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Precast Concrete Manufacturing in the US - Industry Market Research Report

  • August 2017
  • 34 pages
  • Ibisworld
Report ID: 4640156

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Strong foundation: The upswing of commercial building activity will buoy demand conditions for industry services

Abstract

Precast Concrete Manufacturing in the US



Over the five years to 2017, the Precast Concrete Manufacturing industry has grown substantially. Economic growth has improved business confidence and driven the growth of commercial and industrial construction activity, while simultaneously expanding the tax-based funding available for mass transit and other infrastructure projects. Although industry products are difficult to transport, imports have been increasing steadily causing some competition from less costly Chinese imports.

Over the five years to 2022, industry revenue is projected to continue growing, albeit at a slower rate. Revenue growth will stay closely linked to growth in downstream construction markets and increases in state and local outlays for infrastructure and municipal building construction.

However, the value of construction is expected to grow but at a slower rate than the previous period.

Additionally, operators are likely to remain competitive against imports by boosting production efficiency, expanding value added and more readily meeting general contractors’ tight deadlines.

This industry manufactures precast and prestressed concrete products for use in various construction markets. Industry products include precast concrete slabs and panels, building boards, roofing tiles, railroad ties, posts, poles, prestressed bridge beams and trusses. The production of concrete blocks, bricks and pipes is excluded from this industry. The production of ready-mix concrete is also excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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