Precast Concrete Market: by Product Type, by Application, by End-use, and Region - Forecast till 2023
The global precast concrete market is anticipated to reach USD 103,666.1 Million by 2023 growing at 5.36% CAGR during the forecast period (2018-2023).
Precast Concrete Market: by Product Type (Floors & Roofs, Columns and Beams, Stairs and Landing, Walls), by Application (Structural Components, Architectural Components, Bridge Components), by End-use (Residential, Non-Residential, Agriculture), and Region - Forecast till 2023
Precast cement can be portrayed as the constructional item that is made by casting concrete in a reusable shape. The reusable form is then relieved in a controlled situation, trailed by transportation to the building site to be introduced. Precast components dispose of or enormously diminishes the requirement for traditional formworks just as props. Aside from this, precast concrete helps bring down the wastage generation, along with checking numerous other environmental risks. It is typically utilized in the development of structures and buildings with monotonous designs, for example, apartments and schools. Other driving factors instrumental in the market development are the rising income level in the developing countries matched with the changing inclinations of development strategies which increases the dependence on present day development systems. The global precast concrete market is anticipated to reach USD 103,666.1 Million by 2023 growing at 5.36% CAGR during the forecast period (2018-2023).
By product, the global precast concrete market is segmented into stairs and landing, columns and beams, floors & roofs, and walls. On the basis of its application, the market is segmented into bridge components, architectural components, structural components, and others. Based on its end-use segment, the global market is bifurcated into non-residential, residential, and agriculture.
Geographically, the global precast concrete market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Tindall Corporation (U.S.), Coreslab Structures (U.S.), CRH (U.S.), Coltman Precast Concrete Limited (U.K.), SKANSKA AB (Sweden), Jensen Precast (U.S.), Molin Concrete Products Company, Inc. (U.S.), are some of the major players in the global precast concrete market.