The precast concrete market in MEA is expected to reach US$ 12,766.26 million by 2028 from US$ 8,496.16 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
The UAE, South Africa, and Saudi Arabia are major economies in MEA. The precast concrete industry is constantly innovating, driven by changes in global markets, rise in consumer demands, and labor cost pressures. Producers are continually seeking ways to increase efficiency, boost quality, and increase their bottom line. Furthermore, increased environmental awareness and emphasis on project life cycles have increased the demand for sustainable construction practices—especially those designed to reduce waste, greenhouse gas emissions, and energy consumption—which will further propel the precast concrete market. Moreover, modern precast concrete production technologies enable material optimization.Saudi Arabia has the highest number of COVID-19 cases in the Middle East & Africa, followed by Turkey and the UAE. The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. Due to the lockdowns in the Middle East & African countries, numerous chemicals & materials companies remain closed, and construction activities have also been halted, thus, negatively impacting the region's precast concrete industry.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA precast concrete market. The MEA precast concrete market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MEA Precast Concrete Market Segmentation
MEA Precast Concrete Market – By Structure System
- Floor and Roof System
- Bearing Wall System
- Facade System
- Others
MEA Precast Concrete Market- By End Use
- Residential
- Commercial
- Others
MEA Precast Concrete Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Precast Concrete Market -Companies Mentioned
- Abetong AB
- CEMEX S.A.B. de C.V.
- Consolis
- ELO Beton
- GULF PRECAST
- LafargeHolcim
Middle East and Africa Precast Concrete Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 8,496.16 Million |
| Market Size by 2028 | US$ 12,766.26 Million |
| Global CAGR (2021 - 2028) | 6.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Structure System
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Structure System and End Use v5/8520
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
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- Abetong AB
- CEMEX S.A.B. de C.V.
- Consolis
- ELO Beton
- GULF PRECAST
- LafargeHolcim
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