Construction Industry Today
Precast Concrete Market to Reach USD 178.52 Billion by 2030, Driven by Infrastructure Projects | Key Players - Holcim, CEMEX S.A.B. de C.V, CRH
The global precast concrete market size is expected to grow consistently, reaching USD 178.52 billion by 2030, compared to USD 143.12 billion in 2025, registering a CAGR of 4.52%.
Precast concrete, manufactured in controlled environments and transported to construction sites for assembly, has become a preferred choice for developers and governments. Its ability to reduce construction timelines, improve quality consistency, and meet sustainability targets makes it a critical material in modern building practices. With Asia-Pacific leading consumption and the Middle East & Africa emerging as the fastest-growing region, the market is set to expand across diverse geographies.
Emerging Trends in Precast Concrete Market
Government-led infrastructure programs: Large-scale projects such as the U.S. Infrastructure Investment and Jobs Act, China’s prefabrication mandates, and the European Green Deal are fueling demand for precast components. These initiatives ensure predictable volumes and standardized procurement, strengthening the market base
Affordable housing initiatives: Emerging economies like India and Indonesia are prioritizing mass housing schemes. Precast concrete enables faster delivery cycles and cost savings, aligning with government subsidy frameworks and housing-for-all mandates
Shift to off-site manufacturing: Labor shortages in developed economies have accelerated the move toward factory-based production. Robotics and digital monitoring systems enhance efficiency, reduce manual input, and ensure precision quality
Carbon reduction and sustainability: Producers are redesigning mixes with slag, fly ash, and captured CO₂ to reduce cement usage. These efforts generate carbon credits and meet green procurement standards, especially in Europe and North America
Insurance incentives: Discounts on premiums for resilient precast structures encourage adoption in disaster-prone regions, further strengthening the economic case for precast solutions
Unlock Localized Market Intelligence, Featuring Japan-Specific Report Editions: https://www.mordorintelligence.com/ja/industry-reports/precast-concrete-market?utm_source=industrytoday
Precast Concrete Segmentation
By Product Type
- Columns and Beams: Accounted for the largest share (37.14% in 2024), widely used in high-rise and industrial frameworks.
- Walls and Barriers: Expected to grow at a 5.15% CAGR, supported by perimeter-security codes and modular housing kits.
- Floors and Roofs: Hollow-core slabs reduce on-site shoring time, aligning with open-plan construction preferences.
- Pipes: Demand linked to water infrastructure projects.
- Paving Slabs: Steady demand from urban renewal and streetscape programs.
- Others: Includes customized architectural elements and niche applications.
By End-use Industry
- Infrastructure: Held 32.26% share in 2024, driven by bridges, tunnels, and desalination plants.
- Residential: Fastest-growing segment (4.81% CAGR), supported by mass housing and modular construction.
- Commercial: Stable demand from parking decks and mixed-use developments.
- Industrial and Institutional: Hospitals, laboratories, and warehouses increasingly rely on precast for efficiency and resilience.
By Geography
- Asia-Pacific: Largest market with 39.55% share in 2024, led by China and India’s prefabrication mandates.
- Middle East & Africa: Fastest-growing region (4.92% CAGR), supported by smart-city projects like Saudi Arabia’s NEOM.
- North America: Mature market with resilience-focused adoption in hurricane-prone areas.
- Europe: Strong emphasis on carbon reduction and compliance with EN standards.
- South America: Emerging demand from social housing and urban infrastructure programs.
Explore Key Players Details: https://www.mordorintelligence.com/industry-reports/precast-concrete-market/companies?utm_source=industrytoday
Precast Concrete Top Key Players
- Holcim: Expanding low-carbon precast solutions and integrating renewable energy in production.
- CEMEX S.A.B. de C.V.: Strengthening its presence in infrastructure markets with advanced precast offerings.
- CRH: Recently acquired Texas-based operations for USD 2.1 billion, boosting capacity in the U.S.
- Forterra Building Products Limited: Focused on infrastructure and residential precast solutions.
- Boral Ltd.: Leveraging regional expertise in Asia-Pacific and Australia.
Recent developments include Molins’ EUR 100 million acquisition of Concremat in Portugal and CRH’s expansion in the U.S., both aimed at strengthening market presence and meeting rising demand
Future of the Precast Concrete Market
The precast concrete market is on a clear growth path, supported by infrastructure investments, housing mandates, and sustainability targets. Asia-Pacific will continue to dominate consumption, while the Middle East & Africa emerges as the fastest-growing region.
With governments, insurers, and developers aligning toward faster, safer, and greener construction methods, precast concrete is positioned as a cornerstone of modern building practices. Companies that invest in automation, carbon reduction, and integrated solutions will capture greater market share and secure long-term growth.
Explore Related Reports from Mordor Intelligence Database:
Autoclaved Aerated Concrete (AAC) Market
About Mordor Intelligence
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries, please contact:
https://www.mordorintelligence.com/contact-us
Share on Social Media
Other Industry News
Ready to start publishing
Sign Up today!
