During the forecast period of 2023-2027, the global precast construction market is expected to experience significant growth. This is due to the increasing urbanization, rising construction activities in emerging economies, and substantial investments in infrastructure and industrial sectors. The precast construction techniques are gaining acceptance among workers and builders because they provide easier material handling, increased work-zone safety, and reduced need for support, contributing to the market growth. Furthermore, advancements in precast technology and dimensional accuracy are enabling architects, designers, and engineers to plan for future construction projects, resulting in high-quality, ground-breaking constructions. The growth of the market is further fuelled by the rise in construction projects, particularly for low-cost housing units, resulting from rapid urbanization and industrialization. Additionally, the government-sponsored public housing programs are encouraging investment in the building and construction industry, which is expected to further drive the global precast construction market growth.
Browse more than 120 market data Tables and Figures spread through 110 Pages and an in-depth TOC on“Global Precast Construction Market, 2027” – https://www.techsciresearch.com/report/global-precast-construction-market/2437.html
The global precast construction market is segmented based on type, end-use sector, product, and region. The product segment is divided into columns and beams, staircase, walls, floors and roofs, paving slabs, lintels, and others, with the columns and beams segment expected to grow at the highest rate during the forecast period. This is due to the improved work-zone safety for workers and easier material handling. In terms of value, the APAC region dominated the precast construction market in 2021, followed by Europe and CIS and North America.
Some of the leading players in the global precast construction market include Komatsu Ltd., Taisei Corporation, Bouygues Construction, Larsen & Toubro Limited, Julius Berger Nigeria PLC, Red Sea Housing Services, Laing O’rourke, Balfour Beatty PLC, among others.
Report Scope:
In this report, the global precast construction market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Precast Construction Market, By Type:
- Manufactured Homes
- Modular Constructions
- Precast Construction Market, By End-User:
- Residential
- Non-Residential
- Precast Construction Market, By Product:
- Columns & Beams
- Staircase
- Walls
- Floors & Roofs
- Paving Slabs
- Lintels
- Others
- Precast Construction Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
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