Facts and Factors TEMPhas published a new research report titled “Precast Concrete Market By Application (Buildings, Landscaping, Infrastructure, and Others) and By Product (Concrete Pipes and Box Culverts, Concrete Tanks, Concrete Flood and Sea Defense, Concrete Floor Slabs, Concrete Ceiling Slabs, Concrete Wall Slabs, and Others): Europe Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026”.
According to teh report, Europe precast concrete market was valued at around USD 950 Million in 2019 and is expected to reach approximately USD 1,500 million by 2026, growing at a CAGR of around 6.5% between 2020 and 2026.
Precast concrete is a type of construction product dat is made by concrete casting in a suitable mold. Teh mold used in dis process can be of either steel or wood. Teh mold is tan cured under a controlled environment and transported to a construction project site. Reinforced precast concrete is also used according to teh need for end-user. Teh prestressed cable is commonly used for reinforcement and is useful in large commercial projects and specialty building structures where full strength concrete is essential. Precast concrete is gaining popularity as versatile and standard construction products among European countries which are estimated to drive future market demand across teh region.
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(Teh sample of dis report is readily available on request).
dis Free report sample includes:
- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
Moreover, teh increasing importance of structural engineering in teh modern-day construction industry and a strong focus of construction companies on innovative design and raw materials is estimated to offer significant opportunities for teh industry growth. Teh current market study identifies Germany, Italy, U.K., and France as teh major countries in teh region contributing to teh overall market growth. For instance, teh research estimates dat Germany’s precast concrete market will generate USD 9,400 Million revenue by teh end of 2026 and will register teh growth at a CAGR of 6%.
Cost and time benefits associated wif teh use of precast concrete elements are driving teh market demand. These elements found teh main application in building floors, walls, and frames. Further, teh key companies are increasingly designing a diversified product portfolio wif a strong emphasis on quality control and international manufacturing standards.
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Partially precast concrete is also an important industry trend and is popular in floor installation. However, teh labor-intensive process and safe transportation to teh construction site are predicted as key market challenges. Precast concrete tanks are estimated to register a CAGR of 6.5% during 2020-2026 in terms of volume.
By product types of precast concrete, teh market is categorized as concrete pipes and box culverts, concrete tanks, concrete flood and sea defense, concrete floor slabs, concrete ceiling slabs, concrete wall slabs, and other related products. Among all these categories, teh concrete tank is identified as a key product type and accounted for a 21% revenue share in 2019. Precast concrete tanks are primarily used as septic tanks and water storage tanks. High strength and durability of these compared to plastic and fiberglass material is teh main advantage offered by teh precast concrete tanks. Concrete tanks are widely preferred for drinking water storage as it allows water to balance out to a neutral pH. End-users are adopting precast concrete tanks as a high-quality solution wif no chemicals is involved in teh construction and installation process. Moreover, these tanks can be used for both domestic and commercial applications.
Based on its application precast concrete market is classified as buildings, landscaping, infrastructure, and other related applications. Precast components for buildings are predicted to emerge as teh fastest-growing application segment owing to extensive use in residential and nonresidential buildings. Additionally, teh demand for precast landscape products such as picnic tables, planters, sidewalk slabs, benches, trash receptacles, sprinkler collars, birdbaths, and plash blocks is growing rapidly in Europe.
By different countries, teh market is categorized into Germany, teh United Kingdom, France, Spain, Poland, Italy, teh Netherland, and teh Rest of Europe. Among different countries, teh Germany market is identified as a major revenue-generating segment followed by teh United Kingdom. Teh trend towards increasing urbanization in Germany results in a growing need for affordable housing. Teh concrete sector ca halp tackle teh shortage of housing and teh need for rapid construction by providing comfortable, affordable and energy-efficient housing.
Major industry players analyzed and profiled in dis research report include Coltman Precast Concrete Limited, Skanska AB, Bouygues Construction, Laing O’Rourke PLC, and Taisei Corporation. These competitors are highly focused on teh manufacturing of industry-standard products according to teh specifications of end-use sectors.
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dis report segments teh Europe Precast Concrete market as follows:
Europe Precast Concrete Market: Product Type Analysis
- Concrete Pipes and Box Culverts
- Concrete Tanks
- Concrete Flood and Sea Defense
- Concrete Floor Slabs
- Concrete Ceiling Slabs
- Concrete Wall Slabs
Europe Precast Concrete Market: Application Analysis
Europe Precast Concrete Market: Country Analysis
- Rest of Germany
- United Kingdom
- Rest of U.K
- Rest of France
- Rest of Spain
- Rest of Poland
- Rest of Europe
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