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Global Precast Construction Market 2017-2021

Global Precast Construction Market 2017-2021

About Precast Construction

Precast construction structures are produced by casting concrete in molds while constructing buildings, infrastructure, and others. These structures can be produced from molds of desired shape and size that are required at construction sites. The production of these structures is completely controlled and performed at the ground level, which provides safety throughout the project.

Technavio’s analysts forecast the global precast construction market to grow at a CAGR of 6.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global precast construction market for 2017-2021. To calculate the market size, the report considers demand for construction in key regions.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Precast Construction Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ACS Group
  • Bechtel
  • CSCEC
  • Larsen & Toubro (L&T)
  • VINCI
Other prominent vendors
  • Balfour Beatty
  • Bouygues Construction
  • Daiwa House Group
  • Granite Construction
  • Kiewitas
  • Red Sea Housing
  • Skanska
  • TAISEI
Market driver
  • Rise in demand for affordable housing
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material costs
  • For a full, detailed list, view our report
Market trend
  • Growing trend of smart cities
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Precast Construction Market 2017-2021

Technavio recognizes the following companies as the key players in the global precast construction market: ACS Group, Bechtel, CSCEC, Larsen & Toubro (L&T), and VINCI.

Other Prominent Vendors in the market are: Balfour Beatty, Bouygues Construction, Daiwa House Group, Granite Construction, Kiewitas, Red Sea Housing, Skanska, and TAISEI.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing trend of smart cities. In many parts of the world, cities are in fast progress, and the number of people who prefers to live in cities is also rapidly increasing. The governments across the world are showing a considerable effort to improve the life of urban people by announcing the initiatives such as smart cities.”

According to the report, one driver in the market is rise in demand for affordable housing. Rapid growth of population around the world demands new infrastructure in many large cities of South America, Africa, and India and in many emerging nations. These nations have a housing shortage of 10 million apartments. People in these regions need safe, affordable, and comfortable places to live in. Precast construction is proved to be the most cost-efficient, fast, and sustainable building technology for the large housing projects.

Further, the report states that one challenge in the market is fluctuating raw material costs. The fluctuating prices of raw materials such as stainless steel and iron ore hinder the growth of the market. The increment in material cost will lead to a rise in the production costs. This impacts the productivity of vendors as well as the profit margins. High price leads to a reduction in sales, thus affecting the profit margins.



Companies Mentioned

ACS Group, Bechtel, CSCEC, Larsen & Toubro (L&T), VINCI, Balfour Beatty, Bouygues Construction, Daiwa House Group, Granite Construction, Kiewitas, Red Sea Housing, Skanska, and TAISEI.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
  • Market landscape
    • Market overview
      • Table Global precast construction market 2016-2021
    • Market size and forecast
      • Table Global precast construction market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global precast construction market by end-user 2016 and 2021
    • Global precast construction market in nonresidential sector
      • Table Global precast construction market in non-residential sector 2016-2021 ($ billions)
    • Global precast construction market in residential sector
      • Table Global precast construction market in residential sector 2016-2021 ($ billions)
      • Table US new residential construction 2005-2016 (thousand units)
  • Geographical segmentation
    • Market overview
      • Table Global precast construction market by geography 2016 and 2021
    • Precast construction market in APAC
      • Table Precast construction market in APAC 2016-2021 ($ billions)
    • Precast construction market in Europe
      • Table Precast construction market in Europe 2016-2021 ($ billions)
      • Table Construction developments in Europe by market segments YoY 2014-2017 (%)
    • Precast construction market in North America
      • Table Precast construction market in North America 2016-2021 ($ billions)
      • Table US construction spending share by sectors December 2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Average construction spending in APAC 2015
      • Table Main types of housing policy objectives in OECD and EU countries
      • Table Common residential precast products
      • Table Breakup of $305 billion (all modes) over FY2016-2020 ($ billions)
    • Market challenges
      • Table Volatility in material prices
      • Table Major functions of EDE
      • Table China's GDP annual growth rate (%)
  • Market trends
    • Increase in use of SCC in prestressed bridge girders
      • Table Three primary components of SCC
    • Growing trend of smart cities
      • Table Smart city by sectors
      • Table Investment in smart cities by different markets
    • Growing commercial buildings
  • Vendor landscape
    • Market overview
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ACS Group
      • Table ACS Group: Key activities
      • Table ACS Group: Various subsidiary offerings
    • Bechtel
      • Table Bechtel: Services
      • Table Bechtel: Market expertise
    • CSCEC
      • Table CSCEC: Key products and services
    • Larsen & Toubro (L&T)
      • Table Larsen & Turbo: Business presence
      • Table Larsen & Toubro: Key products and services
    • VINCI
      • Table VINCI: Key products and services
  • Appendix
    • List of abbreviations
  • Explore Technavio

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