3 Key Insights on Competitive Landscape in Global Precast Concrete Market - Ken Research

Country-Niche Players and Regional Players constitute ~55% and ~35% of competition respectively Despite the Presence of about ~200 Competitors, find a Recent Market Study on Global Precast Concrete Market.

Precast concrete is a building material created by pouring concrete into a recyclable form. The available mold is once again treated in a controlled setting before being transported to the construction site and used.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

Large Global Players Hold Around 40% of the Market Share Followed by Regional Players Holding ~35% of the Market Share

A comprehensive competitive analysis conducted during the Research Study found that the Global Precast Concrete Market is competitive with ~200 players which include globally diversified players, and regional players, as well as a large number of country-niche players.

According to the research, the Large Global Players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by regional players which account for ~35% of the market share. Key Players are implementing organic and inorganic methods to preserve market dominance and have also made significant investments in the creation of sustainable construction goods. The players employ alliances with construction firms and raw material suppliers to broaden their footprint internationally and keep up with the competition.

Players are Increasingly Investing in the Precast Concrete which is Promoting the Market Growth.

The market now has a large number of top players, which has raised competition and led to more product launches.

To increase their worldwide presence, several of the players are also seeking strategic mergers and acquisitions. In the meantime, tier-1 players are expanding their sales channels and launching cutting-edge products to meet the strict requirements for high quality and energy efficiency.

In December 2021, LafargeHolcim in the United States announced the acquisition of Marshall Concrete Products, a longstanding and trusted supplier of concrete products and services in Minneapolis/St. Paul and the greater Twin Cities (MN) metropolitan area. This acquisition expands the footprint of local Aggregate Industries operations, part of the LafargeHolcim family of companies in the USA. The acquisition's primary focus is on residential and light commercial customers which will enhance Aggregate Industries' current residential and light commercial offerings, benefiting all sectors served including infrastructure and industrial customers.
In January 2022, the Odisha government focused on urbanization and industrialization. The continued economic backwardness of Odisha can be overcome with rapid industrialization and urbanization. It is found that the economically developed States of India are also the most urbanized and industrialized such as Tamil Nadu and Karla. The industrialization process of a State depends on political will and patronization of Government without which it is almost impossible. Already, Odisha has missed many opportunities and a further delay in industrialization for any kind of reason will have wider ramifications for the overall development of the State.

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Increased Adoption of Precast Concrete in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

In December 2020, CEMEX launched Vertua, it's brand of low-carbon ready-mix concrete, in the US after its successful introduction in Mexico and Europe. The range consists of Vertua Classic, Vertua Plus, and Vertua Ultra.
In December 2021, Holcim US acquired Marshall Concrete Products, a longstanding and trusted supplier of concrete products and services in Minneapolis/St. Paul and the greater Twin Cities (MN) metropolitan area. This acquisition expands the reach of local Aggregate Industries operations, which are part of the Holcim family of companies in the United States.
In April 2020, Tindall Corp., a producer of structural and architectural precast, prestressed solutions, announced to increase in business in Spartanburg County. The utility division manufacturing facility will be built by Tindall Corp., at 2877 Fairforest Clevedale Road in Spartanburg to boost output and broaden its product line.

Key Topics Covered in the Report

Snapshot of the Global Precast Concrete Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Precast Concrete Market
Historic Growth of the Overall Global Precast Concrete Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Precast Concrete Market
Overview, Product Offerings, and SWOT Analysis of Key Competitors
COVID-19 Impact on the Overall Global Precast Concrete Market
Future Market Forecast and Growth Rates of the Total Global Precast Concrete Market and by Segments
Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
Analysis of the Precast Concrete Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Country

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Major Players Mentioned in the report

LafargeHolcim
ARTO
Sauereisen
Kijlstra precast Ltd
Carlow Precast Concrete Engineering
Qingdao Qingde Precast Accessories Co., Ltd.
Great Magtech (Xiamen) Electric Co., Ltd
Tindall
Oldcastle Infrastructure
Boral Limited
Forterra

Notable Emerging Companies Mentioned in the Report

Atlas Group
Bex technology
Cuby technology
Minolite
PLINX

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Precast Concrete Producers
Precast Concrete Structures Providers
Construction Equipment Companies
Chemical Manufacturers
Organic Building Materials Manufacturers
Construction Sector Policy Makers
Construction Regulation Authorities
Architecture Firms
Construction Tech Investors
Chemicals Products Suppliers
Precast Solution Providers
Potential Investors in Construction Industry
PE and VC Firms focused on Construction Industry

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For more information on the research report, refer to below link:

https://www.kenresearch.com/business-research/global-precast-concrete-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.