PCI Market Survey Results and Forecast-PCI Market Survey Webinar 2023 Handout

PCI Market Survey Webinar 2023 Handout

Pdf Summary

The document outlines the PCI (Precast/Prestressed Concrete Institute) Market Survey Results and Forecast presented by Brian Miller from GCP Applied Technologies. The presentation includes a national forecast for total construction and precast potential, alongside specific data from 2021.<br /><br />Key highlights:<br />1. **National and Regional Forecasts**: Predicted growth rates for various segments (e.g., Hotels, Parking, Warehouses, K-12) between 2023-2026 are presented. For instance, Hotels have a CAGR of 14.3%, while Warehouses show a negative CAGR of -15.6%.<br /><br />2. **Sales Data**: Precast sales and total construction volumes from 2013 to 2022 are detailed, illustrating fluctuations over the years and growth trends for different geographical regions within the US.<br /><br />3. **Market Analysis and Strategy**: The importance of analyzing specific market shares and projecting future trends to develop strategic approaches is emphasized. The document also includes a breakdown of sales across different regions such as PCI West (CA, NV), PCI Mountain States (AZ, CO, ID, MT, UT, WY), PCI Gulf South (AL, LA, MS), and others. Each region's forecast includes specific growth rates and market potentials.<br /><br />4. **Regional Data Comparisons**: Comparisons of precast sales shares across various segments (like Bridges, Parking, and Warehouses) and regions, highlight disparities in market penetration. For example, precast's market share in parking structures is significantly higher in certain regions compared to others.<br /><br />5. **Strategic Recommendations**: Specific strategies are recommended for maintaining or increasing market share. This includes understanding customer needs, value proposition, and regional opportunities.<br /><br />6. **Conclusion**: Despite economic challenges, the construction outlook remains strong with significant growth opportunities for precasters, given their current market potential is only around 9%.<br /><br />The data and trends provide a comprehensive view of the precast industry's market potential, helping companies tailor their strategies for growth and market share improvement.

Keywords

PCI Market Survey

Brian Miller

GCP Applied Technologies

construction forecast

precast potential

regional growth rates

precast sales data

market analysis

strategic recommendations

market potential