Precast Concrete Market Demand Analysis by Share, Trends and Forecast 2026 | SKANSKA AB, Coltman Precast Concrete Limited, Jensen Precast
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The global precast concrete market is forecast to reach USD 168.17 Billion by 2026, according to a new report by Reports and Data. The increasing residential construction activities across the globe, coupled with the rising population, are propelling the growth of the market. Rapid urbanization and industrialization will also drive the demand for precast concrete during the forecast period.
Key participants include:
SKANSKA AB, Coltman Precast Concrete Limited, Jensen Precast, Tindall Corporation, Molin Concrete Products Company, Inc., Taiheiyo Cement, Coreslab Structures, Heidelberg Cement AG, CRH, Larsen & Toubro Limited, SMEET, and Metromont Corporation, among others.
Product Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
Floors & Roofs
Walls & Barriers
Columns & Beams
Construction type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
Permanent Modular Buildings
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Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
Structural Building Components
Water & Waste Handling Products
Architectural Building Component
End-User Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
Regional Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
Major selling points of this research report:
-Gives the reader a holistic comprehension of the global market.
-Identifies the recent trends and estimated growth rate for the forecast duration.
-Helps industry experts, investors, and other participants implement lucrative expansion approaches.
-Provides accurate market insights to take informed decisions through presentations and other tools.
-Outlines the competitive landscapes with the individual market share of top vendors.
Further key findings from the report suggest:
o Among the construction types, elemental construction is anticipated to witness the fastest growth of 6.6% during the forecast period. The elemental construction include a diverse range of completed projects for commercial and residential applications and their renovations.
o The precast concrete waste and water handling products account for the largest market share of ~24% in the year 2018. Water and waste handling products produced from precast concrete include manholes, septic tanks, water & sewer system components, hazardous material containers, grease interceptors, and other products.
o The demand for the products in the residential market will be a crucial driver of the waste and water handling products segment's growth, as advances in housing starts and manufactured housing placements boost septic tank demand. In the non-building sector, increase in water and sewer construction spending will spur demand for water & sewer system components, manholes, and other products.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/precast-concrete-market
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Precast construction, also known as prefabricated construction, finds application in the construction of structures or buildings where most of the structural components are standard and made in plants located away from the construction site. They are then transported to the site for installation. Precast construction involves mass production of components and hence offers several advantages, such as optimum time management, increased efficiency, consistent quality and cost effectiveness. Besides these factors,