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Precast Concrete Market Is Anticipated to Reach USD 149.1 Billion by 2026 | Industry Players: Larsen & Toubro Limited, Kiewit Corporation, Bouygues Construction and others.

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Precast Concrete Market Is Anticipated to Reach USD 149.1 Billion by 2026 | Industry Players: Larsen & Toubro Limited, Kiewit Corporation, Bouygues Construction and others.

May 07
09:28 2019
Precast Concrete Market Is Anticipated to Reach USD 149.1 Billion by 2026 | Industry Players: Larsen & Toubro Limited, Kiewit Corporation, Bouygues Construction and others.

Polaris Market Research
The new published report by Polaris Market Research, the global Precast Concrete Market is anticipated to reach USD 149.1 billion by 2026 and growing at a CAGR of 6.6% during the forecast period

The global precast concrete market size is anticipated to reach USD 149.1 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Precast Concrete Market Share, Size, Trends, & Industry Analysis Report, By Element (Walls & Barriers, Columns & Beams, Floors & Roofs, Paving Slabs); By Application; By End-User; By Region]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the non-residential segment dominated the global precast concrete industry, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

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A significant increase in disposable income, and construction & renovation of residential buildings drive the market growth. Increasing population, growing urbanization, and industrialization has increased the demand for precast concrete across the globe. The increasing need to reduce building time and costs, and growing demand for offsite construction supports the market growth. Other driving factors include safer construction sites, improved durability and load capacity offered by precast concrete, and development of public infrastructure. The increasing investments by governments for enhancing public infrastructure, and government premises further support market growth. Increasing demand in developing nations, and growth in global construction industry is expected provide numerous growth opportunities in the global market during the forecast period.

Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific, such as India, China, and Japan, fuels the demand for precast concrete. Enhancement of public infrastructure such as parks, museums, and other structures by governments, along with growth in construction in urban areas would support the growth in the coming years.

Precast Concrete Market (USD Billion) & Y-o-Y Growth(%)

Get Full Research Summary on Global Precast Concrete Market Analysis Available At:

Asia-Pacific generated the highest revenue in the market in 2018, and is expected to lead the global market throughout the forecast period. The growing construction sector and increasing disposable income drives the market growth. The increasing trend of design and aesthetics, along with increasing government investments in development of infrastructure supports the market growth in the region.

The well-known companies profiled in the report include Larsen & Toubro Limited, Kiewit Corporation, Bouygues Construction, Taisei Corporation, Julius Berger Nigeria PLC, Boral Limited, Forterra Pipe & Precast, LLC., Olson Precast Company, Gulf Precast Concrete Co. LLC, and Tindall Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Polaris Market Research has segmented the global precast concrete market on the basis of element, application, and end user and region:

Precast Concrete Element Outlook (Revenue, USD Billion, 2015 – 2026)

  • Walls & Barriers
  • Columns & Beams
  • Floors & Roofs
  • Paving Slabs
  • Others


Precast Concrete Application Outlook (Revenue, USD Billion, 2015 – 2026)

  • Structural Buildings
  • Architectural Buildings
  • Water and Waste Handling
  • Transportation
  • Others


Precast Concrete End-User Outlook (Revenue, USD Billion, 2015 – 2026)

  • Residential
  • Non-Residential


Precast Concrete Regional Outlook (Revenue, USD Billion, 2015 – 2026)

  • North America
    • U.S.
    • Canada


  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Russia
    • Netherlands
    • Rest of Europe


  • Asia-Pacific
    • China
    • India
    • Japan
    • Korea
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific


  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM


  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA


Leading Key Players of Precast Concrete Market

  • Larsen & Toubro Limited
  • Kiewit Corporation
  • Bouygues Construction
  • Taisei Corporation
  • Julius Berger Nigeria PLC
  • Boral Limited
  • Forterra Pipe & Precast, LLC.
  • Olson Precast Company
  • Gulf Precast Concrete Co. LLC
  • Tindall Corporation


About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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