US Precast Concrete Market
U.S Precast Concrete Market Size And Forecast
According to Verified Market Research, the U.S Precast Concrete Market was valued at USD 15.50 Billion in 2018 and is projected to reach USD 25.24 Billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026.
U.S Precast Concrete Market Overview
The growth witnessed in the construction industry due to an increased number of infrastructure transformation projects across the United States owing to urbanization has placed a huge demand for precast concrete, thereby driving the market positively. With construction using precast concrete, load-bearing walls, floors, substitutes frames and skeleton structures are used, there is no additional bracing system required, leading to further reduction in costs. Thus, reduced economic costs is another factor driving the market. However, volatility in transportation costs acts as a restraint for the overall market.
U.S Precast Concrete Market: Segmentation
The U.S Precast Concrete Market is segmented on the basis of end-user, elements, construction type, and geography.
U.S Precast Concrete Market Competitive Landscape:
The United States Precast Concrete Market is highly fragmented with the presence of a large number of players. Some of the major companies include Concrete Pipe & Precast, LLC, Tindall Corporation, Oldcastle Inc., Metromont Corporation, CEMEX, American Precast Concrete, Inc., Kawneer and NAPCO Precast, LLC.
Oldcastle Inc. is one of the top five players for the US Precast Concrete market.
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