The Asia-Pacific precast concrete market is evaluated to progress with a CAGR of 5.59% during the forecasted period of 2022 to 2030, capturing a revenue share of $73.61 billion by 2030.

ASIA-PACIFIC PRECAST CONCRETE MARKET FORECAST 2022-2030

Asia-Pacific Precast Concrete Market by Product (Structural Building Components, Architectural Building Components, Transportation Products, Water & Waste Handling Products, Other Products) Market by Structural System (Beam and Column System, Bearing Wall System, Floor and Roof System, Façade System, Other Structure Systems) Market by End Use (Infrastructure, Commercial, Residential, Industrial) by Geography

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The Asia-Pacific precast concrete market is evaluated to progress with a CAGR of 5.59% during the forecasted period of 2022 to 2030, capturing a revenue share of $73.61 billion by 2030.

The market growth of the region is facilitated by key drivers, including easy land availability, rapid infrastructural development, increasing governmental investments in mega projects, as well as a rise in per capita income among middle-class economies. However, the Asia-Pacific precast concrete market growth will likely be restrained due to increased costs throughout the supply chain.

Asia-Pacific Precast Concrete Market

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The Asia-Pacific precast concrete market growth evaluation entails a detailed study of China, Japan, India, South Korea, Indonesia, Singapore, Taiwan, Australia & New Zealand, and Rest of Asia-Pacific. The rising demand for consumer-oriented buildings is expected to play an essential role in aiding the economy of China. Besides, over the upcoming decade, the local government aims to invest in the export of building as well as construction services to other markets, given the significant engineering competencies and tremendous manufacturing capacity. China’s sector for structural building components is also set to witness rapid growth rates, thus consequently propelling the demand for precast concrete in the country.

On the other hand, tax breaks, as well as government subsidies granted to businesses, are projected to fuel the expansion of the industrial sector in Japan. This factor is also anticipated to support the construction industry’s growth over the upcoming years. Aligning with this, construction activities in Japan will likely be supplemented by the rise in government expenditure, in addition to institutional assistance. It is also anticipated that the rising commercial property rental prices and reduced borrowing costs would further reinforce the expansion of the construction industry, thereby favorably impacting the demand for precast concrete in Japan. Hence, these drivers are predicted to proliferate the precast concrete market growth in the Asia-Pacific during the forecast period.

The Asia-Pacific precast concrete market is segmented into product, structural system, and end use. The end use segment includes infrastructure, commercial, residential, and industrial. The low maintenance requirements and exceptional durability of precast concrete predominantly encourage its use in the infrastructure application sector. Since the surface of precast concrete buildings is designed to minimize ambient noise from highway traffic and trains, they can be utilized for constructing noise-canceling walls, as well.

Conversely, commercial infrastructure entails brand-new developments in addition to the construction of offices, institutions, shopping centers, hotels, and others. Precast concrete is one of the most commonly used materials for building commercial structures since it is produced off-site and helps save both space and time. In addition to educational facilities, crossties, and burial vaults, precast concrete can also be used for building pedestrian ramps, concession kiosks, changing rooms

The top players operating in the Asia-Pacific precast concrete market are Taisei Corporation, Larsen & Toubro Limited, etc.

Larsen & Toubro Limited, headquartered in India, is a multinational conglomerate involved in construction, engineering, manufacturing, and technology. The company also provides services for various sectors, including infrastructure, power, hydrocarbon, process industries, and defense.

Report Synopsis

Report Scope

Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Billion)
Segments Analyzed Product, Structural System, End Use
Countries Analyzed China, Japan, India, South Korea, Indonesia, Singapore, Taiwan, Australia & New Zealand, Rest of Asia-Pacific
Companies Analyzed

Balfour Beatty PLC, Boral Limited, Bouygues Construction, CEMEX SAB de CV, Elementbau Osthessen GmbH & Co, ELO KG, Gulf Precast Concrete Co LLC, Holcim, Julius Berger Nigeria PLC, Laing O’Rourke, Larsen & Toubro Limited, Oldcastle Infrastructure, Olson Precast Company, Rinker Materials, Taisei Corporation, Wells Concrete

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • ADVANTAGES OF PRECAST CONCRETE AMID URBANIZATION AND POPULATION GROWTH
        • SURGING RENOVATION & REMODELLING PROJECTS AND GOVERNMENT INITIATIVES
        • RISING POPULARITY OF OFF-SITE PRECAST CONCRETE FABRICATIONS
      • KEY RESTRAINTS
        • HIGH CAPITAL INVESTMENT
        • PROJECT DELIVERY AND SUPPLY CHAIN CHALLENGES
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON PRECAST CONCRETE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • REGULATORY FRAMEWORK
    2. MARKET BY PRODUCT
      • STRUCTURAL BUILDING COMPONENTS
      • ARCHITECTURAL BUILDING COMPONENTS
      • TRANSPORTATION PRODUCTS
        • RAIL
        • ROAD
        • OTHER TRANSPORTATION PRODUCTS
      • WATER & WASTE HANDLING PRODUCTS
        • WASTEWATER
        • STORMWATER
        • WATER PIPES
      • OTHER PRODUCTS
    3. MARKET BY STRUCTURAL SYSTEM
      • BEAM AND COLUMN SYSTEM
      • BEARING WALL SYSTEM
      • FLOOR AND ROOF SYSTEM
      • FAÇADE SYSTEM
      • OTHER STRUCTURE SYSTEMS
    4. MARKET BY END USE
      • INFRASTRUCTURE
        • METRO
        • BRIDGES
        • OTHER INFRASTRUCTURES
      • COMMERCIAL
        • COMPLEX
        • MALLS
        • OTHER COMMERCIALS
      • RESIDENTIAL
      • INDUSTRIAL
    5. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • SINGAPORE
          • TAIWAN
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY PROFILES
        • BALFOUR BEATTY PLC
        • BORAL LIMITED
        • BOUYGUES CONSTRUCTION
        • CEMEX SAB DE CV
        • ELEMENTBAU OSTHESSEN GMBH & CO ELO KG
        • GULF PRECAST CONCRETE CO LLC
        • HOLCIM
        • JULIUS BERGER NIGERIA PLC
        • LAING O’ROURKE
        • LARSEN & TOUBRO LIMITED
        • OLDCASTLE INFRASTRUCTURE INC
        • OLSON PRECAST COMPANY
        • RINKER MATERIALS
        • TAISEI CORPORATION
        • WELLS CONCRETE

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – PRECAST CONCRETE

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 4: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY PRODUCT, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 5: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY TRANSPORTATION PRODUCTS, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 6: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY TRANSPORTATION PRODUCTS, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 7: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY WASTE & WASTE HANDLING PRODUCTS, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 8: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY WASTE & WASTE HANDLING PRODUCTS, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 9: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY STRUCTURAL SYSTEM, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 10: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY STRUCTURAL SYSTEM, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 11: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY END USE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 12: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY END USE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 13: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY INFRASTRUCTURE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 14: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY INFRASTRUCTURE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 15: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY COMMERCIAL, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 16: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY COMMERCIAL, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 17: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 18: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 19: LEADING PLAYERS OPERATING IN ASIA-PACIFIC PRECAST CONCRETE MARKET

    TABLE 20: LIST OF MERGERS & ACQUISITIONS

    TABLE 21: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 22: LIST OF PARTNERSHIPS & AGREEMENTS

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: EXAMPLES OF NOVEL TECHNOLOGIES IN PRECAST CONCRETE COMPONENTS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: VALUE CHAIN ANALYSIS

    FIGURE 7: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

    FIGURE 8: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY STRUCTURAL BUILDING COMPONENTS, 2022-2030 (IN $ BILLION)

    FIGURE 9: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY ARCHITECTURAL BUILDING COMPONENTS, 2022-2030 (IN $ BILLION)

    FIGURE 10: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY TRANSPORTATION PRODUCTS, 2022-2030 (IN $ BILLION)

    FIGURE 11: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY TRANSPORTATION PRODUCTS, IN 2021

    FIGURE 12: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY RAIL, 2022-2030 (IN $ BILLION)

    FIGURE 13: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY ROAD, 2022-2030 (IN $ BILLION)

    FIGURE 14: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY OTHER TRANSPORTATION PRODUCTS, 2022-2030 (IN $ BILLION)

    FIGURE 15: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY WATER & WASTE HANDLING PRODUCTS, 2022-2030 (IN $ BILLION)

    FIGURE 16: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY WASTE & WASTE HANDLING PRODUCTS, IN 2021

    FIGURE 17: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY WASTEWATER, 2022-2030 (IN $ BILLION)

    FIGURE 18: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY STORMWATER, 2022-2030 (IN $ BILLION)

    FIGURE 19: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY WATER PIPES, 2022-2030 (IN $ BILLION)

    FIGURE 20: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY OTHER PRODUCTS, 2022-2030 (IN $ BILLION)

    FIGURE 21: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY STRUCTURAL SYSTEM, IN 2021

    FIGURE 22: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY BEAM AND COLUMN SYSTEM, 2022-2030 (IN $ BILLION)

    FIGURE 23: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY BEARING WALL SYSTEM, 2022-2030 (IN $ BILLION)

    FIGURE 24: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY FLOOR AND ROOF SYSTEM, 2022-2030 (IN $ BILLION)

    FIGURE 25: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY FAÇADE SYSTEM, 2022-2030 (IN $ BILLION)

    FIGURE 26: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY OTHER STRUCTURE SYSTEMS, 2022-2030 (IN $ BILLION)

    FIGURE 27: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY END USE, IN 2021

    FIGURE 28: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY INFRASTRUCTURE, 2022-2030 (IN $ BILLION)

    FIGURE 29: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2021

    FIGURE 30: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY METRO, 2022-2030 (IN $ BILLION)

    FIGURE 31: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY BRIDGES, 2022-2030 (IN $ BILLION)

    FIGURE 32: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY OTHER INFRASTRUCTURES, 2022-2030 (IN $ BILLION)

    FIGURE 33: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY COMMERCIAL, 2022-2030 (IN $ BILLION)

    FIGURE 34: ASIA-PACIFIC PRECAST CONCRETE MARKET, GROWTH POTENTIAL, BY COMMERCIAL, IN 2021

    FIGURE 35: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY COMPLEX, 2022-2030 (IN $ BILLION)

    FIGURE 36: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY MALLS, 2022-2030 (IN $ BILLION)

    FIGURE 37: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY OTHER COMMERCIALS, 2022-2030 (IN $ BILLION)

    FIGURE 38: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY RESIDENTIAL, 2022-2030 (IN $ BILLION)

    FIGURE 39: ASIA-PACIFIC PRECAST CONCRETE MARKET, BY INDUSTRIAL, 2022-2030 (IN $ BILLION)

    FIGURE 40: ASIA-PACIFIC PRECAST CONCRETE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN%)

    FIGURE 41: CHINA PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 42: JAPAN PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 43: INDIA PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 44: SOUTH KOREA PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 45: INDONESIA PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 46: SINGAPORE PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 47: TAIWAN PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 48: AUSTRALIA & NEW ZEALAND PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 49: REST OF ASIA-PACIFIC PRECAST CONCRETE MARKET, 2022-2030 (IN $ BILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • SINGAPORE
          • TAIWAN
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY PRODUCT
      • STRUCTURAL BUILDING COMPONENTS
      • ARCHITECTURAL BUILDING COMPONENTS
      • TRANSPORTATION PRODUCTS
        • RAIL
        • ROAD
        • OTHER TRANSPORTATION PRODUCTS
      • WATER & WASTE HANDLING PRODUCTS
        • WASTEWATER
        • STORMWATER
        • WATER PIPES
      • OTHER PRODUCTS
    2. MARKET BY STRUCTURAL SYSTEM
      • BEAM AND COLUMN SYSTEM
      • BEARING WALL SYSTEM
      • FLOOR AND ROOF SYSTEM
      • FAÇADE SYSTEM
      • OTHER STRUCTURE SYSTEMS
    3. MARKET BY END USE
      • INFRASTRUCTURE
        • METRO
        • BRIDGES
        • OTHER INFRASTRUCTURES
      • COMMERCIAL
        • COMPLEX
        • MALLS
        • OTHER COMMERCIALS
      • RESIDENTIAL
      • INDUSTRIAL

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