Precast Concrete Market size, value, demand, and share research and analysis report for 2030

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Market Size – USD 95.20 Billion in 2021, Market Growth – at a CAGR of 5.7%, Market Trends – Rapid urbanization activities to accommodate increasing population to fuel demand

The precast concrete market size reached USD 95.20 Billion in 2021 and is predicted to post a revenue CAGR of 5.7% during the forecast period to the newest report by Emergen Research. The market's rising revenue is mostly being driven by rising infrastructure investments. Rapid urbanisation and population growth are the two key factors promoting market expansion. Due to how rapidly and inexpensively they can be constructed, the rising demand for non-residential buildings like airports, sports facilities, shopping centres, and office buildings will have a substantial impact on the supply chain. Due to the growing demand for housing brought on by the expanding population and government efforts to provide housing for the Economically Weaker Section, the need for precast concrete will continue to rise (EWS). Due to growing urbanisation activities brought on by individuals searching for better work opportunities, which fuels the market revenue growth, its use in offices and other commercial spaces has also expanded.

Using 2019 as the base year and 2022–2030 as the forecast year, the Global Precast Concrete Market research report is a thorough document that details the most current innovations and developments in the Precast Concrete industry. Insightful information on market size, market share, sales channels, distribution networks, market segmentation, consumer wants and trends, and growth prospects are provided in the study. The study also looks at regional and international market expansion. The impact of the COVID-19 pandemic on the Precast Concrete Market and its significant sectors is examined in the report.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Larsen Toubro, Tindall Corporation, Olson Precast Company, STECS, LafargeHolcim, Gulf Precast Concrete Co. LLC, Forterra Pipes Precast LLC, Spancrete, Boral Ltd. And LAING O’Rourke

Target Audience of the Global Precast Concrete Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)
  • Global market producers, distributors, traders, and suppliers
  • Research organizations, consulting companies, and various alliances interested in this sector
  • Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Precast Concrete Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Precast Concrete market on the basis of product, application, and region:

Segments Covered in this report are:

  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • Infrastructure
    • Commercial
    • Residential
    • Industrial
  • Regional Outlook (Revenue, USD Billion; 2019–2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

more

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Some Key Highlights From the Report

  • The structural building components segment is expected to register the highest revenue share in 2021. The increase in hotels, malls, and hospitals, as well as the process of global industrialization, are expected to drive the segment's revenue growth. The increasing usage of structural construction materials in low-cost housing is anticipated to have a substantial impact on this market sector.
  • The infrastructure segment is expected to register substantial growth over the forecast period. Precast concrete is especially well suited for applications in which the building components must withstand severe weights. Tensile forces are absorbed by the steel reinforcement, whereas pressure forces are absorbed by the concrete. Because they are far more robust than sleepers made of other materials, reinforced precast concrete sections are suitable for the construction of sleepers that must withstand enormous weights.
  • Market in the Asia Pacific is expected to register considerable growth rate during the forecast period. The region's market is expanding quickly because of the strength of its industrial base, which is largely fueled by well-known businesses. Due to the increased emphasis on sustainable and modular building as well as significant investment in rehabilitation projects across countries like China, Japan, Indonesia, and India, the rise of the precast concrete market in the Asia Pacific region offers profitable potential.

Additional information offered by the report:

  • Along with a complete overview of the global Precast Concrete market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Precast Concrete market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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