PCI Market Survey Report - February 2025-PCI 2025 Market Forecast Webinar Handout

PCI 2025 Market Forecast Webinar Handout

Pdf Summary

The document is a detailed presentation on the forecast for the Precast/Prestressed Concrete Institute's (PCI) construction sector, presented by Brian Miller from Chryso on February 28, 2025. The presentation includes strategies for using market data, calculating market share, and positioning within the market for precast construction, covering both national and regional perspectives.<br /><br />Key insights highlight the construction industry's growth potential using Compound Annual Growth Rate (CAGR) statistics and market segments. The national outlook emphasizes significant future growth in sectors such as apartments, data centers, and one-family houses, while outlining the anticipated economic indicators, including GDP and consumer spending, which all influence the construction market.<br /><br />Regionally, the presentation breaks down market share and potential by various precast segments across areas like the Midwest, Gulf South, West, and PCI Northeast. It predicts how factors like inflation and interest rates can impact construction trends, touching on both potential opportunities and market challenges. Each region presents specific dynamics, such as Texas and Oklahoma's prominent position in bridge construction and Florida's strong showing in dormitories and government projects.<br /><br />The document mentions that the overall precast construction market still holds substantial opportunities as it currently represents about 9% of its potential market share. The emphasis is on leveraging existing data to identify market opportunities effectively.<br /><br />Overall, the document provides insights into the growing trends within the construction sector, underscoring strategic planning and market positioning as essential processes for entities involved in precast construction. The data and forecasts are designed to help stakeholders target appropriate markets for expansion and competitiveness in the upcoming years.

Keywords

Precast Construction

Market Forecast

PCI

Growth Potential

CAGR

Regional Market

Economic Indicators

Market Share

Construction Trends

Strategic Planning