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Precast Construction Market: Global Forecast until 2021

  • October 2016
  • 186 pages
  • ID: 4230310
In this report:
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 ##.##%.
The construction spending during this period for 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.


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"Precast construction market forecasted to grow at a compound annual growth rate (CAGR) of ~6.1 percent"

The precast construction market size is expected to grow at a compound annual growth rate (CAGR) of 6.10% during the forecast horizon of 2016 - 2021 and attain ~$177.1B by 2021. The precast construction market is influenced by Elements such as increase in urban population growth in industrialization, and large-scale investments in the industrial and infrastructure markets. Precast technology also allows construction of a larger number of structures with reduced time and cost, as distinguished to the conventional on-site construction methods. The precast method affords benefits of high quality, rised efficiency, and better finishing. Lack of awareness about precast construction techniques and profits, together with volatility in transportation and machinery costs might restrain the industry demand for this type of construction.

"The modular construction segment held a considerably larger market share in the precast construction market"

The modular construction segment is expected to dominate the precast construction market 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 complete structures across residential and non-residential construction industries and growth in public and private investment in overall infrastructural development, especially in the emerging economies of Asia-pacific and Latin America.

"Asia-Pacific area is forecast to witness a steady increase during the estimate period"

The APAC market is forecasted to be the quickest developing market during the outlook period. The main key factors driving the increase of the market are the large-scale government investments in the infrastructure industry in this area. On top of, the increase in population and rise in income is accelerating the per capita spending on construction. The industries of China and India (IN) are expected to be lucrative due to their ongoing and upcoming infrastructural construction projects, as well as growing 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 construction 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 Type: Tier 1 -33.0 percent, Tier 2 - 50.0 percent, and 1/3 3 - 17.0 percent

By Designation: Director Level - 33.0 percent and Manager Level - 67.0 percent

By area: North america (NA) - 8.0 percent, Europe - 17.0 percent, Asia-Pacific - 50.0 percent, and rest of the world - 25.0 percent

Note: The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2015.

Tier n1: Revenue > $10.0B; Tier 2: $1.0B > Revenue > $10.0B; Tier 3: Revenue < $1.0B

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

1. Acs Actividades de Construcción y Servicios, S.A,

Segment Research

The distribution considered for this business report is based on product, category, end-use market, and area that constitute the main sectors. The scope of the report includes exhaustive information concerning the main key factors influencing the increase of the precast construction market including drivers, industry restraints, possibilities, and opportunities. An in-depth study of the main industry actors has been done to furnish business insights into their sector overview, products & services, top strategies, recent product launches, strategic agreements, business growths, and recent evolutions combined with the precast construction market.

Why acquiring this study can help you

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the precast construction 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 will facilitate partners to comprehend the sector and offers them information 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 new industry product developments, acquisitions, strategic agreements, alliances, and business developments.

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