The global precast construction market size was accounted for $138.12 billion in 2018 and is projected to reach $210.33 billion by 2026, registering a CAGR of 8.7% during the period 2019 to 2026.
Rise in urbanization and industrialization in the developing countries, high efficiency of precast construction, and surge in need for the development of low-cost residential units have boosted the growth of the precast construction market. However, lack of confidence in precast construction in the earthquake-prone regions and dearth of skilled labor in the developing countries hamper the market growth. On the contrary, increasing investment in infrastructure is expected to create lucrative opportunities for market players in the near future.
Columns & beams segment holds the largest share
The columns & beams segment held the largest market share in 2017, contributing nearly half of the total market and is expected to continue its dominance throughout the study period. This is attributed to its flexibility in design, shape, and application in construction activities. However, the paving slabs segment is projected to register the fastest CAGR of 7.2% during the forecast period, as it enhances safety during construction and has the potential to produce higher quality pavements. The report includes other segments such as walls, staircases, and girders.
Non-residential: Most lucrative segment in the industry
The non-residential segment is expected to manifest the fastest CAGR of 8.9% during the study period, owing to high demand for low-cost housing due to increasing urban population in both developed and developing countries. Moreover, the segment held the largest share in 2017, contributing nearly three-fourths of the total market. The report also includes an analysis of the residential segment.
Modular construction to manifest fastest growth
The modular construction segment is projected to register the fastest CAGR of 8.2% through 2026, and reaped about four-fifths of the total market, contributing the largest share in 2017. The report analyzes another segment of manufactured homes.
Asia-Pacific region to retain largest market share
Asia-Pacific region accounted for the largest share in 2017, contributing nearly half of the market, owing to increase in demand for residential construction. The report includes analysis of the other regions such as North America, Europe, and LAMEA.
The report analyzes and forecasts the precast construction market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global precast construction market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the precast construction market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of precast construction market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Competitive Landscape is the most valuable part of this report
The major players profiled in the report are ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria plc, Kiewit Corporation, Komatsu Ltd, Laing O’Rourke, Larsen & Toubro Limited, Red Sea Housing Services, and Taisei Corporation.
Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market. This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.
By Product Type
Columns & Beams
Floors & Roofs
By End-user Sector
By Construction Type
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Global Textile Printing Machine Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Green Coatings Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Precast Construction Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Oilfield Chemicals Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Molded Plastics Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...