Precast or Prefabricated Construction Market
Precast or Prefabricated Construction Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0937
Segments Covered
By
Product Columns & Beams, Floors & Roofs, Walls, Staircases, Girders, Paving Slabs, Others
-
By
Application Residential, Industrial Manufacturing, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
128.11 Billion |
 Revenue 2028:
|
208.39 Billion |
 Revenue CAGR
(2021 - 2028): |
6.27 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report
delivers an acute breakdown of the market based on various segments such as Product,
Application, and region. The report will cover market
estimations and forecast for each segment by region for the years 2016–2028. Several
growth factors and opportunities impacting various segments have been
incorporated in the report. On
the basis of Product, the market is divided into Columns & Beams, Floors & Roofs, Walls, Staircases, Girders, Paving Slabs, Others,. Columns & Beams
held the largest share in 2020 and is projected to witness substantial growth
during the forecast period.
Based
on Application, the market is divided into Residential, Industrial Manufacturing, Others. Residential
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Precast or Prefabricated Construction Market: Product Segment Analysis
-
- Columns & Beams
- Floors & Roofs
- Walls
- Staircases
- Girders
- Paving Slabs
- Others
Global Precast or Prefabricated Construction Market: Application Segment Analysis
-
- Residential
- Industrial Manufacturing
- Others
FAQ
Frequently Asked Question
What is the global demand for Precast or Prefabricated Construction in terms of revenue?
-
The global Precast or Prefabricated Construction valued at 128.11 Billion in 2020 and is expected to reach 208.39 Billion in 2028 growing at a CAGR of 6.27%.
Which are the prominent players in the market?
-
The prominent players in the market are The ACS Group, Komatsu House, Fertighaus WEISS GmbH, Red Sea Housing, Skanska, Julius Berger Nigeria, L&T Construction, Balfour Beatty, Bouygues Construction, Bien Zenker, Taisei.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.27% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Precast or Prefabricated Construction include
- 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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Precast or Prefabricated Construction in 2020.
