Middle East & Africa Precast Concrete Market Size & Outlook
Middle East & Africa precast concrete market, 2018-2030 (US$B)
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MEA precast concrete market highlights
- The MEA precast concrete market generated a revenue of USD 9.0 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 9.0 billion |
| Market revenue in 2030 | USD 14.1 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, MEA region accounted for 8.5% 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.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Precast Concrete Market Scope
Precast Concrete Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 37.78% in 2023. Horizon Databook has segmented the Middle East & Africa 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 construction industry in Middle East & Africa is expected to face few challenges due to uncertainty regarding government spending on infrastructure projects. The precast concrete market in the region is thereby expected to register moderate growth in line with the growth of the building & construction industry in the region.
The recovery of oil prices is lessening the burden on government finances, which in turn is expected to give rise to new models of development such as public-private partnership for infrastructure development. In addition, the presence of a significant consumer base in the economy is expected benefit market in terms of growth 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 continent-level data and insights on the Middle East & Africa precast concrete market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA precast concrete market size, by country, 2018-2030 (US$B)
Middle East & Africa Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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