The global precast construction market is projected to grow at a formidable rate during the forecast period, 2023-2027. The precast construction 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. 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, increase in developments in the precast technology together with dimensional accuracy are allowing architects, designers, and engineers to plan for future construction projects, developing ground-breaking constructions of exceptional quality. Rise in construction projects owing to rapid urbanization and industrialization coupled with the rise in need for development of low-cost housing units are anticipated to fuel the market growth. Moreover, 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 construction market is segmented on the basis of type, end-use sector, product and region. Based on product, the market is divided into columns & beams, staircase, 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 2024-2032, 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 construction market are 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 | 2024-2032 – 2024-2032 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2024-2032-2024-2032 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) |
