Precast Concrete Market Set to Witness an Uptick Size USD 172.7 Bn to 2030
The global Precast Concrete Market will grow at 5.4% CAGR during the forecast period (2020-2030), as projected by a new Future Market Insights (FMI) study. Surge in offsite construction activities to reduce material wastage and achieve cost efficiency continues to primarily drive the demand for precast concrete. Infrastructure development in emerging countries such as India, Indonesia, China, and Brazil provides a strong impetus to the demand for precast concrete. There is a global shift among building & construction methods as precast concrete manufacturers innovate production techniques. The reusability of molds, when coupled with advancements in material science, forms a profitable basis for market players to garner customers. Increasing preference for precast concrete products on the back of superior quality, enhanced structural integrity, and cost efficiency continues to drive gainful opportunities for market players. Major organizations a...