The precast concrete market was valued at US$ 118.4 Bn in 2021 and is projected to reach US$ 159.8 Bn by 2028, at a CAGR of 4.4%. Precast concrete is made by pouring concrete into a reusable mold, curing it in a controlled environment before transporting it to the job site. This procedure is more efficient than on-site casting because the molds are reused numerous times before being changed. The cast concrete products can cure properly and be continuously monitored in the controlled atmosphere. Because the casting is done at ground level, it has a number of advantages, including improved material quality control, better workmanship, and safety. With expanding urbanization and construction activities, this product of concrete is becoming more popular. The construction industry's shift toward adopting sustainable, environmentally friendly, cost-effective, and modern construction practices has resulted in market growth.
Precast columns and beams are widely employed in both residential and non-residential construction, and they can be used in both building and non-building structures. Increased public and private investment in infrastructure projects, particularly in emerging economies such as APAC, South America, and the Middle East, as well as rising demand for residential constructions as a result of rapid urbanization, have all contributed to the demand for precast columns and beams.
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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Precast Concrete research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Precast Concrete industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
Boral
LafargeHolcim
Gulf Precast
Olson Precast Company
Larsen & Toubro Limited
CEMEX
Forterra
Tindall Corporation
Spancrete
Elementbau Osthessen GmbH & Co., ELO KG
Bouygues Construction
Balfour Beatty
Oldcastle Precast
Type Analysis of World Wide Market:
Building Components
Transportation
Water & Waste Handling
Others
Segmentation of global Precast Concrete Market by Application:
Residential
Non-Residential
The study report offers a comprehensive analysis of Precast Concrete Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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This research report gives detailed data about the major factors influencing the growth of the Precast Concrete market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.