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Precast Concrete Market Trends

Report ID: GMI5139
Published Date: Jul 2023
Report Format: PDF

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Precast Concrete Market Trends

Increasing prominence of modular and prefabricated construction will drive the adoption of precast concrete. The adoption of precast concrete in modular and prefabricated construction methods provides numerous benefits, including improved quality control, accelerated construction schedules, and design flexibility. Precast concrete has grown popular as an integral component of modern construction practices to enable faster, efficient, and sustainable building solutions. Rising incorporation in demanding construction applications will also enhance the market outlook.

Authors: Kiran Pulidindi, Saurabh Bhalerao

Frequently Asked Questions (FAQ) :

The precast concrete industry size is estimated to record over 5.6% CAGR from 2023-2032, due to the rapid rate of urbanization and industrialization mainly across the developing countries.

The infrastructure sector segment holds over 40% of the precast concrete market share driven by the thriving rail & road transportation worldwide.

Asia Pacific precast concrete market size is set to gain significant momentum through 2032 driven by the incessant need for rapid as well as sustainable construction solutions.

Some of the key precast concrete firms include HOLCIM, CEMEX S.A.B. de C.V., Boral, CRH plc, Laing O’Rourke, Balfour Beatty, Julius Berger Nigeria Plc., Gulf Precast Concrete Co., LLC, Tindall Corporation, and Olson Precast Company