Rock solid: The upswing of commercial building activity will build up demand for industry services

The Precast Concrete Manufacturing industry supplies US building and infrastructure construction markets with precast and prestressed concrete products. These products range from slabs and roof tiles for houses to beams and trusses for bridges and highways. 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. Over the five years to 2023, industry 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...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
53,808
Businesses
1,860
Market Share of Companies

Industry Threats & Opportunities

  • Economic growth has driven commercial and industrial construction activity, benefiting the industry
  • The industry is heavily reliant on domestic construction markets
  • The housing market’s continued growth is forecast to spread to other markets, supporting demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Precast Concrete Manufacturing industry is in the mature phase of its lifecycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to grow at an annualized rate of 1.9% over the 10 years to 2023, as compared with the projected annualized US GDP growth of 2.2% during the same period. Although IVA growth that is lower than US GDP typically conveys the characteristics of a declining industry, industry services have not altered significantly and the markets manufacturers serve has not changed. Therefore, the industry remains in a mature life cycle stage...purchase to read more.

    Additional Insights for the Precast Concrete Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Precast Concrete Manufacturing Industry are

  • Having contacts within key markets
  • Proximity to key markets
  • Upstream vertical integration (ownership links)
  • IBISWorld analysts also discuss how external factors such as Value of utilities construction and Value of private nonresidential construction in the Precast Concrete Manufacturing industry impact industry performance..

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    What's in this report

    What is the Precast Concrete Manufacturing Industry?

    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.

    Industry Products
  • Precast concrete products
  • Prestressed concrete products
  • Other concrete products
  • Industry Activities
  • Precast concrete product
  • Prestressed concrete product
  • Other concrete product
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of utilities construction
  • Value of private nonresidential construction
  • Demand from bridge and elevated highway construction
  • Trade-weighted index

  • Current Performance
  • Improving construction demand
  • International landscape
  • Consolidation and rising profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • International trade
  • Table: Precast Concrete Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Precast Concrete Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Home Builders
  • Industrial Building Construction
  • Bridge & Elevated Highway Construction
  • Transmission Line Construction
  • Heavy Engineering Construction
  • Rail Transportation
  • Commercial Building Construction
  • Road & Highway Construction

  • Key Selling Industries
  • Cement Manufacturing
  • Electric Power Transmission
  • Iron & Steel Manufacturing
  • Natural Gas Distribution
  • Sand & Gravel Mining
  • Stone Mining
  • Water Supply & Irrigation Systems

  • Products & Services
  • Precast concrete products
  • Prestressed concrete products
  • Other concrete products
  • Chart: Precast Concrete Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Utilities construction
  • Transport infrastructure construction
  • Building construction
  • Other
  • Chart: Major Market Segmentation for the Precast Concrete Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Precast Concrete Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Precast Concrete Manufacturing Industry

  • Industry Globalization
    Oldcastle Inc.,
  • Table: Oldcastle Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Precast Concrete Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Precast Concrete Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Price of cement (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Concrete Beam
  • A long piece of concrete spanning an open part of a building structure, such as a bridge.
  • Concrete Culverts
  • A precast concrete conduit for enclosing a flowing body of water; available in many shapes and sizes, including box, round and flat-bottomed and used for road crossings, irrigation and drainage.
  • Concrete Trusses
  • A structure comprising several triangular units used to support building structures such as bridges.
  • Cure
  • The process by which concrete becomes solid.
  • Precast Concrete
  • Concrete shapes that have been cast in a reusable mold; the product is cured in a controlled environment and then transported to the construction site for assembly.
  • Prestressed Concrete
  • Concrete shapes that have been manufactured through compression between steel reinforcement bars; used to produce more durable and stress-bearing concrete structures.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Precast Concrete Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Precast Concrete Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Precast Concrete Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Precast Concrete Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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