Precast Concrete Market Report 2026

The precast concrete market size has grown strongly in recent years. It will grow from $127.54 billion in 2025 to $134.32 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in urban infrastructure projects, rising construction of commercial buildings, increasing government investment in public infrastructure, expansion of industrial facilities, development of standardized precast components.

The precast concrete market size is expected to see strong growth in the next few years. It will grow to $164.07 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to increasing adoption in residential construction, rising demand for sustainable and green buildings, growth in transportation infrastructure projects, expansion of industrial modular facilities, development of high-performance precast concrete technologies. Major trends in the forecast period include increasing use of precast concrete in modular construction, rising adoption of advanced concrete mix designs, growing implementation of automated casting processes, increasing focus on high-strength structural components, rising demand for eco-friendly and recyclable concrete products.

Rising spending on road and water infrastructure is playing a major role in boosting the precast concrete market. Precast concrete offers significant time and cost savings compared with traditional cast-in-place construction methods. Many developing and advanced economies are increasing infrastructure investments to close the gap between existing facilities and growing demand. Governments are committing more funding to roads, bridges, water systems, and related projects to support economic development and public services. For example, in September 2023, the Council on Foreign Relations reported that the U.S. Infrastructure Investment and Jobs Act allocated $550 billion in new funding to improve transportation and water systems, while an additional $650 billion was provided through regular project financing. Therefore, higher spending on road and water infrastructure is expected to accelerate growth in the precast concrete market.

Companies in the precast concrete industry are introducing innovative solutions that promote efficiency and sustainability, particularly through improved water management in concrete production. Efficient water management aims to decrease waste and optimize resource use, helping reduce water consumption by 10% to 20%. For instance, in August 2024, Gerdau Graphene introduced NanoCONS, a graphene-based concrete admixture specifically designed for precast applications. The product enhances strength and durability, reduces porosity, cuts water usage by up to 20%, and shortens setting time by 30%, helping speed construction while lowering cement-related emissions.

In July 2024, Wells acquired GATE Precast to expand its prefabricated building solutions portfolio and strengthen its national presence. By incorporating GATE Precast’s expertise in precast systems, the acquisition enhances Wells’ ability to deliver comprehensive building solutions across multiple sectors. GATE Precast specializes in the design and manufacture of precast concrete components.

Major companies operating in the precast concrete market report are Holcim Group, CRH plc, CEMEX S.A.B. de C.V., HeidelbergCement, Vicat, Cementos Molins, Boral Limited, Forterra Inc., Tindall Corporation, Gulf Precast Concrete Co., Olson Precast Company, Bianco Precast, Oldcastle Precast, Banagher Precast Concrete, BREMER AG, ELO Beton, United Precast Concrete Abu Dhabi LLC, Dubai Precast LLC, Abu Dhabi Precast LLC, Alfanar Precast Factory, Prainsa Saudi Arabia for Precast Concrete, Concretex.

Europe was the largest region in the precast concrete market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precast concrete market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precast concrete market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The precast concrete market consists of sales of precast floor slabs, precast beams, precast walls, precast columns, and precast staircases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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