QatarBusinessToday.com
No Result
View All Result
  • About Us
  • Contact Us
  • Business
  • Energy
  • Finance
  • Healthcare
  • Real Estate
  • Travel
  • Tech
  • Middle East
  • Press Releases
Submit a Press Release
  • Business
  • Energy
  • Finance
  • Healthcare
  • Real Estate
  • Travel
  • Tech
  • Middle East
  • Press Releases
No Result
View All Result
QatarBusinessToday.com
Submit PR
Home Press Releases

Precast Concrete Market worth $198.9 billion by 2027

Newsroom by Newsroom
September 23, 2022
Precast Concrete Market worth $198.9 billion by 2027
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, September 23, 2022 ) The report “Precast Concrete Market by Element (Columns & Beams, Floors & Roofs, Girders, Walls & Barriers, Utility Vaults, Pipes, Paving Slabs), Construction Type, End-use Sector (Residential, Non-residential) and Region – Global Forecast to 2027″, size is projected to grow from USD 144.6 billion in 2022 to USD 198.9 billion by 2027, at a CAGR of 6.6% from 2022 to 2027. The growth of the precast concrete market is attributed to the reduced construction time, improved productivity, reduced construction cost and less environmental impact. The growing need for cost-effective, safe, and green construction material is expected to drive the demand for precast concrete.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125074015

Columns & beams segment to dominate the precast concrete market during forecast period

In terms of value, the columns & beams segment is projected to lead the precast concrete market. This is attributed to its extensive use in both non-residential and residential end-use industry. Growing construction industry coupled with rising need for cost-effective, efficient, and rapid construction process is expected to drive the demand for the precast column and beams. Moreover, the growing demand of residential construction due to urbanization and increasing non-residential construction spending by governmental authorities in emerging economies of Asia Pacific, Middle East & Africa, and South America will drive the market demand during forecast period.

Elemental construction segment to dominate the precast concrete market during the forecast period

In terms of value and volume, the elemental construction segment is projected to lead the precast concrete market. Factory made precast elements ensures excellent finish, strength, dimensional tolerances, adequate consistency and quality controls. Building an entire structure using precast elements expedite construction, reduces time on site and defects, reduces labor cost, and lowers propping and scaffolding costs. All these factors attribute to the elemental construction to be most popular construction type among builders and contractors.

Non-residential segment to dominate the precast concrete market during the forecast period

In terms of value and volume, the non-residential segment is projected to lead the precast concrete market. According to American Institute of Architects (AIA), the recovering in manufacturing sector, growing retail facilities will ensure an optimistic future growth of the market. The industrial sector is expected to pace the building construction upturn in 2022 and 2023, while the institutional sector is forecast to begin its recovery this year and accelerate moving into 2023. This will drive the demand for non-residential market during forecast period.

Don’t miss out on business opportunities in Precast Concrete Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=125074015

Browse in-depth TOC on “Precast Concrete Market”
472 – Market Data Tables
53 – Figures
323 – Pages

The Asia Pacific region is to dominate the precast concrete market during the forecast period

In terms of value and volume, the Asia Pacific region is projected to lead the precast concrete market. The major factor attributed to the growth of the market is the large-scale government investments in the infrastructure sector in the region. Moreover, the increasing population and rising incomes are driving the per capita spending on construction. China and India are projected to be lucrative market due to their ongoing and upcoming infrastructural construction projects as well as rising consumer spending on construction projects.

Cemex S.A.B de C.V. (Mexico), Boral Limited (Australia), LafargeHolcim Ltd. (Switzerland), Balfour Beatty plc (UK), CRH Plc (UK), Skanska AB (Sweden), Forterra, Inc. (US), DeVinci Precast (US), Atco Concrete Products N.V. (Netherlands), Beaver Gulf Precast Concrete (Dubai), are the key players operating in the precast concrete market. Acquisitions, expansions, contracts, agreements & partnerships, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the precast concrete market.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=125074015

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” 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.



Source link

Previous Post

مؤتمر الأطراف التاسع عشر لاتفاقية السايتس: IFAWيعقد مع شركاؤه ورشة عمل إقليمية للبلدان العربية لما قبل اتفاقية CITES في الأردن

Next Post

Geothermal Heating and Cooling Market 2022 | Industry Size, Share, Business Boosting Strategies, Growth Opportunities 2028

Related Posts

3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation
Press Releases

3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

May 29, 2023
Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)
Press Releases

Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

May 29, 2023
Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)
Press Releases

Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)

May 29, 2023
Press Releases

Identity Verification Market Size, Share, Growth, Trends and Forecast – 2027

May 29, 2023
Press Releases

Latin America: Opportunities and Challenges in On-Orbit Satellite Servicing (2023-2030)

May 29, 2023
Press Releases

DataOps Platform Market Outlook To 2028 | Precise Scenario with Latest Trends, Opportunities, Growth Overview

May 29, 2023

Recommended Stories

Aqueous-based Metal Cleaners Market worth $14.6 billion by 2027

Aqueous-based Metal Cleaners Market worth $14.6 billion by 2027

January 26, 2023

Size, Share, Trends, Current and Future Analysis

July 1, 2022

Digital Twin in Finance Market Size, Share, Trends, Current and Future Analysis

May 9, 2023

Popular Stories

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • Exchange goods, vehicles, or property for crypto on Bazaars

    0 shares
    Share 0 Tweet 0
  • Rastec Real Estate holds groundbreaking for mixed-use building project

    0 shares
    Share 0 Tweet 0
  • Qatari Ministry, Meta partnership seeks growth of digital innovation ecosystem

    0 shares
    Share 0 Tweet 0
  • Al Futtaim Group Real Estate partners with TIER Mobility for micro-mobility services at Dubai Festival City – MEConstructionNews.com

    0 shares
    Share 0 Tweet 0

Qatar Business Today™ publishes and aggregates business, socio-economic, Tech and industrial news on Qatar, Middle East and North Africa (MENA)..

Press release distribution services:

We provide press release distribution to media in Qatar, the Arab world and the GCC/MENA regions. Submit a press release today, contact us.

Recent News

.
  • AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury
  • Qatar Airways increases flights to Amman as of next week – Ammon News
  • ‘Project Qatar to play key role in achieving QNV 2030’ – ZAWYA
  • Qatar pumps funds into Central Bank reserves after $5.2 billion budget surplus – Doha News

Categories

Business
Energy
Finance
Healthcare
Real Estate
Travel
Tech
Middle East
Press Releases

Subscribe to Our Newsletter

    Qatar Business Today™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Business
    • Energy
    • Finance
    • Healthcare
    • Real Estate
    • Tech
    • Travel
    • Middle East
    • Press Releases
    • About Us
      • Contact Us
      • Submit a Press Release

    Qatar Business Today™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC