Global Precast Construction Market Insights, Forecast to 2028

Precast construction is a type of construction, wherein pre cast (any material that is in its final shape before being positioned at its original location) construction structures are used. Concrete, and steel in some cases, is generally used in precast construction. These structures are manufactured beforehand in a plant, which is located away from the actual construction site. These precast construction components are then transported and later assembled mechanically with the help of anchor bolts at the actual construction site. High early strength cement is cured with the help of steam curing and casts can be formed within a duration of 24 hours. Buildings can be constructed faster and at a much cheaper rates through precast construction. Components used for precast construction are generally standardized. This helps in providing better quality to structures as compared to site-cast concrete, as they are manufactured in a controlled condition. Precast construction components are more durable and hence can also be reused later. Controlled conditions while manufacturing precast allows better control of surface finishes. Compared to site-cast, precast construction components can be erected faster and are affected less by adverse weather conditions, making it comparatively safer.
Precast components in construction are used for residential as well as nonresidential complexes. Among nonresidential complexes, these components are useful in the construction of stadiums, parking lots of shopping complexes, bridges, etc.
Market Analysis and Insights: Global Precast Construction Market
Due to the COVID-19 pandemic, the global Precast Construction market size is estimated to be worth US$ 12950 million in 2022 and is forecast to a readjusted size of US$ 17360 million by 2028 with a CAGR of 5.0% during the review period. Fully considering the economic change by this health crisis, Floors & Roofs accounting for % of the Precast Construction global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Non-residential segment is altered to an % CAGR throughout this forecast period.
The use of precast construction components in the non-residential sector is expected to rise in the near future. The precast construction market is expected to expand at a rapid pace due to the increasing demand for new construction across the globe. During the recent times, there has been an increase in the investments in public and the private infrastructure sectors in major economies. This is expected to drive the market for precast construction in the next few years.
In terms of production side, this report researches the Precast Construction capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Precast Construction by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Precast Construction Scope and Segment
Precast Construction market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Precast Construction market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type
Floors & Roofs
Walls & Barriers
Columns & Beams
Utility Vaults
Girders
Pipes
Paving slabs

Segment by Application
Non-residential
Residential

By Company
ACS Group
Bechtel
CSCEC
Larsen & Toubro (L&T)
VINCI
Balfour Beatty
Bouygues Construction
Daiwa House Group
Granite Construction
Kiewitas
Red Sea Housing
Skanska
TAISEI
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E