Precast Concrete Market by Global Demand, Trends, Applications & Sales by 2030

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 Surge in offsite construction activities to reduce material wastage and achieve cost efficiency continues to primarily drive the demand for precast concrete.

  • The precast concrete market will grow 1.5X during the projection period.
  • Structural and architectural building components collectively account for over 69% of the total market value.
  • Architectural building components exhibit a strong growth trajectory, with a projected 6.3% CAGR through 2030.
  • Highest growth can be seen in transportation precast concrete products propelling demand at an impressive 7% CAGR between 2020 and 2030.
  • Water & waste handling products also show a healthy growth rate of 5.7% CAGR till the end of 2030.
  • Residential end uses account for a majority share of more than 40% of the total market demand.
  • Infrastructure projects would remain the key revenue generator, with a projected CAGR of over 6.2% during the forecast period.
  • North America and Europe collectively hold 27% share of the total market value.
  • South Asia will capture a significant value share with a strong CAGR of 6.5% during the projection period.

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