Precast Concrete Products

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Precast Concrete

Through 2026, demand for precast concrete products is forecast to increase 5.9% per year to $18.5 billion. Gains will be driven by:

  • increased commercial building construction
  • a massive influx of federal funding for infrastructure projects
  • the rising specification of precast concrete over competitive products because of its durability, strength, ease of installation, and ability to be customized

Commercial Building Market to Drive Demand Growth

Commercial buildings are the most important outlet for precast concrete products, as both the leading market and one of the fastest growing through 2026. Strong opportunities for demand in this market stem from:

  • a rebound in underlying construction following losses during the pandemic
  • greater use of precast concrete at the expense of competing materials

Precast concrete products are increasingly specified during the construction of a variety of commercial structures (including high-rise offices, hotels, and industrial buildings) because of their durability and uniformity, which is particularly important for large commercial buildings that require significant volumes of materials because it can speed construction. As skilled labor becomes more expensive and difficult to come by, efficiencies offered by precast products are growing in importance.

Infrastructure Law to Boost Precast Concrete Demand

Precast concrete product demand will be bolstered by the Infrastructure Investment & Jobs Act, which was passed in late 2021 and allocates $1 trillion (over eight years) for a wide array of infrastructure related projects around the US. Many of these projects – including the renovation of bridges, railroads, roads, highways, public utility structures, and water and sewage facilities – will provide opportunities for precast concrete manufacturers.

Precast Concrete Is Making Inroads Against Competitive Products in Structural Construction

Structural building components account for the leading share of precast concrete demand by product, and demand is expected to grow at the fastest pace through 2026. Precast concrete products will be increasingly specified as concrete slabs, prefabricated buildings, foundations, and supports because of their:

  • ease of installation, which reduces construction costs and labor needs, a key factor as workers in general and skilled laborers in particular become increasingly scarce
  • greater durability than competitive products like poured-in-place concrete
  • consistent quality due to their production in factory settings

However, precast concrete products will continue to compete with poured-in-place concrete – throughout the forecast period and beyond – due to the latter’s lower cost and familiarity among building contractors.

Historical Demand

Historical Trends

Demand for precast concrete generally tracks construction expenditures because most precast concrete products are sold to the construction industry:

  • The correlation is especially strong with new building construction, as a variety of structural and architectural precast concrete products are installed at the time of initial construction.
  • Transportation construction spending also heavily influences precast concrete product demand since they see use in a wide variety of infrastructure applications – including roads and highways, bridges, railway systems, ports, and more. This segment has been heavily impacted by federal infrastructure funding, such as the FAST act, which funded transportation infrastructure spending between 2015 and 2020.
  • Other nonbuilding construction spending also impacts precast concrete demand for products used in utility structures as well as water and sewer systems.

Demand for precast concrete is also impacted by competitive products made from alternative materials:

  • In structural applications, precast concrete competes primarily with poured-in-place concrete, which has advantages like lower initial cost and widespread contractor familiarity. However, precast concrete has been gaining share from poured-in-place concrete, driven in part by growing acceptance of the long-term performance benefits of precast concrete as well as its easier installation process.
  • In other applications, precast concrete products compete with a much broader spectrum of materials. In both siding and fencing, for instance, precast concrete products contend for market share against materials that are lower cost (vinyl or wood composite, for instance) or offer stronger aesthetics (like brick). In these applications, precast concrete products also gain share due to their durability and ease of installation.

Products Overview

Precast concrete products can be categorized into four main groups:

  • structural building components
  • architectural building components
  • water and wastewater handling products
  • other products, including infrastructure components such as bridges, utility, cemetery, and agricultural products

Demand for precast concrete is contingent on a wide range of factors, including trends in construction expenditures, incidence of use in individual markets, and changes in consumer preferences.

Precast concrete demand is expected to increase 5.9% annually through 2026 to $18.5 billion, driven by growth in commercial building and infrastructure construction spending:

  • Among product types, structural building components are expected to account for the largest share of demand gains, supported by their widespread use in the growing building construction market, particularly in commercial applications.
  • Transportation products such as bridge components and railroad ties – included in the other products segment – are expected to grow at a rapid pace, driven by a rising use of precast concrete products in the various types of projects funded by the Infrastructure Investment & Jobs Act
  • Water handling products demand will also be bolstered by the Infrastructure Investment & Jobs Act, which will support strong increases in sewer and water supply construction.
  • Precast concrete architectural building components demand growth will be driven by rising use of precast concrete decorative facades and door and window components, especially on commercial buildings.

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  1. Precast Concrete Products

    $5,300.00

    1. 1 Executive Summary

      $323.00

      1. Figure 1-1 | US Precast Concrete Market Overview

    2. 2 COVID-19 Pandemic

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      1. 2.1 Overview

        $323.00

      2. 2.2 Impact on the Economy

        $354.00

        1. Table | Macroeconomic Indicators, 2019 - 2023

        2. Figure 2-1 | Real GDP by Economic Sector, 2020 - 2023

      3. 2.3 Impact on the Construction Industry

        $323.00

        1. Table | Construction Expenditures, 2019 - 2023

      4. 2.4 Impact on the Precast Concrete Industry

        $337.00

        1. Table | Annual Precast Concrete Demand by Product, 2019 - 2022

        2. Table | Annual Precast Concrete Demand by Market, 2019 - 2022

        3. Figure 2-2 | Precast Concrete Value Demand by Market, 2019 - 2023

    3. 3 Overview

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      1. 3.1 Study Scope

        $323.00

        1. Figure 3-1 | Precast Concrete Products: Product Examples

      2. 3.2 Historical Trends

        $323.00

        1. Table | Precast Concrete Product Demand, 2011 - 2021

        2. Figure 3-2 | Precast Concrete Product Demand, 2005 - 2021

      3. 3.3 Supply & Demand

        $323.00

        1. Table | Precast Concrete Product Supply & Demand, 2011 - 2031

      4. 3.4 Products Overview

        $323.00

        1. Table | Precast Concrete Demand by Product, 2011 - 2031

        2. Figure 3-3 | Precast Concrete Demand by Product, 2011 - 2031

      5. 3.5 Markets Overview

        $323.00

        1. Table | Precast Concrete Product Demand by Market, 2011 - 2031

        2. Figure 3-4 | Precast Concrete Product Demand by Market, 2011 - 2031

      6. 3.6 Production Methods

        $323.00

        1. Table | Precast Concrete Product Demand by Production Method, 2011 - 2031

        2. Figure 3-5 | Precast Concrete Product Demand by Production Method, 2011 - 2031

        3. 3.6.1 Standard Precast Concrete

          $323.00

        4. 3.6.2 Prestressed Precast Concrete

          $323.00

      7. 3.7 Volume & Pricing Trends

        $323.00

        1. Table | Precast Concrete Product Average Price by Production Method, 2011 - 2031

        2. Figure 3-6 | Precast Concrete Product Prices, 2003 - 2026

    4. 4 Factors Impacting Precast Concrete Demand

      $323.00

      1. 4.1 Building Construction Outlook

        $323.00

        1. Figure 4-1 | US Construction Expenditures by Building Type, 2010 - 2030

      2. 4.2 Infrastructure Spending Outlook

        $323.00

      3. 4.3 Building Codes & Regulations

        $323.00

      4. 4.4 Sustainability Initiatives

        $323.00

    5. 5 Structural Building Components

      $1,269.00

      1. 5.1 Scope & Product Description

        $323.00

        1. Figure 5-1 | Precast Concrete Structural Building Components: Product Examples

      2. 5.2 Products

        $1,046.00

        1. 5.2.1 Demand by Product

          $323.00

          1. Table | Precast Concrete Structural Building Component Demand by Product, 2011 - 2031

          2. Figure 5-2 | Precast Concrete Structural Building Component Demand by Product, 2011 - 2031

        2. 5.2.2 Concrete Slabs

          $323.00

          1. Table | Precast Concrete Slab Demand by Type & End Use, 2011 - 2031

        3. 5.2.3 Prefabricated Building Systems

          $323.00

          1. Table | Precast Concrete Prefabricated Building System Demand by Market, 2011 - 2031

        4. 5.2.4 Structural Supports

          $323.00

          1. Table | Precast Concrete Structural Support Demand by Type, 2011 - 2031

        5. 5.2.5 Foundations

          $323.00

          1. Table | Precast Concrete Foundation Demand by Type, 2011 - 2031

        6. 5.2.6 Other Structural Components

          $323.00

          1. Table | Other Precast Concrete Structural Component Demand, 2011 - 2031

      3. 5.3 Markets

        $323.00

        1. Table | Precast Concrete Structural Building Component Demand by Market, 2011 - 2031

    6. 6 Architectural Building Components

      $1,572.00

      1. 6.1 Scope & Market Description

        $323.00

        1. Figure 6-1 | Architectural Building Components: Product Examples

      2. 6.2 Products

        $1,342.00

        1. 6.2.1 Demand by Product

          $323.00

          1. Table | Precast Concrete Architectural Building Component Demand by Product, 2011 - 2031

          2. Figure 6-2 | Precast Concrete Architectural Building Component Demand by Product, 2011 - 2031

        2. 6.2.2 Decorative Facades

          $323.00

          1. Table | Decorative Façade Precast Concrete Product Demand by Market & Application, 2011 - 2031

        3. 6.2.3 Roofing Tile

          $323.00

          1. Table | Precast Concrete Roofing Tile Demand by Market & Application, 2011 - 2031

        4. 6.2.4 Siding

          $323.00

          1. Table | Precast Concrete Siding Demand by Market, 2011 - 2031

        5. 6.2.5 Window & Door Components

          $323.00

          1. Table | Precast Concrete Window & Door Component Demand by Market & Application, 2011 - 2031

        6. 6.2.6 Fencing

          $323.00

          1. Table | Precast Concrete Fencing Demand by Market & Application, 2011 - 2031

        7. 6.2.7 Other Architectural Components

          $323.00

          1. Table | Other Architectural Precast Concrete Product Demand by Market & Application, 2011 - 2031

      3. 6.3 Markets

        $323.00

        1. Table | Precast Concrete Architectural Component Demand by Market & Application, 2011 - 2031

    7. 7 Water Handling Products

      $1,025.00

      1. 7.1 Scope & Product Description

        $323.00

        1. Figure 7-1 | Precast Concrete Water Handling Products: Examples

      2. 7.2 Products

        $799.00

        1. 7.2.1 Demand by Product

          $323.00

          1. Table | Precast Concrete Water Handling Product Demand by Product, 2011 - 2031

          2. Figure 7-2 | Water Handling Precast Concrete Demand by Product, 2011 - 2031

        2. 7.2.2 Septic Tanks

          $323.00

          1. Table | Precast Concrete Septic Tank Demand by Market & Application, 2011 - 2031

        3. 7.2.3 Manholes

          $323.00

          1. Figure 7-3 | Precast Concrete Manhole Demand, 2005 - 2026

        4. 7.2.4 Drains, Channels, &Collection Units

          $323.00

          1. Figure 7-4 | Precast Concrete Drain, Channel, &Collection Unit Demand, 2005 - 2026

        5. 7.2.5 Culverts

          $323.00

          1. Figure 7-5 | Precast Concrete Culvert Demand, 2005 - 2026

        6. 7.2.6 Interceptors & Separators

          $323.00

          1. Table | Precast Concrete Interceptor & Separator Demand by Market, 2011 - 2031

        7. 7.2.7 Other Water Handling Products

          $323.00

          1. Figure 7-6 | Other Precast Concrete Water Handling Product Demand, 2005 - 2026

      3. 7.3 Markets

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        1. Table | Precast Concrete Water Handling Product Demand by Market & Application, 2011 - 2031

    8. 8 Other Precast Concrete Products

      $1,500.00

      1. 8.1 Scope & Product Description

        $323.00

        1. Figure 8-1 | Other Precast Concrete Products: Examples

      2. 8.2 Products

        $1,241.00

        1. 8.2.1 Demand by Product

          $323.00

          1. Table | Other Precast Concrete Product Demand by Product, 2011 - 2031

          2. Figure 8-2 | Other Precast Concrete Product Demand by Product, 2011 - 2031

        2. 8.2.2 Bridge Components (Supports, Tees & Slabs)

          $323.00

          1. Table | Precast Concrete Bridge Component Demand by Type, 2011 - 2031

        3. 8.2.3 Utility Products

          $323.00

          1. Table | Precast Concrete Utility Product Demand by Type, 2011 - 2031

        4. 8.2.4 Pilings, Caissons, &Piers

          $323.00

          1. Figure 8-3 | Precast Concrete Piling, Caisson, &Pier Demand, 2005 - 2026

        5. 8.2.5 Paving Slabs & Panels

          $323.00

          1. Figure 8-4 | Precast Concrete Paving Slab & Panel Demand, 2005 - 2026

        6. 8.2.6 Noise & Traffic Barriers

          $323.00

          1. Table | Precast Concrete Barrier Demand by Type, 2011 - 2031

        7. 8.2.7 Retaining Walls

          $323.00

          1. Table | Precast Concrete Retaining Wall Demand by Type, 2011 - 2031

        8. 8.2.8 Railroad Ties & Crossing Panels

          $323.00

          1. Figure 8-5 | Precast Concrete Railroad Tie & Crossing Panel Demand, 2007 - 2026

        9. 8.2.9 All Other Precast Concrete Products

          $323.00

          1. Table | All Other Precast Concrete Product Demand by Type, 2011 - 2031

      3. 8.3 Markets

        $323.00

        1. Table | Other Precast Concrete Product Demand by Market Application, 2011 - 2031

    9. 9 Buildings Market

      $1,484.00

      1. 9.1 Market Scope

        $323.00

      2. 9.2 Product Trends

        $323.00

        1. Table | Building Precast Concrete Product Demand by Product, 2011 - 2031

      3. 9.3 Market Sectors

        $323.00

        1. Table | Building Precast Concrete Product Demand by Market, 2011 - 2031

      4. 9.4 Residential Buildings

        $589.00

        1. 9.4.1 Product Trends & Key Growth Drivers

          $323.00

          1. Table | Residential Building Precast Concrete Demand by Product & Application, 2011 - 2031

        2. 9.4.2 New Construction

          $323.00

          1. Table | New Residential Building Precast Concrete Demand by Product, 2011 - 2031

        3. 9.4.3 Improvement & Repair

          $323.00

          1. Table | Residential Improvement & Repair Precast Concrete Demand by Product, 2011 - 2031

      5. 9.5 Commercial Buildings

        $589.00

        1. 9.5.1 Product Trends & Key Growth Drivers

          $323.00

          1. Table | Commercial Building Precast Concrete Demand by Product & Application, 2011 - 2031

        2. 9.5.2 New Construction

          $323.00

          1. Table | New Commercial Building Precast Concrete Demand by Product, 2011 - 2031

        3. 9.5.3 Improvement & Repair

          $323.00

          1. Table | Commercial Improvement & Repair Precast Concrete Demand by Product, 2011 - 2031

    10. 10 Infrastructure Markets

      $878.00

      1. 10.1 Market Scope

        $323.00

      2. 10.2 Product Trends & Key Growth Drivers

        $323.00

        1. Table | Infrastructure Precast Concrete Demand by Product, 2011 - 2031

      3. 10.3 Market Sectors

        $666.00

        1. 10.3.1 Demand by Sector

          $323.00

          1. Table | Infrastructure Precast Concrete Product Demand by Sector, 2011 - 2031

        2. 10.3.2 Roads & Bridges

          $323.00

          1. Table | Road & Bridge Precast Concrete Product Demand by Type, 2011 - 2031

        3. 10.3.3 Water & Sewer

          $323.00

          1. Table | Water & Sewer Precast Concrete Product Demand by Type, 2011 - 2031

        4. 10.3.4 Electric Utilities

          $323.00

          1. Figure 10-1 | Electric Utility Precast Concrete Product Demand, 2005 - 2026

        5. 10.3.5 Other Infrastructure Projects (Railroad, Marine, Airport)

          $323.00

          1. Table | Other Infrastructure Precast Concrete Product Demand by Type, 2011 - 2031

    11. 11 Niche Markets

      $754.00

      1. 11.1 Market Sectors

        $323.00

        1. Table | Niche Precast Concrete Product Demand, 2011 - 2031

        2. Figure 11-1 | Niche Precast Concrete Product Examples

      2. 11.2 Cemetery Products

        $323.00

        1. Table | Cemetery Precast Concrete Product Demand, 2011 - 2031

      3. 11.3 Agricultural Structures

        $323.00

        1. Table | Precast Concrete Agricultural Structure Demand, 2011 - 2031

      4. 11.4 Landscaping Retaining Walls

        $323.00

        1. Table | Precast Concrete Landscaping Retaining Wall Demand, 2011 - 2031

      5. 11.5 Consumer & Commercial Products

        $323.00

        1. Table | Consumer & Commercial Precast Concrete Product Demand, 2011 - 2031

    12. 12 Regional Trends

      $1,234.00

      1. 12.1 Demand by Region

        $323.00

        1. Table | Precast Concrete Product Demand by Region, 2011 - 2031

        2. Figure 12-1 | Precast Concrete Product Demand by Region, 2011 - 2031

      2. 12.2 Northeast

        $323.00

        1. 12.2.1 Demand by Subregion

          $323.00

          1. Table | Northeast: Precast Concrete Product Demand by Subregion, 2011 - 2031

        2. 12.2.2 New England

          $323.00

          1. Figure 12-2 | New England Precast Concrete Product Demand, 2005 - 2026

        3. 12.2.3 Middle Atlantic

          $323.00

          1. Figure 12-3 | Middle Atlantic Precast Concrete Product Demand, 2005 - 2026

      3. 12.3 Midwest

        $323.00

        1. 12.3.1 Demand by Subregion

          $323.00

          1. Table | Midwest: Precast Concrete Product Demand by Subregion, 2011 - 2031

        2. 12.3.2 East North Central

          $323.00

          1. Figure 12-4 | East North Central Precast Concrete Product Demand, 2005 - 2026

        3. 12.3.3 West North Central

          $323.00

          1. Figure 12-5 | West North Central Precast Concrete Product Demand, 2005 - 2026

      4. 12.4 South

        $329.00

        1. Table | South: Precast Concrete Product Demand by Subregion, 2011 - 2031

        2. 12.4.1 South Atlantic

          $323.00

          1. Figure 12-6 | South Atlantic Precast Concrete Product Demand, 2005 - 2026

        3. 12.4.2 East South Central

          $323.00

          1. Figure 12-7 | East South Central Precast Concrete Product Demand, 2005 - 2026

        4. 12.4.3 West South Central

          $323.00

          1. Figure 12-8 | West South Central Precast Concrete Product Demand, 2005 - 2026

      5. 12.5 West

        $323.00

        1. Table | West: Precast Concrete Product Demand by Subregion, 2011 - 2031

        2. Figure 12-9 | Mountain Precast Concrete Product Demand, 2005 - 2026

        3. Figure 12-10 | Pacific Precast Concrete Product Demand, 2005 - 2026

    13. 13 Industry Structure

      $2,778.00

      1. 13.1 Key Findings & Industry Composition

        $387.00

        1. Table | Precast Concrete Product Sales by Company, 2021

      2. 13.2 Market Share

        $338.00

        1. Figure 13-1 | US Precast Concrete Product Market Share, 2021

        2. Figure 13-2 | Projected US Precast Concrete Product Market Share, 2022

        3. Figure 13-3 | US Precast Concrete Product Market: Leading Supplier, 2021

        4. Figure 13-4 | US Precast Concrete Product Market: Second Leading Supplier, 2021

        5. Figure 13-5 | US Precast Concrete Product Market: Third Leading Supplier, 2021

        6. Figure 13-6 | US Precast Concrete Product Market: Fourth Leading Supplier, 2021

      3. 13.3 Mergers & Acquisitions

        $768.00

        1. Table | Selected Mergers & Acquisitions

      4. 13.4 List of Industry Participants

        $1,279.00

        1. Table | Selected Industry Participants

    14. 14 Appendix

      $4,062.00

      1. 14.1 Report Details

        $323.00

        1. Table | Relevant Industry Codes

        2. Table | Relevant HS/HTS Codes

      2. 14.2 Definitions

        $323.00

      3. 14.3 Abbreviations

        $323.00

        1. Table | Abbreviations & Acronyms Used in Study

      4. 14.4 Freedonia Methodology

        $587.00

      5. 14.5 Study-Specific Methodology

        $323.00

      6. 14.6 Sources

        $323.00

      7. 14.7 Associations & Agencies

        $323.00

      8. 14.8 Related Studies & Reports

        $323.00

      9. 14.9 Macroeconomic Assumptions

        $2,721.00

        1. 14.9.1 Economic Environment

          $323.00

          1. Table | Macroeconomic Indicators, 2011 - 2031

        2. 14.9.2 Demographic Trends

          $323.00

          1. Table | Population & Households, 2011 - 2031

        3. 14.9.3 Consumer Spending

          $323.00

          1. Table | Personal Consumption Expenditures, 2011 - 2031

        4. 14.9.4 Consumer Financing

          $323.00

          1. Table | Consumer Financing Environment, 2011 - 2021

        5. 14.9.5 Residential Building Construction

          $323.00

          1. Table | Residential Building Construction Expenditures, 2011 - 2031

        6. 14.9.6 Residential Improvements & Repairs

          $323.00

          1. Table | Residential Improvement & Repair Expenditures, 2011 - 2031

        7. 14.9.7 Commercial Building Construction

          $323.00

          1. Table | Commercial Building Construction Expenditures, 2011 - 2031

        8. 14.9.8 Commercial Building Improvements & Repairs

          $323.00

          1. Table | Commercial Building Improvement & Repair Expenditures, 2011 - 2031

        9. 14.9.9 Nonbuilding Construction Expenditures

          $323.00

          1. Table | Nonbuilding Construction Expenditures, 2011 - 2031

        10. 14.9.10 Housing Stock

          $944.00

          1. Table | Housing Stock by Type, 2011 - 2031

          2. Figure 14-1 | Housing Stock: Share by Year of Construction, 2021

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