Pre-cast Construction Market

The global Pre-cast Construction market was valued at USD 128.11 Billion in 2020 and is projected to reach USD 208.39 Billion by 2028, growing at a CAGR of 6.27% from 2021 to 2028.

Prefabricated construction is the practice of assembling a variety of components of a structure at a manufacturing site and transporting those sub-assemblies to the location of the construction jobsite. Prefabricated construction is sometimes thought of as a low-end and mass produced mode of construction.

This report provides an analysis of the Pre-cast Construction market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Pre-cast Construction market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

The COVID-19 outbreak has affected various industries worldwide. The Pre-cast Construction market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The rapid urbanization and industrialization are is anticipated to augment the growth of the precast or prefabricated construction market over the forecast period. This is owing to the increasing development of urban houses and demand for shorter construction timelines at reduced cost. Most of the construction companies are focusing on adopting cost effective, and confirmed technologies of precast in order to guarantee the highest standards and unchanging quality. This in turn, is expected to augment the growth of the market during the forecast period. 

The increase in concerns towards work-zone safety and need to lower the environmental impact is further expected to increase the growth of the precast or prefabricated construction market during the forecast period. Additionally, ease of installation and relocation along with supportive government initiatives is also likely to support the market growth in near future. 

The volatility in raw material prices and lack of skilled labour and infrastructure is expected to hamper the growth of the precast or prefabricated construction market during the forecast period.

The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Product, the market is divided into Columns & Beams, Floors & Roofs, Walls, Staircases, Girders, Paving Slabs, Others,. Columns & Beams dominated the global Pre-cast Construction market in 2020 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Residential, Industrial Manufacturing, Others. Residential accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on the geography, the global Pre-cast Construction market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Pre-cast Construction market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Pre-cast Construction market are Julius Berger Nigeria PLC, Cemex S.A.B. De C.V., Coreslab Ltd., Atco Group, CRH PLC, Taisei Corporation, Laing O'rourke, Balfour Beatty PLC, Red Sea Housing Services, Skanska Ab, Bouygues Construction, Vinci, Larsen & Toubro Limited, Kiewit Corporation.  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

• The global Pre-cast Construction market was valued at USD 128.11 Billion in 2020
• The global Pre-cast Construction Market is projected to reach USD 208.39 Billion by 2028
• Asia Pacific held the highest share of the Pre-cast Construction market in 2020
• Some of the major companies operating in the Pre-cast Construction market are Julius Berger Nigeria PLC, Cemex S.A.B. De C.V., Coreslab Ltd., Atco Group, CRH PLC, Taisei Corporation, Laing O'rourke, Balfour Beatty PLC, Red Sea Housing Services, Skanska Ab, Bouygues Construction, Vinci, Larsen & Toubro Limited, Kiewit Corporation