At a CAGR of 6.9% Chile Precast Construction Market Recent Trends and Outlook By 2027
Chile Precast Construction Market Expected to Reach $492.1 million by 2027
PORTLAND, OR, UNITES STATES, October 26, 2023 /EINPresswire.com/ — The Chile precast construction market size is expected to reach $492.1 million in 2027 from $323.0 million in 2019, growing at a CAGR of 6.9% from 2020 to 2027. In 2019, non-residential construction dominated the market, in terms of revenue, accounting for 69.6% share of the Chile precast construction market.
Precast construction includes casting of building members such as columns & beams, facades, girders, and others in controlled environments. These parts are further transported to the actual site and joined together either using bolted connections or grouting with concrete. Precast construction is often termed as prefabricated construction or off-site construction.
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It is bifurcated into two types namely, manufactured homes and modular construction. Modular construction includes assembly of various components of a building and transporting them separately to the project site for assembly. On the contrary, manufactured homes include construction of an entire building structure and transporting it on their own frame or chassis.
According to end-user industry, the non-residential construction is the highest contributor in the Chile precast construction market. Use of precast construction in large scale infrastructure such as bridges, culverts, and others as well as public structures such as bus & railway stations, airports, and others can assist in reducing construction time. This enables the government to construct better public infrastructure in a shorter time span.
Chile Precast Construction Market Segments
By Product Type
• Columns & Beams
• Floors & roofs
• Walls
• Staircases
• Girders
• Paving slabs
• Others
By Construction Type
• Modular construction
• Manufactured homes
By End-user Industry
• Residential
• Non-residential
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Top Players:
The major players operating in the Chile precast construction industry include Ecomundo, Hormipret, Pacadar SAU, Prefabrik Yapı A.Ş, Prefast SpA, Ramaq Chile, Tecno Fast, Tensacon, Tensocret, and Vollert Anlagenbau GmbH.
Key Findings Of The Study
• By product type, the columns & beams segment dominated the Chile precast construction market share in 2019.
• By end-user industry, the non-residential segment dominated the Chile precast construction market during 2019.
• Depending on construction industry, the modular construction segment garnered major share of the Chile precast construction market in 2019.
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David Correa
Allied Analytics LLP
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