Precast Concrete Market is expected to grow at 5.4% CAGR
[220 Pages Report]?According to a new market research report?"#precastconcrete Market by Type (Dry/semi-dry concrete, Wet Concrete), Construction Type (Elemental Constructions, Permanent Modular Building, Relocatable Buildings), Application, Product Type, End User (Residential and Non-Residential), Region (#northamerica, #southamerica, #asiapacific, #middleeast, #africa, #europe) – Global Market Size, Key Trends, Growth Opportunities, Major Players and Global Forecast to 2028"?published by Mettleleaf ?is expected to grow at a?CAGR of 5.4%.?from the year 2018 – 2028.
Market Drivers
Gradual shift of the construction industry towards precast concrete method owing to its ability to reduce time, cost, labour along with enhanced construction quality through process standardization that ensures high quality control and better finish is one of the major factors driving the growth of the market. Further, growing emphasis on green building projects, prominent industry participants are involved in technological innovations to develop new products, increasing initiatives by various governments for the development of their respective economies, rapid urbanization and industrialization in emerging economies along with infrastructural growth has continuously encouraged urban construction projects, expanding construction industry across the major regions due to growing investments in infrastructural development. Moreover, countries including India, China, Indonesia & Brazil are investing in the residential construction activities owing to the growing mid-income group and their changing lifestyles are some factors driving the growth of Precast Concrete Market.
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Market Segmentation:
Asia Pacific Region is expected to grow at the fastest rate over the forecast period?(2022 – 2028)
Asia Pacific Region is expected to grow at the fastest rate over the forecast period. Growth of the region is attributed to factors such as expansion of the construction industry owing to rapid economic development and increasing government initiatives towards the infrastructural development. Further, growing disposable income of the population in the developing nations and increasing population in these developing nations represents a strong customer base. Moreover, tremendous growth in the residential and non-residential construction industry, time efficient, cost effective and low maintenance solutions are driving the growth of Precast Concrete in the Asia Pacific region.
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Company Profiles
The major players in the HOLCIM, CEMEX S.A.B. de C.V., Boral, CRH plc, Laing O’Rourke, Balfour Beatty, Julius Berger Nigeria Plc., Gulf Precast Concrete Co., LLC, Tindall Corporation, Olson Precast Company, Forterra, ELO Beton, Spancrete, Larsen & Toubro, and HEIDELBERGCEMENT AG,?among others domestic and global players.???
The study includes an in-depth competitive analysis of these key players in the Precast Concrete market with their company profiles, recent developments, and key market strategies.
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Precast Concrete Market Segmentation
Precast Concrete Market by?Type
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Precast Concrete Market by Construction Type
Precast Concrete Market by Application
Precast Concrete Market by Product Type
Precast Concrete Market by End User
Precast Concrete Market by Region
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