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North America Cast-in-Place Concrete Flooring Market size exceeded USD 3.5 billion in 2020 and is poised to witness over 4.9% CAGR between 2021 and 2027. Rapid urbanization along with the growing distribution and logistics sector and retail outlet is likely to boost the regional industry demand.
Rising urbanization and growing construction spending by governments to improve infrastructure is expected to enhance the Cast-in-Place concrete flooring applications. The market is mainly driven by the increasing flooring applications in industry verticals such as construction, aerospace, warehousing, retail industry, and manufacturing. Moreover, the growing remodeling & renovation practices in this region are enhancing the need for Cast-in-Place concrete flooring, contributing significantly to the industry statistics. Due to a huge drift in the retail industry, a significant growth is observed in the construction of warehouses with proper flooring practices.
Technological development in material handling equipment with enhanced mobility through wheels has influenced the demand for glossy flooring surfaces. The strong growth of Silicon Valley along with increasing investments in technologies by end-use industries is driving the demand for data centers in the region. Data centers are among those few markets, which remain unaffected by economic downturn and Covid-19 pandemic. The number of data centers will increase as the post pandemic era will have many business operations on the cloud.
The Cast-in-Place concrete flooring industry in North America has witnessed a significant drop in demand on account of ongoing COVID-19 pandemic. Owing to the economic slowdown, the construction industry in the region is suffering from liquidity crunch. Investments have reduced across the market impelled by the blocked cash flow of contractors and developers. Development projects and commercial businesses have been affected by huge fluctuations in retail sector, companies may decide to minimize office floor space to lower the rental costs. However, the Cast-in-Place concrete flooring market in the region is predicted to surge led by stimulus package and necessary steps taken for opening economic activities by public and private sectors.
Report Attribute | Details |
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Base Year: | 2020 |
North America Cast-in-Place Concrete Flooring Market Size in 2020: | 3.48 billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 4.9% |
2027 Value Projection: | 4.83 billion (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 170 |
Tables, Charts & Figures: | 168 |
Segments covered: | Sector, Technique, Country |
Growth Drivers: |
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Pitfalls & Challenges: |
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The e-commerce/ e-fulfilment segment generated around USD 290 million in 2020. Online sales continue to gain traction, enabling retailers to not only grow but also to increase customer loyalty. Many goods manufacturers started increasing their online presence as it provides much wider market penetration at a fraction of the cost. North America is developed, and people have higher disposable incomes, propelling the e-commerce industry.
Additionally, the companies engaged in e-commerce are investing millions of dollars in e-fulfilment. Warehouses, which are a big part of the e-commerce industry are likely to see increasing operational activities driven by the rising e-commerce sales. Companies are also building state-of-the-art warehousing facilities for better consumer service and improving the efficiency of the supply chain. The growing number of warehouses is fueling cast-in-situ concrete flooring demand from the e-commerce industry.
The North America cast-in-place concrete flooring market from pharmaceutical/chemical sector is set to reach USD 260 million in 2027. The regional pharmaceutical industry is also observing a high growth propelled by a number of strategic partnerships and agreements among manufacturers. However, chemical and pharmaceutical industries are facing logistics and supply chain disruptions due to the Covid-19 pandemic. Most of the plants are running at reduced capacities. The market is expected to drive the construction of new chemical manufacturing plants or warehouses.
The prestressed concrete market is estimated to account for more than 3.5 million cubic meter of cast-in-place flooring demand by 2027. Prestressed concrete gives a very efficient structure, minimizing material usage and decreasing the economic span range compared to reinforced concrete. Prestressed or post stressed concrete usage is increasing in commercial building construction activities, especially for industrial buildings, manufacturing facilities, offices, and healthcare facilities. Pre & post tensioning technique offers several advantages such as fire resistance, reduced cost, reduced material use, robustness, and thermal mass.
The Southeast U.S. cast-in-place concrete flooring market is projected to expand at over 4.6% CAGR from 2021 to 2027. The Southeast is among the rapid growing regions in the U.S. impelled by high urbanization and industrialization triggered by developed economy. Regional demographics and stronger support from the regional government in terms of investment in manufacturing sectors, major infrastructure projects, and drop in crude oil prices will be the major factors driving the regional construction industry.
The e-commerce/e-fulfillment industry coupled with the 3PL industry dominates the regional industrial output. However, it is actually manufacturing products that are contributing to a rebounding economy. The region is also having a heavy machinery manufacturing industry and downstream chemical & metalworking industries.
Manufacturers are establishing partnerships and contracts with contractors, building design firms, and subcontractors for gaining a competitive edge. For instance, in December 2020, MEGASLAB signed a contract with ARCO Design/Build, Inc. for the construction of concrete slab without reinforcing bar for supporting self-storage building in Loring Heights, Georgia.
Major players involved in the North America cast-in-place concrete flooring market include
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