CLEVELAND , May 11, 2022 /PRNewswire/ -- Commercial buildings are the most important outlet for precast concrete products, as both the leading market and one of the fastest growing through 2026. According to a new Freedonia Group analysis, strong opportunities for demand in this market stem from:
a rebound in underlying construction following losses during the pandemic
greater use of precast concrete at the expense of competing materials
Precast concrete products are increasingly specified during the construction of a variety of commercial structures (including high-rise offices, hotels, and industrial buildings) because of their durability and uniformity, which is particularly important for large commercial buildings that require significant volumes of materials because it can speed construction. As skilled labor becomes more expensive and difficult to come by, efficiencies offered by precast products are growing in importance.
Structural Components to Be the Fastest Growing Product Type in the Commercial Building Market
Rising use of precast concrete products on such structures as childcare facilities, VA hospitals, and other healthcare facilities will support demand gains for precast concrete products in the commercial market, finds the analysis. Structural building components represent the largest category in demand terms, and will grow the fastest due to strong demand gains for:
precast concrete slabs, due to their durability and ability to reduce completion time
prefabricated building systems, as builders increasingly specify these products over site-built structures because they are quicker to construct
structural supports, as they are increasingly specified in high-rise commercial structures because of their tensile strength and uniformity
Architectural building components products are also used extensively in the commercial market for precast concrete products.
Precast Concrete Products provides historical data for 2011, 2016, and 2021 and forecasts to 2026 for precast concrete product demand in millions of dollars by product, market, and region and subregion.
other products, including transportation construction, utility, cemetery, agricultural, and marine products
niche markets, including cemetery products, agricultural structures, landscaping, and consumer and commercial products
Northeast (Middle Atlantic and New England)
Midwest (East North Central and West North Central)
South (South Atlantic, East South Central, and West South Central)
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact: Corinne Gangloff +1 440.842.2400 cgangloff@freedoniagroup.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/commercial-building-market-to-drive-demand-growth-for-precast-concrete-products-through-2026-301544895.html
Anyone positioning their portfolio for a recession could be making a big mistake.
(Bloomberg) -- DoubleLine Capital Chief Executive Officer Jeffrey Gundlach said the Federal Reserve should raise its target interest rate to 3% on Wednesday, calling for a hike that would be dramatically larger than what most forecasters are predicting.Most Read from BloombergAmericans Are Building Vacation-Home Empires With Easy-Money LoansChina Alarms US With Private Warnings to Avoid Taiwan StraitVolatility Grips Stocks as Treasury Yields Surge: Markets WrapBiden’s ‘Never Been More Optimistic
When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett buys a stock, Wall Street and investors wisely pay close attention. Since taking the reins as CEO in 1965, Buffett has overseen the creation of more than $645 billion in value for shareholders, as well as delivered an aggregate return on the company's Class A shares (BRK.A) of 3,641,613%. Aside from Berkshire Hathaway's annual shareholder meeting and the letter Buffett writes to shareholders each year, the most-anticipated event is the company's quarterly 13F filing with the Securities and Exchange Commission (SEC).
Yahoo Finance Live looks at several of today's trending stocks tied to leading industry stories, including billionaire Harold Hamm's offer to take his company Continental Resources private.
Billionaire Michael Saylor and his company MicroStrategy are at the center of attention with the fall of Bitcoin. Before we even look at the numbers, it's safe to say that Saylor and MicroStrategy are among the biggest losers in Bitcoin's return to earth as they adopted a cryptocurrency investment strategy in 2020. MicroStrategy holds 129,218 bitcoins, 4,827 of which were purchased in the first quarter at an average price of $44,645.
S&P 500 entered bear market country on June 13, down 21% from its high on Jan. 3, while Nasdaq has been in a bear market since March 2022.
Still, more homebuyers sought properties compared to a week earlier, perhaps signalling a flurry of activity before aggressive tightening by the Federal Reserve further impacts the sector. Fed policymakers later on Wednesday are expected to raise interest rates by 75 basis points in order to quell inflation running at a more than 40-year high.
Ford doesn't want to see setbacks in its race against Tesla . Ford, aware of this sharp competitive approach, has so far managed to execute its plans well. It aims to produce 2 million electric vehicles a year by the end of 2026 while strengthening the company's gasoline-car lines.
The billionaire has never made a secret of his loathing for cryptocurrency.
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a thread on Twitter (NYSE: TWTR) in March, after inflation hit a 40-year high for the first time this year, advising followers to own “physical things” when inflation is high. In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high. I still own & won’t sell my Bit
Investors are running out of superlatives to describe how ugly the S&P 500 crash is. But 11 major stocks are now trading for less than $4.
China Southern Airlines Co Ltd this week conducted test flights with a Boeing Co 737 MAX plane for the first time since March, flight tracking websites showed, in a sign the jet's return in China could be nearing as demand rebounds. A MAX jet registered as B-1127 took off from the airline's headquarters city of Guangzhou on Tuesday morning and touched down about two hours later in the city of Nanyang in central China, according to aviation data provider Variflight. China Southern, which has a pilot training base in Nanyang, did not respond to a request for comment.
These highly profitable stocks are valued at just three to six times Wall Street's forecast earnings for 2023.
“I think we’re pricing in a mild recession…I’m not saying how severe the recession actually will be,” Wharton’s Jeremy Siegel said, adding that dividend stocks may begin to look attractive for investors even as rates rise.
“Today’s layoff is the result of shortfalls in Redfin’s revenues…With May demand 17% below expectations, we don’t have enough work,” said Redfin in a statement.
BitBoy Crypto Founder Ben Armstrong joins Yahoo Finance Live to discuss the crypto market sell-off and why he thinks it will continue throughout the summer.
Senators and legal experts tussle Tuesday over the merits of a Republican bill that aims to reduce the voting power of the three index-investing giants --- BlackRock , Vanguard and State Street.
Inflation data dominated the market news at the end of last week, and rightly so. The May print, of 8.6% annualized gains in the consumer price index, marked a sharp reversal from the modest decline seen in April, and a new ‘highest level in 40 years’ data point. It reignited worries that the rosy projections – of a transient inflation, or of lower rates by early next year – are unlikely to reach fruition. Even though unemployment is low and wages are up, the declines in real earnings and the GD
Edward Thorp is an investing and mathematical legend — from spotting Bernie Madoff’s fraud as well as identifying Warren Buffett’s investing acumen early, to coming up with blackjack game theory. It was a sobering if measured reply — the inductee to the Blackjack Hall of Fame said he was reading about what’s going on with American society. “You could have the choices I just described — a devolution, evolution or revolution,” Thorp said.
Rivian and other EV starts-ups are struggling with various challenges as they try to carve out a piece of the market.