Recently,  at our first VIRTUAL Summer Annual Meeting, PCI President Bob Risser shared the latest news and information regarding precast sales nationally. Every year PCI certified plants report their business revenue and the information is used to gauge industry growth in market share relative to the construction industry as a whole. From initial estimates, it appears that the precast prestressed industry grew to 6.17 billion in 2019 which is an 8.6% uptick in growth from 2018. This growth outpaced construction by 5.6 % (construction only had 3% growth). In basic terms, this means the precast industry increased their market share. This is an incredible achievement in a market that is highly competitive. It is also a testament to the dedication of our industry from local chapters to producers to national campaigns. At first glance, it appears our message of sustainability, resiliency and efficiency is beginning to take root with the design community and the message is spreading via studios, Lunch & Learns and/or seminars.

The second part of reporting will happen in the next few months. The second report will show individual regions and how each did within various market segments such as parking garages, bridges, manufacturing etc.  I am hopeful that our message of strength/efficiency/versatility as a building material has finally made its way to the designers. Now, let’s keep pushing forward!