Singapore Precast Concrete Market Size & Outlook
Singapore precast concrete market, 2018-2030 (US$B)
Related Markets
Singapore precast concrete market highlights
- The Singapore precast concrete market generated a revenue of USD 1.1 billion in 2023 and is expected to reach USD 2.0 billion by 2030.
- The Singapore market is expected to grow at a CAGR of 9.2% 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 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 |
Other key industry trends
- In terms of revenue, Singapore accounted for 1.0% 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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Singapore 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 36.36% 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.
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Our clientele includes a mix of precast concrete market companies, investment firms, advisory firms & academic institutions.
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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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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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Singapore precast concrete market size, by product, 2018-2030 (US$B)
Singapore Precast Concrete Market Outlook Share, 2023 & 2030 (US$B)
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