PUNE, India, September 30, 2022 (GLOBE NEWSWIRE) — The global precast concrete market Size is expected to show significant growth, reaching $159.85 billion by 2028. Fortune Business Insights, in its report titled “Precast Concrete Market, 2021-2028.”, mentions that the market was US$114.78 billion in 2020 and is expected to show a CAGR of 4.4% between 2021 and 2028. The rapid urbanization coupled with the increasing population rate is expected to favor the global adoption of the product. According to the National Bureau of Statistics (NBS), around 901.99 million people live in mainland China, accounting for over 63.89% of the country’s total population.
The far-reaching impact of the global pandemic COVID-19 has been felt in several economies facing unprecedented losses. Due to the lockdown announced by government agencies, several industries with restricted operational activities are shut down. However, a concerted effort by government and industry should get the economy back on track and help industrial activity resume.
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List of companies operating in the market:
- Boral (Australia)
- LafargeHolcim (Switzerland)
- Gulf Precast (UAE)
- Olson Precast Company (USA)
- Larsen & Toubro Limited (India)
- CEMEX (Mexico)
- Forterra (USA)
- Tindall Corporation (USA)
- Spancrete (USA)
- Elementbau Osthessen GmbH & Co., ELO KG (Germany)
- Bau Bouygues (France)
- Balfour Beatty (UK)
- Oldcastle Precast (USA)
- Other key players
market segmentation
Based on product type, Precast Concrete market is segmented into Building Components, Transportation, Water & Waste Treatment, and Others. On the basis of end use, the market is segmented into residential and non-residential.
Based on end use, the residential segment held a global precast concrete market…
