Precast Construction Market by Product Type (Columns & Beams, Floors & Roofs, Walls, Staircase, Girders, Paving Slabs, and Others), Construction Type (Modular and Manufactured Homes), and End User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global precast construction was valued at $139,100.0 million in 2020 and is projected to reach $227,567.1 million by 2030, growing at a CAGR of 4.9% from 2020 to 2030.
Precast construction includes buildings and infrastructure where most structural components such as columns & beams are standardized and used in manufacturing facilities in a controlled location away from the from the actual constructional sites. The precast technique is used to manufacture custom components such as columns, slabs, walls, stairs, beams and others.
Increase in construction spending, rise in urbanization and industrialization in developing countries, surge in need for low-cost housing units, higher efficiencies and productivity achieved through precast methods, and increase in construction speed through precast technology drive the growth of the market. For instance, the U.S. Government spending on public and private infrastructure activities increased by 20% from 2012 to 2020. In addition, there is rapid industrialization and urbanization in emerging markets such as China, India, South Korea, and Brazil, which also fuels the growth of the precast construction market. Moreover, increase in activities such as remodeling, refurbishment, and renovation of old buildings increase investments in the building and construction industry and further fuel the growth of precast construction market.
However, low customer confidence in precast construction in earthquake prone regions is anticipated to hamper the growth of the global precast construction market. Moreover, increase in construction of new buildings is anticipated to provide lucrative opportunities for the growth of the global precast construction market.
The global precast construction market is segmented on the basis of product type, construction type, and end user. Based on product type, the market is divided into columns & beams, floors & roofs, walls, staircases, girders, paving slabs, and others. The columns & beams segment generated the highest revenue in 2020. Based on construction type, the market is classified into modular and manufactured homes. The modular segment generated the highest revenue in 2020. Based on end user, the market is categorized into residential and non-residential. The non-residential segment generated the highest revenue in 2020.
Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to hold the highest market share during the forecast period and is expected to exhibit significant growth in the near future.
The key players profiled in this report include ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria plc, Kiewit Corporation, Globe Container, Larsen & Turbo Limited, Red Sea Housing Services, and Taisei Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging global precast construction market trends and dynamics.
In-depth market analysis is conducted by global precast construction market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the global precast construction market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global precast construction market forecast analysis from 2021 to 2030 is included in the report.
The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global precast construction market.
GLOBAL PRECAST CONSTRUCTION MARKET SEGMENTS
BY PRODUCT TYPE
Columns & beams
Walls
Floors & Roofs
Staircases
Girders
Paving Slabs
Others
BY CONSTRUCTION TYPE
Modular
Manufactured Homes
BY END USER
Residential
Non-residential
BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
ACS Group
Balfour Beatty plc
Bouygues Construction
Julius Berger Nigeria Plc
Kiewit Corporation
Komatsu Ltd
Laing O’ Rourke
Larsen & Turbo Limited
Red Sea Housing Services
Taisei Corporation
- CHAPTER1 INTRODUCTION
- 1.1. REPORT DESCRIPTION
- 1.2. KEY BENEFITS
- 1.3. KEY MARKET SEGMENTS
- 1.4. RESEARCH METHODOLOGY
- 1.4.1. Secondary research
- 1.4.2. Primary research
- 1.4.3. Analyst tools and models
- CHAPTER 2 EXECUTIVE SUMMARY
- 2.1. CXO PERSPECTIVE
- CHAPTER 3 MARKET OVERVIEW
- 3.1. MARKET DEFINITION AND SCOPE
- 3.2. KEY FINDINGS
- 3.2.1. Top investment pockets
- 3.2.2. Top impacting factors
- 3.2.3. Top winning strategies
- 3.3. PORTERS FIVE FORCES ANALYSIS
- 3.3.1. Low bargaining power of Suppliers
- 3.3.2. High bargaining power of Buyers
- 3.3.3. High threat of substitutes
- 3.3.4. Moderate threat of new entrants
- 3.3.5. Moderate to high competitive rivalry
- 3.4. market players positioning
- 3.5. MARKET DYNAMICS
- 3.5.1. Drivers
- 3.5.1.1. Growing urbanization and industrialization in developing countries
- 3.5.1.2. Increasing speed of construction by precast technology
- 3.5.1.3. Need for development of low cost residential units
- 3.5.1.4. High efficiency of precast construction
- 3.5.2. Restraints
- 3.5.2.1. Lack of confidence in precast construction in earthquake prone region
- 3.5.2.2. Lack of skilled labor and infrastructure in developing countries
- 3.5.3. Opportunities
- 3.5.3.1. Increasing investments in infrastructure
- CHAPTER 4 PRECAST CONSTRUCTION MARKET, BY PRODUCT TYPE
- 4.1. OVERVIEW
- 4.1.1. Market size and forecast
- 4.2. COLUMNS & BEAMS
- 4.2.1. Key market trends
- 4.2.2. Key drivers and opportunities
- 4.2.3. Market size and forecast
- 4.3. FLOORS & ROOFS
- 4.3.1. Key market trends
- 4.3.2. Key growth drivers and opportunities
- 4.3.3. Market size and forecast
- 4.4. WALLS
- 4.4.1. Key market trends
- 4.4.2. Key growth drivers and opportunities
- 4.4.3. Market size and forecast
- 4.5. STAIRCASE
- 4.5.1. Key market trends
- 4.5.2. Key growth drivers and opportunities
- 4.5.3. Market size and forecast
- 4.6. GIRDERS
- 4.6.1. Key market trends
- 4.6.2. Key growth drivers and opportunities
- 4.6.3. Market size and forecast
- 4.7. PAVING SLABS
- 4.7.1. Key market trends
- 4.7.2. Key growth drivers and opportunities
- 4.7.3. Market size and forecast
- 4.8. OTHERS
- 4.8.1. Key market trends
- 4.8.2. Key growth drivers and opportunities
- 4.8.3. Market size and forecast
- CHAPTER 5 PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE
- 5.1. INTRODUCTION
- 5.1.1. Market size and forecast
- 5.2. MODULAR CONSTRUCTION
- 5.2.1. Key market trends
- 5.2.2. Key growth drivers and opportunities
- 5.2.3. Market size and forecast
- 5.3. MANUFACTURED HOMES
- 5.3.1. Key market trends
- 5.3.2. Key growth drivers and opportunities
- 5.3.3. Market size and forecast
- CHAPTER 6 PRECAST CONSTRUCTION MARKET, BY END-USE SECTOR
- 6.1. OVERVIEW
- 6.1.1. Market size and forecast
- 6.2. RESIDENTIAL
- 6.2.1. Key market trends
- 6.2.2. Key growth drivers and opportunities
- 6.2.3. Market size and forecast
- 6.3. NON-RESIDENTIAL
- 6.3.1. Key market trends
- 6.3.2. Key growth drivers and opportunities
- 6.3.3. Market size and forecast
- CHAPTER 7 PRECAST CONSTRUCTION MARKET, BY GEOGRAPHY
- 7.1. OVERVIEW
- 7.2. NORTH AMERICA
- 7.2.1. Key market trends
- 7.2.2. Key growth factors and opportunities
- 7.2.3. Market size and forecast
- 7.2.3.1. U.S.
- 7.2.3.2. Canada
- 7.2.3.3. Mexico
- 7.3. EUROPE
- 7.3.1. Key market trends
- 7.3.2. Key growth factors and opportunities
- 7.3.3. Market size and forecast
- 7.3.3.1. UK
- 7.3.3.2. Germany
- 7.3.3.3. France
- 7.3.3.4. Italy
- 7.3.3.5. Rest of Europe
- 7.4. ASIA-PACIFIC
- 7.4.1. Key market trends
- 7.4.2. Key growth factors and opportunities
- 7.4.3. Market size and forecast
- 7.4.3.1. China
- 7.4.3.2. Japan
- 7.4.3.3. Australia
- 7.4.3.4. South Korea
- 7.4.3.5. Rest of Asia-Pacific
- 7.5. LAMEA
- 7.5.1. Key market trends
- 7.5.2. Key growth factors and opportunities
- 7.5.3. Market size and forecast
- 7.5.3.1. Latin America
- 7.5.3.2. Middle East
- 7.5.3.3. Africa
- CHAPTER 8 COMPANY PROFILES
- 8.1. ACS GROUP
- 8.1.1. Overview
- 8.1.2. Operating business segments
- 8.1.3. Business performance
- 8.1.4. Key strategic moves and developments
- 8.2. BALFOUR BEATTY PLC
- 8.2.1. Company overview
- 8.2.2. Operating business segments
- 8.2.3. Business performance
- 8.2.4. Key strategic moves and developments
- 8.3. BOUYGUES CONSTRUCTION
- 8.3.1. Company overview
- 8.3.2. Operating business segments
- 8.3.3. Business performance
- 8.3.4. Key strategic moves and developments
- 8.4. JULIUS BERGER NIGERIA PLC
- 8.4.1. Company overview
- 8.4.2. Operating business segments
- 8.4.3. Business performance
- 8.4.4. Key strategic moves and developments
- 8.5. KIEWIT CORPORATION
- 8.5.1. Company overview
- 8.5.2. Operating business segments
- 8.5.3. Business performance
- 8.5.4. Key strategic moves and developments
- 8.6. KOMATSU LTD
- 8.6.1. Company overview
- 8.6.2. Operating business segments
- 8.6.3. Business performance
- 8.6.4. Key strategic moves and developments
- 8.7. LAING OROURKE
- 8.7.1. Company overview
- 8.7.2. Operating business segments
- 8.7.3. Business performance
- 8.7.4. Key strategic moves and developments
- 8.8. LARSEN & TOUBRO LIMITED
- 8.8.1. Company overview
- 8.8.2. Operating business segments
- 8.8.3. Business performance
- 8.8.4. Key strategic moves and developments
- 8.9. RED SEA HOUSING SERVICES
- 8.9.1.Company overview
- 8.9.2.Operating business segments
- 8.9.3. Business performance
- 8.9.4. Key strategic moves and developments
- 8.10. TAISEI CORPORATION
- 8.10.1. Company overview
- 8.10.2. Operating business segments
- 8.10.3. Business performance
- 8.10.4. Key strategic moves and developments
- LIST OF TABLES
- TABLE 1 PRECAST CONSTRUCTION MARKET REVENUE, BY PRODUCT TYPE, 2020-2030 ($MILLION)
- TABLE 2 PRECAST COLUMNS & BEAMS CONSTRUCTION MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 3 PRECAST FLOORS & ROOFS MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 4 PRECAST WALLS MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 5 PRECAST STAIRCASES MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 6 PRECAST GIRDERS MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 7 PRECAST PAVEMENT SLABS MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 8 OTHER PRECAST ELEMENTS MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 9 PRECAST CONSTRUCTION MARKET REVENUE, BY CONSTRUCTION TYPE, 2020-2030 ($MILLION)
- TABLE 10 PRECAST MODULAR CONSTRUCTION MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 11 PRECAST MANUFACTURED HOMES MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 12 PRECAST CONSTRUCTION MARKET REVENUE, BY END USER SECTOR, 2020-2030 ($MILLION)
- TABLE 13 RESIDENTIAL PRECAST CONSTRUCTION MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 14 NON-RESIDENTIAL PRECAST CONSTRUCTION MARKET REVENUE, BY REGION, 2020-2030 ($MILLION)
- TABLE 15 PRECAST CONSTRUCTION MARKET, BY REGION, 2020-2030 ($MILLION)
- TABLE 16 NORTH AMERICA PRECAST CONSTRUCTION MARKET, BY END USE SECTOR, 2020-2030 ($MILLION)
- TABLE 17 NORTH AMERICA PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE, 2020-2030 ($MILLION)
- TABLE 18 NORTH AMERICA PRECAST CONSTRUCTION MARKET, BY COUNTRY, 2020-2030 ($MILLION)
- TABLE 19 EUROPE PRECAST CONSTRUCTION MARKET, BY END USE SECTOR, 2020-2030 ($MILLION)
- TABLE 20 EUROPE PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE, 2020-2030 ($MILLION)
- TABLE 21 EUROPE PRECAST CONSTRUCTION MARKET, BY COUNTRY, 2020-2030 ($MILLION)
- TABLE 22 ASIA-PACIFIC PRECAST CONSTRUCTION MARKET, BY END USE SECTOR, 2020-2030 ($MILLION)
- TABLE 23 ASIA-PACIFIC PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE, 2020-2030 ($MILLION)
- TABLE 24 ASIA-PACIFIC PRECAST CONSTRUCTION MARKET, BY COUNTRY, 2020-2030 ($MILLION)
- TABLE 25 LAMEA PRECAST CONSTRUCTION MARKET, BY END USE SECTOR, 2020-2030 ($MILLION)
- TABLE 26 LAMEA PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE, 2020-2030 ($MILLION)
- TABLE 27 LAMEA PRECAST CONSTRUCTION MARKET, BY REGION, 2020-2030 ($MILLION)
- TABLE 28 ACS GROUP: COMPANY SNAPSHOT
- TABLE 29 ACS GROUP: OPERATING SEGMENTS
- TABLE 30 BALFOUR BEATTY PLC: COMPANY SNAPSHOT
- TABLE 31 BALFOUR BEATTY PLC: OPERATING SEGMENTS
- TABLE 32 BOUYGUES CONSTRUCTION: COMPANY SNAPSHOT
- TABLE 33 BOUYGUES CONSTRUCTION: OPERATING SEGMENTS
- TABLE 34 JULIUS BERGER NIGERIA PLC: COMPANY SNAPSHOT
- TABLE 35 JULIUS BERGER NIGERIA PLC: OPERATING SEGMENTS
- TABLE 36 KIEWIT CORPORATION: COMPANY SNAPSHOT
- TABLE 37 KIEWIT CORPORATION: OPERATING SEGMENTS
- TABLE 38 KOMATSU LTD: COMPANY SNAPSHOT
- TABLE 39 KOMATSU LTD: OPERATING SEGMENTS
- TABLE 40 LAING OROURKE: COMPANY SNAPSHOT
- TABLE 41 LARSEN & TOUBRO LIMITED: COMPANY SNAPSHOT
- TABLE 42 LARSEN & TOUBRO LIMITED: OPERATING SEGMENTS
- TABLE 43 RED SEA HOUSING SERVICES: COMPANY SNAPSHOT
- TABLE 44 RED SEA HOUSING SERVICES: OPERATING SEGMENTS
- TABLE 45 TAISEI CORPORATION: COMPANY SNAPSHOT
- TABLE 46 TAISEI CORPORATION: OPERATING SEGMENTS
- LIST OF FIGURES
- FIGURE 1. PRECAST CONSTRUCTION MARKET: MARKET SNAPSHOT
- FIGURE 2. GLOBAL PRECAST CONSTRUCTION MARKET SEGMENTATION
- FIGURE 3. TOP INVESTMENT POCKETS OF PRECAST CONSTRUCTION MARKET
- FIGURE 4. TOP IMPACTING FACTORS OF GLOBAL PRECAST CONSTRUCTION MARKET
- FIGURE 5. BARGAINING POWER OF SUPPLIERS
- FIGURE 6. BARGAINING POWER OF SUPPLIERS
- FIGURE 7. THREAT OF SUBSTITUTES
- FIGURE 8. THREAT OF NEW ENTRANTS
- FIGURE 9. COMPETITIVE RIVALRY
- FIGURE 10. PRECAST CONSTRUCTION MARKET, BY PRODUCT TYPE, 2020 & 2030 (%)
- FIGURE 11. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PRECAST COLUMNS & BEAMS, BY REGION 2020 & 2030
- FIGURE 12. GLOBAL PRECAST COOLUMNS & BEAMS MARKET, 2020-2030($MILLION)
- FIGURE 13. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PRECAST FLOORS & ROOFS, BY REGION 2020 & 2030
- FIGURE 14. GLOBAL PRECAST FLOORS & ROOFS MARKET , 2020-2030 ($MILLION)
- FIGURE 15. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PRECAST WALLS, BY REGION 2020 & 2030
- FIGURE 16. GLOBAL PRECAST WALLS MARKET, 2020-2030 ($MILLION)
- FIGURE 17. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PRECAST STAIRCASES, BY REGION 2020 & 2030
- FIGURE 18. GLOBAL PRECAST STAIRCASE MARKET, 2020-2030 ($MILLION)
- FIGURE 19. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PRECAST GIRDERS, BY REGION 2020 & 2030
- FIGURE 20. GLOBAL PRECAST GIRDERS MARKET, 2020-2030 ($MILLION)
- FIGURE 21. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PRECAST PAVEMENT SLABS, BY REGION 2020 & 2030
- FIGURE 22. GLOBAL PRECAST PAVING SLABS MARKET, 2020-2030 ($MILLION)
- FIGURE 23. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF OTHER PRECAST ELEMENTS, BY REGION 2020 & 2030
- FIGURE 24. GLOBAL OTHER PRECAST CONSTRUCTION ELEMENTS MARKET, 2020-2030 ($MILLION)
- FIGURE 25. GLOBAL PRECAST CONSTRUCTION MARKET, BY CONSTRUCTION TYPE, 2020 & 2030 (%SHARE)
- FIGURE 26. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF MODULAR CONSTRUCTION, BY REGION 2020 & 2030
- FIGURE 27. GLOBAL PRECAST MODULAR CONSTRUCTION MARKET REVENUE, 2020-2030 ($MILLION)
- FIGURE 28. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF MANUFACTURED HOMES, BY REGION 2020 & 2030
- FIGURE 29. GLOBAL PRECAST MANUFACTURED HOMES MARKET REVENUE, 2020-2030 ($MILLION)
- FIGURE 30. GLOBAL PRECAST CONSTRUCTION MARKET, BY END-USE SECTOR, 2020 & 2030 (%SHARE)
- FIGURE 31. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF RESIDENTIAL PRECAST CONSTRUCTIONS, BY REGION 2020 & 2030
- FIGURE 32. GLOBAL RESIDENTIAL PRECAST CONSTRUCTION MARKET REVENUE, 2020 & 2030 ($MILLION)
- FIGURE 33. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF NON-RESIDENTIAL PRECAST CONSTRUCTION, BY REGION 2020 & 2030
- FIGURE 34. GLOBAL NON-RESIDENTIAL PRECAST CONSTRUCTION MARKET REVENUE, 2020 & 2030 ($MILLION)
- FIGURE 35. PRECAST CONSTRUCTION MARKET SHARE, BY REGION, 2015(%)
- FIGURE 36. COMPARATIVE PRECAST CONSTRUCTION MARKET SHARE ANALYSIS OF NORTH AMERICAN MARKET, BY END USER, 2020 & 2030 (%)
- FIGURE 37. U.S. PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 38. CANADA PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 39. MEXICO PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 40. COMPARATIVE PRECAST CONSTRUCTION MARKET SHARE ANALYSIS OF EUROPE MARKET, BY END USER, 2020 & 2030 (%)
- FIGURE 41. UK PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 42. GERMANY PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 43. FRANCE PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 44. ITALY PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 45. REST OF EUROPE PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 46. COMPARATIVE PRECAST CONSTRUCTION MARKET SHARE ANALYSIS OF NORTH AMERICAN MARKET, BY END USER, 2020 & 2030 (%)
- FIGURE 47. CHINA PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 48. JAPAN PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 49. AUSTRALIA PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 50. SOUTH KOREA PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 51. REST OF ASIA-PACIFIC PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 52. COMPARATIVE PRECAST CONSTRUCTION MARKET SHARE ANALYSIS OF NORTH AMERICAN MARKET, BY END USER, 2020 & 2030 (%)
- FIGURE 53. LATIN AMERICA PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 54. MIDDLE EAST PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
- FIGURE 55. AFRICA PRECAST CONSTRUCTION MARKET, 2020-2030 ($MILLION)
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