Precast Concrete Market Size Worth $ 139.33 Billion By 2028: Grand View Research Inc.

San Francisco, 20 Aug 2021: The Report Precast Concrete Market Size, Share & Trends Analysis Report By Product (Structural Building Components, Transportation Products), By End-use (Residential, Infrastructure), By Region, And Segment Forecasts, 2021 – 2028

The global precast concrete market size is expected to reach USD 139.33 billion by 2028 registering a CAGR of 5.3%, according to a new report by Grand View Research Inc. Growing product utilization in the residential construction industry to reduce the overall cost of construction is expected to drive the market growth over the forecast period. China, India, Indonesia, and Vietnam are some of the major Asian economies that are witnessing an infrastructure boom. Thus, growing investments in the construction of underground and over the ground metro rail projects, bridges, tunnels, subways, and high-speed rail networks are anticipated to provide a major boost to the global market.

The product use helps the construction companies to achieve economies of scale, reduce overall labor requirements, and ensure the quality of the finished concrete modules. In addition, it also helps in speeding up the overall process and helps achieve significant savings, in terms of the overall time and cost required to complete the project. Key players in the market have undertaken several strategies, such as joint venture agreements with the local construction companies, to access the local markets. For instance, companies, such as Gulermak A.S. and Shanghai Tunnel Engineering Company are successfully carrying out metro rail construction projects in India in partnership with local companies.

Access Research Report of Precast Concrete Market @ https://www.grandviewresearch.com/industry-analysis/precast-concrete-market

Precast Concrete Market Report Highlights

• In China, the structural building components segment is expected to grow at a CAGR 7.3% over the forecast period on account of the growing adoption of precast building structural piles and other foundational structures
• In 2020, the revenue for the residential end-use segment in the North America region stood at USD 10.62 billion owing to wide usage of precast architectural building components, such as walls, staircases, and bathroom pods, in residential construction
• In India, the infrastructure end-use segment is expected to grow at the fastest CAGR of 8.6% over the forecast period
• This growth can be attributed to the growing investments in the construction of various infrastructure projects, such as metro rail, high-speed train network, and bridges
• Technological advancements in concrete admixtures and construction chemicals are having a positive impact on the global market as these products help reduce the required curing time for the concrete and help reduce the overall construction time

List of Key Players of Precast Concrete Market

• Boral Ltd.
• Lafarge
• Gulf Precast Concrete Co. LLC
• Olson Precast Company
• CEMEX S.A.B. de C.V.
• Forterra
• Tindall Corporation
• Spancrete
• ELO Beton
• Gulermak A.S.

Access Press Release of Precast Concrete Market @ https://www.grandviewresearch.com/press-release/global-precast-concrete-market

Precast Concrete Market Size Is Poised To Reach USD 139.33 Billion By 2028: Grand View Research Inc.

San Francisco, 5 April 2021: The Report Precast Concrete Market Size, Share & Trends Analysis Report By Product (Structural Building Components, Transportation Products), By End-use (Residential, Infrastructure), By Region, And Segment Forecasts, 2021 – 2028

The global precast concrete market size is expected to reach USD 139.33 billion by 2028 registering a CAGR of 5.3%, according to a new report by Grand View Research Inc. Growing product utilization in the residential construction industry to reduce the overall cost of construction is expected to drive the market growth over the forecast period. China, India, Indonesia, and Vietnam are some of the major Asian economies that are witnessing an infrastructure boom. Thus, growing investments in the construction of underground and over the ground metro rail projects, bridges, tunnels, subways, and high-speed rail networks are anticipated to provide a major boost to the global market.

The product use helps the construction companies to achieve economies of scale, reduce overall labor requirements, and ensure the quality of the finished concrete modules. In addition, it also helps in speeding up the overall process and helps achieve significant savings, in terms of the overall time and cost required to complete the project. Key players in the market have undertaken several strategies, such as joint venture agreements with the local construction companies, to access the local markets. For instance, companies, such as Gulermak A.S. and Shanghai Tunnel Engineering Company are successfully carrying out metro rail construction projects in India in partnership with local companies.

Access Research Report of Precast Concrete Market @ https://www.grandviewresearch.com/industry-analysis/precast-concrete-market

Precast Concrete Market Report Highlights

• In China, the structural building components segment is expected to grow at a CAGR 7.3% over the forecast period on account of the growing adoption of precast building structural piles and other foundational structures
• In 2020, the revenue for the residential end-use segment in the North America region stood at USD 10.62 billion owing to wide usage of precast architectural building components, such as walls, staircases, and bathroom pods, in residential construction
• In India, the infrastructure end-use segment is expected to grow at the fastest CAGR of 8.6% over the forecast period
• This growth can be attributed to the growing investments in the construction of various infrastructure projects, such as metro rail, high-speed train network, and bridges
• Technological advancements in concrete admixtures and construction chemicals are having a positive impact on the global market as these products help reduce the required curing time for the concrete and help reduce the overall construction time

List of Key Players of Precast Concrete Market

• Boral Ltd.
• Lafarge
• Gulf Precast Concrete Co. LLC
• Olson Precast Company
• CEMEX S.A.B. de C.V.
• Forterra
• Tindall Corporation
• Spancrete
• ELO Beton
• Gulermak A.S.

Access Press Release of Precast Concrete Market @ https://www.grandviewresearch.com/press-release/global-precast-concrete-market

Precast Concrete Market Size Is Poised To Reach USD 139.33 Billion By 2028: Grand View Research Inc.

San Francisco, 22 Feb 2021: The Report Precast Concrete Market Size, Share & Trends Analysis Report By Product (Structural Building Components, Transportation Products), By End-use (Residential, Infrastructure), By Region, And Segment Forecasts, 2021 – 2028

The global precast concrete market size is expected to reach USD 139.33 billion by 2028 registering a CAGR of 5.3%, according to a new report by Grand View Research Inc. Growing product utilization in the residential construction industry to reduce the overall cost of construction is expected to drive the market growth over the forecast period. China, India, Indonesia, and Vietnam are some of the major Asian economies that are witnessing an infrastructure boom. Thus, growing investments in the construction of underground and over the ground metro rail projects, bridges, tunnels, subways, and high-speed rail networks are anticipated to provide a major boost to the global market.

The product use helps the construction companies to achieve economies of scale, reduce overall labor requirements, and ensure the quality of the finished concrete modules. In addition, it also helps in speeding up the overall process and helps achieve significant savings, in terms of the overall time and cost required to complete the project. Key players in the market have undertaken several strategies, such as joint venture agreements with the local construction companies, to access the local markets. For instance, companies, such as Gulermak A.S. and Shanghai Tunnel Engineering Company are successfully carrying out metro rail construction projects in India in partnership with local companies.

Access Research Report of Precast Concrete Market @ https://www.grandviewresearch.com/industry-analysis/precast-concrete-market

Precast Concrete Market Report Highlights

• In China, the structural building components segment is expected to grow at a CAGR 7.3% over the forecast period on account of the growing adoption of precast building structural piles and other foundational structures
• In 2020, the revenue for the residential end-use segment in the North America region stood at USD 10.62 billion owing to wide usage of precast architectural building components, such as walls, staircases, and bathroom pods, in residential construction
• In India, the infrastructure end-use segment is expected to grow at the fastest CAGR of 8.6% over the forecast period
• This growth can be attributed to the growing investments in the construction of various infrastructure projects, such as metro rail, high-speed train network, and bridges
• Technological advancements in concrete admixtures and construction chemicals are having a positive impact on the global market as these products help reduce the required curing time for the concrete and help reduce the overall construction time

List of Key Players of Precast Concrete Market

• Boral Ltd.
• Lafarge
• Gulf Precast Concrete Co. LLC
• Olson Precast Company
• CEMEX S.A.B. de C.V.
• Forterra
• Tindall Corporation
• Spancrete
• ELO Beton
• Gulermak A.S.

Access Press Release of Precast Concrete Market @ https://www.grandviewresearch.com/press-release/global-precast-concrete-market

Precast Concrete Market is Predicted to Observe a Tremendous Growth, With a CAGR of 6.3% From 2020 To 2027: Grand View Research Inc.

San Francisco, 7 May 2020: The Report Precast Concrete Market Size, Share & Trends Analysis Report By Product Type (Structural, Architectural, Transportation, Water & Waste Handling), By End Use, By Region, And Segment Forecasts, 2020 – 2027

The global precast concrete market size is expected to reach USD 145.91 billion by 2027, according to a new report published by Grand View Research, Inc. It is expected to exhibit a revenue-based CAGR of 6.3% during the forecast period. Rising awareness regarding the superior quality and convenience offered by the product is expected to aid the growth.

Key industry participants are involved in technological innovations for developing new products in order to consolidate their market position. Rising consumer demand for high-quality products are projected to open up growth avenues for the new market entrants during the forecast period.

Asia Pacific is anticipated to remain the key regional market for precast concrete, due to the significant economic growth of the region. In addition, the presence of huge construction industry in China and India is anticipated to provide a large market for precast concrete products.

Manufacturers focusing on producing quality precast products to meet rising consumer demand for precast concrete. High competition in the residential and nonresidential construction sector has compelled market players to implement superior and low maintenance yet cost-effective solutions to gain a competitive edge.

Access Research Report of Precast Concrete Market @ https://www.grandviewresearch.com/industry-analysis/precast-concrete-market

Further key findings from the report suggest:

• Structural building components has emerged as the largest product segment and accounted for 36.3% of the market revenue share in 2019, on account of its rising use in affordable housing projects
• Infrastructure is expected to witness the fastest CAGR of 6.9% over the forecast period, owing to increase in spending by various governments for development of public infrastructure
• Asia Pacific accounted for the largest market share in 2019 and is expected to reach USD 67.0 billion by 2027, owing to factors such as rapid urbanization, industrialization, and rising infrastructural development
• Highly developed economy, growing construction spending combined with highly skilled workforce and growing R&D initiatives to encourage innovative products are the factors expected to aid the product demand in U.S reaching USD 16.12 billion in 2019
• Precast concrete market key players are focusing on expanding their business in emerging economies in Asia Pacific to increase their footprint in high potential markets

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global precast concrete market on the basis of product, end use, and region:

Precast Concrete Product Outlook (Revenue, USD Billion, 2016 – 2027)

• Structural Building Components
• Architectural Building Components
• Transportation Products
• Water & Waste Handling Products
• Others

Precast Concrete End-use Outlook (Revenue, USD Billion, 2016 – 2027)

• Residential
• Nonresidential
• Infrastructure

Precast Concrete Regional Outlook (Revenue, USD Billion, 2016 – 2027)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Precast Concrete Market @ https://www.grandviewresearch.com/press-release/global-precast-concrete-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Precast Concrete Market Progressing At A CAGR of 6.1% Over The Forecast Period From 2018 – 2025: Grand View Research Inc.

San Francisco, 12 December 2019: The Report Precast Concrete Market Size, Share & Trends Analysis Report By Product Type (Structural, Architectural, Transportation, Water & Waste Handling), By End Use, By Region, And Segment Forecasts, 2018 – 2025

The global precast concrete market size is expected to reach USD 130.11 billion by 2025, according to a report by Grand View Research, Inc., registering a CAGR of 6.1% during the forecast period. Rapid urbanization and population explosion have triggered real estate development in emerging countries such as China, India, Brazil, Malaysia, and South Africa, which, in turn, is anticipated to drive the market over the forecast period.

Precast concrete is an advanced building material and practical solution for fast construction. Precast construction in comparison to conventional construction requires less time and resources. Additionally, precast construction is eco-friendly as it emits very less CO₂ in the environment compared to normal concrete construction.

Structural building components are anticipated to form the fastest-growing segment owing to their extensive use in various constructions. Short construction span offered by the product is the main growth driver for this segment.

Governments around the globe are planning to provide affordable housing to those falling under middle and lower class, which is anticipated to further boost residential construction. Increasing urbanization has resulted in creating global demand for better transportation systems. As countries develop plans to meet this soaring demand, the transportation segment is expected to register significant growth in the coming years, with majority demand stemming from countries such as India and China.

Some of the major players are investing heavily in research and development of new and improved products with high strength. Key players are also investing in logistics as precast products require shipping to construction sites.

Access Research Report of Precast Concrete Market @ https://www.grandviewresearch.com/industry-analysis/precast-concrete-market

Further key findings from the report suggest:

• The structural building components segment is anticipated to register the fastest growth in terms of revenue, exhibiting a CAGR of 6.5% over the forecast period. Cost and time savings offered by the type make it attractive for use in most construction activities
• Residential is the largest end-use segment in the global market. Push for affordable housing by governments across the globe is likely to spur demand for precast concrete in this segment
• Asia Pacific is expected to be the largest as well as the fastest-growing regional market, registering a CAGR of 8.1% over the coming years. Rapidly growing population and mega infrastructure projects by governments in the region are expected to boost market demand over the forecast period
• Many major players have invested in research and development activities to develop efficient and affordable products. Companies are also focusing on expanding their businesses in developing countries.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global precast concrete market on the basis of product type, end use, and region:

Precast Concrete Product Type Outlook (Revenue, USD Billion, 2014 – 2025)

• Structural Building Components
• Architectural Building Components
• Transportation Products
• Water & Waste Handling Products
• Others

Precast Concrete End-use Outlook (Revenue, USD Billion, 2014 – 2025)

• Residential
• Nonresidential
• Infrastructure

Precast Concrete Regional Outlook (Revenue, USD Billion, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Precast Concrete Market @ https://www.grandviewresearch.com/press-release/global-precast-concrete-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Precast Concrete Market Progressing At A CAGR 6.1% Over The Forecast Period From 2017 – 2025: Grand View Research Inc.

San Francisco, 30 April 2019: The Report Precast Concrete Market Size, Share & Trends Analysis Report By Product Type (Structural, Architectural, Transportation, Water & Waste Handling), By End Use, By Region, And Segment Forecasts, 2018 – 2025

The global Precast Concrete Market size is expected to reach USD 130.11 billion by 2025, according to a report by Grand View Research, Inc., registering a CAGR of 6.1% during the forecast period. Rapid urbanization and population explosion have triggered real estate development in emerging countries such as China, India, Brazil, Malaysia, and South Africa, which, in turn, is anticipated to drive the market over the forecast period.

Precast concrete is an advanced building material and practical solution for fast construction. Precast construction in comparison to conventional construction requires less time and resources. Additionally, precast construction is eco-friendly as it emits very less CO₂ in the environment compared to normal concrete construction.

Structural building components are anticipated to form the fastest-growing segment owing to their extensive use in various constructions. Short construction span offered by the product is the main growth driver for this segment.

Governments around the globe are planning to provide affordable housing to those falling under middle and lower class, which is anticipated to further boost residential construction. Increasing urbanization has resulted in creating global demand for better transportation systems. As countries develop plans to meet this soaring demand, the transportation segment is expected to register significant growth in the coming years, with majority demand stemming from countries such as India and China.

Some of the major players are investing heavily in research and development of new and improved products with high strength. Key players are also investing in logistics as precast products require shipping to construction sites.

Access Research Report of Precast Concrete Market @ www.grandviewresearch.com/industry-analysis/precast-concrete-market

Further key findings from the report suggest:

• The structural building components segment is anticipated to register the fastest growth in terms of revenue, exhibiting a CAGR of 6.5% over the forecast period. Cost and time savings offered by the type make it attractive for use in most construction activities
• Residential is the largest end-use segment in the global market. Push for affordable housing by governments across the globe is likely to spur demand for precast concrete in this segment
• Asia Pacific is expected to be the largest as well as the fastest-growing regional market, registering a CAGR of 8.1% over the coming years. Rapidly growing population and mega infrastructure projects by governments in the region are expected to boost market demand over the forecast period
• Many major players have invested in research and development activities to develop efficient and affordable products. Companies are also focusing on expanding their businesses in developing countries.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global precast concrete market on the basis of product type, end use, and region:

Precast Concrete Product Type Outlook (Revenue, USD Billion, 2014 – 2025)

• Structural Building Components
• Architectural Building Components
• Transportation Products
• Water & Waste Handling Products
• Others

Precast Concrete End-use Outlook (Revenue, USD Billion, 2014 – 2025)

• Residential
• Nonresidential
• Infrastructure

Precast Concrete Regional Outlook (Revenue, USD Billion, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Precast Concrete Market @ www.grandviewresearch.com/press-release/global-precast-concrete-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com