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Precast Construction Market Outlook, Size, Share, Opportunity And Demand Analysis, Forecast 2019 To 2025

Author : Ronak Bora | Published Date : 2019-06-10 

Global Precast Construction Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with manufacturing cost analysis, industrial chain, sourcing strategy and growth.

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Based on application, the precast construction market size is segmented into residential and non-residential. Non-residential segment is projected to attain significant industry share by 2024. Non-residential construction projects include flyovers, tunnels, railway sleepers, supermarkets, bridges, hospitals, metro projects, stadium, etc. In this segment, more than 60% of the construction of structures is completed off-site and is later transported to final site. Residential segment is likely to attain promising gains owing to its application in decorative pieces which in turn will have positive impact on the global precast construction industry size by 2024.

Regionally, Asia Pacific accounted for a major chunk of the overall precast construction market size in 2016. Rapidly growing population which resulted in industrialization and urbanization primarily in India, China, Japan and Indonesia has been a major factor for thrusting construction industry in the region. In addition, improving lifestyle in the region has led to higher investment in housing plans which will subsequently help attain promising gains to precast construction industry size during the forecast spell. Moreover, shorter construction timelines in the region and cost-effective methods are likely to contribute significantly towards the business size over the projected time spell. Favorable government regulatory policies will also play a vital role in driving the overall industry share by 2024.

Precast Construction Market size is anticipated to grow at a healthy CAGR during the forecast period. Concrete & steel are usually used for precast construction and are manufactured in a plant located away from the construction site.

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Based on the product, precast construction market size is segmented into floors & roofs, columns & beams, walls, staircase and girders. Columns & beams product segment is likely to attain prominent gains during the forecast period as it provides flexible solutions to the structural workings of a project. These products are widely used across construction industry from parking structures to frame of commercial buildings.

Based on the type, precast construction market size is segregated into modular construction and manufactured houses. Modular constructions segment is likely to attain a major chunk of the overall precast construction market size during the forecast period due to prevailing customer demand for rapid construction pace, superior quality and early return on investment.

Some of the major market share contributors are L & T limited, Balfour beatly, Acs Actividades De Construccion Y Servicios, Red sea housing services, Homatsu Ltd., Julius Berger Nigerial, Taisei corporation, Bouygues construction, Kiewit corporation, Laing O’ Rourke, Elematic Inc., Spiroll precast services Ltd., Weckenmann Anlagentechnik GmbH and Putzmeister Holding.
 

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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