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
Research Methodology: Precast or Prefabricated Construction Market - Global Market Assessment, 2021 - 2028
The global Precast or Prefabricated Constructionmarket research study involves reliable research methodology to arrive at the market estimations and forecasts. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Precast or Prefabricated Construction supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Precast or Prefabricated Construction market size at regional and country level
- Market size and forecast by , , and
- Key industry players and their market share and Precast or Prefabricated Construction market-specific sales/revenue
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Precast or Prefabricated Construction supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Precast or Prefabricated Construction market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Precast or Prefabricated Construction market.
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.
