Global Precast Concrete Market Forecast to 2030
According to the most recent analysis by Emergen Research, the precast concrete market is predicted to grow at a revenue CAGR of 5.7% over the forecast period, reaching USD 95.20 billion in 2021. The market's revenue growth is primarily being driven by rising infrastructure investments. Rapid urbanisation and the exponential population growth are the two key factors promoting market expansion. Due to how rapidly and inexpensively they can be erected, the growing demand for non-residential structures like airports, sports facilities, shopping malls, and office buildings will have a substantial impact on the supply chain. Precast concrete demand will rise further as a result of the growing demand for housing driven on by population growth and government initiatives to provide housing for the Economically Weaker Segment (EWS). Because more people are moving into metropolitan regions in search of better career opportunities, which fuels the market revenue growth, its use in offices and other commercial spaces has also expanded.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Precast Concrete market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled 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
Research Report on the Precast Concrete Market Addresses the Following Key Questions:
- Who are the dominant players of the Precast Concrete market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Precast Concrete market?
- What are the key growth drivers and restraining factors of the Precast Concrete market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Precast Concrete market and its key segments?
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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.
The report bifurcates the Precast Concrete market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
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Regional Landscape section of the Precast Concrete report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- 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)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Precast Concrete market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Precast Concrete with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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