Global Pre-cast Construction Market Information by Material (Steel, Concrete, Wood, Plastic, and Others), by Construction (Manufactured and Modular), by Application (Commercial, Residential, Infrastructure, and Others) and Region - Forecast to 2021

Global Pre-cast Construction Market – Overview

The rising emphasis on cost reductions and efficiencies in the construction sector are driving the pre-cast construction market globally. Market reports linked with the construction technology industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is estimated to advance at an optimistic CAGR in the forecast period.

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The demand for pre-cast concrete has risen the most among all the construction materials in the past few years. Thus, precast concrete has grown rapidly in the market for pre-cast construction. The growing awareness of the eco-friendly building practices is a key driver for the expansion of the pre-cast construction market. Moreover, the market for precast construction is anticipated to develop favorably with government funding and initiatives in the coming years.

Industry Updates:

Jan 2019 Holcim which is regarded as one of the foremost manufacturers of construction materials in Germany has reached a decision with the owners of Alfons Greten Betonwerk GmBH & co. KG to run the precast and ready mixed concrete plants in Cloppenburg. The settled transfer of the business consists of building, land, facilities, and the changeover of around 100 employees. Holcim will also take over the globally established brand name, Greten. The operation base in Essen will be managed as the third location of Vetra Betonfertigteilwerke GmbH.

Segmental Analysis

The segmentation of the pre-cast construction market is carried out on the basis of construction, application, material, and region. Based on material, the pre-cast construction market is segmented into concrete, steel, plastic, wood, and others. The segmentation of the pre-cast construction market on the basis of construction comprises of modular and manufactured. Based on application, the pre-cast construction market is segmented as residential, commercial, infrastructure, and others. The regions included in the pre-cast construction are Europe, APAC, North America and Rest of the World.

Detailed Regional Analysis

The regional analysis of the pre-cast construction market includes regions such as Europe, Asia Pacific, North America and Rest of the World. The Asia Pacific region controls the pre-cast construction market globally with its fast-paced growth worldwide. The region is projected to rise at a positive CAGR in the forecast period. The region is anticipated to display speedy infrastructural development. Due to the surge in investments in the regions of India and China, the construction sector is rising in the Asia Pacific region. The rise of foreign investment in India is additionally backing the market for pre-cast construction. The North American region is anticipated to develop rapidly over by 2021. The European region and Rest of the World are anticipated to develop flourish at an incremental CAGR in the forecast period.

Competitive Analysis

The advent of new technology has boosted the growth potential of the market. The market trends hint at favorable development of the products that can bring in novelty to the product range and address the customer need better. The presence of a productive entity is expected to generate more sales or superior margins compared to its market rivals. Substantial cutbacks in administrative finances are bringing further development to the market. The market shows potential for demonstrating a greater comparative or differential value. The development of a strong value chain is moreover motivating the expansion of the market. The market competitors find themselves in a favorable position with the ability to manage the pace of change.

The crucial competitors in the pre-cast construction market report are Komatsu Ltd., ACS Actividades de Construcción y Servicios S.A., Kiewit Corporation, Balfour Beatty, Red Sea Housing Services, Skanska AB Larsen & Toubro Limited, System House R & C Co., Ltd., Balfour Beatty Plc, Bouygues Construction, Taisei Corporation, Laing O’Rourke and Julius Berger Nigeria Plc.

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