India Precast Concrete Market Size & Outlook, 2023-2030
India precast concrete market, 2018-2030 (US$B)
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India precast concrete market highlights
- The India precast concrete market generated a revenue of USD 6.2 billion in 2023 and is expected to reach USD 11.3 billion by 2030.
- The India market is expected to grow at a CAGR of 9.1% 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 6.2 billion |
| Market revenue in 2030 | USD 11.3 billion |
| Growth rate | 9.1% (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, India accounted for 5.8% 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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India 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 35.48% in 2023. Horizon Databook has segmented the India 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.
Improved GDP, significant population growth, and expanding industrial sector are the critical factors for the growth of construction sector in India. Increasing foreign direct investments in the country and a rise in the number of foreign companies entering the Indian market are expected to further boost the growth of this sector.
Government initiatives to develop smart cities are anticipated to aid this growth, thereby propelling the demand for precast concrete over the forecast period. The Indian precast concrete market is anticipated to grow at a significant rate over the forecast period.
Furthermore, the positive development in economic condition is likely to foster the development of construction sector, which in turn is anticipated to encourage precast concrete market growth in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into India precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India precast concrete market size, by product, 2018-2030 (US$B)
India Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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