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Assessing the COVID-19 Effect: Precast Concrete Manufacturers Face Substantial Impediments amid Pandemic; Material and L

Buoyant with expansion of housing projects, particularly across developing economies, and the establishment of green building as a preferred industry trend, precast concrete continues to be in demand. The precast concrete market is projected to expand 1.5X at a 5.3% CAGR during the forecast period (2020-2030). Prior to the pandemic, the strong growth of housing and commercial construction projects has been an essential factor influencing the growth of the precast concrete industry. The COVID-19 outbreak however has adversely impacted supply chains, logistics, and workforce. The challenge to market growth has been further compounded by decelerating demand. The demand for precast concrete will steadily recover once the pandemic subsides, reveal FMI's projections.

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Assessing the COVID-19 Effect: Precast Concrete Manufacturers Face Substantial Impediments amid Pandemic; Material and L

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  1. Precast Concrete Market JULY 2020 Report Id : REP-GB-11579 Published on : 2020-05-13 Category : Chemicals and Materials www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework,and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Precast Concrete Market Analysis Buoyant with expansion of housing projects, particularly across developing economies, and the establishment of green building as a preferred industry trend, precast concrete continues to be in demand. The precast concrete market is projected to expand 1.5X at a 5.3% CAGR during the forecast period (2020-2030). Prior to the pandemic, the strong growth of housing and commercial construction projects has been an essential factor influencing the growth of the precast concrete industry. The COVID-19 outbreak however has adversely impacted supply chains, logistics, and workforce. The challenge to market growth has been further compounded by decelerating demand. The demand for precast concrete will steadily recover once the pandemic subsides, reveal FMI's projections. "The pandemic has had an effect greater than the 2008 global recession on the precast concrete market. Delays in construction projects across the globe has decimated the demand for precast concrete. Notable shortages of labor, cash flow, and raw material, has also forced governments to postpone infrastructure projects. However, demand will recover post the end of the pandemic," says the FMI analyst. Request at https://www.futuremarketinsights.com/reports/sample/rep-gb-11579 report sample with 250+ pages to gain in-depth market insights www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Precast Concrete Market Analysis Precast ConcreteMarket - Key Takeaways • Structural building components made from precast concrete are anticipated to witness strong growth accounting for more than 44% of the overall market value. • Transportation product sales will rise substantially on account of investments in developing countries for rail and road infrastructure. • Infrastructure applications of precast concrete will remain essential to revenue generation, driven by government investments around the globe. • North America and Europe will collectively remain the leading regional markets, with South Asia gaining substantial value share in housing and commercial building sectors. Precast ConcreteMarket - Key Driving Factors • Modernization drives of infrastructure in emerging economies, drive adoption of precast concrete contributing to market growth. • Expansion of the housing market in developing countries and sustainable construction practices will generate remunerative opportunities. . www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Precast Concrete Market Analysis The AnticipatedImpact of Coronavirus Pandemic The global pandemic has disrupted supply chains, pushing headwinds towards precast concrete producers. The outbreak has resulted in shortage of logistics, raw materials, and workforce. Key players have been forced to dip into their cash reserves. As the global construction sector comes to a stop, the demand for precast concrete has slid sharply. In addition, the trade restrictions imposed by governments have also had an adverse effect on the market. The precast concrete industry will be able to mitigate some of the losses in the form of government aid and tax exemptions. The recovery of the industry is largely reliant on the development of COVID-19 vaccines and success of countries. Manufacturers are tracking development in high potential and growth regions to leverage their services post the end of the pandemic and associated restrictions. Explore the global precast concrete market report with 129 illustrative figures, 54 data tables and the table of contents. You can also find on https://www.futuremarketinsights.com/askus/rep-gb-11579 a comprehensive market segmentation CompetitionLandscape The precast concrete market is largely fragmented. Key players in the precast concrete market are ELO Beton, Boral Ltd., Spancrete, Lafarge, Tindall Corporation, Gulf Precast Concrete, Forterra, Olson Precast Co., and CEMEX S.A.B. de C.V. Majority of these players are seeking to develop high-performance and cost-efficient products. Producers are also leveraging industrial automation and advanced materials to bolster structural integrity, cost-efficiency, and eco- friendliness of their products. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Precast Concrete Market Analysis ExploreExtensiveCoverageof FMI's Chemicals & Materials Landscape Wood Pellets Market: Find detailed insights on the global wood pellets market with segment-wide analysis, market statistics, influencing factors, prominent players and developmental strategies adopted by market players for a 10-year forecast period. Electronics Adhesives Market: FMI's report on the global electronics adhesives market offers commentary on the market poised for prolific growth during 2020-2030. The study covers evaluation of impacting forces, revenue sources, market leaders and market strategies. Thioesters Market: Get a deep-dive analysis on the thioesters market with essential insights on growth levers, opportunities, restraints, regulatory policies, regional market forecast and key forte of market leaders. About FMI Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the chemicals & materials sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help. Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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