Top 30 Companies in Global Precast Concrete Market (2025–2035): Spherical Insights Analysis Blog
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Precast Concrete Market Size is projected to Grow from USD 136.31 Billion in 2024 to USD 253.51 Billion by 2035, at a CAGR of 5.8% during the forecast period 2025–2035. The South Korea Precast Concrete Market is increasing in demand due to the need for economical, sustainable, and durable construction, fueled by urbanization, infrastructure growth, and quick build timetables, which provide efficiency, quality assurance, and lower labor requirements.
Introduction
The precast concrete market refers to the business involved in the manufacturing and supply of concrete pieces that are cast and cured within a controlled factory environment prior to transportation to the construction site. The components involve walls, beams, slabs, columns, and staircases, commonly applied in residential, commercial, and infrastructure work, to be constructed quickly and more efficiently. Precast concrete has many benefits, such as increased quality control, lower construction time, cost-effectiveness, and lower environmental footprint, and thus, it is a rapidly growing popular preference globally. The industry is mainly fueled by high-speed urbanization, rising infrastructure spending, and the need for green building trends. Its advantages are in toughness, energy efficiency, and flexibility for modular building. Its prospects are emerging from the growing economies due to increasing population and government focus on smart cities and affordable housing. Apart from this, new technologies like 3D printing and advanced reinforcement techniques are also improving the performance of the product. Government support towards green building, urban planning, and public and private partnership is also leading to the growth of the market, transforming precast concrete into a key element in modern building patterns.
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Precast Concrete Market Size & Statistics
- The Market Size for Precast Concrete Was Estimated to be worth USD 136.31 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 5.8% between 2025 and 2035.
- The Global Precast Concrete Market Size is anticipated to reach USD 253.51 Billion by 2035.
- Asia Pacific is expected to generate the largest demand during the forecast period in the Precast Concrete Market
- Europe is expected to grow the fastest during the forecast period in the Precast Concrete Market.
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the precast concrete market. Europe is expected to develop the most rapidly in the precast concrete market as a result of higher applications in non-residential and infrastructure development. Less construction time and lower labor charges enhance demand. Germany is at the top, stimulated by government subsidies, digitalization, economic stability, and increased private investment, as well as the cover of circular economy principles.
Asia Pacific is expected to generate the largest demand during the forecast period in the precast concrete market. Asia Pacific newly industrialized countries are witnessing increasing demand for precast concrete due to fast economic growth, infrastructure-oriented legislation, and widening engineering and architecture industries. Expanding population, along with growing residential and commercial construction, fuels market development by supporting affordable, quick, and maintenance-free construction solutions throughout the region.
Top 10 trends in the Precast Concrete Market
- Modular & prefabricated construction
- Sustainable & green construction
- Urbanization & infrastructure expansion
- Digital twin & BIM integration
- Customization & aesthetic flexibility
- Seismic & climate resilience
- Public-private partnerships
- Circular economy & reuse initiatives
- Smart cities & affordable housing projects
- Advanced manufacturing technologies
1. Modular & prefabricated construction
Modular and prefabricated construction trends are pushing for greater application of precast concrete because of its effectiveness and adaptability to design. Pre-touted concrete elements, such as walls, beams, and slabs, are particularly suitable for such remote building techniques, allowing for quicker, affordable, and environmentally friendly construction projects. This is particularly with growing urbanization and expanding infrastructure development.
2. Sustainable & green construction
Green and sustainable building trends are promoting the utilization of precast concrete as it is energy efficient, generates less waste, and is recyclable. Made under controlled conditions, precast components promote green measures, minimize on-site pollution, and play a role in green certifications, hence becoming an integral material used in sustainable building projects.
3. Urbanization & infrastructure expansion
Rapid urbanization and infrastructure growth are prompting demand for precast concrete, providing effective solutions for expanding cities. Its durability, speed of construction, and affordability make it particularly suitable for highways, bridges, housing, and commercial developments, facilitating large-scale development and addressing growing construction demands globally.
4. Digital twin & BIM integration
BIM and digital twin integration improve precast concrete construction through accurate design, real-time tracking, and effective collaboration. This eliminates errors, streamlines fabrication, and shortens construction schedules, ensuring quality control and efficiency throughout the construction process.
5. Customization & aesthetic flexibility
Precast concrete customization and aesthetic flexibility provide room for varied forms, textures, and finishes, satisfying architects' design requirements. Sophisticated formwork and surface finishing allow for special designs, adding building attractiveness without sacrificing precast structural advantages, extending its application in both aesthetic and functional construction purposes.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the precast concrete market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Precast Concrete Market
- Boral Limited
- CRH Plc
- CEMEX S.A.B. de C.V.
- Forterra, Inc.
- Vigier Beton SA
- Bouygues Construction
- Lehigh Hanson, Inc.
- LafargeHolcim Ltd.
- BASF SE
- Larsen & Toubro Ltd.
- Tindall Corporation
- Balfour Beatty Plc
- Olson Precast Company
- Spancrete Manufacturing, LLC
- Gulf Precast Concrete Co. LLC
1. Boral Limited
Headquarters: North Ryde, New South Wales, Australia
Boral Limited is a premier provider of construction and building materials, including precast concrete products. Boral provides precast solutions in various forms, such as tunnel segments, wall panels, and structural components, specifically designed for infrastructure projects such as the Sydney Metro West. Boral's precast concretes, such as the low carbon ENVIROCRETE and durable ENVISIA, are engineered to achieve high performance and high sustainability. These offerings are helping to achieve lower embodied carbon and longer durability in construction uses.
2. CRH Plc
Headquarters: Dublin, Ireland
CRH plc is a global leader in building materials companies. CRH has grown its presence in the precast concrete market through targeted acquisitions. In August 2022, CRH bought US Concrete Inc. precast business in California, adding five facilities and strengthening its position in the U.S. precast market. This purchase also included items such as bridge girders and wet utilities such as manholes and box culverts. CRH also purchased Bowco Industries, a Portland, Oregon-based manufacturer of injection-molded plastic accessories for the precast concrete industry. These acquisitions have further solidified CRH's presence in the precast concrete market, especially in the Pacific Northwest and California markets.
3. CEMEX S.A.B. de C.V.
Headquarters: Nuevo Leon, Mexico
CEMEX S.A.B. de C.V. is a leading global building materials company. With operations in more than 50 countries, CEMEX produces and distributes cement, ready-mix concrete, aggregates, and other related products, including precast concrete products. Their precast product line includes structural components such as beams, wall panels, and pipes for infrastructure, residential, and commercial projects. CEMEX's sustainability commitment manifests in products such as the low-carbon Vertua series, comprising Vertua Classic, Vertua Plus, and Vertua Ultra, that aim to minimize carbon emissions in building construction.
4. Forterra, Inc.
Headquarters: Irving, Texas, USA
Forterra, Inc., is a leading precast concrete products manufacturer, catering to infrastructure, residential, and non-residential markets. Their products are structural components such as hollow-core planks, bridge girders, beams, columns, wall panels, stairs, and garage floors. These products are used in markets such as parking garages and modular bridges. Forterra uses dry and wet cast processes for manufacturing to deliver high-quality and lasting components. Forterra diversified its product portfolio with the acquisition of Barbour Concrete Company in 2021 and broadened its Kansas City market presence.
5. Vigier Beton SA
Headquarters: Safnern, Switzerland
Vigier Beton SA is a leading precast concrete manufacturer. As a subsidiary of Vigier Holding AG, the company is dedicated to manufacturing a broad array of precast components, such as pipes, inspection chambers, walls, garages, stairs, and permanent floor forms. The products are applied to construction, civil engineering, roadbuilding, and landscaping. Vigier Beton has more than 20 locations in Switzerland, which guarantees local presence and proximity for its customers. The company is known for its commitment to quality and innovation in the precast concrete industry
Are you ready to discover more about the precast concrete market?
The report provides an in-depth analysis of the leading companies operating in the global precast concrete market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Boral Limited
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- CRH Plc
- CEMEX S.A.B. de C.V.
- Forterra, Inc.
- Vigier Beton SA
- Bouygues Construction
- Lehigh Hanson, Inc.
- LafargeHolcim Ltd.
- BASF SE
- Others.
Conclusion
The precast concrete market is growing rapidly due to urbanization, infrastructure development, and green building trends. Precast concrete provides speedier construction, economy, quality assurance, and ecological gains. Technologies such as BIM integration, customization, and modern manufacturing improve its popularity. Major players like Boral, CRH, CEMEX, Forterra, and Vigier Beton provide varied precast items for residential, commercial, and infrastructure work, fueling market growth with a focus on durability, efficiency, and sustainability.
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