Precast Construction Market Current Largest And Fastest-Growing Regions Analysis Till 2030

According to a new report published by Allied Market Research, titled, The global precast construction market size was valued at $139.1 billion in 2021 and is projected to reach $227.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.

Precast construction is also known as prefabricated construction. Precast construction is used in construction of buildings with repetitive elements and designs, such as schools and apartments. These prefabricated components are then transported to the place of use and assembled. The precast construction technique is used to manufacture custom components such as column, slabs, walls, stairs, beams, and others.

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Leading Players:

The key players operating in the precast construction market include ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria plc, Kiewit Corporation, Komatsu Ltd., Laing O' Rourke, Larsen & Turbo Limited, Red Sea Housing Services, and Taisei Corporation.

The precast construction market is segmented into product type, construction type, end user, and region. On the basis of product type, the market is divided into columns & beams, floors & roofs, walls, staircases, girders, pacing slabs, and others. The columns & beams segment dominated the market in 2020. On the basis of construction type, the market is divided into modular and manufactured homes. The modular segment is expected to generate the highest revenue during the forecast period. On the basis of end user, the market is segmented into residential and non-residential. In 2020, the non-residential segment held the largest market revenue share.

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Key Market Segments

BY PRODUCT TYPE
Columns & beams
Walls
Floors & Roofs
Staircases
Girders
Paving Slabs
Others

BY CONSTRUCTION TYPE
Modular
Manufactured homes

Key Findings Of Study

-The report provides an extensive analysis of the current and emerging global precast construction market trends and dynamics.
-By product type, columns & beams segment dominated the market, in terms of revenue in 2020.
-By construction type, the modular segment registered highest growth in the global precast construction market share in 2020.
-By end user, the non-residential segment is projected to register the highest growth rate in the coming years.
-The report provides an extensive analysis of the trends and emerging opportunities of the market.

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This release was published on openPR.