Press release
Precast Construction Global Market Report 2025: Prospects, Trends and Market Drivers
Precast Construction Market Size
What Is The Projected Market Size Of The Global Precast Construction Market And Its Growth Rate?
The precast construction market is projected to witness a steady growth in the coming years due to various factors:
• The market size will grow from $144.98 billion in 2024 to $151.38 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%.
• It will further grow to $187.04 billion in 2029 at a CAGR of 5.4%.
• Key growth drivers include architectural versatility, regulatory changes, advancement in manufacturing techniques, and energy-efficient building trends.
What Is Driving The Growth In The Precast Construction Market?
The surge in urbanization and industrialization is driving the precast construction market. The rise in middle-class income has led to a change in consumption patterns, generating demand for high-quality, time-efficient construction services. The increase in the urban population to 56.2% has led to higher demand for such construction services. For instance, India plans to spend $1.4 trillion on infrastructure between 2019 and 2023 to foster the country's development. Thus, the surge in infrastructure and construction projects is driving the precast construction market.
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Who Are the Key Players Driving Precast Construction Market Growth?
Key players in the precast construction market include:
- Saint-Gobain SA
- Bouygues Construction
- CRH plc
- Holcim Group
- LafargeHolcim Ltd.
- Larsen & Toubro Ltd.
- CEMEX S.A.B. de C.V
- IRCON International
- Taisei Corporation
- Balfour Beatty plc, Betonmast
- Forterra Pipe and Precast LLC.
What Are The Key Trends In The Precast Construction Market?
Key trends include:
• Collaborative project delivery models
• Advanced material science applications
• Efficiency and labor optimization
• Resilience and disaster mitigation
• Prefabrication and modularization
What Are The Segments Of The Global Precast Construction Market?
The precast construction market can be segmented as follows:
- By Structure System: Beam & Column System, Floor & Roof System, Bearing Wall System, Facade System
- By Construction Type: Modular, Manufactured Homes
- By End User: Residential, Non-residential
Which Region Leads The Precast Construction Market?
Asia-Pacific region was the largest in the precast construction market in 2024 and is expected to be the fastest-growing region in this market. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Precast Construction Global Market Report?
- Market Size Analysis: Analyze the Precast Construction Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Precast Construction Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Precast Construction Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Precast Construction Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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