Precast Construction Market Projected to Expand at a 6.3% CAGR BY 2022

Key players in the market are conducting extensive research on the precast technology and its suitability. The precast construction technology is making strides into the construction industry in emerging markets by offering solutions that enhance efficiency by around 70% compared to the traditional construction methods.

The global precast construction market size was estimated to be $120,222 million in 2015 and is expected to reach $185,232 million by 2022 growing at a CAGR of 6.3%, according to a new report published by Allied Market Research.

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The global precast construction market is segmented based on product type, construction type, and end-user sector. Based on the type of products, the precast construction market is segmented into columns & beams, floors & roofs, walls, staircases, girders, paving slabs, and others. Columns & beams are the most dominant product type constituting for around 24.5% of the overall market in 2015.

The non-residential segment dominates the market in 2015 accounting for $83,978 million in 2015. The expertise of precast construction companies in project management, design, manufacturing, and on-site erection of precast elements enables them to offer tailored, cost-effective solutions for non-residential constructions.

Key Findings of Precast Construction Market
o Modular constructions market accounted for $99,236 million in 2015 and is expected to grow at a CAGR of 6.8% during the forecast period.
o Precast girders market is expected to grow at a CAGR of 6.7%.
o Non-residential is expected to grow at a CAGR of 6.6% during the forecast period.
o Asia-Pacific is expected to be the fastest growing regional market with a CAGR of 7.2%.

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By geography, the precast construction market is analyzed across four regions, namely North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the most dominant geographical market in 2015, is estimated to grow at a CAGR of 7.2% due to increase in construction expenditure in the emerging countries of China, India, and other South East Asia.

CHAPTER1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

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