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The global precast concrete market was valued at USD 129.11 Billion in 2023 and grew at a CAGR of 6.97% from 2024 to 2033. The market is expected to reach USD 253.27 Billion by 2033. The demand for precast concrete is increasing due to the rising investment in commercial and residential applications.
Precast concrete is created by pouring concrete into a mould at a factory or facility. After curing, the concrete product is delivered to the building site and installed as a completed item. These big concrete panels can be used for inside or external wall construction. They are made in various sizes and shapes based on the specific load requirements and are used to give structural support to buildings or bridges. Precast concrete offers several advantages when repairing damaged concrete structures, including cost, ease of construction, excellent quality, and durability. Precast concrete is a material that is movable and is cast in one location for use in another. Precast manufacture is mostly done in the facilities of specialized suppliers, though occasionally, because of access issues, product size, or economic and geographic considerations, the elements are cast on or close to the construction site.
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Usage across different applications: Precast concrete is utilized in parking facilities in various ways. For instance, columns, paving slabs, architectural veneer, and stairways are made using precast concrete. Large-level, mid-rise, and single-level parking facilities all use precast concrete. Concrete precast foundations are used in many buildings, including residential ones. As precast concrete materials offer a moisture-free and energy-efficient basement, they are a popular alternative for many conventional products. Many organizations utilize these precast concrete walls because they are a great way to block out undesirable noise. Precast concrete may endure harsh climates even with continuous use and persist for many decades. It is perfect for many agricultural applications, such as slurry channels, cattle grids, concrete panels, and bunker silos. Precast concrete is an excellent material for wastewater and water industries since it may contain or hold oil, water, or other liquids.
High investment: A large initial investment is needed for the heavy and complex machinery to build a precast concrete plant. To guarantee enough profit, a sizable number of precast construction projects must be accessible. Thus, the high investment in precast concrete manufacturing reduces demand for industrial and infrastructural applications.
Expansion of the construction industry: Trends in the international construction industry have rapidly evolved during the past few decades. In both industrialized and developing regions, there has been a rise in the construction of residential and commercial buildings. Additionally, the market expansion for precast concrete has been fueled by the quickening pace of urbanization and rising per capita income. In addition, the regional government has expanded the amount of money it has set aside for infrastructure development. Governments worldwide, particularly those in developing nations, have introduced several initiatives to encourage the growth of commercial spaces. The rapidly increasing global population will increase demand for civil engineering and general building, even as economic factors continue to play a part in the construction industry's global expansion. The construction industry has been the most affected by the invention and use of precast concrete of all the industries concerned.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant precast concrete market, with a 42.14% market revenue share in 2023.
Asia-Pacific region will account for the largest market share with revenue growth. Nations such as India, China and Japan have a tremendous demand for precast concrete due to growing commercial, residential and industrial usage. Further, the growing population in the region is promoting the growth of the construction industry. Many end-users are utilizing cost-effective and low-maintenance solutions, which are leading to high demand for precast concrete. Modern construction is on the rise in the region, and these buildings require the use of precast concrete.
Asia-Pacific Region Precast Concrete Market Share in 2023 - 42.14%
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The product type segment is divided into architectural building components, waste & water handling products, transportation products, structural building components and others. The structural building components segment dominated the market, with a share of around 42.88% in 2023. The main load-bearing elements of a structure are its structural components, each of which has unique structural characteristics that must be considered. Any structure's foundation is its most important structural element, and more failures than any other reason are likely the result of poor foundation construction.
The construction type segment is divided into permanent modular buildings, elemental constructions and relocate buildings. The elemental constructions segment dominated the market, with a share of around 51.55% in 2023. Buildings constructed using the elemental construction method are composed of precast concrete plant components. The three elemental construction supplies include cement, ready-mix concrete, aggregates, and additional building supplies.
The end-users segment is divided into commercial, residential, and industrial. The commercial segment dominated the market, with a share of around 51.05% in 2023. Precast concrete is a quick and affordable building material that works well to construct commercial structures. Precast concrete panels are the perfect building material for various commercial projects, including office, warehouse and showroom development.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 129.11 Billion |
| Market size value in 2033 | USD 253.27 Billion |
| CAGR (2024 to 2033) | 6.97% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Construction Type and End-users |
As per The Brainy Insights, the size of the precast concrete market was valued USD 129.11 billion in 2023 to USD 253.27 billion by 2033.
Global precast concrete market is growing at a CAGR of 6.97% during the forecast period 2024-2033.
Asia Pacific region emerged as the largest market for the precast concrete.
The market's growth will be influenced by the rising usage of precast concrete in different applications.
The high instalment cost of manufacturing machinery can hamper the market growth.
The rising investment in construction industry is providing lucrative opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Construction Type
4.3.3. Market Attractiveness Analysis by End-users
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing use of precast concrete in different applications
5.3. Restraints
5.3.1. High installation cost of machinery
5.4. Opportunities
5.4.1. Increasing growth of construction industry
5.5. Challenges
5.5.1. Handling difficulties
6. Global Precast Concrete Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Architectural Building Components
6.3. Waste & Water Handling Products
6.4. Transportation Products
6.5. Structural Building Components
6.6. Others
7. Global Precast Concrete Market Analysis and Forecast, By Construction Type
7.1. Segment Overview
7.2. Permanent Modular Building
7.3. Elemental Constructions
7.4. Relocate Buildings
8. Global Precast Concrete Market Analysis and Forecast, By End-users
8.1. Segment Overview
8.2. Commercial
8.3. Residential
8.4. Industrial
9. Global Precast Concrete Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Precast Concrete Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Precast Concrete Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Boral Ltd.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Gulf Precast Concrete Co. LLC
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Olson Precast Company
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Forterra Pipe
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. CEMEX S.A.B. de C.V.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Tindall Corp.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Precast LLC
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Komatsu Ltd.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Kiewit Corporation
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Balfour Beatty plc
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Laing O’Rourke
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. ACS Group
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Bouygues Construction
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Larsen & Toubro Limited
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Taisei Corporation
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Elematic
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
List of Table
1. Global Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
2. Global Architectural Building Components, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
3. Global Waste & Water Handling Products, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
4. Global Transportation Products, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
5. Global Structural Building Components, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
6. Global Others, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
7. Global Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
8. Global Permanent Modular Building, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
9. Global Elemental Constructions, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
10. Global Relocate Buildings, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
11. Global Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
12. Global Commercial, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
13. Global Residential, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
14. Global Industrial, Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
15. Global Precast Concrete Market, By Region, 2020 - 2033 (USD Billion)
16. North America Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
17. North America Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
18. North America Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
19. U.S. Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
20. U.S. Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
21. U.S. Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
22. Canada Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
23. Canada Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
24. Canada Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
25. Mexico Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
26. Mexico Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
27. Mexico Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
28. Europe Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
29. Europe Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
30. Europe Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
31. Germany Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
32. Germany Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
33. Germany Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
34. France Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
35. France Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
36. France Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
37. U.K. Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
38. U.K. Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
39. U.K. Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
40. Italy Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
41. Italy Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
42. Italy Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
43. Spain Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
44. Spain Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
45. Spain Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
46. Asia Pacific Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
47. Asia Pacific Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
48. Asia Pacific Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
49. Japan Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
50. Japan Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
51. Japan Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
52. China Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
53. China Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
54. China Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
55. India Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
56. India Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
57. India Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
58. South America Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
59. South America Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
60. South America Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
61. Brazil Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
62. Brazil Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
63. Brazil Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
64. Middle East and Africa Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
65. Middle East and Africa Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
66. Middle East and Africa Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
67. UAE Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
68. UAE Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
69. UAE Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
70. South Africa Precast Concrete Market, By Product Type, 2020 - 2033 (USD Billion)
71. South Africa Precast Concrete Market, By Construction Type , 2020 - 2033 (USD Billion)
72. South Africa Precast Concrete Market, By End-users, 2020 - 2033 (USD Billion)
List of Figures
1. Global Precast Concrete Market Segmentation
2. Precast Concrete Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Precast Concrete Market Attractiveness Analysis by Product Type
9. Global Precast Concrete Market Attractiveness Analysis by Construction Type
10. Global Precast Concrete Market Attractiveness Analysis by End-users
11. Global Precast Concrete Market Attractiveness Analysis by Region
12. Global Precast Concrete Market: Dynamics
13. Global Precast Concrete Market Share by Product Type (2023 & 2033)
14. Global Precast Concrete Market Share by Construction Type (2023 & 2033)
15. Global Precast Concrete Market Share by End-users (2023 & 2033)
16. Global Precast Concrete Market Share by Regions (2023 & 2033)
17. Global Precast Concrete Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global precast concrete market based on below mentioned segments:
Global Precast Concrete Market by Product Type:
Global Precast Concrete Market by Construction Type:
Global Precast Concrete Market by End-users:
Global Precast Concrete Market by Region:
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The data procurement stage involves in data gathering and collecting through various data sources.
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