Global Precast Concrete Market Size & Outlook, 2023-2030
Global precast concrete market, 2018-2030 (US$B)
Related Markets
Global precast concrete market highlights
- The global precast concrete market generated a revenue of USD 105.7 billion in 2023 and is expected to reach USD 156.1 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.7% by 2030.
- In terms of segment, structural building components accounted for a revenue of USD 39.1 billion in 2023.
- Structural Building Components is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 105.7 billion |
| Market revenue in 2030 | USD 156.1 billion |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Structural building components |
| Fastest growing segment | Structural Building Components |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Structural Building Components, Architectural Building Components, Transportation, Waste & Water Handling Products, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 23.9% of the global precast concrete market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 3.9 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global precast concrete market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precast concrete market will help companies and investors design strategic landscapes.
Structural building components was the largest segment with a revenue share of 36.99% in 2023. Horizon Databook has segmented the Global precast concrete market based on structural building components, architectural building components, transportation, waste & water handling products, other products covering the revenue growth of each sub-segment from 2018 to 2030.
As economy of country develops, cities tend to become more prosperous than the rural, leading to urbanization and inward migration. This alternatively leads to increasing demand for construction materials, where for many developing economies self-reliance in its own production capabilities is a major industrial target, that omits the reliance on imports, and overall develops the economy through improved infrastructure.
The precast concrete market shares various applications construction industry such as residential construction, Non residential construction, and industrial construction. Precast concrete is a superior material used in infrastructures, such as bridges and dams, owing to its high strength and less time for construction.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global precast concrete market , including forecasts for subscribers. This global databook contains high-level insights into Global precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global precast concrete market size, by regions, 2018-2030 (US$B)
Top 10 countries: Precast concrete market size, 2023 (US$B)
Global precast concrete market share, by product, 2023 & 2030 (%, US$B)
Precast concrete market: Opportunity assessment by country
Global precast concrete market, by region, 2023 (US$B)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 20.9 | 22.1 | 22.4 | 23.0 | 24.0 | 25.2 | 26.6 | 28.1 | 29.7 | 31.4 | 33.3 | 35.2 | 37.4 | 5.8% |
| Europe | 22.4 | 23.2 | 23.6 | 24.1 | 24.8 | 25.5 | 26.4 | 27.3 | 28.3 | 29.4 | 30.6 | 31.9 | 33.5 | 3.9% |
| Asia Pacific | 32.8 | 34.3 | 35.7 | 37.6 | 39.8 | 42.3 | 44.9 | 47.8 | 50.9 | 54.2 | 57.9 | 62.1 | 66.7 | 6.7% |
| Latin America | 3.5 | 3.6 | 3.6 | 3.6 | 3.7 | 3.8 | 3.8 | 3.9 | 4.0 | 4.1 | 4.2 | 4.4 | 4.5 | 2.8% |
| MEA | 6.8 | 7.3 | 7.6 | 8.0 | 8.5 | 9.0 | 9.5 | 10.1 | 10.7 | 11.4 | 12.2 | 13.1 | 14.1 | 6.7% |
| Overall | 86.4 | 90.4 | 92.8 | 96.3 | 100.7 | 105.7 | 111.2 | 117.1 | 123.6 | 130.5 | 138.2 | 146.7 | 156.1 | 5.7% |
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