better opportunities for growth than the West?
  • What factors are affecting demand for septic tanks and other water & wastewater handling products?
  • Is demand growing more for structural building components or architectural?

Contact your Freedonia sales rep today to find out more information or call and ask for redacted tables at +1-440-684-9600.


Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Supply & Demand

Exports

Imports

Historical Market Trends

Demand by Product

Demand by Type

Standard Versus Prestressed Precast Concrete Products

Standard Precast Concrete Products

Prestressed Precast Concrete Products

Pricing Trends

Regulatory & Environmental Issues

Building Codes

Worker Safety

Plant Certifications

Environmental Concerns

STRUCTURAL BUILDING COMPONENTS

Key Findings

Scope & Description

Demand Forecast

Precast Concrete Slabs

Precast Concrete Slabs: Description

Precast Concrete Slabs: Demand Forecast

Prefabricated Building Systems

Prefabricated Building Systems: Description

Prefabricated Building Systems: Demand Forecast

Structural Supports

Structural Supports: Description

Structural Supports: Demand Forecast

Precast Foundations

Precast Foundations: Description

Precast Foundations: Demand Forecast

Precast Stairs, Steps, Ramps, & Other Products

Precast Stairs, Steps, Ramps, & Other Products: Scope & Description

Precast Stairs, Steps, Ramps, & Other Products: Demand Forecast

ARCHITECTURAL BUILDING COMPONENTS

Key Findings

Scope & Description

Demand Forecast

Building Components

Decorative Facades

Roofing Tiles

Siding

Door & Window Components

Fencing

Other Products

TRANSPORTATION CONSTRUCTION PRODUCTS

Key Findings

Scope & Description

Demand Forecast

Infrastructure Construction Products

Scope & Description

Demand Forecast

Bridge Components

Pavement Units

Bridge Tees & Slabs

Railroad Ties & Crossing Panels

Pilings & Other Supports

Other Precast Concrete Transportation Products

Scope & Description

Demand Forecast

Culverts

Noise Barriers

Traffic Barriers

Retaining Walls & Other Products

WATER & WASTEWATER HANDLING PRODUCTS

Key Findings

Scope & Description

Demand Forecast

Products

Septic Tanks

Manholes

Water & Sewer System Products

Grease Interceptors

Other Products

OTHER PRECAST CONCRETE PRODUCTS

Key Findings

Other Precast Concrete Products Overview

Demand Forecast

Utility Products

Scope, Description, & Demand Forecast

Utility Vaults

Utility Structures & Other Products

Cemetery Products

Scope, Description, & Demand Forecast

Vaults

Mausoleums & Other Products

All Other Precast Concrete Products

Scope, Description, & Demand Forecast

Agricultural Components

Marine Products

Landscaping Retaining Walls

Other Miscellaneous Products

MARKETS

Key Findings

Precast Concrete Demand by Market

Commercial Buildings

Key Growth Drivers & Trends

New Construction

Improvement & Repair

Nonbuilding

Key Growth Drivers & Trends

Transportation

Water & Wastewater Handling

Other Nonbuilding

Residential Buildings

Key Growth Drivers & Trends

New Construction

Improvement & Repair

Agricultural

REGIONS

Key Findings

Regional Demand for Precast Concrete

Northeast

Northeast: Scope

Northeast: Demand Forecast

New England

Middle Atlantic

Midwest

Midwest: Scope

Midwest: Demand Forecast

East North Central

West North Central

South

South: Scope

South: Demand Forecast

South Atlantic

East South Central

West South Central

West

West: Scope

West: Demand Forecast

Mountain

Pacific

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share by Company

Manufacturing

Marketing

Distribution

Cooperative Agreements

Mergers & Acquisitions

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Definitions

Abbreviations

Macroeconomic Assumptions

Economic Environment

Consumer Spending

Consumer Financing

Demographics

Construction Expenditures

Building Construction

Residential Building Construction

Residential Improvements & Repairs

Commercial Building Construction

Commercial Building Improvements & Repairs

Nonbuilding Construction Expenditures

Housing Stock

Regional Overview

Regional Population


List of Tables

OVERVIEW

Table 2-1 | Precast Concrete Supply & Demand, 2007 - 2027 (million dollars)

Table 2-2 | Precast Concrete Exports by Destination, 2007 - 2017 (million dollars)

Table 2-3 | Precast Concrete Imports by Source, 2007 - 2017 (million dollars)

Table 2-4 | Historical Precast Concrete Demand Trends, 2007 - 2017

Table 2-5 | Precast Concrete Demand by Product, 2007 - 2027 (million dollars)

Table 2-6 | Precast Concrete Demand by Type, 2007 - 2027

Table 2-7 | Precast Concrete Pricing by Type, 2007 - 2027 (price deflator 2009=100)

STRUCTURAL BUILDING COMPONENTS

Table 3-1 | Structural Building Component Demand, 2007 - 2027 (million dollars)

Table 3-2 | Precast Concrete Slab Demand by Product Type & End Use, 2007 - 2027 (million dollars)

Table 3-3 | Prefabricated Building System Demand by Market, 2007 - 2027 (million dollars)

Table 3-4 | Precast Concrete Structural Support Demand by Type, 2007 - 2027 (million dollars)

Table 3-5 | Precast Foundation Demand by Type, 2007 - 2027 (million dollars)

Table 3-6 | Other Structural Building Component Demand, 2007 - 2027 (million dollars)

ARCHITECTURAL BUILDING COMPONENTS

Table 4-1 | Architectural Building Component Demand, 2007 - 2027 (million dollars)

TRANSPORTATION CONSTRUCTION PRODUCTS

Table 5-1 | Precast Concrete Transportation Construction Product Demand, 2007 - 2027 (million dollars)

Table 5-2 | Precast Concrete Infrastructure Construction Product Demand, 2007 - 2027 (million dollars)

Table 5-3 | Other Precast Concrete Transportation Product Demand, 2007 - 2027 (million dollars)

WATER & WASTEWATER HANDLING PRODUCTS

Table 6-1 | Precast Concrete Water & Wastewater Handling Product Demand, 2007 - 2027 (million dollars)

OTHER PRECAST CONCRETE PRODUCTS

Table 7-1 | Other Precast Concrete Product Demand, 2007 - 2027 (million dollars)

Table 7-2 | Precast Concrete Utility Product Demand, 2007 - 2027 (million dollars)

Table 7-3 | Precast Concrete Cemetery Product Demand, 2007 - 2027 (million dollars)

Table 7-4 | All Other Precast Concrete Product Demand, 2007 - 2027 (million dollars)

MARKETS

Table 8-1 | Precast Concrete Demand by Market, 2007 - 2027 (million dollars)

Table 8-2 | Commercial Precast Concrete Demand by Product & Application, 2007 - 2027 (million dollars)

Table 8-3 | New Commercial Precast Concrete Demand by Product, 2007 - 2027 (million dollars)

Table 8-4 | Commercial I&R Precast Concrete Product Demand by Product, 2007 - 2027 (million dollars)

Table 8-5 | Nonbuilding Precast Concrete Demand by Application, 2007 - 2027 (million dollars)

Table 8-6 | Residential Precast Concrete Demand by Product & Application, 2007 - 2027 (million dollars)

Table 8-7 | New Residential Precast Concrete Demand by Product, 2007 - 2027 (million dollars)

Table 8-8 | Residential I&R Precast Concrete Demand by Product, 2007 - 2027 (million dollars)

Table 8-9 | Agricultural Precast Concrete Demand by Product, 2007 - 2027 (million dollars)

REGIONS

Table 9-1 | Precast Concrete Demand by Region, 2007 - 2027 (million dollars)

Table 9-2 | Northeast: Precast Concrete Demand by Subregion, 2007 - 2027 (million dollars)

Table 9-3 | Midwest: Precast Concrete Demand by Subregion, 2007 - 2027 (million dollars)

Table 9-4 | South: Precast Concrete Demand by Subregion, 2007 - 2027 (million dollars)

Table 9-5 | West: Precast Concrete Demand by Subregion, 2007 - 2027 (million dollars)

INDUSTRY STRUCTURE

Table 10-1 | Precast Concrete Product Sales by Company, 2017 (million dollars)

Table 10-2 | Selected Cooperative Agreements

APPENDIX

Table 11-1 | Study Scope: US Geographic Regions & Subregions

Table 11-2 | Relevant Industry Codes

Table 11-3 | Relevant HS/HTS Codes

Table 11-4 | Abbreviations & Acronyms Used in Study

Table 11-5 | Macroeconomic Indicators, 2007 - 2022 (billion 2009 dollars)

Table 11-6 | Personal Consumption Expenditures, 2007 - 2022 (billion dollars)

Table 11-7 | Consumer Financing Environment, 2007 - 2017

Table 11-8 | Population & Households, 2007 - 2022 (million persons)

Table 11-9 | Construction Expenditures, 2007 - 2022 (billion dollars)

Table 11-10 | Building Construction Expenditures, 2007 - 2022 (billion dollars)

Table 11-11 | Residential Building Construction Expenditures, 2007 - 2022 (billion dollars)

Table 11-12 | Residential Improvement & Repair Expenditures, 2007 - 2022 (billion dollars)

Table 11-13 | Commercial Building Construction Expenditures, 2007 - 2022 (billion dollars)

Table 11-14 | Commercial Building Improvement & Repair Expenditures, 2007 - 2022 (billion dollars)

Table 11-15 | Nonbuilding Construction Expenditures, 2007 - 2022 (billion dollars)

Table 11-16 | Housing Stock by Type, 2007 - 2022 (million units)

Table 11-17 | Population by Region, 2007 - 2022 (million persons)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | Key Trends in the US Precast Concrete Market

OVERVIEW

Figure 2-1 | US Precast Concrete Market Overview

Figure 2-2 | US Precast Concrete Market, 2007 - 2017 (billion dollars)

Figure 2-3 | Precast Concrete Demand Share by Product, 2017 (billion dollars)

Figure 2-4 | Precast Concrete Demand Share by Type, 2007 - 2027 (million dollars)

STRUCTURAL BUILDING COMPONENTS

Figure 3-1 | Key Trends of Precast Concrete Structural Building Components

Figure 3-2 | Examples of Precast Structural Building Components

Figure 3-3 | Structural Building Component Demand Share by Product, 2017 (billion dollars)

ARCHITECTURAL BUILDING COMPONENTS

Figure 4-1 | Key Trends of Precast Concrete Architectural Building Components

Figure 4-2 | Examples of Architectural Building Components

Figure 4-3 | Architectural Building Component Demand Share by Product, 2017 (billion dollars)

TRANSPORTATION CONSTRUCTION PRODUCTS

Figure 5-1 | Key Trends of Precast Concrete Transportation Construction Products

Figure 5-2 | Examples of Transportation Construction Products

Figure 5-3 | Precast Concrete Infrastructure Construction Product Demand Share, 2017 (percent total)

Figure 5-4 | Other Precast Concrete Transportation Product Demand Share, 2007 - 2022 (percent total)

WATER & WASTEWATER HANDLING PRODUCTS

Figure 6-1 | Key Trends of Precast Concrete Water & Wastewater Handling Products

Figure 6-2 | Examples of Water & Wastewater Handling Products

Figure 6-3 | Precast Concrete Water & Wastewater Handling Product Demand Share by Product, 2012 - 2022 (percent total)

Figure 6-4 | Precast Concrete Septic Tank Demand in Single-Family Homes, 2009 - 2017

OTHER PRECAST CONCRETE PRODUCTS

Figure 7-1 | Key Trends of Other Precast Concrete Products

Figure 7-2 | Examples of Other Precast Concrete Products

Figure 7-3 | Other Precast Concrete Product Demand Share by Product, 2012 - 2022 (percent total)

MARKETS

Figure 8-1 | Precast Concrete Market Overview

Figure 8-2 | Precast Concrete Demand Share by Market, 2012 - 2022 (percent total)

Figure 8-3 | Commercial Precast Concrete Demand Versus Commercial Building Construction Expenditures, 2007 - 2027

Figure 8-4 | Nonbuilding Precast Concrete Demand Versus Nonbuilding Construction Expenditures, 2007 - 2027

Figure 8-5 | Residential Precast Concrete Demand Versus Residential Building Construction Expenditures, 2007 - 2027

Figure 8-6 | Agricultural Precast Concrete Demand Versus Agricultural Construction Expenditures, 2007 - 2027

REGIONS

Figure 9-1 | Precast Concrete Regional Overview

Figure 9-2 | Precast Concrete Demand Share by Region, 2017 (billion dollars)

Figure 9-3 | Northeast: Precast Concrete Indicators & Market Position

Figure 9-4 | Midwest: Precast Concrete Indicators & Market Position

Figure 9-5 | South: Precast Concrete Indicators & Market Position

Figure 9-6 | West: Precast Concrete Indicators & Market Position

INDUSTRY STRUCTURE

Figure 10-1 | US Precast Concrete Products Market Share, 2017 (billion dollars)

Figure 10-2 | Leading US Precast Concrete Supplier, 2017

Figure 10-3 | Second Leading US Precast Concrete Supplier, 2017

Figure 10-4 | Third Leading US Precast Concrete Supplier, 2017

Figure 10-5 | Fourth Leading US Precast Concrete Supplier, 2017

APPENDIX

Figure 11-1 | Annual Growth in Real GDP, 2000 - 2017, Compared to 1980 - 2005 Average (percent)

Figure 11-2 | Annual Population Growth, 2002 - 2017 (percent)

Figure 11-3 | Housing Stock by Year of Construction, 2017 (percent)

Figure 11-4 | Share of Population by Region, 2007 - 2022 (percent)


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