Global Precast Concrete Market 2023-2029

Precast concrete is a type of building material produced by casting concrete into molds, which are then cured and transported to the construction site for installation. Precast concrete is generally more cost-effective than traditional cast-in-place concrete as it requires less labor and can be produced under controlled conditions in a plant. Precast components can be produced both faster and with fewer labor costs and delays. According to the latest research, the global precast concrete market is poised to grow by USD 35.2 billion during 2023-2029, progressing at a CAGR of 4.79% during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global precast concrete market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for precast concrete can be segmented by product: structural building components, architectural building components, transportation products, water & waste handling products, others. The structural building components segment is estimated to account for the largest share of the global precast concrete market. Precast concrete market is further segmented by end user: residential, non-residential, infrastructure, others. The infrastructure segment held the largest revenue share in 2022. Based on region, the precast concrete market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, Asia-Pacific made up the largest share of the precast concrete market.

The transportation products market is further segmented into road, rail, others. The road segment held the largest share of the global precast concrete market in 2022 and is anticipated to hold its share during the forecast period. Furthermore, the water & waste handling products market has been categorized into wastewater, water, stormwater. In 2022, the wastewater segment made up the largest share of revenue generated by the precast concrete market. The commercial market is further divided into complex, malls, others. Among these, the complex segment was accounted for the highest revenue generator in 2022. The infrastructure market is further segmented into metro, bridges, others. The metro segment held the largest share of the global precast concrete market in 2022 and is anticipated to hold its share during the forecast period.

Market Segmentation
By product: structural building components, architectural building components, transportation products, water & waste handling products, others
By end user: residential, non-residential, infrastructure, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America



The report has also analysed the competitive landscape of the global precast concrete market with some of the key players being Boral Limited, CEMEX S.A.B. de C.V., Forterra plc, Olson Precast Company, Spancrete Corporation, The Holcim Group, Tindall Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global precast concrete market.
• To classify and forecast the global precast concrete market based on product, end user, region.
• To identify drivers and challenges for the global precast concrete market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global precast concrete market.
• To identify and analyze the profile of leading players operating in the global precast concrete market.

Why Choose This Report
• Gain a reliable outlook of the global precast concrete market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.