The Business Research Company’s Precast Construction Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Precast Construction Global Market Report 2023 evaluates precast construction market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global precast construction market size grew from $135.22 billion in 2022 to $144.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The precast construction market size is expected to grow to $184.51 billion in 2027 at a CAGR of 6.3%
The precast construction market segments in the report are:
Precast Construction Market By Structure System :
Beam & Column System
Floor & Roof System
Bearing Wall System
Facade System
Precast Construction Market By Construction Type :
Modular
Manufactured Homes
Precast Construction Market By End User :
Residential
Non-residential
Asia-Pacific was the largest region in the precast construction market in 2022.
Get More Information On The Precast Construction Market Report:
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The table of contents in TBRC’s precast construction market report includes:
1. Executive Summary
2. Precast Construction Market Characteristics
3. Precast Construction Market Trends And Strategies
4. Precast Construction Market - Macro Economic Scenario
5. Precast Construction Market Size And Growth
.................
26. Africa Precast Construction Market
27. Precast Construction Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Precast Construction Market
29. Precast Construction Market Future Outlook and Potential Analysis
30. Appendix
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The global precast construction market was valued at around US$ 111 Bn in 2017.
It is anticipated to expand at a CAGR of approximately 5.1% during the forecast period, according to a new report titled ‘Precast Construction Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR).
The precast construction market in Asia Pacific is projected to expand at a CAGR of more than 6% during the forecast period, owing to a rise in investments in residential and infrastructure projects in the region.
It helps in saving valuable lead time and in reducing the risk of delay or monetary loss in the project, which is expected to boost the precast construction market.
The raw materials used in precast construction are inorganic, natural, and recycled resources.
Production of precast construction components involves minimal processing or chemical treatment, which results in low embodied energy value (carbon emissions).
