By 2028, the precast concrete market will reach USD 139.33 billion

PR Newswire-PR Newswire / San Francisco, March 16, 2021-According to the latest report of Grand View Research Inc., by 2028, the global precast concrete market is expected to reach USD 139.33 billion, with a compound annual growth rate of 5.3%. The reduction of overall construction costs in the residential construction industry is expected to drive market growth during the forecast period. China, India, Indonesia and Vietnam are some of the major Asian economies with booming infrastructure. Therefore, investment in underground and surface subway projects, bridges, tunnels, subways, and high-speed rail network construction continues to grow, which is expected to bring a huge impetus to the global market.
Read the 80-page research report with ToC, which covers “precast concrete market size, market share by product (structural building components, transportation products), end use (residential, infrastructure), and market segment And trend analysis reports, as well as market segment forecasts from 2021 to 2028 “”, URL:
The use of products helps construction companies achieve economies of scale, reduce overall labor requirements and ensure the quality of finished concrete modules. In addition, in terms of the total time and cost required to complete the project, it also helps to speed up the entire process and save a lot of money. The major players in the market have adopted some strategies, such as reaching a joint venture agreement with a local construction company to enter the local market. For example, companies such as Gulermak AS and Shanghai Tunnel Engineering Company are cooperating with local companies to successfully carry out subway construction projects in India.
Grand View Research has divided the global precast concrete market by product, end use and region:
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Grand View Research, a US market research and consulting company, provides syndicated and customized research reports and consulting services. The company is registered in California and headquartered in San Francisco. It consists of more than 425 analysts and consultants, and adds more than 1,200 market research reports to its huge database every year. These reports provide in-depth analysis of 46 industries in 25 major countries/regions around the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and well-known academic institutions understand the global and regional business environment and seize future opportunities.
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Post time: May-12-2021