Elemental Construction Segment to Be the Largest Precast Concrete Market
The global precast concrete market size is projected to grow from USD 130.6 billion in 2020 to USD 174.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast year. According to American Concrete Institute, "Precast concrete is reinforced concrete constructed by industrialized methods. It is characterized by dividing the building into components, which are manufactured in a precast concrete plant, and transported by special transportation equipment to the site. Precasting reduces construction time because...
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