HOME › Press Releases › Precast/Prefabricated Construction Market worth USD 208.79 Billion USD by 2020
Precast/Prefabricated Construction Market worth USD 208.79 Billion USD by 2020
The report “Precast/Prefabricated Construction Market by Product Type (Floors & Roofs, Walls, Columns & Beams, Others), Construction Type (Modular, Manufactured, Others), End-Use Sector (Residential, Non-Residential, Infrastructure, Others), Region - Trends & Forecast to 2020”, defines, segments, analyzes, and forecasts the global precast/prefabricated construction market. It also identifies the driving and restraining factors for this market with the analysis of current and future trends, opportunities, and challenges.
Browse 252 tables and 57 figures spread through 281 pages and in-depth TOC on "Precast/Prefabricated Construction Market by Product Type (Floors & Roofs, Walls, Columns & Beams, Others), Construction Type (Modular, Manufactured, Others), End-Use Sector (Residential, Non-Residential, Infrastructure, Others), Region - Trends & Forecast to 2020"
Early buyers will receive 10% customization on reports.
The market is segmented on the basis of product type, construction type, end-use sector, and major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW), and is forecasted till 2020. Major countries in all the regions have been considered for the study.
The precast/prefabricated construction market is end-user oriented. It has shown significant growth after the economic slowdown between 2007 and 2009. This market is mostly driven by the upward surge in the demand for new constructions all over the world due to rapid urbanization and industrialization. Increased investment in infrastructural developments in emerging markets is another driver for the precast/prefabricated construction market. The eco-friendly characteristic of precast/prefabricated construction components and techniques has helped in its acceptance and penetration in the global market. A lot of innovations in designs & technological advancements have been witnessed by the industry in the last decade.
The global precast/prefabricated construction market is projected to reach USD 208.79 billion by 2020, at a CAGR of 6.50% between 2015 and 2020. The huge demand for new construction in emerging economies due to infrastructural development and increasing industrialization is expected to accelerate the growth of the precast/prefabricated construction market. The major restraining factor for this market is the market saturation in developed countries.
The precast/prefabricated construction market is marked with intense competition due to the presence of a large number of players. Contracts, collaborations, partnerships & agreements, and mergers & acquisitions are the major strategies adopted by market players to ensure growth in this market. Leading players in precast/prefabricated construction market include ACS Actividades de Construccion y Servicios (Spain), Komatsu Ltd. (Japan), Bouygues Construction (France), Larsen & Toubro Limited (India), Taisei Corporation (Japan), Balfour Beatty Plc (U.K.), Kiewit Corporation (U.S.), Laing O’Rourke (U.K.), Julius Berger Nigeria Plc (Nigeria), and Red Sea Housing Services (Saudi Arabia).
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India