DUBLIN, June 20, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Precast Construction Market 2017-2021" report to their offering.
The report forecasts that the global precast construction market to grow at a CAGR of 6.04% during the period 2017-2021.
Global Precast Construction Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market.
One trend in the market is growing trend of smart cities. In many parts of the world, cities are in fast progress, and the number of people who prefers to live in cities is also rapidly increasing. The governments across the world are showing a considerable effort to improve the life of urban people by announcing the initiatives such as smart cities.
According to the report, one driver in the market is rise in demand for affordable housing. Rapid growth of population around the world demands new infrastructure in many large cities of South America, Africa, and India and in many emerging nations. These nations have a housing shortage of 10 million apartments. People in these regions need safe, affordable, and comfortable places to live in. Precast construction is proved to be the most cost-efficient, fast, and sustainable building technology for the large housing projects.
Further, the report states that one challenge in the market is fluctuating raw material costs. The fluctuating prices of raw materials such as stainless steel and iron ore hinder the growth of the market. The increment in material cost will lead to a rise in the production costs. This impacts the productivity of vendors as well as the profit margins. High price leads to a reduction in sales, thus affecting the profit margins.
- ACS Group
- Larsen & Toubro (L&T)
Other prominent vendors:
- Balfour Beatty
- Bouygues Construction
- Daiwa House Group
- Granite Construction
- Red Sea Housing
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/bjlcjk/global_precast
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets