Precast Construction Market Scope
Precast construction refers to dividing the building into components, which are manufactured in a precast concrete plant, and transported by special transportation equipment to the construction site for installation. Use of precast construction reduces the amount of waste generated as compared to conventional construction methods and provides a safe working platform for workers. Precast construction market has high growth prospects owing to increasing investment in the construction industry in the developing countries. Further, increasing demand for relocatable modular buildings expected to drive the demand for precast construction over the forecasted period.
According to AMA, the Global Precast Construction market is expected to see growth rate of 6.9% Research Analyst at AMA estimates that United States,Japan Vendors will contribute to the maximum growth of Global Precast Construction market throughout the predicted period.
ACS Group (Spain), Bouygues Construction (France), Larsen & Toubro (India), Taisei (Japan), Balfour Beatty (United Kingdom), Kiewit Corporation (United States), Komatsu Ltd (Japan), Skanska (Sweden), Boral Limited (Australia), Spancrete (United States) and CRH Plc (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Cemex (Mexico), LafargeHolcim Ltd. (Switzerland), Laing O’Rourke (United Kingdom) and Julius Berger Nigeria (Nigeria).
Segmentation Overview
The study have segmented the market of Global Precast Construction market by Type (Columns & Beams, Floors & Roofs, Walls, Staircases, Girders, Paving Slabs and Others), by Application (Non-residential and Residential) and Region with country level break-up.
On the basis of geography, the market of Precast Construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Demand for Relocatable Modular Buildings and Emphasizing On Technological Developments for Sustainable Construction Methods
Market Growth Drivers:
Rapid Urbanization Led to Rise in New Construction Projects and Growing Need to Reduce Construction Cost & Time
Challenges:
Lack of Awareness in Emerging Countries
Restraints:
Lack of Skilled Labor to Adopt Modular Construction Technology and Lack of Transportation Resources for Precast Construction
Opportunities:
Increasing New Construction Projects in the Developing Economies and Rising Focus on Reducing Environmental Impacts of Construction Activities
Market Leaders and their Expansionary Development Strategies
2018, LafargeHolcim Ltd. engaged in manufacturing building materials acquire Tarrant Concrete a ready-made concrete company to expand its footprint in the United States.
“The Federal Aviation Administration has updated its "Standard Specifications for Construction of Airports" advisory circular to include precast-specific language for concrete drainage structures. The previous spec made no mention of precast concrete and primarily featured cast-in-place methods. The updated guidance also requires that precast concrete structures be provided by a plant meeting the requirements of the National Precast Concrete Association (NPCA) Plant Certification Program or a Resident Project Representative-approved third-party equivalent.”
Key Target Audience
Precast Construction Manufacturers, Raw Material Suppliers, Original Equipment Manufacturers, Architects & Engineers, Building Contractors, Logistics Partners, Machinery Suppliers, Regulatory Bodies, Market Research and Consulting Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.