Dublin, March 12, 2025 (GLOBE NEWSWIRE) — The “Precast Construction Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering.
The Precast Construction Market was valued at USD 115.72 Billion in 2024, and is expected to reach USD 160.26 Billion by 2030, rising at a CAGR of 5.42%
The Precast Construction Market is witnessing a significant shift toward modular and prefabricated construction methods as demand for faster, cost-effective, and sustainable building solutions intensifies. Modular construction, which involves manufacturing components off-site and assembling them on-site, is becoming increasingly popular due to its efficiency and ability to reduce construction time and costs. Precast elements such as walls, beams, and floors are fabricated in a controlled factory environment, ensuring high quality and precision. The benefits of precast solutions are particularly evident in large-scale construction projects, such as residential buildings, commercial facilities, and infrastructure developments.
The trend towards modularity allows for the standardization of designs, further streamlining production and improving supply chain management. Additionally, modular construction supports sustainability by reducing waste, as components are made to exact specifications, minimizing material excess. The off-site manufacturing process also reduces on-site labor requirements, further decreasing construction time and costs.
As urbanization accelerates, especially in emerging economies, the demand for quick and efficient construction methods is growing, positioning precast and modular construction as a strategic choice for developers. Furthermore, modular and prefabricated buildings align with the shift towards more flexible and adaptive architectural designs, accommodating the evolving needs of urban populations. This trend is expected to drive the continued expansion of the precast construction market, especially as it integrates with advanced construction technologies such as Building Information Modeling (BIM) to further enhance precision and coordination across project teams.
Advancements in Sustainable and Eco-Friendly Construction Practices
The growing emphasis on environmental sustainability is a major trend in the Precast Construction Market, with increasing adoption of eco-friendly practices and materials. As the construction industry grapples with rising concerns over climate change and resource depletion, the demand for sustainable building solutions has reached new heights. Precast concrete, known for its durability and thermal mass properties, is being increasingly favored as a sustainable construction material due to its ability to reduce energy consumption and its long lifespan. Moreover, manufacturers are incorporating recycled and locally sourced materials into precast products to reduce the carbon footprint of construction projects.
Innovations in low-carbon concrete formulations, such as the use of supplementary cementitious materials (SCMs) and alternative aggregates, are helping reduce greenhouse gas emissions associated with traditional concrete production. Additionally, the energy efficiency of precast structures is a critical factor in their growing adoption, as they provide superior insulation, reducing heating and cooling demands in buildings. As a result, precast buildings contribute to achieving green building certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method).
The move towards sustainable construction practices is also being driven by stringent regulations and government policies aimed at reducing the environmental impact of construction activities. This includes energy efficiency standards, waste management regulations, and carbon reduction targets, all of which are propelling the demand for precast concrete solutions. The trend toward eco-friendly building practices is expected to continue influencing the growth of the precast construction market as the construction industry strives to meet sustainability goals and reduce its environmental impact.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $115.72 Billion |
| Forecasted Market Value (USD) by 2030 | $160.26 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Report Scope:
Key Market Players
- CEMEX S.A.B. de C.V
- LafargeHolcim Ltd.
- Skanska AB
- CRH Plc
- Balfour Beatty Plc
- Boral Limited
- Tindall Corporation
- Olson Precast Company
Precast Construction Market, By Type:
- Manufactured Homes
- Modular Constructions
Precast Construction Market, By End-User Sector:
- Residential
- Non-Residential
Precast Construction Market, By Product:
- Columns & Beams
- Staircase
- Walls
- Floors & Roofs
- Paving Slabs
- Lintels
- Others
Precast Construction Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Precast Construction Market Outlook
6. North America Precast Construction Market Outlook
7. Europe Precast Construction Market Outlook
8. Asia-Pacific Precast Construction Market Outlook
9. South America Precast Construction Market Outlook
10. Middle East and Africa Precast Construction Market Outlook
11. Market Dynamics
12. Market Trends & Developments
13. Company Profiles
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/3nimb6
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- Precast Construction Market
