The global precast construction market is projected to grow at a formidable rate during the forecast period, 2023-2027. The precast constructions market is anticipated to witness high growth due to growing urbanization, growing construction activities in emerging economies, and large-scale investments in infrastructure & industrial sectors.
The Important Factors of the Precast Construction Market
In addition to this, factors such as improved easier material handling, work-zone safety for workers, and minimized need for support are encouraging workers and builders to accept the precast construction techniques, which is adding to their market growth. Besides, the increase in developments in precast technology together with dimensional accuracy is allowing architects, designers, and engineers to plan for future construction projects, developing ground-breaking constructions of exceptional quality.
The rise in construction projects owing to rapid urbanization and industrialization coupled with the rise in the need for the development of low-cost housing units are anticipated to fuel the market growth. Moreover, the surge in investment in the building and construction industry, owing to various government-sponsored public housing programs is anticipated to fuel the global precast construction market growth.
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The global precast constructions market is segmented on the basis of type, end-use sector, product, and region. Based on product, the market is divided into columns & beams, staircases, walls, floors & roofs, paving slabs, lintels, and others. The columns & beams segment is anticipated to grow at the highest rate during the forecast period, owing to the factors such as improved work-zone safety for workers and easier material handling. In 2021, the APAC region dominated the market market of precast construction, in terms of value, followed by Europe & CIS and North America.
Some of the leading players in the global precast constructions market
- Komatsu Ltd.
- Taisei Corporation
- Bouygues Construction
- Larsen & Toubro Limited
- Julius Berger Nigeria PLC
- Red Sea Housing Services
- Laing O’rourke
- Balfour Beatty PLC, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments Covered | · By Type· By End-Use Sector· By Product |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | China; India; Japan; South Korea; Australia; Singapore; Malaysia; France; Germany; United Kingdom; Italy; Spain; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Qatar |
| Key companies profiled | Komatsu Ltd., Taisei Corporation, Bouygues Construction, Larsen & Toubro Limited, Julius Berger Nigeria PLC, Red Sea Housing Services, Laing O’rourke, Balfour Beatty PLC |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the global precast construction market has been segmented into the 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 Constructions 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
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global precast constructions market.
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Product Overview
- Research Methodology
- Impact of COVID-19 on Global Precast Construction Market
- Executive Summary
- Voice of Customer
5.1. Product Awareness
5.2. Brand Awareness
5.3. Factors Influencing the Purchase Decision
5.4. Product Pricing
5.5. Challenges & Unmet Needs
- Global Precast Constructions Market Overview
- Global Precast Construction Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Manufactured Homes and Modular Constructions)
7.2.2. By End-Use Sector (Residential and Non-Residential)
7.2.3. By Product (Columns & Beams, Staircase, Walls, Floors & Roofs, Paving Slabs, Lintels and Others)
7.2.4. By Region
7.3. Market Attractiveness Index