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Precast Construction Market by Product Type, Construction Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 210 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578272
Description Jump to:
The global precast construction was valued at $139,100.0 million in 2020 and is projected to reach $227,567.1 million by 2030, growing at a CAGR of 4.9% from 2020 to 2030.



Precast construction includes buildings and infrastructure where most structural components such as columns & beams are standardized and used in manufacturing facilities in a controlled location away from the from the actual constructional sites. The precast technique is used to manufacture custom components such as columns, slabs, walls, stairs, beams and others.

Increase in construction spending, rise in urbanization and industrialization in developing countries, surge in need for low-cost housing units, higher efficiencies and productivity achieved through precast methods, and increase in construction speed through precast technology drive the growth of the market. For instance, the U.S. Government spending on public and private
infrastructure activities increased by 20% from 2012 to 2020. In addition, there is rapid industrialization and urbanization in emerging markets such as China, India, South Korea, and Brazil, which also fuels the growth of the precast construction market. Moreover, increase in activities such as remodeling, refurbishment, and renovation of old buildings increase investments in the building and construction industry and further fuel the growth of precast construction market.

However, low customer confidence in precast construction in earthquake prone regions is anticipated to hamper the growth of the global precast construction market. Moreover, increase in construction of new buildings is anticipated to provide lucrative opportunities for the growth of the global precast construction market.

The global precast construction market is segmented on the basis of product type, construction type, and end user. Based on product type, the market is divided into columns & beams, floors & roofs, walls, staircases, girders, paving slabs, and others. The columns & beams segment generated the highest revenue in 2020. Based on construction type, the market is classified into modular and manufactured homes. The modular segment generated the highest revenue in 2020. Based on end user, the market is categorized into residential and non-residential. The non-residential segment generated the highest revenue in 2020.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to hold the highest market share during the forecast period and is expected to exhibit significant growth in the near future.

The key players profiled in this report include ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria plc, Kiewit Corporation, Globe Container, Larsen & Turbo Limited, Red Sea Housing Services, and Taisei Corporation.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging global precast construction market trends and dynamics
  • In-depth market analysis is conducted by global precast construction market estimations for the key market segments between 2020 and 2030
  • Extensive analysis of the global precast construction market is conducted by following key product positioning and monitoring of the top competitors within the market framework
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities
  • The global precast construction market forecast analysis from 2021 to 2030 is included in the report
  • The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global precast construction market

GLOBAL PRECAST CONSTRUCTION MARKET SEGMENTS


By PRODUCT TYPE

  • Columns & beams
  • Walls
  • Floors & Roofs
  • Staircases
  • Girders
  • Paving Slabs
  • Others

By CONSTRUCTION TYPE

  • Modular
  • Manufactured Homes

By End User

  • Residential
  • Non-residential

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • UK
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

  • ACS Group
  • Balfour Beatty plc
  • Bouygues Construction
  • Julius Berger Nigeria Plc
  • Kiewit Corporation
  • Komatsu Ltd
  • Laing O’ Rourke
  • Larsen & Turbo Limited
  • Red Sea Housing Services
  • Taisei Corporation

Table of Contents

Chapter 1 Introduction
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
Chapter 2 Executive Summary
2.1. CXO Perspective
Chapter 3 Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Impacting Factors
3.2.3. Top Winning Strategies
3.3. Porters Five Forces Analysis
3.3.1. Low Bargaining Power of Suppliers
3.3.2. High Bargaining Power of Buyers
3.3.3. High Threat of Substitutes
3.3.4. Moderate Threat of New Entrants
3.3.5. Moderate to High Competitive Rivalry
3.4. Market Players Positioning
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growing Urbanization and Industrialization in Developing Countries
3.5.1.2. Increasing Speed of Construction by Precast Technology
3.5.1.3. Need for Development of Low Cost Residential Units
3.5.1.4. High Efficiency of Precast Construction
3.5.2. Restraints
3.5.2.1. Lack of Confidence in Precast Construction in Earthquake Prone Region
3.5.2.2. Lack of Skilled Labor and Infrastructure in Developing Countries
3.5.3. Opportunities
3.5.3.1. Increasing Investments in Infrastructure
Chapter 4 Precast Construction Market, by Product Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Columns & Beams
4.2.1. Key Market Trends
4.2.2. Key Drivers and Opportunities
4.2.3. Market Size and Forecast
4.3. Floors & Roofs
4.3.1. Key Market Trends
4.3.2. Key Growth Drivers and Opportunities
4.3.3. Market Size and Forecast
4.4. Walls
4.4.1. Key Market Trends
4.4.2. Key Growth Drivers and Opportunities
4.4.3. Market Size and Forecast
4.5. Staircase
4.5.1. Key Market Trends
4.5.2. Key Growth Drivers and Opportunities
4.5.3. Market Size and Forecast
4.6. Girders
4.6.1. Key Market Trends
4.6.2. Key Growth Drivers and Opportunities
4.6.3. Market Size and Forecast
4.7. Paving Slabs
4.7.1. Key Market Trends
4.7.2. Key Growth Drivers and Opportunities
4.7.3. Market Size and Forecast
4.8. Others
4.8.1. Key Market Trends
4.8.2. Key Growth Drivers and Opportunities
4.8.3. Market Size and Forecast
Chapter 5 Precast Construction Market, by Construction Type
5.1. Introduction
5.1.1. Market Size and Forecast
5.2. Modular Construction
5.2.1. Key Market Trends
5.2.2. Key Growth Drivers and Opportunities
5.2.3. Market Size and Forecast
5.3. Manufactured Homes
5.3.1. Key Market Trends
5.3.2. Key Growth Drivers and Opportunities
5.3.3. Market Size and Forecast
Chapter 6 Precast Construction Market, by End-Use Sector
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Residential
6.2.1. Key Market Trends
6.2.2. Key Growth Drivers and Opportunities
6.2.3. Market Size and Forecast
6.3. Non-Residential
6.3.1. Key Market Trends
6.3.2. Key Growth Drivers and Opportunities
6.3.3. Market Size and Forecast
Chapter 7 Precast Construction Market, by Geography
7.1. Overview
7.2. North America
7.2.1. Key Market Trends
7.2.2. Key Growth Factors and Opportunities
7.2.3. Market Size and Forecast
7.2.3.1. U. S.
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. Europe
7.3.1. Key Market Trends
7.3.2. Key Growth Factors and Opportunities
7.3.3. Market Size and Forecast
7.3.3.1. UK
7.3.3.2. Germany
7.3.3.3. France
7.3.3.4. Italy
7.3.3.5. Rest of Europe
7.4. Asia-Pacific
7.4.1. Key Market Trends
7.4.2. Key Growth Factors and Opportunities
7.4.3. Market Size and Forecast
7.4.3.1. China
7.4.3.2. Japan
7.4.3.3. Australia
7.4.3.4. South Korea
7.4.3.5. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key Market Trends
7.5.2. Key Growth Factors and Opportunities
7.5.3. Market Size and Forecast
7.5.3.1. Latin America
7.5.3.2. Middle East
7.5.3.3. Africa
Chapter 8 Company Profiles
8.1. Acs Group
8.1.1. Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategic Moves and Developments
8.2. Balfour Beatty plc
8.2.1. Company Overview
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.2.4. Key Strategic Moves and Developments
8.3. Bouygues Construction
8.3.1. Company Overview
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategic Moves and Developments
8.4. Julius Berger Nigeria plc
8.4.1. Company Overview
8.4.2. Operating Business Segments
8.4.3. Business Performance
8.4.4. Key Strategic Moves and Developments
8.5. Kiewit Corporation
8.5.1. Company Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance
8.5.4. Key Strategic Moves and Developments
8.6. Komatsu Ltd
8.6.1. Company Overview
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.6.4. Key Strategic Moves and Developments
8.7. Laing Orourke
8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.7.4. Key Strategic Moves and Developments
8.8. Larsen & Toubro Limited
8.8.1. Company Overview
8.8.2. Operating Business Segments
8.8.3. Business Performance
8.8.4. Key Strategic Moves and Developments
8.9. Red Sea Housing Services
8.9.1. Company Overview
8.9.2. Operating Business Segments
8.9.3. Business Performance
8.9.4. Key Strategic Moves and Developments
8.10. Taisei Corporation
8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Business Performance
8.10.4. Key Strategic Moves and Developments
List of Tables
Table 1 Precast Construction Market Revenue, by Product Type, 2020-2030 ($Million)
Table 2 Precast Columns & Beams Construction Market Revenue, by Region, 2020-2030 ($Million)
Table 3 Precast Floors & Roofs Market Revenue, by Region, 2020-2030 ($Million)
Table 4 Precast Walls Market Revenue, by Region, 2020-2030 ($Million)
Table 5 Precast Staircases Market Revenue, by Region, 2020-2030 ($Million)
Table 6 Precast Girders Market Revenue, by Region, 2020-2030 ($Million)
Table 7 Precast Pavement Slabs Market Revenue, by Region, 2020-2030 ($Million)
Table 8 Other Precast Elements Market Revenue, by Region, 2020-2030 ($Million)
Table 9 Precast Construction Market Revenue, by Construction Type, 2020-2030 ($Million)
Table 10 Precast Modular Construction Market Revenue, by Region, 2020-2030 ($Million)
Table 11 Precast Manufactured Homes Market Revenue, by Region, 2020-2030 ($Million)
Table 12 Precast Construction Market Revenue, by End-user Sector, 2020-2030 ($Million)
Table 13 Residential Precast Construction Market Revenue, by Region, 2020-2030 ($Million)
Table 14 Non-Residential Precast Construction Market Revenue, by Region, 2020-2030 ($Million)
Table 15 Precast Construction Market, by Region, 2020-2030 ($Million)
Table 16 North America Precast Construction Market, by End Use Sector, 2020-2030 ($Million)
Table 17 North America Precast Construction Market, by Construction Type, 2020-2030 ($Million)
Table 18 North America Precast Construction Market, by Country, 2020-2030 ($Million)
Table 19 Europe Precast Construction Market, by End Use Sector, 2020-2030 ($Million)
Table 20 Europe Precast Construction Market, by Construction Type, 2020-2030 ($Million)
Table 21 Europe Precast Construction Market, by Country, 2020-2030 ($Million)
Table 22 Asia-Pacific Precast Construction Market, by End Use Sector, 2020-2030 ($Million)
Table 23 Asia-Pacific Precast Construction Market, by Construction Type, 2020-2030 ($Million)
Table 24 Asia-Pacific Precast Construction Market, by Country, 2020-2030 ($Million)
Table 25 LAMEA Precast Construction Market, by End Use Sector, 2020-2030 ($Million)
Table 26 LAMEA Precast Construction Market, by Construction Type, 2020-2030 ($Million)
Table 27 LAMEA Precast Construction Market, by Region, 2020-2030 ($Million)
Table 28 Acs Group: Company Snapshot
Table 29 Acs Group: Operating Segments
Table 30 Balfour Beatty plc: Company Snapshot
Table 31 Balfour Beatty plc: Operating Segments
Table 32 Bouygues Construction: Company Snapshot
Table 33 Bouygues Construction: Operating Segments
Table 34 Julius Berger Nigeria plc: Company Snapshot
Table 35 Julius Berger Nigeria plc: Operating Segments
Table 36 Kiewit Corporation: Company Snapshot
Table 37 Kiewit Corporation: Operating Segments
Table 38 Komatsu Ltd: Company Snapshot
Table 39 Komatsu Ltd: Operating Segments
Table 40 Laing Orourke: Company Snapshot
Table 41 Larsen & Toubro Limited: Company Snapshot
Table 42 Larsen & Toubro Limited: Operating Segments
Table 43 Red Sea Housing Services: Company Snapshot
Table 44 Red Sea Housing Services: Operating Segments
Table 45 Taisei Corporation: Company Snapshot
Table 46 Taisei Corporation: Operating Segments
List of Figures
Figure 1. Precast Construction Market: Market Snapshot
Figure 2. Global Precast Construction Market Segmentation
Figure 3. Top Investment Pockets of Precast Construction Market
Figure 4. Top Impacting Factors of Global Precast Construction Market
Figure 5. Bargaining Power of Suppliers
Figure 6. Bargaining Power of Suppliers
Figure 7. Threat of Substitutes
Figure 8. Threat of New Entrants
Figure 9. Competitive Rivalry
Figure 10. Precast Construction Market, by Product Type, 2020 & 2030 (%)
Figure 11. Comparative Regional Market Share Analysis of Precast Columns & Beams, by Region 2020 & 2030
Figure 12. Global Precast Columns & Beams Market, 2020-2030($ Million)
Figure 13. Comparative Regional Market Share Analysis of Precast Floors & Roofs, by Region 2020 & 2030
Figure 14. Global Precast Floors & Roofs Market, 2020-2030 ($ Million)
Figure 15. Comparative Regional Market Share Analysis of Precast Walls, by Region 2020 & 2030
Figure 16. Global Precast Walls Market, 2020-2030 ($ Million)
Figure 17. Comparative Regional Market Share Analysis of Precast Staircases, by Region 2020 & 2030
Figure 18. Global Precast Staircase Market, 2020-2030 ($ Million)
Figure 19. Comparative Regional Market Share Analysis of Precast Girders, by Region 2020 & 2030
Figure 20. Global Precast Girders Market, 2020-2030 ($ Million)
Figure 21. Comparative Regional Market Share Analysis of Precast Pavement Slabs, by Region 2020 & 2030
Figure 22. Global Precast Paving Slabs Market, 2020-2030 ($ Million)
Figure 23. Comparative Regional Market Share Analysis of Other Precast Elements, by Region 2020 & 2030
Figure 24. Global Other Precast Construction Elements Market, 2020-2030 ($ Million)
Figure 25. Global Precast Construction Market, by Construction Type, 2020 & 2030 (%Share)
Figure 26. Comparative Regional Market Share Analysis of Modular Construction, by Region 2020 & 2030
Figure 27. Global Precast Modular Construction Market Revenue, 2020-2030 ($ Million)
Figure 28. Comparative Regional Market Share Analysis of Manufactured Homes, by Region 2020 & 2030
Figure 29. Global Precast Manufactured Homes Market Revenue, 2020-2030 ($ Million)
Figure 30. Global Precast Construction Market, by End-Use Sector, 2020 & 2030 (%Share)
Figure 31. Comparative Regional Market Share Analysis of Residential Precast Constructions, by Region 2020 & 2030
Figure 32. Global Residential Precast Construction Market Revenue, 2020 & 2030 ($ Million)
Figure 33. Comparative Regional Market Share Analysis of Non-Residential Precast Construction, by Region 2020 & 2030
Figure 34. Global Non-Residential Precast Construction Market Revenue, 2020 & 2030 ($ Million)
Figure 35. Precast Construction Market Share, by Region, 2015(%)
Figure 36. Comparative Precast Construction Market Share Analysis of North American Market, by End-user, 2020 & 2030 (%)
Figure 37. U. S. Precast Construction Market, 2020-2030 ($ Million)
Figure 38. Canada Precast Construction Market, 2020-2030 ($ Million)
Figure 39. Mexico Precast Construction Market, 2020-2030 ($ Million)
Figure 40. Comparative Precast Construction Market Share Analysis of Europe Market, by End-user, 2020 & 2030 (%)
Figure 41. UK Precast Construction Market, 2020-2030 ($ Million)
Figure 42. Germany Precast Construction Market, 2020-2030 ($ Million)
Figure 43. France Precast Construction Market, 2020-2030 ($ Million)
Figure 44. Italy Precast Construction Market, 2020-2030 ($ Million)
Figure 45. Rest of Europe Precast Construction Market, 2020-2030 ($ Million)
Figure 46. Comparative Precast Construction Market Share Analysis of North American Market, by End-user, 2020 & 2030 (%)
Figure 47. China Precast Construction Market, 2020-2030 ($ Million)
Figure 48. Japan Precast Construction Market, 2020-2030 ($ Million)
Figure 49. Australia Precast Construction Market, 2020-2030 ($ Million)
Figure 50. South Korea Precast Construction Market, 2020-2030 ($ Million)
Figure 51. Rest of Asia-Pacific Precast Construction Market, 2020-2030 ($ Million)
Figure 52. Comparative Precast Construction Market Share Analysis of North American Market, by End-user, 2020 & 2030 (%)
Figure 53. Latin America Precast Construction Market, 2020-2030 ($ Million)
Figure 54. Middle East Precast Construction Market, 2020-2030 ($ Million)
Figure 55. Africa Precast Construction Market, 2020-2030 ($ Million)

Executive Summary

According to a new report titled, “Precast Construction Market by Product Type, Construction Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030.”

The global precast construction market size was valued at $139.1 billion in 2021 and is projected to reach $227.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.

Precast construction is also known as prefabricated construction. Precast construction is used in construction of buildings with repetitive elements and designs, such as schools and apartments. These prefabricated components are then transported to the place of use and assembled. The precast construction technique is used to manufacture custom components such as column, slabs, walls, stairs, beams, and others.

Growth in construction and infrastructure projects mainly drives of the global precast construction market growth. Rise in urbanization as a result of increase in population globally, is another factor that propels the market growth. In addition, the rise in need for low-cost housing units, higher efficiencies and productivity achieved through precast methods, and increase in construction speed through precast technology are expected to drive of the market during the forecast period. Also, the increase in focus of government to invest in the infrastructure segment followed by various technological innovations by the key manufacturers serve as growth opportunity for the market.

In addition, government investment in renovation and home remodeling activities increase the demand for precast construction products, which fuels the growth of the global precast construction industry. For instance, according to data published by government of Canada, the Canadian construction industry’s value in 2018 was $291.2 billion, which includes home improvement, renovations, and remodeling of commercial & residential buildings. Surge in urbanization in developing countries such as India, Brazil, Africa, and others boost the market growth. For instance, urbanization in Africa is expected to grow at a rate of 5.5% from 2020 to 2025.

The precast construction market is segmented into product type, construction type, end user, and region. On the basis of product type, the market is divided into columns & beams, floors & roofs, walls, staircases, girders, pacing slabs, and others. The columns & beams segment dominated the market in 2020. On the basis of construction type, the market is divided into modular and manufactured homes. The modular segment is expected to generate the highest revenue during the forecast period. On the basis of end user, the market is segmented into residential and non-residential. In 2020, the non-residential segment held the largest market revenue share.

The key players operating in the precast construction market include ACS Group, Balfour Beatty plc, Bouygues Construction, Julius Berger Nigeria plc, Kiewit Corporation, Komatsu Ltd., Laing O’ Rourke, Larsen & Turbo Limited, Red Sea Housing Services, and Taisei Corporation.

Several manufacturers in the global precast construction market stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on construction activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the precast construction manufacturing companies. For instance, net sales of Larsen & Turbo dropped by 6.5% from April 2020 to March 2021. In addition, lack of man power and raw materials affected the supply chain of the market. However, the market is projected to cover from the 1st quarter of 2023, due to the reduced restrictions and reopening of the global precast construction industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market is expected to gradually witness growth.

Key Findings Of Study


  • The report provides an extensive analysis of the current and emerging global precast construction market trends and dynamics
  • By product type, columns & beams segment dominated the market, in terms of revenue in 2020
  • By construction type, the modular segment registered highest growth in the global precast construction market share in 2020
  • By end user, the non-residential segment is projected to register the highest growth rate in the coming years
  • The report provides an extensive analysis of the trends and emerging opportunities of the market
In depth, the global precast construction market analysis is conducted by constructing estimations for the key segments between 2020 and 2030

Companies Mentioned

  • ACS Group
  • Balfour Beatty plc
  • Bouygues Construction
  • Julius Berger Nigeria plc
  • Kiewit Corporation
  • Komasu Ltd.
  • Laing O’ Rourke
  • Larsen & Turbo Limited
  • Red Sea Housing Services
  • Taisei Corporation.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages210
PublishedFebruary 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 139100 million
Forecasted Market Value ( USD ) by 2030 $ 227567.1 million
Compound Annual Growth Rate5.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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