Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Back to Press Releases

Precast Concrete Is Making Inroads Against Competitive Products in Structural Construction

by Corinne Gangloff

May 12, 2022

Cleveland OH, May 12, 2022 – 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, according to a new Freedonia Group analysis. 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.

US Precast Concrete Products Demand to Grow Nearly 6% Annually Through 2026

The Freedonia Group projects demand for precast concrete products to increase 5.9% per year to $18.5 billion in 2026. 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

Want to Learn More?

Precast Concrete Products provides historical data for 2011, 2016, and 2021 and forecasts to 2026 for precast concrete product demand in millions of dollars by product, market, and region and subregion.

Products:

  • structural building components
  • architectural building components
  • water handling products
  • other products, including transportation construction, utility, cemetery, agricultural, and marine products

Markets:

  • commercial and residential buildings
  • infrastructure
  • niche markets, including cemetery products, agricultural structures, landscaping, and consumer and commercial products

Regions (subregions):

  • 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)

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Lubricants Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.