Precast Concrete Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 32739Revenue
$17.4bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
59,402
Businesses
1,453
Wages
$X.Xbn
Precast Concrete Manufacturing in the US industry analysis
The industry supplies US building and infrastructure construction markets with one of the most ubiquitous inputs for large-scale construction projects. Products made by manufacturers range from slabs and roof tiles for apartments to beams and trusses for bridges and highways. Manufacturers also produce precast manholes, water retention structures and catch basins for water infrastructure and concrete panels, posts and poles to erect electrical distribution facilities. This industry is heavily influenced by overall construction activity in the United States, as most industry revenue comes from various construction markets. Residential and infrastructure construction specifically were responsible for stable revenue flows during the challenges of the pandemic while other industries struggled. Over the past five years, revenue has grown at a CAGR of 0.8% to $17.4 billion, including an expected increase of 1.9% in 2024 alone. However, profit has declined over the past five years.
Trends and Insights
- Federal infrastructure spending drives demand from key buyers, especially as rising interest rates deter companies from starting new projects. The nation’s utilities and roadways are constantly being repaired, driving the need for precast concrete structures.
- The utilities construction market is the industry's largest buyer. These facilities are constantly updated, leading to steady demand for precast concrete.
- Transportation costs are high. Manufacturers will locate near suppliers and key markets to limit costs.
- Manufacturers secure contracts with suppliers. Successful precast concrete manufacturers leverage established networks to source less expensive materials than competitors.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $17.4bn in 2024.
Trends and Insights
Infrastructure spending drives growth
- Two federal multiyear funding packages have uplifted the transportation infrastructure market: the Fixing America's Surface Transportation (FAST) Act and the Bipartisan Infrastructure Act (also known as the IIJA).
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The green energy shift creates demand for new utilities infrastructure
- As the United States population grows, more significant investments will be needed to maintain the country's already aging energy infrastructure system. In particular, power, water and sewage systems need constant upkeep and upgrades.
Biggest companies in the Precast Concrete Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Oldcastle Inc. | 1,136.1 | 92.9 | 8.2 | |
Forms And Surfaces, Inc. | 69.0 | 3.3 | 4.8 | |
Grupo Rotoplas S A B De C V | 26.5 | 1.3 | 4.8 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Precast concrete products, Precast building systems and components and Prestressed concrete products. Precast concrete products is the largest segment of the Precast Concrete Manufacturing in the US.
Trends and Insights
Precast concrete segment hurt by rising interest rates
- Manufacturers make casting concrete from concrete placed in a reusable mold. This cast is cured in a controlled environment, transported to the construction site and lifted into place. Precast concrete products are the majority of the industry's sales. Between precast concrete products and precast building systems, this segment makes up more than 80.0% of the market.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Clay Brick & Product Manufacturing in the US
Complementors
- Masonry in the US
- Ready-Mix Concrete Manufacturing in the US
- Concrete Pipe & Block Manufacturing in the US
International industries
- Precast Concrete Manufacturing in Canada
- Concrete Product Manufacturing in Australia
- Concrete Construction Product Manufacturing in the UK
- Concrete Construction Product Manufacturing in Ireland
- Cement Product Manufacturing in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Precast concrete product manufacturingPrestressed concrete product manufacturing Other concrete product manufacturingCompanies
Oldcastle Inc.Forms And Surfaces, Inc.Grupo Rotoplas S A B De C VPurchase this report to view all 7 major companies in this industry.
Related Terms
PRECAST CONCRETEPRESTRESSED CONCRETECONCRETE BEAMCONCRETE TRUSSESCONCRETE CULVERTSCUREIndustry Code
NAICS 32739 - Precast Concrete Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Federal infrastructure spending drives demand from key buyers, especially as rising interest rates deter companies from starting new projects. The nation’s utilities and road...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The utilities construction market is the industry's largest buyer. These facilities are constantly updated, leading to steady demand for precast concrete.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Transportation costs are high. Manufacturers will locate near suppliers and key markets to limit costs.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Manufacturers secure contracts with suppliers. Successful precast concrete manufacturers leverage established networks to source less expensive materials than competitors.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Major manufacturers struggle to expand their reach. High transportation costs eliminate competition on the national level and reduce the amount of international trade.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Oldcastle Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Forms And Surfaces, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Grupo Rotoplas S A B De C V's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 4 additional companies
Detailed analysis
- Description and key data for Oldcastle Inc., and factors influencing its performance in the industry
- Description and key data for Forms And Surfaces, Inc., and factors influencing its performance in the industry
- Description and key data for Grupo Rotoplas S A B De C V, and factors influencing its performance in the industry
- Description, key data and performance trends for 4 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry adheres to strict environmental regulations regarding emissions and dangerous materials. Precast concrete must also pass OSHA standards for load-bearing and safe...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry has high purchasing costs. Significant cement price changes, like in 2022, can chip away at profitability.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Precast Concrete Manufacturing in the US industry in United States in 2024?
The market size of the Precast Concrete Manufacturing in the US industry in United States is $17.4bn in 2024.
How many businesses are there in the Precast Concrete Manufacturing in the US industry in 2024?
There are 1,453 businesses in the Precast Concrete Manufacturing in the US industry in United States, which has declined at a CAGR of 0.7 % between 2019 and 2024.
Has the Precast Concrete Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Precast Concrete Manufacturing in the US industry in United States has been growing at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Precast Concrete Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Precast Concrete Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Precast Concrete Manufacturing in the US market in United States?
The biggest companies operating in the Precast Concrete Manufacturing market in United States are Oldcastle Inc., Forms And Surfaces, Inc. and Grupo Rotoplas S A B De C V
What does the Precast Concrete Manufacturing in the US in United States include?
Precast concrete product manufacturing and Prestressed concrete product manufacturing are part of the Precast Concrete Manufacturing in the US industry.
Which companies have the highest market share in the Precast Concrete Manufacturing in the US in United States?
The company holding the most market share in United States is Oldcastle Inc..
How competitive is the Precast Concrete Manufacturing in the US industry in United States?
The level of competition is high and steady in the Precast Concrete Manufacturing in the US industry in United States.
