Precast concrete market will exhibit a CAGR of 4.4%. and reach USD 162.72 billion by 2027, and the market value as per 2019 was USD 115.98 billion.
Fortune Business Insights, titled, “Precast Concrete Market Size, Share & Industry Analysis, By Product Type (Building Components, Transportation, Water & Waste Handling, and Others), By End-Use (Residential, and Non-Residential), and Regional Forecast, 2020-2027,”.
Precast concrete market Drivers and Restraint :
Increasing population, growing industries and businesses, and the rising need for residential and commercial spaces are the key factors promoting the precast concrete market growth. In addition to this, rapid urbanization and industrialization have propelled the demand for construction activities. This has led to a rise in the expenditure for construction activities, thereby augmenting growth.
List of Significant Manufacturers Precast concrete market are:
• Oldcastle Precast (U.S.)
• Balfour Beatty(U.K.)
• Bouygues Construction(France)
• Elementbau Osthessen GmbH & Co., ELO KG (Germany)
• Spancrete (U.S.)
• Tindall Corporation (U.S.)
• Forterra (U.S.)
• CEMEX (Mexico)
• Larson & Turbo Limited (India)
• Olson Precast Company (U.S.)
• Gulf Precast (UAE)
• LafargeHolcim (Switzerland)
• Boral (Australia)
• Other players
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/precast-concrete-market-103301
Some of the key industry developments in the Precast concrete market Include:
January 2020 – Alfons Greten Betonwerk was acquired by Lafarge Holcim for operating collaboratively on one ready-mix and one precast concrete plant located in Germany. This effort is expected to help increase its brand presence in the nation.