Published by TMR Research Insights
Posted on September 30, 2021
The global precast construction market was valued at around US$ 111 Bn in 2017. It is anticipated to expand at a CAGR of approximately 5.1% during the forecast period, according to a new report titled ‘Precast Construction Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). The report infers that the use of precast construction reduces the lead time and provides better dynamics such as durability and sustainability to the structure as compared to the use of conventional construction techniques. This is expected to drive the precast construction market during the forecast period. Asia Pacific and Europe are leading regions of the precast construction market. The precast construction market in Asia Pacific is projected to expand at a CAGR of more than 6% during the forecast period, owing to a rise in investments in residential and infrastructure projects in the region.
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Reduction in Construction Time and Structural Properties of Precast Concrete Products to Boost Market Growth
Precast construction saves up to 20% of the total construction time as compared to conventional construction methods. It helps in saving valuable lead time and in reducing the risk of delay or monetary loss in the project, which is expected to boost the precast construction market. The raw materials used in precast construction are inorganic, natural, and recycled resources. Production of precast construction components involves minimal processing or chemical treatment, which results in low embodied energy value (carbon emissions). Thus, a reduction in carbon emission through the precast construction technology is projected to drive the precast construction market during the forecast period. Important parameters such as temperature, mix design, and stripping time are monitored and controlled in a factory environment while producing precast components. A factory-controlled prefabrication environment and elimination of rectification work render high quality and esthetic value to products, thereby augmenting their demand. Precast concrete products are resistant to friction, impact, acid, corrosion, abrasion, and other environmental factors. Precast concrete structures have a longer service life and require minimal repair and maintenance. High structural strength, increased durability, and better rigidity are driving demand for precast construction products.
Buy Premium Research Report@https://www.transparencymarketresearch.com/checkout.php?rep_id=20921<ype=S
Use of high-quality machinery, equipment, and materials; extensive preproject planning; and high investments in the construction industry are estimated to offer lucrative opportunities to the precast construction market during the forecast period. However, high initial cost and logistical and material handling damages are anticipated to hamper the market.
Floor & Roof System Segment to Gain Momentum
The report presents a detailed segmentation of the global precast construction market based on its structure system and end-use. In terms of structure system, the floor & roof system segment constituted a major share of the global precast construction market in 2017. Floor & roof systems enable a large span capacity besides providing excellent sound transmission and heat resistance characteristics. Moreover, they provide load distribution properties and are ideally used in garages, gymnasiums, paper mills, office & commercial buildings, industrial buildings (food processing industry, paper mills), condominiums, apartments, hotels, educational institutions, sewage & water treatment plants, etc.. They are also used as thermal mass to reduce the need for air conditioning. The floor & roof system segment is expected to expand rapidly, due to the high adoption rate of floor & roof systems in the precast construction market.
Explore Transparency Market Research’s award-winning coverage of the global Industry:https://www.prnewswire.com/news-releases/construction-players-in-redispersible-polymer-powder-market-for-1k-cementitious-waterproofing–self-levelling-mortars-for-residential-and-commercial-projects-tmr-301092066.html
Prominent Players in the Global Precast Concrete Market
The report also provide profiles of leading players operating in the global precast concrete market such as Bison Manufacturing Limited, Cemex S.A.B. de C.V., China National Building Material Company Limited, Coltman Precast Concrete Limited, CRH plc, Elematic Oyj, LafargeHolcim, Larsen & Toubro Limited., Taisei Corporation, and Weckenmann Anlagentechnik GmbH & Co. KG. These players offer sustainable and durable solutions to clients. Innovation of modern construction equipment and techniques through R&D is one of the approaches adopted by them.
The global precast construction market has been segmented as follows:
Global Precast Construction Market: Segmentation
By Structure System
By End-use
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
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Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
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The global precast construction market was valued at around US$ 111 Bn in 2017. It is anticipated to expand at a CAGR of approximately 5.1% during the forecast period, according to a new report titled ‘Precast Construction Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). The report infers that the use of precast construction reduces the lead time and provides better dynamics such as durability and sustainability to the structure as compared to the use of conventional construction techniques. This is expected to drive the precast construction market during the forecast period. Asia Pacific and Europe are leading regions of the precast construction market. The precast construction market in Asia Pacific is projected to expand at a CAGR of more than 6% during the forecast period, owing to a rise in investments in residential and infrastructure projects in the region.
Request a Sample –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20921
Reduction in Construction Time and Structural Properties of Precast Concrete Products to Boost Market Growth
Precast construction saves up to 20% of the total construction time as compared to conventional construction methods. It helps in saving valuable lead time and in reducing the risk of delay or monetary loss in the project, which is expected to boost the precast construction market. The raw materials used in precast construction are inorganic, natural, and recycled resources. Production of precast construction components involves minimal processing or chemical treatment, which results in low embodied energy value (carbon emissions). Thus, a reduction in carbon emission through the precast construction technology is projected to drive the precast construction market during the forecast period. Important parameters such as temperature, mix design, and stripping time are monitored and controlled in a factory environment while producing precast components. A factory-controlled prefabrication environment and elimination of rectification work render high quality and esthetic value to products, thereby augmenting their demand. Precast concrete products are resistant to friction, impact, acid, corrosion, abrasion, and other environmental factors. Precast concrete structures have a longer service life and require minimal repair and maintenance. High structural strength, increased durability, and better rigidity are driving demand for precast construction products.
Buy Premium Research Report@https://www.transparencymarketresearch.com/checkout.php?rep_id=20921<ype=S
Use of high-quality machinery, equipment, and materials; extensive preproject planning; and high investments in the construction industry are estimated to offer lucrative opportunities to the precast construction market during the forecast period. However, high initial cost and logistical and material handling damages are anticipated to hamper the market.
Floor & Roof System Segment to Gain Momentum
The report presents a detailed segmentation of the global precast construction market based on its structure system and end-use. In terms of structure system, the floor & roof system segment constituted a major share of the global precast construction market in 2017. Floor & roof systems enable a large span capacity besides providing excellent sound transmission and heat resistance characteristics. Moreover, they provide load distribution properties and are ideally used in garages, gymnasiums, paper mills, office & commercial buildings, industrial buildings (food processing industry, paper mills), condominiums, apartments, hotels, educational institutions, sewage & water treatment plants, etc.. They are also used as thermal mass to reduce the need for air conditioning. The floor & roof system segment is expected to expand rapidly, due to the high adoption rate of floor & roof systems in the precast construction market.
Explore Transparency Market Research’s award-winning coverage of the global Industry:https://www.prnewswire.com/news-releases/construction-players-in-redispersible-polymer-powder-market-for-1k-cementitious-waterproofing–self-levelling-mortars-for-residential-and-commercial-projects-tmr-301092066.html
Prominent Players in the Global Precast Concrete Market
The report also provide profiles of leading players operating in the global precast concrete market such as Bison Manufacturing Limited, Cemex S.A.B. de C.V., China National Building Material Company Limited, Coltman Precast Concrete Limited, CRH plc, Elematic Oyj, LafargeHolcim, Larsen & Toubro Limited., Taisei Corporation, and Weckenmann Anlagentechnik GmbH & Co. KG. These players offer sustainable and durable solutions to clients. Innovation of modern construction equipment and techniques through R&D is one of the approaches adopted by them.
The global precast construction market has been segmented as follows:
Global Precast Construction Market: Segmentation
By Structure System
By End-use
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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