DUBLIN--(BUSINESS WIRE )--The "Precast Concrete Market, By Product Type, Construction Type, By Application, By End-use, and By Region Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The precast concrete market size is expected to reach USD 189.25 billion in 2028 and register a revenue CAGR of 5.7% over the forecast period, according to the latest report. The increasing construction activities, particularly in the residential sector, are projected to boost the demand for precast concrete products.
The rising population and rapid urbanization are anticipated to drive the growth of the residential construction industry. The increased investments by the government in this sector are also expected to propel market expansion.
For instance, in September 2019, the Ministry of Housing and Urban Affairs, Government of India, had launched a scheme titled Pradhan Mantri Awas Yojana (PMAY) to provide affordable housing to the urban population. The scheme is expected to generate demand for more than 20 million houses by the end of 2022. These factors are projected to positively impact market expansion.
Precast concrete has many advantages over cast-in-place concrete. It is produced in factories under controlled conditions, which ensures high quality and uniformity. Precast concrete can be made with high early strength concrete, so it can be placed and cured quickly, which reduces construction schedules. Precast concrete is environmentally friendly as it reduces waste on the construction site. It is also easier to handle and transport than cast-in-place concrete. However, increasing concerns regarding effects of carbon emissions on the environment are driving the market for precast concrete.
For the purpose of this report, the publisher has segmented precast concrete market based on product type, construction type, application, end-use, and region:
Product Type Outlook (Volume, Million Square Feet; Revenue, USD Billion; 2018-2028)
Construction Type Outlook (Volume, Million Square Feet; Revenue, USD Billion; 2018-2028)
Application Outlook (Volume, Million Square Feet; Revenue, USD Billion; 2018-2028)
End-use Outlook (Volume, Million Square Feet; Revenue, USD Billion; 2018-2028)
Regional Outlook (Volume, Million Square Feet; Revenue, USD Billion; 2018-2028)
Chapter 4. Precast Concrete Market Segmentation & Impact Analysis
Chapter 5. Precast Concrete Market By Product Type Insights & Trends
Chapter 6. Precast Concrete Market By Construction Type Insights & Trends
Chapter 7. Precast Concrete Market By Application Insights & Trends
Chapter 8. Precast Concrete Market By End-use Insights & Trends
Chapter 9. Precast Concrete Market Regional Outlook
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900