Global Precast Concrete Market 2024-2028

Global Precast Concrete Market 2024-2028

The precast concrete market is forecasted to grow by USD 21.87 bn during 2023-2028, accelerating at a CAGR of 4.11% during the forecast period. The report on the precast concrete market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing urbanization and industrialization, need for reduced construction time and cost-effective products, and cities evolving into emergencies.

Technavio's precast concrete market is segmented as below:

By End-user

• Non-residential
• Residential

By Product

• Building components
• Transportation
• Water and water handling
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the increasing investments in construction industry as one of the prime reasons driving the precast concrete market growth during the next few years. Also, increase in number of mergers and acquisitions (M&A) in precast concrete industry and adoption of new technologies and materials will lead to sizable demand in the market.

The report on the precast concrete market covers the following areas:

• Precast concrete market sizing
• Precast concrete market forecast
• Precast concrete market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading precast concrete market vendors that include Balfour Beatty Plc, Boral Ltd., CEMEX SAB de CV, Consolis Group SAS, CRH Plc, EBAWE Anlagentechnik GmbH, Elematic Oyj, Gulf Precast Concrete Co. LLC, Heidelberg Materials AG, Holcim Ltd., Julius Berger Nigeria Plc, Kiewit Corp., Larsen and Toubro Ltd., Prilhofer Consulting GmbH and Co. KG, QUIKRETE Holdings Inc., Skanska AB, Spiroll Precast Services Ltd., The Wells Companies, Tindall Corp., and Weckenmann Anlagentechnik GmbH and Co. KG. Also, the precast concrete market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.