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North America Precast Concrete Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Structure System and End Use

North America Precast Concrete Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Structure System and End Use

  • July 2021
  • 103 pages
  • ID: 6134752
  • Format: PDF
  • The Insight Partners

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The precast concrete market in North America is expected to reach US$ 49,049.32 million by 2028 from US$ 32,019.67 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. Renovation involves reconstructing infrastructural facilities with modern and advanced construction materials to promote the structural properties of a building along with improving its life span and contributing to minimal environmental impact. Renovation and remodeling activities help align infrastructural facilities, which are compatible to present and future needs. With the rapid urbanization and industrialization, the demand for better residential and commercial facilities has risen rapidly. Additionally, requirement for cost-effective, safe, and eco-friendly products is among the other factors expected to positively influence the demand for precast concrete during the forecast period.
Based on structure system, the beam and column system segment led the North America precast concrete market in 2020.Precast structure systems are comprised of various shapes and components, such as beams and columns.

Beams are the structural components formed in one of three fundamental shapes, including rectangular, inverted tee beams, and L-beams.Beams are primarily utilized to support deck members such as solid slabs, double tees, hollow-core, and sometimes other beams.

Columns consist of multilevel components that support beams and spandrels in applications such as parking structures and precast concrete structure systems of all types.The main advantages of precast concrete structures such as beams and columns are increased construction speed and improved productivity, quality control, and cost-efficiency.

The precast beams and columns offer advantages including design flexibility, fast installation structures, sustainable construction, durability, long life, low maintenance, and moisture resistance. Precast beams and columns are widely used in the residential and commercial sectors.
The US has the highest number of COVID-19 confirmed cases among all key countries in North America.The outbreak is likely to impact the overall chemicals & materials industry in the region, including precast concrete.

North America is the significant contributor in the construction market.Owing to the rise in COVID-19 cases, various conferences—which are a medium to share information related to the latest technologies, product innovations, and trends in relevant markets; and help the companies realign their strategies—have been postponed or cancelled.

Cancellations of technological events have impacted the growth of the precast concrete market indirectly.
The overall North America precast concrete market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the North America precast concrete market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America precast concrete market. Abetong AB, Boral, CEMEX S.A.B. de C.V., Consolis, ELO Beton, Forterra, LafargeHolcim, Tindall Corporation, and Spancrete are a few major players operating in the market.

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