NEW YORK, Nov. 26, 2021 /PRNewswire/ -- The precast concrete market is set to grow by USD 16.43 bn from 2020 to 2025, progressing at a CAGR of 3.32%. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The precast concrete market analysis includes product and geography landscape.

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The precast concrete market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The report identifies the increase in concerns towards work-area safety and the need to lower the environmental impact as one of the major factors driving the growth of the market.

The Precast Concrete Market covers the following areas:

Precast Concrete Market Sizing
Precast Concrete Market Forecast
Precast Concrete Market Analysis

Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities in store for vendors. The precast concrete market has been segmented into five regions, namely APAC, Europe, North America, South America, and MEA. According to our analysis, 42% of the market's growth will originate from APAC during the forecast period. China and India are the key countries for the precast concrete market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. Growing urbanization and industrialization will drive the precast concrete market growth in APAC.

Some Companies Mentioned

• Boral Ltd.
• CEMEX SAB de CV
• CRH Plc
• Forterra Inc.
• Gulf Precast Concrete Co. LLC
• Julius Berger Nigeria Plc
• Kiewit Corp.
• LafargeHolcim Ltd.
• Larsen and Toubro Ltd.
• Tindall Corp.

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SOURCE Technavio