PUBLISHER: The Business Research Company | PRODUCT CODE: 1928046
PUBLISHER: The Business Research Company | PRODUCT CODE: 1928046
Precast construction involves a technology comprising various precast elements and some customized components that are standardized and designed for a stable market. It encompasses large panels, frames, slab-column systems with shear walls, erection sequences, beams, and other elements.
The main structural configurations in precast construction include the beam & column system, floor & roof system, bearing wall system, and facade system. Beam & column systems encompass both horizontal and vertical components that provide support for double tees, hollow-core, solid slabs, and occasionally other beams and columns holding up beams and spandrels. These precast constructions find applications in modular and manufactured homes, serving both residential and non-residential users.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on imported precast construction elements have affected the market by raising costs and slowing supply chains. Segments such as beam & column systems, floor & roof systems, and facade systems are most impacted, particularly in north america, europe, and asia-pacific regions. While tariffs have increased production expenses, they have also incentivized domestic manufacturing, promoted local sourcing, and encouraged innovation in modular and sustainable precast construction solutions.
The precast construction market research report is one of a series of new reports from The Business Research Company that provides precast construction market statistics, including precast construction industry global market size, regional shares, competitors with a precast construction market share, detailed precast construction market segments, market trends and opportunities, and any further data you may need to thrive in the precast construction industry. This precast construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The precast construction market size has grown steadily in recent years. It will grow from $149.13 billion in 2025 to $156.56 billion in 2026 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to growth in residential and commercial construction, rising demand for standardized precast elements, increasing urban infrastructure development, expansion of modular construction projects, development of engineered precast solutions.
The precast construction market size is expected to see steady growth in the next few years. It will grow to $187.84 billion in 2030 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing adoption in high-rise residential and commercial buildings, rising need for fast-track construction, growth in infrastructure modernization projects, expansion of sustainable building initiatives, development of advanced precast materials and systems. Major trends in the forecast period include increasing adoption of modular precast systems, rising use of hollow core slabs in floor and roof systems, growing implementation of precast sandwich and insulated walls, increasing development of architectural and decorative facades, rising focus on rapid installation and erection techniques.
The rising construction expenditure is expected to drive the growth of the precast construction market. Construction expenditure refers to the total funds invested or spent on construction-related activities within a given time frame. Precast construction contributes significantly to construction expenditure by providing various benefits such as shorter construction timelines, improved labor efficiency, enhanced quality control, and other factors that lead to cost savings, greater efficiency, and sustainability. For example, in March 2025, according to the United States Census Bureau, a US-based federal statistical agency, construction spending during the first three months of 2025 reached $485.7 billion, representing a 2.9 percent increase compared to $472.2 billion for the same period in 2024. Thus, the increasing construction expenditure is fueling the growth of the precast construction market.
Sustainable construction techniques are emerging as a significant trend in the precast construction market. The construction industry is a major consumer of natural resources, and as concerns about climate change and the depletion of these resources grow, construction companies face increasing pressure to minimize their environmental impact. Achieving greater efficiency and ensuring sustainable development in construction relies on the widespread adoption of advanced technologies, adherence to government regulations, effective cost control, and the use of modern sustainable construction methods. For instance, in August 2024, edie, a UK-based media production company, reported that sustainability targets are now incorporated into 70% of construction projects. The proportion of industry professionals successfully meeting these targets has increased to 43%, up from one-third in 2022. Additionally, there has been a 16% rise in organizations measuring their carbon footprint, with 70% now actively tracking their emissions.
In July 2024, Wells, a US-based provider of full-service prefabricated building solutions, acquired GATE Precast for an undisclosed amount. This acquisition is intended to broaden Wells' geographic reach and enhance its portfolio of prefabricated building products. By leveraging GATE Precast's expertise in precast concrete, Wells aims to strengthen its ability to deliver comprehensive building solutions across diverse sectors. GATE Precast is recognized as a US-based manufacturer of precast concrete systems.
Major companies operating in the precast construction market report are Larsen & Toubro Limited, Bouygues Construction, Skanska AB, Laing O'Rourke, Balfour Beatty plc, Taisei Corporation, Shapoorji Pallonji & Company, Afcons Infrastructure Limited, Hindustan Construction Company Limited, NCC Limited, JMC Projects (India) Limited, Jaiprakash Associates Limited, Betonmast AS, GUlermak A.S., Gammon India Limited, IRCON International Limited, HCC Construction Equipment Division, Oldcastle Infrastructure, Jensen Precast, Tindall Corporation, Milbank Concrete Products, Spancrete Group Inc., Olson Precast Company, Gulf Precast Concrete Co. LLC
Asia-Pacific was the largest region in the precast construction market in 2025 and is also expected to be the fastest-growing region in the precast construction market share during the forecast period. The regions covered in the precast construction market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the precast construction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The precast construction market includes revenues earned by entities by building and designing substantial buildings that can manage loads better by avoiding the need for additional columns and beams. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Precast Construction Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses precast construction market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for precast construction ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The precast construction market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.