Asia-pacific Precast Concrete Market Forecast 2022-2030

Asia-pacific Precast Concrete Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific precast concrete market is set to grow with a CAGR of 5.59% over the forecasted period of 2022 to 2030. The regional market’s growth is credited to increasing governmental investments in mega projects, easy land availability, a rise in per capita income among middle-class economies, and rapid infrastructural development.

MARKET INSIGHTS

The Asia-Pacific precast concrete market growth assessment entails the in-depth study of South Korea, Indonesia, Singapore, Taiwan, China, Japan, India, Australia & New Zealand, and Rest of Asia-Pacific. Some of the key drivers propelling the growth of the construction industry in India include the rising population, the rapidly developing industrial sector, and an improved gross domestic product (GDP). These aspects will likely play an important role in fueling the demand for precast concrete over the upcoming years. Moreover, the industry’s expansion is further set to be bolstered by the growing foreign direct investments in the nation, coupled with an increasing number of foreign businesses entering the Indian market.

On the other hand, South Korea is regarded as a notable center for the production of electrical goods. The country is also one of the top manufacturers of cell phones, semiconductors, as well as other electrical devices. On account of the increasing investments in the avenue of residential development, the construction industry in South Korea is expected to expand significantly. As a result, these factors are set to boost the demand for precast concrete, consequently propelling the growth of the market in the Asia-Pacific during the forecast period.

COMPETITIVE INSIGHTS

Prominent operating in the market are Taisei Corporation, Larsen & Toubro Limited, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments