Market Overview:
The global precast construction market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for precast construction in the non-residential and residential applications across the globe. Precast construction offers various advantages such as time savings, improved quality, reduced wastage, and increased safety as compared to traditional construction methods. These advantages are driving the demand for precast construction in various end-use industries such as infrastructure, commercial buildings, and residential buildings. The floors & roofs segment is expected to dominate the global precast construction market during the forecast period owing to its growing demand in non-residential applications across the globe.
Product Definition:
Precast construction is the process of casting concrete components in a factory and transporting them to the construction site for assembly. The use of precast concrete reduces on-site labor costs, time, and material waste.
Floors & Roofs:
Floors & roofs are the integral part of any building structure. They provide both thermal and acoustic insulation, protect the interior from extreme weather conditions, and add aesthetic value to a building. The growth in global construction industry is expected to drive demand for floors & roofs in precast concrete construction market over the forecast period.
The usage of traditional materials such as wood, steel and cement has been declining rapidly on account of increasing awareness regarding their harmful effects on environment due to manufacturing.
Walls & Barriers:
Walls and barriers are used in precast construction for the protection of cast-in walls, floors and other structures. They also provide a safe working environment for the workers as well as pedestrians. The various types of walls and barriers include drywall, metal panels, wood panels among others which can be customized according to client requirements.
Application Insights:
The non-residential segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the rapid expansion of commercial structures, including shopping malls, office buildings and industrial complexes. Non-residential construction requires large number of precast concrete components as compared to residential structure as they are required to support heavy equipment such as cranes and diggers on a daily basis.
Precast concrete components are used in residential applications for constructing walls, floors & roofs, utility vaults and girders & beams among others.
Regional Analysis:
Asia Pacific dominated the global precast construction market in 2016 and is expected to continue its dominance over the forecast period. The region is anticipated to witness significant growth owing to increasing infrastructure spending by various governments, coupled with rising investments in residential sector. In addition, growing industrialization and rapid urbanization are also contributing towards regional growth.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2016 owing to increased focus on infrastructural development along with growing demand for non-residential buildings such as hospitals, schools, colleges etc., especially from U.S.
Growth Factors:
- Increasing demand for precast construction in the developing countries owing to the growing population and rapid urbanization.
- Rising investments in infrastructure development projects across the globe, which is expected to drive the demand for precast construction products and services.
- Growing awareness about the benefits of using precast construction techniques among architects, engineers, and contractors worldwide.
- Technological advancements in manufacturing processes of precast concrete products that are helping to reduce overall project costs and time-to-completion schedules.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precast Construction Market Research Report
By Type
Floors & Roofs, Walls & Barriers, Columns & Beams, Utility Vaults, Girders, Pipes, Paving slabs
By Application
Non-residential, Residential
By Companies
ACS Group, Bechtel, CSCEC, Larsen & Toubro (L&T), VINCI, Balfour Beatty, Bouygues Construction, Daiwa House Group, Granite Construction, Kiewitas, ACS Group, Skanska, TAISEI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Precast Construction Market Report Segments:
The global Precast Construction market is segmented on the basis of:
Types
Floors & Roofs, Walls & Barriers, Columns & Beams, Utility Vaults, Girders, Pipes, Paving slabs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Non-residential, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ACS Group
- Bechtel
- CSCEC
- Larsen & Toubro (L&T)
- VINCI
- Balfour Beatty
- Bouygues Construction
- Daiwa House Group
- Granite Construction
- Kiewitas
- ACS Group
- Skanska
- TAISEI
Highlights of The Precast Construction Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Floors & Roofs
- Walls & Barriers
- Columns & Beams
- Utility Vaults
- Girders
- Pipes
- Paving slabs
- By Application:
- Non-residential
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precast Construction Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major companies in the precast construction market are ACS Group, Bechtel, CSCEC, Larsen & Toubro (L&T), VINCI, Balfour Beatty, Bouygues Construction, Daiwa House Group, Granite Construction, Kiewitas, ACS Group, Skanska, TAISEI.
The precast construction market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precast Construction Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precast Construction Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precast Construction Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precast Construction Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precast Construction Market Size & Forecast, 2018-2028
4.5.1 Precast Construction Market Size and Y-o-Y Growth
4.5.2 Precast Construction Market Absolute $ Opportunity
Chapter 5 Global Precast Construction Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Precast Construction Market Size Forecast by Type
5.2.1 Floors & Roofs
5.2.2 Walls & Barriers
5.2.3 Columns & Beams
5.2.4 Utility Vaults
5.2.5 Girders
5.2.6 Pipes
5.2.7 Paving slabs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precast Construction Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Precast Construction Market Size Forecast by Applications
6.2.1 Non-residential
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precast Construction Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precast Construction Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Precast Construction Analysis and Forecast
9.1 Introduction
9.2 North America Precast Construction Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Precast Construction Market Size Forecast by Type
9.6.1 Floors & Roofs
9.6.2 Walls & Barriers
9.6.3 Columns & Beams
9.6.4 Utility Vaults
9.6.5 Girders
9.6.6 Pipes
9.6.7 Paving slabs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Precast Construction Market Size Forecast by Applications
9.10.1 Non-residential
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Precast Construction Analysis and Forecast
10.1 Introduction
10.2 Europe Precast Construction Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Precast Construction Market Size Forecast by Type
10.6.1 Floors & Roofs
10.6.2 Walls & Barriers
10.6.3 Columns & Beams
10.6.4 Utility Vaults
10.6.5 Girders
10.6.6 Pipes
10.6.7 Paving slabs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Precast Construction Market Size Forecast by Applications
10.10.1 Non-residential
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Precast Construction Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precast Construction Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Precast Construction Market Size Forecast by Type
11.6.1 Floors & Roofs
11.6.2 Walls & Barriers
11.6.3 Columns & Beams
11.6.4 Utility Vaults
11.6.5 Girders
11.6.6 Pipes
11.6.7 Paving slabs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Precast Construction Market Size Forecast by Applications
11.10.1 Non-residential
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Precast Construction Analysis and Forecast
12.1 Introduction
12.2 Latin America Precast Construction Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Precast Construction Market Size Forecast by Type
12.6.1 Floors & Roofs
12.6.2 Walls & Barriers
12.6.3 Columns & Beams
12.6.4 Utility Vaults
12.6.5 Girders
12.6.6 Pipes
12.6.7 Paving slabs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Precast Construction Market Size Forecast by Applications
12.10.1 Non-residential
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Precast Construction Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precast Construction Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Precast Construction Market Size Forecast by Type
13.6.1 Floors & Roofs
13.6.2 Walls & Barriers
13.6.3 Columns & Beams
13.6.4 Utility Vaults
13.6.5 Girders
13.6.6 Pipes
13.6.7 Paving slabs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Precast Construction Market Size Forecast by Applications
13.10.1 Non-residential
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precast Construction Market: Competitive Dashboard
14.2 Global Precast Construction Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ACS Group
14.3.2 Bechtel
14.3.3 CSCEC
14.3.4 Larsen & Toubro (L&T)
14.3.5 VINCI
14.3.6 Balfour Beatty
14.3.7 Bouygues Construction
14.3.8 Daiwa House Group
14.3.9 Granite Construction
14.3.10 Kiewitas
14.3.11 ACS Group
14.3.12 Skanska
14.3.13 TAISEI
