DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Precast Construction Market - Global Forecast to 2021" report to their offering.
The precast construction market size is projected to grow at a CAGR of 6.10% during the forecast period of 2016-2021 and reach USD 177.09 billion by 2021.
The precast construction market is driven by factors such as rise in urban population increase in industrialization, and large-scale investments in the industrial and infrastructure sectors. Precast technology also allows construction of a larger number of structures with reduced time and cost, as compared to the conventional on-site construction methods.
The precast method offers benefits of high quality, increased efficiency, and better finishing. Lack of awareness regarding precast construction techniques and benefits, along with volatility in transportation and machinery costs might restrain the demand for this type of construction.
The Asia-Pacific market is projected to be the fastest-growing market during the forecast period. The key factors driving the growth of the market are the large-scale government investments in the infrastructure sector in this region. Additionally, the rise in population and increase in income is accelerating the per capita spending on construction. The markets of China and India are projected to be lucrative due to their ongoing and upcoming infrastructural construction projects, as well as rising consumer spending on construction sectors.
- ACS Actividades De Construccion Y Servicios, S.A.
- Balfour Beatty PLC
- Bouygues Construction
- Julius Berger Nigeria PLC
- Kiewit Corporation
- Komatsu Ltd.
- Laing O'rourke
- Larsen & Toubro Limited
- Red Sea Housing Services
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Precast Construction Market, By Product
8 Precast Construction Market, By Type
9 Precast Construction Market, By End-Use Sector
10 Precast Construction Market, By Region
11 Competitive Landscape
12 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/bwlrhj/precast