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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.
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.
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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