Dublin, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The "Precast Concrete - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Precast Concrete is estimated at US$117.0 Billion in 2023 and is projected to reach US$192.4 Billion by 2030, growing at a CAGR of 7.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the precast concrete market is driven by several factors. Firstly, the increasing demand for efficient and cost-effective construction methods to meet the growing urbanization and infrastructure development is a major driver. Secondly, advancements in precast concrete technologies, such as high-performance concrete and integrated sensors, are enhancing the durability and performance of precast components.
Thirdly, the rising emphasis on sustainability and green building practices is encouraging the use of precast concrete due to its reduced waste generation and ability to incorporate recycled materials. Additionally, the need for faster construction times and reduced labor costs is propelling the adoption of precast concrete. Lastly, the expansion of infrastructure projects, including transportation, utilities, and commercial buildings, is further driving the demand for precast concrete components.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Precast Columns & Beams segment, which is expected to reach US$62.9 Billion by 2030 with a CAGR of a 7.8%. The Precast Floors & Roofs segment is also set to grow at 6.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $21.1 Billion in 2023, and China, forecasted to grow at an impressive 9.4% CAGR to reach $58.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Boral Ltd., CRH PLC, Cemex S.A.B. de C.V., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Precast Concrete Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 481 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $117 Billion |
| Forecasted Market Value (USD) by 2030 | $192.4 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Economic Volatility and Construction Market Dynamics Redesign Growth Patterns
- Recovery in Construction Sector to Boost Growth
- Global Construction Spending (in US$ Trillion) for the Years 2020-2028
- Competition
- Precast Concrete - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Precast Concrete: An Introduction
- Advantages of Precast Concrete
- Disadvantages of Precast Concrete
- Global Market Outlook and Prospects
- Dynamic Factors Laying Strong Foundation for Growth of Precast Concrete Market
- Regional Analysis
- Developing Markets Drive Growth of the Precast Concrete Market
- Developed Regions Also Hold a Significant Share
- Non-Residential Sector Accounts for a Major Share
- Market Challenges
- Recent Market Activity
- Select Global Brands
MARKET TRENDS & DRIVERS
- Major Trends Influencing the Precast Concrete Market
- Innovative Precast Technologies in Current Times
- Swift Improvement in Real-Estate Fundamentals to Boost Precast Concrete Demand
- Rising Global Population & Rapid Urbanization Drive Demand for Precast Concrete
- Growing Environmental Consciousness Drives Widespread Adoption of Precast Concrete
- Emergence of Smart City Infrastructure, Precast Concrete Market Poised for Robust Growth
- Smart Homes Drive Demand for Prefabricated Concrete Market
- Increasing Emphasis on Sustainability to Drive the Market for Precast Concrete
- Major Trends in the Concrete Technology Vertical
- Construction Trends Augur Well for Precast Concrete
- Structural Building Components & Infrastructure: Offering Brighter Prospects to Precast Concrete Market
- Precast Concrete Emerges as Mainstream Option for Metro Projects
- Precast Concrete Wall Panels: Merits, Downsides & Alternatives
- Precast Concrete and Innovations in Sports Arenas
- Emerging Technology Ensures Concrete Future for Precast Concrete
- Precast Concrete Built on Industry Byproducts
- High-Performance, Durable Precast Concrete
- Concrete for Air Purification & Travel
- Precast Concrete Technology: Evolving Continuously with Project Demands
- Technology Advancements Bode Well for Market Growth of Precast Concrete
- Self-healing Concrete
- Graphic Concrete
- Light-Generating Concrete
- Translucent Cement
- High Performance Concrete (HPC)
- Corrosion Inhibitors & Waterproofing Agents
- Smog Eating Concrete
- Pervious Concrete
- Blended Cements
- Ultra-High Performance Concrete (UHPC)
FOCUS ON SELECT PLAYERS(Total 91 Featured)
- Boral Ltd.
- CRH PLC
- Cemex S.A.B. de C.V.
- Aggregate Industries Ltd.
- Contech Engineered Solutions LLC
- Balfour Beatty PLC
- Bouygues Construction
- Coltman Precast Concrete Limited
- Concrete Pipe and Precast LLC
- A.J. Foss, Inc.
- Bonna Sabla
- Capital Precast, Inc.
- Barro Group
- Elematic Oyj
- Balcrom Limited
For more information about this report visit https://www.researchandmarkets.com/r/7t9ond
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