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 |
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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.
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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