Precast construction market size is projected to grow at a CAGR of 6.10% during the forecast period of 2016 – 2021 and reach USD 177.09 billion by 2021. —
Asia-Pacific market is projected to be the fastest-growing market during the forecast period. The key factors driving the growth of the market are the large-scale government investments in the infrastructure sector in this region. Additionally, the rise in population and increase in income is accelerating the per capita spending on construction. The markets of China and India are projected to be lucrative due to their ongoing and upcoming infrastructural construction projects, as well as rising consumer spending on construction sectors. Inquire For Complete Report Copy of Precast Construction Market by Product (Columns & Beams, Floors & Roofs, Girders, Walls, Staircases, Lintels, and Paving Slabs), Type (Modular and Manufactured), End-use Sector (Residential and Non-Residential), and Region - Global Forecast to 2021 http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=719707
The precast construction market is driven by factors such as rise in urban population increase in industrialization, and large-scale investments in the industrial and infrastructure sectors. Precast technology also allows construction of a larger number of structures with reduced time and cost, as compared to the conventional on-site construction methods. The precast method offers benefits of high quality, increased efficiency, and better finishing. Lack of awareness regarding precast construction techniques and benefits, along with volatility in transportation and machinery costs might restrain the demand for this type of construction.
The modular construction segment is estimated to dominate the precast construction market and is projected to be the fastest-growing segment during the forecast period. This growth can be attributed to factors such as keen interest from contractors and builders in using individual precast modules to build complete structures across residential and non-residential construction sectors and increase in public and private investment in global infrastructural development, especially in the emerging economies of Asia-pacific and Latin America.
Target Audience Include Precast Construction Market Report:
Raw material suppliers
Original equipment manufacturers
Real estate agents
Architects & engineers
Market research and consulting firms
“Precast Construction Market” spread across 184 pages, profiling 11 companies and supported with 114 tables and 54 figures is now available Discount on at http://www.rnrmarketresearch.com/contacts/discount?rname=719707
Top 11 Companies Analyzed for Precast Construction Market are – Acs Actividades de Construcción y Servicios, S.A (Spain), Komatsu Ltd. (Japan), Bouygues Construction (France), Larsen & Toubro Limited (India), Taisei Corporation (Japan), Balfour Beatty plc (U.K.), Kiewit Corporation (U.S.), Laing O’Rourke (U.K.), Julius Berger Nigeria Plc (Nigeria), Red Sea Housing Services (Saudi Arabia).
Fundamental Key Point from Table of Content:
Precast Construction Market, By Product
Columns & Beams
Floors & Roofs
Precast Construction Market, By Type
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Precast Construction Market, By End-Use Sector
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