Persistence Market Research

Global Precast Construction Market to Experience Relatively High Demand by 2026

The Precast Construction Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.


New York, NY -- (SBWIRE) -- 03/08/2017 -- Precast Construction Market Dynamics

Precast construction technology has been found to be environment-friendly; hence, the technology has gained widespread approval from all over the globe. Besides the techno-economic benefits, precast construction delivery has been inducing users to switch to this new technology from the conventional one.

In the North American region, especially the U.S., new market participants could make a foothold after a relatively comfortable entry in smaller, niche construction segments in the near future. However, hurdles could be expected during market entry in the most important industry verticals as existing market participants in the precast construction market have the benefit of an established customer base and in-depth market knowledge, apart from their existing brand image – at least at a local level. Besides, some of them have vertically integrated enough to produce cement and concrete, thereby gaining considerable advantages in terms of production cost and infrastructural efficiency, which would be inaccessible to new entrants. Thus, it could be expected that in the near future, new precast construction companies would successfully enter only niche U.S. sub-markets.

It has been observed that growth in the worldwide demand for modular construction has been encouraging growth of the precast construction market and this trend is expected to continue for the next few years, as building contractors and construction companies are opting for precast construction in the modular construction business.

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Precast Construction Market Participants

Examples of some market participants in the global precast construction market are as follows:

Acs actividades de construcción y servicios S.A (Spain)
Komatsu Ltd. (Japan)
Bouygues Construction (France)
Larsen & Toubro Limited (India)
Taisei Corporation (Japan)
Balfour Beatty plc (UK)
Kiewit Corporation (US)
Laing O'Rourke (UK)
Julius Berger Nigeria Plc (Nigeria)
Red Sea Housing Services (Saudi Arabia)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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