Stepping on cracks: Slowly rising government expenditure will prevent industry revenue from decreasing

Operators in the Precast Concrete Manufacturing industry in Canada design and manufacture products such as tiles, slabs, panels, culverts, manholes, beams and trusses. Volatile construction activity over the past five years has limited consistent demand for industry products. Construction markets often turn to operators that can deliver concrete products rapidly and on tight project deadlines. In addition, markets often require the product to be customized in strength, durability and shape. As a result, the majority of operators are located near key construction markets, keeping the industry relatively fragmented. Moving forward, IBISWorld expects construction markets in Canada to improve slowly but more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Volatile construction activity has caused fluctuations in demand for industry products
  • Price-based competition has been exacerbated by the acceleration of imports in the domestic market
  • The broader economic recovery will ripple through the nonresidential construction sector
  • Industry Report - Industry SWOT Analysis Chapter

    This industry is in the mature stage of its life cycle despite a sluggish contribution to the economy. IBISWorld expects industry value added (IVA), which measures the industry’s contribution to the economy, to increase at an annualized rate of 1.3% over the 10 years to 2023. This is lower than Canada’s forecast GDP growth during the period, estimated at an annualized rate of 1.9%. This reflects volatile demand from residential and nonresidential Canadian construction markets during the period, limiting demand for industry products. IBISWorld expects IVA to match economic growth more closely as construction markets improve in the long run.The industry is mature for several reasons. Pre...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

  • Proximity to key markets
  • Upstream vertical integration (ownership links)
  • Downstream ownership links
  • IBISWorld analysts also discuss how external factors such as Government expenditure and investment and Value of 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?

    Operators in this industry manufacture 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 and poles, as well as prestressed bridge beams and trusses. The production of concrete blocks, bricks and pipes are excluded from this industry.

    Industry Products
  • Precast concrete products
  • Prestressed concrete products
  • Other concrete products
  • Industry Activities
  • Producing precast concrete
  • Producing prestressed concrete
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government expenditure and investment
  • Value of nonresidential construction
  • Value of residential construction
  • Canadian effective exchange rate index

  • Current Performance
  • Mixed demand from downstream markets
  • Higher profit margins
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Rebounding construction
  • Enduring competition
  • 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
  • Utilities In Canada
  • Apartment & Condominium Construction in Canada
  • Bridge & Elevated Highway Construction in Canada
  • Rail Transportation in Canada

  • Key Selling Industries
  • Cement Manufacturing in Canada
  • Sand & Gravel Mining in Canada
  • Stone Mining in Canada

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

  • Demand Determinants
    Major Markets
  • Water, sewer and waste construction
  • Electric utilities, energy and heavy industrial construction
  • Building construction
  • Transport infrastructure construction
  • Exports
  • Other construction
  • 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
    Armtec Infrastructure Inc.,
  • Table: Armtec Infrastructure 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
  • 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)
  • Value of nonresidential construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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; used for road crossings, irrigation and drainage.
  • Concrete Trusses
  • A structure comprising several triangular units; used to support building structures such as bridges.
  • Precast Concrete
  • Concrete shapes that have been cast in a reusable mold.
  • Prestressed Concrete
  • Concrete shapes that have been manufactured between steel reinforcement bars.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Precast Concrete Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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