Precast Concrete Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Construction Activities Globally
- Rising Demand for Fast Track Construction
Challenges
- Fluctuating Prices of Raw Materials
Precast Concrete Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.2% |
|
Base Year Market Size (2024) |
USD 162.21 billion |
|
Forecast Year Market Size (2037) |
USD 354.57 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of precast concrete is estimated at USD 170.76 billion.
Precast Concrete Market size was over USD 162.21 billion in 2024 and is anticipated to cross USD 354.57 billion by 2037, growing at more than 6.2% CAGR during the forecast period i.e., between 2025-2037.
North America industry is likely to dominate majority revenue share by 2037, on the back of constantly increasing commercial construction activities in the region.
The major players in the market are Laing O'Rourke, CEMEX, S.A.B. de C.V., CRH plc, Skanska USA Inc., Balfour Beatty Plc., Gulermak A.S, Holcim Ltd, and others.
