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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Precast Concrete Products Market: By Product, By Construction Type, By End-user and Geography
Precast Concrete Products Market: By Product, By Construction Type, By End-user and Geography
Precast Concrete Products Market size was valued at US$ 144.6 billion in 2023 and is poised to grow at a significant CAGR of 6.6% from 2024-2030. This report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes on the basis of product, construction type, end user and region. This report studies global precast concrete products market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global precast concrete products market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in the market. There are few drivers which help in the significant growth such as changing behavior pattern of contractor and customers towards a well innovative and cost-effective building technique and increase of income. Key restraints which hamper the growth of global precast concrete products market economic downturn and inconsistent transportation charges. Intense opportunity is provided by the rising construction project in different sector at different region, sustainably help the global market. Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
In March 2018, Bouygues Construction, through its subsidiary Bouygues Betiment Ile-de-France, signed a contract with Abu Dhabi Investment Authority (ADIA) to build Alto Tower at La Defense in Paris, valued at US$ 221.3 million.
Study Period
2024-2030Base Year
2023CAGR
6.6%Largest Market
Asia PacificFastest Growing Market
Europe
It is noticed that the global precast concrete products market has a significant market growth rate on the evaluation the demand for high quality products. Reduction in the human labor, cost saving, fewer resources such as cement, steel, water, less weight in the construction site is the basic requirement of the ideal product. Precast Concrete Products showcase a significant ideal product which match the perspective hence providing a high-quality product with numerous benefits. The level of user quality is determined in simple fashion if all or most users are interested in the same parameter of quality hence boosting the global precast concrete products market
Asia Pacific contributed major revenue followed by Europe and Asia Pacific. In 2019, Asia Pacific region accounted huge growth rate and is anticipated to grow with a forecast year on the perspective of rising disposal income and changing modern construction technic is augmented to provide a safe working platform which boost the market. North America contribute a market share of 25.09% with the help of significant market players and increase in construction of buildings. Europe dominate the market with the intense investment and innovation which help the global precast concrete products market to boom.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 144.6 billion |
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Market CAGR |
6.6% |
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By Product |
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By Construction Type |
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By End User |
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By Region |
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The global precast concrete products market size was valued at US$ 144.6 billion in 2023 and is projected to grow at a CAGR of 6.6% from 2024 to 2030.
The Precast concrete products market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Precast concrete products market key players Actividades de Construccion y Servicios (Spain), Bouygues Construction (France), Larsen & Toubro (India), Taisei (Japan), Balfour Beatty (UK), Skanska (Sweden), CRH (UK), Cemex S.A.B.DE C.V. (Mexico), Laing O'Rourke (UK), Julius Berger Nigeria (Nigeria)
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.