Precast Concrete - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Precast Concrete Market is accounted for $119.39 billion in 2019 and is expected to reach $211.36 billion by 2027 growing at a CAGR of 7.4% during the forecast period. Need for reduced construction time and cost and expansion in infrastructure investment and industrialization are the major factors propelling the market growth. However, economic downturn in major regions is hampering the market growth.
Precast concrete is a type of material that is equipped, cast and dried off-site using reusable molds. This entire process is commonly done in a controlled factory atmosphere where these elements can be coupled together to form a complete structure. It can be more economical and occasionally more practical as compared to the conventional building materials used. It is classically used for structural components such as columns, beams, staircases, pipes, tunnels, and so on.
Based on the end user, the infrastructure segment is estimated to have a lucrative growth in the forecast period. The segment is likely to witness major expansion, enormous expenditure by developing and developed countries on public infrastructure growth. Moreover, initiatives to join trade routes are likely to profit the market growth.
By geography, North America is likely to have a huge demand due to growing demand for sustainable and higher construction practices are probable to drive the product demand. Rapid commercial expansion of the region is likely to open new avenues for various industries to expand markets.
Some of the key players profiled in the Precast Concrete Market include Julius Berger Nigeria PLC, Red Sea Housing Services, Atco Group, Vinci, Kiewit Corporation, Cemex S.A.B. De C.V., Balfour Beatty PLC, Laing O’rourke, Larsen & Toubro Limited, Taisei Corporation, Skanska Ab, CRH PLC, Bouygues Construction, Coreslab Structures and Smeet Precast.
Construction Types Covered:
• Relocatable Buildings
• Permanent Modular Buildings
• Elemental Construction
• Walls & Barriers
• Floors & Roofs
• Utility Vaults
• Paving Slabs
• Columns & Beams
• Façade System
• Transportation Products
• Water & Waste Handling Products
• Stairs and Landing
• Cemetery Products
• Utility Products
• Bridge Components
• Structural Building Components
• Architectural Building Components
End Users Covered:
• Civil Works
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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