PUBLISHER: Grand View Research | PRODUCT CODE: 1493365
PUBLISHER: Grand View Research | PRODUCT CODE: 1493365
The India precast concrete market size is anticipated to reach USD 11.33 billion by 2030 and is projected to grow at a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to a booming construction industry, with rising residential and commercial projects driving market expansion. Urbanization and globalization trends in India also fuel demand for precast concrete as cities are expanding and infrastructure projects are progressing, highlighting the need for efficient construction materials.
The rising emphasis on sustainability and environmental considerations boosts the demand for precast concrete products. Precast concrete, known for its eco-friendly characteristics, can be made using recycled materials and has a reduced carbon footprint compared to traditional construction materials. This aligns well with the increasing adoption of green building practices and sustainable construction methods.
Advances in manufacturing technologies have significantly improved the quality and efficiency of precast concrete production. For instance, Vollert provides advanced technologies for precast concrete, including innovative formwork systems like 3D Pod Moulds and automated production processes. Their solutions cover a range of precast elements, such as circulation plants and Railway concrete sleepers, enhancing efficiency and precision in manufacturing through automation and robotics.