Asia Pacific Precast Concrete Market Size & Outlook
Asia Pacific precast concrete market, 2018-2030 (US$B)
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Asia Pacific precast concrete market highlights
- The Asia Pacific precast concrete market generated a revenue of USD 42.3 billion in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, structural building components was the largest revenue generating product in 2023.
- Structural Building Components is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Singapore is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 42.3 billion |
| Market revenue in 2030 | USD 66.7 billion |
| Growth rate | 6.7% (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 |
| Key market players worldwide | Boral Ltd, Holcim Ltd, Cemex SAB de CV ADR, Larsen & Toubro Ltd DR, Gulf Precast, Olson Precast, Tindall, Laing O'Rourke, Spancrete Corporation, Forterra, Gülermak |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.0% of the global precast concrete market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 66.7 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 36.41% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific region is characterized by a large amount of skilled labour at low cost with easy land availability. Majority of the Asian countries are expected to witness high economic growth over the forecast period, despite slowing growth in other developed nations like U.S.
The rising infrastructural development and the increasing governmental investments in mega projects such as Hong Kong-Zhuhai-Macao Bridge, China-Pakistan Economic Corridor, Navi Mumbai International Airport, Hyderabad Metro Rail, and Japan’s maglev High-Speed Rail; are expected to boost the demand for precast concrete in the region.
Furthermore, the Chinese government has been investing heavily in fixed assets since the late 90’s. The rising urbanization has resulted in increased investments in transport systems, ports, roadways, and mega-factories, thereby augmenting the demand for precast concrete over the forecast period.
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Target buyers of Asia Pacific precast concrete market databook
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Our clientele includes a mix of precast concrete market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific precast concrete market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific precast concrete market size, by country, 2018-2030 (US$B)
Asia Pacific Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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