Global precast construction market expected to expand at a rapid pace due to the increasing demand for new construction across the globe.
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Precast construction components are broadly used for structures such as walls, staircases, girders, lintels, floors & roofs, beams & columns, and paving slabs. The use of precast components in beams and columns is increasing due to the change in the preferences of builders and contractors.
The non-residential buildings segment dominated the market in 2015 and is projected to be the fastest-growing end-user sector in the next five years. As a result of the rise in urbanization and industrialization, this market is mostly driven by the upward surge in the demand for new constructions across the world.
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Increase in public and private investment in the infrastructure sector in the emerging economies of Asia-Pacific, the Middle East, and Latin America are drivers of this growth. The use of precast construction components in the non-residential sector is expected to rise in the near future.
Precast Construction market is projected to witness substantial growth in the next few years with the increase in demand for new constructions across the world, owing to the rapid urbanization and industrialization with large-scale investments in industrial and infrastructure sectors. Rise in construction activities in emerging economies and increase in inclination toward sustainable construction methods are increasing the reliance on modern construction techniques, thus creating growth opportunities for the precast construction market.
The eco-friendly appeal of precast construction components and techniques, and its acceptance have helped it to enter the global market. Many innovations in designs & technological advancements have been witnessed by the industry in the last decade.
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The precast construction market is expected to expand at a rapid pace due to the increasing demand for new construction across the globe. During the recent times, there has been an increase in the investments in public and the private infrastructure sectors in major economies.
This is expected to drive the market for precast construction in the next few years. The ease associated with the use of precast components, its advantages over onsite components and rapid rate of urbanization and industrialization at the global level are the major factors augmenting the precast construction market.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
- Grupo ACS
- Balfour Beatty PLC
- Komatsu Ltd.
- Bouygues Construction
- Julius Berger Nigeria PLC.
- Red Sea Housing Services
- Taisei Corporation
- Kiewit Corporation
- Laing O’rourke
- L&T India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Modular Construction
- Manufactured Homes
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By Application, the market can be split into
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