China Precast Concrete Market Size & Outlook, 2023-2030
China precast concrete market, 2018-2030 (US$B)
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China precast concrete market highlights
- The China precast concrete market generated a revenue of USD 18.1 billion in 2023 and is expected to reach USD 29.6 billion by 2030.
- The China market is expected to grow at a CAGR of 7.2% 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.
Precast concrete market data book summary
| Market revenue in 2023 | USD 18.1 billion |
| Market revenue in 2030 | USD 29.6 billion |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Structural building components |
| Fastest growing segment | Structural Building Components |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 17.2% of the global precast concrete market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China precast concrete market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 2.0 billion by 2030.
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 35.36% in 2023. Horizon Databook has segmented the China 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.
The Chinese economy is expected to be supported by growing demand for consumer-oriented constructions. The local government is planning to invest in the export of building & construction services to overseas markets over the next decade. This is on account of the vast manufacturing capacity, and significant engineering & construction capability.
The structural building components segment is anticipated to emerge as fastest-growing product type segment over the forecast period. The increasing demand for affordable housing is the projected as one of the major factors augmenting the demand for this segment in the country over the forecast period.
A rapidly developing economy, along with the surge in industry, manufacturing and commercial services across China has rapidly driven the value of the non-residential construction sector, as new facilities are constructed to meet demand. Furthermore, the increasing middle-class population is expected to drive the demand for residential segment over the forecast period.
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Our clientele includes a mix of precast concrete market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into China precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China precast concrete market size, by product, 2018-2030 (US$B)
China Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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