Precast Concrete Market Size, Growth & Industry Forecast 2029
The Precast Concrete Market generated a revenue of USD 125.4 billion in 2021 and is expected to reach USD 196.9 billion in 2029, expanding at a CAGR of 5.8% over the forecast period. The factors driving the growth of Precast Concrete Market includes increasing application of precast concrete in the construction of bridges, dams, and stadiums, growing focus on developing high-quality infrastructure and rise in the number of green buildings projects across the globe. Moreover, increase in road accidents at construction sites, growing preference for modern construction methods, rising adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Precast Concrete Market size . In addition, the increasing investments by leading players on research and development, strategic mergers, and acquisitions between key industry players and rising disposable incomes, are further contribution towards the market growth. However, ...