Precast Concrete Market: Challenges to Market Growth, Size, Share, Forecast 2023Posted by Market Research Future on November 28th, 2018 Market Highlights The rising adoption of the smart city concept will be one of the latest trends that will contribute growth for the precast concrete market. The growing preference of the people to live in urban locations, induces the governments of the countries around the world to focus on initiatives such as smart cities to improve the life of urban people. These initiatives will aim at developing plans for intelligent networking of energy, water supplies, lighting, and mobility systems. Get Sample Copy@ https://www.marketresearchfuture.com/sample_request/4850 Rapid growth in the construction sector is one of the major factors driving the precast concrete market. High demand for residential and non-residential buildings, has significant impact on the demand for precast concrete, as they are used in the flooring and walls of the buildings. Pre-Stressed concrete are the most used structures in the construction industry. It comprises concrete beams, columns, spandrels, single and double tees, wall panels, segmental bridge units, bulb-tee girders, I-beam girders, and many others. It has been forecast that residential and non-residential construction will support industry demand with continuous recovery and growth. This will expand the construction for bridges, highways, and other transportation infrastructure. The global precast concrete market is expected to grow at ~ 6% CAGR during the forecast period. Market Research Analysis Pre-stressed concrete and Non-Residential sector are, expected to grow at the highest CAGR Global precast concrete market has been segmented based on structures, end-use and regions. Based on structures, the market has been segmented as Pre-Stressed Concrete, Sandwich Wall (Insulated Double-Wall) Panels and others. Among these, the pre-stressed concrete occupies the largest share as it is more durable, crack proof and has higher tensile strength compared to conventional reinforced concrete. It is majorly used in commercial constructions such as shopping centers, gymnasiums, hotels, etc. Based on end-use, the market has been segmented as Nonresidential Building, Non-Building, Residential and Agricultural. Non-residential buildings are expected to dominate the market among all the end-use segments. The construction of hotels, office spaces, manufacturing facilities and amusement & recreation spaces, has given the highest boost to this segment. Scope of the ReportThis study provides an overview of the global precast concrete market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the precast concrete market by its structures, by end-use and by region.
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