India Precast Concrete Market (2025-2031) Outlook | Size, Revenue, Value, Industry, Companies, Growth, Forecast, Trends, Share & Analysis

Market Forecast By Product (Structural Building Components, Architectural Building Components, Transportation Products, Water & Waste Handling Products, Others), By End-use (Residential, Non-residential, Infrastructure) And Competitive Landscape
Product Code: ETC372864 Publication Date: Aug 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Precast Concrete Market Import Shipment Trend (2020-2024)

The India precast concrete market import shipment depicted a significant slowdown with a CAGR of -16.4% from 2020 to 2024. However, there was a remarkable surge in growth between 2023 and 2024, with a rate of 384.7%. Despite the overall contraction, the market showed signs of potential momentum and recovery towards the end of the period.

Graph Showing India precast concrete market Shipment Trend & Volume from 2020-2024

India Precast Concrete Market Synopsis

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.

Market Drivers of the market

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.

Challenges of the Market

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.

Covid-19 Impact on the Market

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.

Key Players of the Market

For the India precast concrete market, notable key players are Ultratech Cement Ltd, Larsen & Toubro Limited, Godrej Construction, and ACC Limited.

Key Highlights of the Report:

  • India Precast Concrete Market Outlook
  • Market Size of India Precast Concrete Market, 2024
  • Forecast of India Precast Concrete Market, 2031
  • Historical Data and Forecast of India Precast Concrete Revenues & Volume for the Period 2021-2031
  • India Precast Concrete Market Trend Evolution
  • India Precast Concrete Market Drivers and Challenges
  • India Precast Concrete Price Trends
  • India Precast Concrete Porter's Five Forces
  • India Precast Concrete Industry Life Cycle
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Product for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Structural Building Components for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Architectural Building Components for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Transportation Products for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Water & Waste Handling Products for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By End-use for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Residential for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Non-residential for the Period 2021-2031
  • Historical Data and Forecast of India Precast Concrete Market Revenues & Volume By Infrastructure for the Period 2021-2031
  • India Precast Concrete Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By End-use
  • India Precast Concrete Top Companies Market Share
  • India Precast Concrete Competitive Benchmarking By Technical and Operational Parameters
  • India Precast Concrete Company Profiles
  • India Precast Concrete Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Precast Concrete Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Precast Concrete Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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