| Product Code: ETC372864 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s precast concrete import shipments in 2024 saw a significant increase in concentration, with top exporters being China, Czechia, Greece, Italy, and Germany. The market experienced a drastic growth rate of 365.97% from 2023 to 2024, indicating a surge in demand. Despite a negative CAGR of -16.55% over the period from 2020 to 2024, the heightened concentration of imports suggests a more competitive landscape among key exporting countries. This trend highlights the evolving dynamics of the precast concrete market in India and the growing importance of international trade relationships in meeting domestic demand.

The precast concrete industry is projected to grow with a CAGR of nearly 8% due its increasing demand from infrastructure projects such as roads & bridges construction and industrial facilities such as warehouses etcetera across the country. Its current estimated size lies between INR 90 Billion - 95 Billion where organized sector holds about 65%-70%, while rest 31%-36% being held by unorganized sector.
The India precast concrete market has experienced growth due to the rapid pace of infrastructure development and construction projects. Precast concrete offers advantages such as time and cost efficiency, sustainability, and improved construction quality, driving its adoption in various building projects across the country.
In the precast concrete market, India has seen growing adoption due to its time and cost efficiencies in construction. Nevertheless, there are challenges pertaining to the quality of precast components and the need for stricter adherence to building codes and standards to ensure long-term durability and safety.
The precast concrete and prefabricated building markets in India experienced varying impacts during the pandemic. While construction activities faced disruptions due to labor shortages and supply chain challenges, there was also an increasing demand for healthcare infrastructure and temporary structures, leading to some opportunities for these markets.
For the India precast concrete market, notable key players are Ultratech Cement Ltd, Larsen & Toubro Limited, Godrej Construction, and ACC Limited.