UK Precast Concrete Market - Forecast(2023 - 2028)

Report Code: CMR 1268 Report Format: PDF + Excel

UK Precast Concrete Market Overview

UK Precast Concrete Market size is expected to be valued at US$6.7 billion by the end of the year 2027 and is set to grow at a CAGR of 6.8% during the forecast period from 2022-2027. The increase in the demand for structural building components such as girders, pillars, paving slabs, staircases and sections are majorly driving the UK precast concrete market. The demand for precast concrete is increasing due to the properties provided by precast concrete such as dimensional accuracy, better quality critical elements, design flexibility, and faster erection. Furthermore, the growing emphasis on cost-effective and low-maintenance building products is also highly driving the UK precast concrete market. The increase in demand from the residential and construction sectors is also driving the UK precast concrete market.

COVID-19 impact

During the Covid-19 pandemic, the UK Precast Concrete market witnessed an exponential decrease in the growth of the market owing to the many restrictions following the covid-19 pandemic. The inter-state and inter-country restrictions in the UK affected the imports and exports of the UK. The distribution and supply chain of the UK precast concrete market was also affected due to the economic shutdown. The sales gradually decreased as there were no construction activities taking place in the UK during the Covid-19 pandemic. The situation however improved during the end of the year 2020 and is expected to further improve in the coming months of the year 2021.

Report Coverage

The report: “UK Precast Concrete Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the UK Precast Concrete Industry.

By Product Type: Structural Building Components and Transportation Products.
By Application: Precast Concrete Flooring, Precast Concrete Stairs, Precast Concrete Walls, Building Exteriors, Civil Products, Precast Concrete Barriers, Precast Interlocking Concrete Blocks, Precast Ballast, and Kent ledges, Precast Concrete Hoarding Blocks, Solar Panel Ballast Blocks, Bespoke Precast Products, and Others.
By End-Use Industry: Building & Construction, Agriculture and Others

Key Takeaways

  • The increase in demand for efficient and price-worthy building products is driving the demand for UK precast concrete market.
  • The increasing demand from the residential construction and commercial construction sector is driving the demand for UK precast concrete market.
  • Amid the Covid-19 pandemic, the UK precast concrete market was highly affected by the various economic restrictions laid by the UK government. The UK precast concrete market is however set to improve by the year ending 2021.

Figure: UK Precast Concrete Market Revenue, 2021-2027 (US$ Billion)

UK Precast Concrete Market Revenue

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UK Precast Concrete Market Segment Analysis – By Product Type

Structural Building Components held the largest share of 55% in the product type segment of the UK precast concrete market in the year 2021. Structural building components include beams, headers, trusses, panels, curbs, and others. The increase in demand for sustainable and eco-friendly building products is increasing the demand for structural building components in the UK precast concrete market. The increasing awareness about cost-effective and low-maintenance building materials is also driving the structural building components segment of the UK precast concrete market. Structural building components of precast concrete helps in reducing the time involved in the installation, repair, and maintenance which is one of the factors majorly driving the UK precast concrete market.

UK Precast Concrete Market Segment Analysis – By Application

Precast concrete walls held the largest share of 30% in the UK precast concrete market in the year 2021. Structural components such as beams and columns are extensively used in the residential and commercial construction sector. Beams and columns are used in both building and non-building structures, which is highly driving the precast concrete walls segment. The increasing private and public expenditure in infrastructural projects is driving the growth of the installation of both building structures and non-building structures in the region which is eventually driving the beams and columns segment in the UK precast concrete market. According to the National Infrastructure Delivery Plan by the UK government, an amount of US$112.34 billion has been allocated for public infrastructure for the year 2020-2021. This is contributing to the demand for beams and columns segment in the UK precast concrete market.

UK Precast Concrete Market Segment Analysis – By End-Use Industry

The building and construction segment held the largest share of 45% in the UK precast concrete market in the year 2021. The increasing application of precast concrete products in the building and construction sector such as beams, columns, headers, panels, and others is driving the building and construction sector in the UK precast concrete market. According to the Office for National Statistics, Europe, the monthly construction output in the UK grew by 5.8% in March 2021, with an increase of 6.7% in new works and an increase of 4.4% in repair and maintenance activities. The output for March 2021 was valued at US$391.61 million in the UK. This is driving the demand for precast concrete structural components in the building and construction segment of the UK precast concrete market.

UK Precast Concrete Market Drivers

Implementation of policies for sustainable buildings in the UK

The increase in demand from the construction sector, (both residential and commercial construction sector) is driving the demand for UK precast concrete market. The demand for structural building components due to various advantages such as quick installation, more options, easy maintenance, and less cost is highly driving the UK precast concrete market. According to the European Commission, the European Union’s Europe 2020 goals were set for smart and sustainable growth that has an impact on the quality of the buildings, which is increasing the demand for the precast concrete market in the UK. The construction sector of the UK region provides 9% of the total GDP in the economy. This is one of the major factors driving the UK precast concrete market. 

Increasing demand for cost-effective and low maintenance building products

The increase in demand for cost-effective and low maintenance building products from commercial and residential construction sector is driving the demand for UK precast concrete market. The demand for pre-cast concrete products such as precast concrete flooring, precast concrete staircases, precast concrete walls, building exteriors, posts, curbs, precast concrete blocks, precast concrete ledges, paving slabs and other precast products are driving the UK precast concrete market. The increase in demand for low maintenance and quick installation products is eventually increasing the demand for precast products. This is one of the major factors driving the UK precast concrete market.

UK Precast Concrete Market Challenges

Volatile raw materials prices

The volatile nature of the price of raw materials in the UK is one of the major restraints of the UK precast concrete market. The frequently changing prices of raw material is one of the challenges faced by the UK precast concrete market. According to the Department of Business, Energy and Industrial (BEIS), the building materials (such as cement, aggregates and sand) in UK increased by 7.8% in the march 2021. The increase in the prices of materials like cement, aggregates and sand, which is used as raw material in producing precast concrete is acting as one of the major challenge to the UK precast concrete market.

UK Precast Concrete Industry Outlook

Facility expansion, production expansion, collaborations, partnerships, investments, acquisitions and mergers are some of the key strategies adopted by players in the UK Precast Concrete Market. Major players in the UK Precast Concrete Market include:

  1. Milbank Concrete Products Limited
  2. JP Concrete Products Ltd.
  3. Moore Concrete Products Ltd.
  4. EKC Systems Ltd.
  5. 3D Art Factory Ltd.
  6. Albion Architectural Concrete (The Stone Cellar Company)
  7. Althon Limited
  8. Amber Valley Stone Ltd.
  9. Belfast Minimix and Precast Concrete
  10. Burran McAuley Construction Ltd.
  11. Carlow Concrete Tanks
  12. CB Precast Flooring Limited among others.

Acquisitions/Technology Launches

In November 2020, Moore Concrete Products Ltd released a new precast concrete product ‘XL Safety Slat’ in 2 thicknesses, 178mm (7”) deep up to 4572mm (15’) and 250mm (10”) up to 5000mm (16’ 5”) in length. This product facilitates larger modern day larger slurry pumps, and promotes safety to the surroundings.

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1. UK Precast Concrete Market- Market Overview
    1.1 Definitions and Scope
2. UK Precast Concrete Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. UK Precast Concrete Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.1.1 Comapny Benchmarking- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. UK Precast Concrete Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. UK Precast Concrete Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. UK Precast Concrete Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. UK Precast Concrete Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. UK Precast Concrete Market – By Product Type (Market Size -$Million/Billion)
    8.1 Structural Building Components
    8.2 Transportation Products
9. UK Precat Concrete Market – By Application (Market Size -$Million/Billion)
    9.1 Precast Concrete Flooring
        9.1.1 Beam Block Concrete Flooring
        9.1.2 Hollow-Core Concrete Flooring
        9.1.3 Insulated Warm-Floor Flooring
        9.1.4 Ground Beams
        9.1.5 Others
    9.2 Precast Concrete Stairs
        9.2.1 Bull Nose Steps
        9.2.2 Spiral
        9.2.3 Others
    9.3 Precast Concrete Walls
        9.3.1 Retaining walls
            9.3.1.1 Heavy Duty Retaining Walls
            9.3.1.2 Bolt down Walls
            9.3.1.3 Agri Retaining Walls
        9.3.2 Free Standing Wall
        9.3.3 Cantilever Retaining Wall Panels
        9.3.4 Pre-stressed Wall Panels
        9.3.5 Bunker Walls
        9.3.6 Others
    9.4 Building Exteriors
        9.4.1 Chimney Copings and True Flues
        9.4.2 Corbels and Roof Slabs
        9.4.3 Parapets
        9.4.4 Wall Copings and Pillar Caps
        9.4.5 Others
    9.5 Civil Products
        9.5.1 Slurry Channels
        9.5.2 Bridges
        9.5.3 Posts
        9.5.4 Strain posts
        9.5.5 Curbs
        9.5.6 Graveyard Surrounds
        9.5.7 Others
    9.6 Precast Concrete Barriers
        9.6.1 Flag Pole Holder
        9.6.2 Gate Posts
        9.6.3 Water Troughs
        9.6.4 Others
    9.7 Precast Interlocking Concrete Blocks
    9.8 Precast Ballast and Kent ledges
    9.9 Precast Concrete Hoarding Blocks
    9.10 Solar Panel Ballast Blocks
    9.11 Bespoke Precast Products
    9.12 Others
10. UK Precast Concrete Market - By End-Use Industry (Market Size -$Million/Billion)
    10.1 Residential construction
        10.1.1 Independent homes
        10.1.2 Row homes
        10.1.3 Large apartment buildings
    10.2 Commercial construction
        10.2.1 Hospitals and Healthcare Infrastructure
        10.2.2 Educational Institutes
        10.2.3 Hotels and Restaurants
        10.2.4 Banks and Financial Institutions
        10.2.5 Airports
        10.2.6 Hyper and Super Market
        10.2.7 Shopping Malls
        10.2.8 Others
    10.3 Industrial Construction
    10.4 Infrastructure
        10.4.1 Roads
        10.4.2 Bridges
        10.4.3 Military Construction
        10.4.4 Others
    10.5 Others
11. UK Precast Concrete Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. UK Precast Concrete Market – Market Share Analysis Premium
    12.1 Market Share at C0ountry Level - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
13. UK Precast Concrete Market – Key Company List by Country Premium Premium
14. UK Precast Concrete Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"