Precast Concrete Market – Segmented by Element (Floors & Roofs, Walls & Barriers, Columns & Beams, Utility Arches, Beams, Pipes & Paving Slabs), by Construction Type (Elemental Construction, Permanent Modular Buildings & Relocatable Buildings), by End-Use (Non-Residential and Residential) and Region- Global Industry Sizing, Growth, Trend, Opportunity and Forecast (2021-2027)
The Precast Concrete Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating globally. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes of the market, capturing all aspects of the precast concrete market.
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Precast Concrete Industry Outlook
The global precast concrete market size is USD 127.4 Billion in 2020 and is projected to reach USD 189.2 Billion by 2027 with a CAGR of 6.3% during the forecast period (2021-2027). The gradual shift of construction contractors and consumers towards economical, green and modern construction techniques is creating growth opportunities for the precast concrete market. Rising disposable income of people in developing countries and changing preferences in construction methods are increasing the reliance on modern construction techniques, which is driving the growth of the precast concrete market.
Factors affecting the precast concrete industry during the forecast period:
Rising population and rapid urbanization leading to growth in infrastructure investment and industrialization resulting in many new construction projects will fuel the precast concrete market. Additionally, reducing construction project time and cost is one of the key factors driving the growth of the precast concrete market.
Ease of removal and installation is one of the main advantages associated with precast concrete. Reason The economic slowdown in major regions has created a significant challenge for the industry to overcome the economic crisis.
One of the main opportunities for the precast concrete sector is the increase in new construction projects in emerging economies.
However, lack of awareness about the precast concrete method among the end users is one of the industry threats and hinders the growth of the precast concrete market.
Impact of COVID-19 on the Precast Concrete market:
The precast concrete market is having a major impact due to the COVID-19 coronavirus outbreak. The global economy has been so disrupted, affecting investment in advanced technologies such as precast concrete. Additionally, due to the stoppage of operations, the construction companies have suffered a huge loss that may affect the precast concrete market. It is expected that post COVID-19 the market will adopt a V-shaped recovery pattern during the forecast period.
The report describes the study of the global precast concrete market based on the elements, type of construction and end user.
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On the basis of element, the precast concrete market has been segmented into –
- Floors & Roofs
- Walls and barriers
- Columns and beams
- Utility vaults
- paving slabs
On the basis of construction type, the precast concrete market has been segmented into–
- Elementary construction
- Permanent modular buildings
- Relocatable buildings
On the basis of end-user, the precast concrete market has been segmented into –
Precast Concrete Market: Regional Outlook
Based on region, the global precast concrete market has been segmented into five geographical regions, namely, North America, Asia-Pacific, Europe, South America, Middle East and South America. ‘Africa. In 2020, North America held the largest share of the total global precast concrete market, followed by Asia-Pacific and Europe. Additionally, Asia-Pacific is expected to grow with a high CAGR during the forecast period.
Leading Competitors in the Global Precast Concrete Market include-
The global precast concrete market is quite consolidated, with the presence of key players across the globe. Key players operating in the global precast concrete market are-
- Actividades De Construccion Y Servicios, SA
- Atco Group
- Balfour Beatty PLC
- Cemex SAB De CV
- CRH automaton
- Julius Berger Nigeria PLC
- Kiewit Company
- Laing O’rourke
- Larsen & Toubro Limited
- Red Sea Accommodation Services
- Skanska AB
- Taisei Corporation.
The Precast Concrete Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of industry/regional outlook with market player’s presence in the respective segment and region/country. The information concluded in the report includes inputs from primary interviews with industry experts.
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Precast Concrete Market Report Covers Comprehensive Analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition landscape
- More than 15 company profiles
Regional analysis of the precast concrete market includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
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Precast Concrete Market: Target Audience
- Precast Concrete Manufacturers
- Precast Concrete Suppliers and Distributors
- Real estate and construction associations
- Building contractors
- Government and research organization
- Investors and shareholders