Precast Concrete Market was valued at USD 104.22 Billion in 2022, and it is expected to reach USD 148.62 Billion by 2029, exhibiting a CAGR of 5.2 % during the forecast period (2023-2029)
Precast Concrete Market Overview:
The construction industry’s high demand for structural building components is expected to make them the product type with the fastest rate of growth over the forecast period. This category includes a wide range of precast products used as joints, pillars, and columns in the construction of both residential and commercial buildings. Precast façade, slabs, and other products are being used more and more in the building of manufacturing and industrial facilities.
Precast structural construction components are very appealing and require little to no maintenance, which increases demand for the product during the forecast period. In addition, using precast concrete beams, columns, and other building elements lowers the price of building supplies. Precast concrete also has a longer service life and facilitates the building process, which leads to high product demand in both commercial and residential construction operations.
1. Kiewit Corporation (US)
2. Bison Manufacturing (US)
3. Coreslab (Canada)
4. Atco Group (Canada)
5. CEMEX S.A.B. de C.V. (Mexico)
6. Laing O’Rourke (UK)
7. Coltman Precast Concrete (UK)
8. Balfour Beatty plc (UK)
9. Aggregate Industries Ltd. (UK)
10. Atlas Concrete Ltd. (UK)
11. Weckenmann (Germany)
12. ACS Group (Spain)
13. Bouygues Construction (France)
14. LafargeHolcim (Switzerland)
15. Elematic (Finland)
16. Skanska(Sweden)
17. Larsen & Toubro Limited (India)
18. Taisei Corporation (Japan)
19. Komatsu Ltd (Japan)
20. OKA Corporation BHD (Malaysia)
21. Balcrom Limited (New Zealand)
22. Red Sea Housing Services (Saudi Arabia)
23. Julius Berger Nigeria Plc (Nigeria)
Precast Concrete Market Regional Analysis:
The Precast Concrete market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Precast Concrete market share and will continue to be a major shareholder in the global Precast Concrete market.
COVID-19 Impact Analysis on Precast Concrete Market: The COVID-19 impact on the Precast Concrete market is also included in the report
Key Questions Answered in the Precast Concrete Market Report are:
- What will be the CAGR of the Precast Concrete market during the forecast period?
- Which segment emerged as the leading segment in the Precast Concrete market?
- Which are the prominent players in the Precast Concrete market?
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