Learn about the global precast construction market through The Business Research Company, which provides information on precast construction market size, precast construction market drivers and restraints, precast construction market players, the COVID-19 impact on the precast construction market, and more.

The global precast construction market is expected to grow from $126.77 billion in 2021 to $133.57 billion in 2022 at a compound annual growth rate (CAGR) of 5.36%. The global precast construction market size is expected to reach $163.09 billion in 2026 at a CAGR of 5.12%.

The growth in urbanization and industrialization is expected to propel the precast construction market.

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The precast construction market consists of sales of precast construction by entities (organizations, sole traders, and partnerships) that refer to a building material made by casting concrete in a reusable form. Precast construction technology consists of various precast elements and some customized elements that are standardized and designed for stability. It consists of the large panel, frame, slab-column system with the shear wall, erection sequence, beams, and others. The purpose of precast construction is to build and design substantial buildings that can manage loads better by avoiding the need for additional columns and beams.

Global Precast Construction Market Segments Include:

By Structure System: Beam and Column System, Floor and Roof System, Bearing Wall System, Facade System

By Construction Type: Modular, Manufactured Homes

By End User: Residential, Non-Residential

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global precast construction market in 2021.

Sustainable construction techniques are a key trend that is gaining popularity in precast construction. The construction industry consumes a lot of natural resources. However, with the growing threat of climate change and finite natural resources, construction firms are under increasing pressure to reduce their environmental impact. The improvement of efficiency and assurance of sustainable development in construction depends on the broader application of progressive technologies, government regulations, controlling cost, materials, and modern methods of sustainable construction techniques.

TBRC’s Precast Construction Market Report Covers:

Major Market Players: CRH plc, Bouygues Construction, Larsen & Toubro Limited, Taisei Corporation, Balfour Beatty plc, Kiewit Corporation, Laing O’Rourke, Julius Berger Nigeria Plc, Red Sea Housing Services, ACS Group, Elematic, LafargeHolcim, Coltman Precast Concrete Limited, and Cemex S.A.B. de C.V.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Precast Construction Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides precast construction market overviews, analyzes and forecasts market size, share, precast construction market players, precast construction market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s precast construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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