Precast concrete market is anticipated to grow at a CAGR of nearly 5.8% during the forecast period. The market growth is primarily driven by the factors such as, booming in the construction industry, rapid urbanization, and demand for cost-efffective, low maintenance construction products. Apart from this, the growing investments in infrastructure development projects in the Asia-Pacific region are expected to be the primary factors driving the product demand over the forecast period. Moreover, columns and beams are the basic raw material which is to be used in the construction of buildings,  lyovers, and bridges as it provides a strength to the building, minimizes the maintenance cost,therefore it is more suitable for architectural projects. Owing to this attributable reason, the demand for columns and beams has increases over the forecast period.

COVID-19 has significantly affected the building and construction industry. The pandemic has abruptly terminated the activities related to construction and infrastructure. The market was hampered due to the slower supply of basic raw material, strict lockdown hampered the movement of material and labor. However, the increase in the number of COVID-19 cases boosted the demand for modular buildings and hospitals. The governments started taking the initiative for building more and more healthcare units to provide treatment for COVID-19 patients. For instance, in March 2020, Larsen and Toubro, has built an exclusive hospital in Tamil Nadu state, with the capacity of 50-100 beds for the treatment of COVID-19 patients. 

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Precast Concrete Market Segmentation

By Product 

Columns & Beams 
Walls 
Staircases 
Pipes 

By Construction Type 

Modular 
Manufactured Homes 

By End-User 

Residential 
Non-Residential 

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Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles 

Balfour Beatty Plc
Bouygues Construction
Cemex
EBAWE Anlagentechnik GmbH
ElematicOyj
ELO Concrete
Gulf Precast Concrete Co llc
HeidelbergCement AG 
Julius Berger Nigeria Plc
Kiewit Corp
Komatsu Ltd
Larsen & Toubro Ltd
Global Business GmbH
Olson Precast Comp
Putzmeister Comp
RED SEA International
Spiroll Precast Services Ltd
TAISEI Corp
Tindall Corp
WeckenmannAnlagentechnik GmbH & Co. KG

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