San Francisco, 29 April , Precast Concrete Market Size, Share &
Trends Analysis Report By Product Type (Structural, Architectural,
Transportation, Water & Waste Handling), By End Use, By Region, And Segment
Forecasts, 2018 - 2025
The global precast concrete market size is expected to reach
USD 130.11 billion by 2025, according to a report by Grand View Research, Inc.,
registering a CAGR of 6.1% during the forecast period. Rapid urbanization and
population explosion have triggered real estate development in emerging
countries such as China, India, Brazil, Malaysia, and South Africa, which, in
turn, is anticipated to drive the market over the forecast period.
Precast concrete is an advanced building material and
practical solution for fast construction. Precast construction in comparison to
conventional construction requires less time and resources. Additionally,
precast construction is eco-friendly as it emits very less CO2 in the environment
compared to normal concrete construction.
Structural building components
are anticipated to form the fastest-growing segment owing to their extensive
use in various constructions. Short construction span offered by the product is
the main growth driver for this segment.
Governments around the globe
are planning to provide affordable housing to those falling under middle and
lower class, which is anticipated to further boost residential construction.
Increasing urbanization has resulted in creating global demand for better
transportation systems. As countries develop plans to meet this soaring demand,
the transportation segment is expected to register significant growth in the
coming years, with majority demand stemming from countries such as India and
China.
Some of the major players are
investing heavily in research and development of new and improved products with
high strength. Key players are also investing in logistics as precast products
require shipping to construction sites.
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Report On Precast Concrete Market Analysis:
Further key findings from the report suggest:
·
The structural building
components segment is anticipated to register the fastest growth in terms of
revenue, exhibiting a CAGR of 6.5% over the forecast period. Cost and time
savings offered by the type make it attractive for use in most construction
activities
·
Residential is the largest
end-use segment in the global market. Push for affordable housing by
governments across the globe is likely to spur demand for precast concrete in
this segment
·
Asia Pacific is expected to be
the largest as well as the fastest-growing regional market, registering a CAGR
of 8.1% over the coming years. Rapidly growing population and mega
infrastructure projects by governments in the region are expected to boost
market demand over the forecast period
·
Many major players have
invested in research and development activities to develop efficient and
affordable products. Companies are also focusing on expanding their businesses
in developing countries.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global precast concrete market on the basis of product type, end use, and
region:
Precast Concrete Product Type
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Structural Building Components
·
Architectural Building
Components
·
Transportation Products
·
Water & Waste Handling
Products
·
Others
Precast Concrete End-use
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Residential
·
Nonresidential
·
Infrastructure
Precast Concrete Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-precast-concrete-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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