Non-residential segment to dominate the precast concrete market
The global precast concrete market is expected to grow at a compound annual growth rate (CAGR) of 6.6% during the forecast year, from USD 144.6 billion in 2022 to USD 198.9 billion in 2027. Precast concrete refers to construction products made in reusable moulds away from the construction site. These building materials are delivered to the job site and assembled. Precast concrete has several advantages,...
This Is Why This Year Will Be The Year Of Precast Concrete Market|At A CAGR of 5.9%
The global precast concrete market size is projected to grow from USD 130.6 billion in 2020 to USD 174.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast year. According to American Concrete Institute, “Precast concrete is reinforced concrete constructed by industrialized methods. It is characterized by dividing the building into components, which are manufactured...
Precast Concrete Market by Element, Construction Type, End-use Sector – Global Forecast to 2022
The overall precast concrete market is expected to grow from USD 99.13 billion in 2016 to USD 138.96 billion by 2022, at a CAGR of 5.96% from 2017 to 2022. It has been growing in accordance with the advancing degree of urbanization, industrialization, and infrastructural developments. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, and modern building...