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Global Precast Concrete Market Trends, Analysis, and Forecast To 2025
Precast Concrete is referred as the construction material prepared by pouring concrete in a pre-made mold over rebar
or wire and cured offsite in a controlled area at the plant. The performed concrete products are shipped to the job site
after hardening and are assembled into the desired structure. The precast concrete manufacturing plants are needed to
be certified from architectural associations and government agencies.
Major Key Players:
Key manufacturers and suppliers in the market include ABM Construction, Boral Limited, Amcon Block & Precast
Incorporate, Cemex S.A.B. de C.V, Oldcastle Precast, Metromont, Coreslab International, Coltman Precast Concrete, and
CRH plc. The market players are investing in research and development activities for the product diversification and
innovation which is further expected to drive the sales revenue and ensuring the competitive edge over other players in
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Rapid commercialization is also projected to fuel the sales of concrete products which include roofing tiles and building
boards, owing to the affordable price of products compared to other construction materials. Furthermore, increasing
globalization has also led to the development of infrastructure across the globe which has resulted in increased cost in
infrastructural development. This has further resulted in the improved sale of precast manufactured products for public
structures and transportation infrastructure.
Increasing investment in the infrastructure sector and growing popularity of offsite construction is anticipated to spur
the market for the product. Although, the global construction industry is expected to witness slow growth rate for
residential sector in developed economies which include Europe and North America.
Market Analysis with Latest Growth Factors:
The manufacturing process of the precast concrete is carried out in controlled environmental condition and is
independent of the weather conditions. Hence, the manufacturing process of precast concrete is unconstrained and the
supply is uninterrupted. The material can be reused several times before replacement and hence, the production cost of
these materials is low making the product affordable. The manufactured products include pre-stressed bridge beams,
roofing tiles, building board’s concrete slabs and panels, posts, poles and railroad tiles.
Majorly, the end products are used in construction of nonresidential, residential and industrial buildings. However, these
are also utilized for construction of public structures such as sanitation and sewage systems and transportation
infrastructure. Furthermore, the usage of these manufactured products contributes in speed up the construction
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However, the market is expected to be driven by the U.S. healthcare sector as nearly 1,300 projects are under
construction or in planned stage which included the construction of Lucile Packard Children’s Hospital in Stanford, Tisch
Hospital in New York. Furthermore, the aging infrastructure of the country is also projected to enhance the demand of
infrastructural investment for reconstruction or renovation of the buildings.
Asia Pacific is estimated to hold the major share and is also anticipated to dominate the market over the forecast period.
The growth of the region is mainly driven by the India, Japan, China, Malaysia and other countries. The governments of
these emerging countries are also modifying their policies to attract foreign investment in the infrastructure sector.
Major Points from Table of content:
Global Precast Concrete Market, By Product (2017-2025)
Global Precast Concrete Market, By Regions (2017-2025)
Market Competition Analysis
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