Market revenue in 2023 | USD 1.1 billion |
Market revenue in 2030 | USD 2.0 billion |
Growth rate | 9.2% (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 |
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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 36.36% in 2023. Horizon Databook has segmented the Singapore 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 government’s plans to invest in the development of infrastructure and boost the growth of construction industry in the country are expected to result in a modest demand for the products. The government of Singapore announced an expenditure of about USD 1.02 billion for 2018-19 for the renovation of community centers, sports halls, police stations, and other public infrastructure.
Construction industry in Singapore is heavily dependent on finance sector for funding. Despite the country experiencing spillover effects of the economic slowdown in China and less favorable domestic economic conditions, the willingness of banking sector to offer loans may improve the construction activities in the country. This, in turn, is likely to benefit the product demand over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Singapore precast concrete market , including forecasts for subscribers. This country databook contains high-level insights into Singapore precast concrete market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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