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Precast Concrete Market by Element, Construction Type, End-use Sector - Global Forecast to 2022

Precast Concrete Market: Global Forecast until 2022

  • April 2018
  • 167 pages
  • ID: 4230310
In this report:
The construction spending during this period in China is expected to be ##.##%, by 2020; for India, it is expected to be ##%; while for Vietnam, it is expected to be ##.##% of the global construction spending, according to Asia Construction Outlook survey conducted by AECOM (US).
Post the economic slowdown, the GDP of Russia declined to -##.##% in 2015, after registering a positive growth of ##.##% in 2014, while that of Poland went up to ##.##%.

Summary

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The precast concrete market is estimated to rise at a compound annual growth rate of ~6.0 percent.

The precast concrete market size is expected to grow at a compound annual growth rate (CAGR) of 5.96% during the forecast horizon, that is, 2017 to 2022, and attain ~$139.0B by 2022. The precast concrete market is influenced by Elements such as growing urban population, rising industrialization, and large-scale investments in the industrial and infrastructure markets. Precast technology allows the construction of a larger number of structures with reduced time and costs, compared to conventional on-site construction methods. The precast method affords the benefits of high quality, rised efficiency, and better finishing. Lack of awareness concerning precast construction techniques and its benefits, together with volatility in transportation charges might restrain the industry demand for this type of construction.

The elemental construction segment controled the precast concrete market in 2016.

The elemental construction segment controled the precast concrete market in 2016 and is forecasted to be the quickest-growing segment during the outlook period. This increase can be accredited to Elements such as keen interest from contractors and builders in using individual precast modules to build an entire structure across residential and non-residential construction industries and rise in public and private investment in overall infrastructural development, especially in the emerging economies of Asia Pacific and South America region.

Asia Pacific (APAC) is anticipated to witness a high increase rate during the estimate period.

The Asia Pacific market is forecasted to be the quickest developing market during the outlook period.The main factor driving the increase of the market is the large-scale government investments in the infrastructure industry in this area.

On top of, the growing population and growing incomes are driving the per capita spending on construction. The sectors of China and India (IN) are estimated to be lucrative due to their ongoing and upcoming infrastructural construction projects as well as increasing consumer spending on construction markets.

Breakdown of Primaries

Primary Q&A were managed with a number of industry experts in order to gather info associated to various aspects of the precast concrete market.Measures reached after analyzing secondary sources were validated through these interviews.

Primary sources included professionals including constructors, concrete suppliers, precast module manufacturers, distributors, consultants, and academic professionals. The classification of primaries interviews is like:

• By Company category: Tier 1 - 40.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 35.0 percent, D-level - 40.0 percent, others* - 25.0 percent

By area: North america (NA) - 25.0 percent, Europe - 10.0 percent, Asia Pacific - 40.0 percent, Middle East & Africa - 15.0 percent, South America - 10.0 percent

*Others contain sales managers, marketing managers, and product managers.

The 1/3 of the companies, the tiers of the corporations is defined on the basis of their total revenues, as of 2016.

Tier n1: Revenue > $5.0B; Tier 2: $1.0B < Revenue < $5.0B; Tier 3: Revenue < $1.0B

The different main actors decribed in the industry report are like follows:

1. Actividades de Construcción y Servicios

Segment Research

The primary objective of this study is to define, estimate, and segment the precast concrete market based on element, construction type, end-use market, and area.The report also aims at strategically analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the total market.

It also offers exhaustive information about the top market dynamics that contain drivers, industry restraints, possibilities, and market-specific challenges. Additionally, the market research examines competitive developments including contracts, mergers & acquisitions, business growths, new industry product developments, and analysis & growth activities in the precast concrete market.

Why acquiring this study can help you

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the precast concrete market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the sector and offers them with info on main market drivers, market restraints, alternatives, and opportunities.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector. The competitive outlook section includes contracts, new industry product developments, acquisitions, strategic agreements, alliances, and business developments.

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