According to a new market report published by Lucintel, the future of the precast concrete market looks promising with opportunities in both the residential and non-residential construction. The global precast concrete market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are reduced construction time and cost, increased concern toward work-zone safety, reduced environmental impacts, and ease of installation and removal of the structure.
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Precast concrete is a construction product produced by casting concrete in a reusable mold or "form" which is then cured in a controlled environment, transported to the construction site and lifted into place. In this market, elemental, permanent modular, and relocatable are the major construction types of precast concrete. Lucintel forecasts that elemental will remain the largest segment over the forecast period as there are growing construction projects in Asia Pacific and Middle East region coupled with growing government backed infrastructure development projects.
Within this market, residential will remain the largest segment by application over the forecast period due to increasing construction of new residential buildings, renovations, and rising restructuring activities.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increase in construction activities of residential and non-residential buildings, the rise in population, and economic development of the region.
Actividades de Construcción, Bouygues Construction, Larsen & Toubro, Taisei, Balfour Beatty, Skanska, CRH, Cemex, Laing O’Rourke, and Julius Berger are among the major suppliers in the global precast concrete market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global precast concrete market by element, construction type, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Precast Concrete Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global precast concrete market by element, construction type, end use, and region as follows:
By Element [Value ($ Million) shipment analysis for 2014 – 2025]:
Columns & Beams
Floors & Roofs
Girders
Walls & Barriers
Utility Vaults
By Construction Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Elemental
Permanent Modular
Relocatable
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential
Non-Residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
A 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.