Latest Market Research Report 2025

The global   precast concrete market   was valued at USD 105.72 billion   in   2023   and is projected to grow at a   compound annual growth rate (CAGR) of 5.8%   from   2024 to 2030. This growth can be attributed to several key factors that are driving demand for precast concrete across the globe. One of the main drivers is the expansion of the construction industry, particularly in both developed and developing countries. As nations continue to increase investments in  infrastructure development , the demand for precast concrete—known for its durability, efficiency, and cost-effectiveness—has grown significantly. Infrastructure projects, such as highways, bridges, and commercial buildings, are becoming more widespread, requiring the use of advanced building materials like precast concrete for faster and more sustainable construction. Another contributing factor is the rise in disposable income levels in many countri...

  Precast Concrete Industry Overview The global precast concrete market size was valued at USD 92.14 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028.   Growing investments in infrastructure development projects in the Asia Pacific region are expected to be the primary factors driving the product demand over the forecast period. The infrastructure segment has been the major driver for the growing product adoption as the product has enabled the infrastructure companies to significantly reduce the overall project timelines and generate significant savings, in terms of labor and raw material costs. Major infrastructure components, such as girders, pillars, and bridge sections, are fabricated at an offsite location and transported to the project site at the time of installation.   Structural building components emerged as the largest product segment in the U.S. market in 2020. Growing emphasis on reducing the overa...