Precast Construction Market

Precast Construction Market by Structural Component (Beams, Walls, Columns, Facade System, Floor & Roof Systems, Staircases, Girders, Lintels, Paving Slabs, and Others), Construction Type (Modular Homes and Manufactured Homes), Application (Residential, Infrastructural, Industrial, and Commercial), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022– 2030

  • Report ID: CM-4948
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 164
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The global precast construction market size was USD 139.1 Bn in 2021 and is likely to reach USD 217.3 Bn by 2030, expanding at a CAGR of 5.1% during 2022–2030. The market growth is attributed to the increasing wave of urbanization and several infrastructural development projects in emerging economies.

Precast construction is a method of casting concrete that is reusable or easily molded. It is designed and cured off-site in a controlled environment. This involves the manufacturing of precast concrete done away from the actual site and then transport to the construction site for application.

 

Global Precast Construction Market Outlook


Precast concrete products are manufactured by pouring concrete into molds of wood or steel. Wet casts such as tilt-up panels are used in off-site manufacturing. Such production, of precast through off-site casting processes is more efficient than on-site methods as the molds can be used several times before getting replaced.

The precast construction methods offer various benefits such as a reduction in air pollution, debris, and noise. Precast products provide superior sound control and fire resistance for structures. Better control over material quality is ensured as the cast concrete is manufactured in monitored environments away from construction sites.

The speedy manufacturing of concrete cuts time and costs substantially in comparison to on-site manufactured concrete. Close monitoring of the production process results in reducing manufacturing costs. Maintaining higher quality standards of precast products than that of cast-in-situ concrete products by manufacturing in a controlled environment.

Conventional formworks can be replaced by using precast elements. Standardized manufacturing processes of precast products facilitate their use at different construction sites is possible due to.

COVID-19 Impact on Precast Construction Market

The COVID-19 pandemic adversely affected the precast construction market due to sudden stoppages in construction activities globally and abrupt disruption in raw material supply chains. Development projects came to a standstill due to a lack of labor for construction impacted by the strict implementation of governments’ preventive measures such as social distancing and travel restrictions. Such an abrupt halt directly affected the revenue flow in the market. The pandemic caused damage to the value chain with cancellations and postponements of construction projects.

Precast Construction Market Dynamics

The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global precast construction market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

Global Precast Construction Market Dynamics

What are the Drivers of Precast Market?

Increasing Demand for Residential & Commercial Buildings

Increasing demand for residential real estate and commercial projects is one of the key factors driving the market. The rising investment in building developments is largely influenced by the increasing size of the population globally.

Developing low-cost homes efficiently and rapidly is possible through precast construction. Alongside new development, construction activities for refurbishing and redeveloping old buildings and their structures further boost the precast construction market.

Precast products use pre-stressed materials that offer high load-bearing capacity and strength. This results in reducing the cross-sectional size of structural components increasing the clear span. This is helpful in creating open areas without structural support.

Rapid Urbanization and Increased Facilities Development

The increased demand for residential and commercial building projects is due to rapid urbanization. Citizens are increasingly migrating to cities for work opportunities and educational pursuits, which further fuels the market.

A boom in the development of malls, hospitals, hotels, sports facilities, and industrialization has bolstered market growth. Moreover, a surge in disposable incomes of the population across major economies coupled with investments in real estate is another key driver of the construction market.

Growing Government Spends on Infrastructural Development

The rising spending on infrastructure development from governments across the globe, especially in developing countries presents another major factor propelling the market. The development of public housing schemes, flyovers, bridges, skywalks, footpaths, and necessary utilities namely dams, airports, and metro terminals are key aspects of infrastructure development in a country.

What are the Restraints of Precast Construction Market?

Fluctuating Raw Material and Transportation Costs

The price volatility of raw materials and rising transport costs are some of the major restraining factors hampering the global market. Several components used in precast construction such as concrete, sand, and aggregators have fluctuating prices globally. The high volatility in the prices of fuel plays a crucial role in the high cost of transport. Rising warehouse and handling charges for raw materials add to manufacturers’ expenses.

Safety Concerns for Workers

Rising concerns for workers’ safety is another major challenge expected to hinder the market during the forecast period. During the production of precast construction components, several harmful toxic gases are produced in the form of carbon monoxide, nitrogen oxide, and sulfur dioxide to name some, which pose a high health risk to workers.

Which are the Opportunities in Precast Construction Market?

Government Policies on Green Initiatives

Various initiatives for sustainable environmental measures are taken by governments across the globe. With the introduction of strict government regulations, the producers of construction materials and components are required to comply with the new green initiatives. The use of green building materials is anticipated to create lucrative opportunities for market players.

Precast construction products are formed from raw materials with natural and recycled resources. It involves fewer chemical treatments and minimal processing resulting in significantly fewer carbon emissions or low embodied energy values. Green regulations of governments are adhered to by the usage of precast products. Thereby massive investment opportunities are available for manufacturing precast construction components.

Precast materials are beneficial in reducing the pollution of resources. They are responsible for a significant reduction in the contamination of air and water resources. Reduction in noise pollution and scattered debris are other major advantages. The use of precast materials maximizes thermal mass benefits that help decrease the overheating within rooms, which acts as a key growth opportunity for the market.

Scope of Precast Construction Market Report

The global precast construction market research report includes an assessment of the market trends, market segments, and regional analysis of markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Precast Construction Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Structural Component (Beams, Walls, Columns, Facade System, Floor & Roof Systems, Staircases, Girders, Lintels, Paving Slabs, and Others), Construction Type (Modular Homes and Manufactured Homes), and Application (Residential, Infrastructural, Industrial, and Commercial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Olson Precast Company; L.B. Foster Company; Larsen & Toubro Limited; Boral; Komatsu Ltd.; TAISEI CORPORATION; LAING O’ROURKE; Tindall Corporation; CEMEX S.A.B. de C.V.; STECS; Coltman Precast Concrete Limited; Rinker Materials; SPANCRETE INDUSTRIES LTD.; Elematic Oyj; CRH; Kiewit Corporation; Balfour Beatty; and Gülermak A.Ş.

Precast Construction Market Segment Insights

What Factors Contribute to the Expansion of the Floor & Roof Systems Segment?

Increasing Use in Floor and Roof Systems for Insulation Purposes

Based on structural components, the precast construction market is segmented into beams, walls, columns, facade systems, floor & roof systems, staircases, girders, lintels, paving slabs, and others. The floor & roof system segment is expected to expand at a significant growth rate during the projected period due to the massive use of precast materials in flooring and roofing as they offer excellent insulation and heat resistance characteristics.

The use of precast products in floor and roof systems ensures even load distribution and is ideal for developing gymnasiums, mills, garages, and commercial establishments such as hotels, manufacturing units, and education institutes. Thermal mass properties in precast components reduce overheating within a room and subsequently reduce the carbon emissions of a building.

The walls segment is anticipated to hold a key share of the market in the coming years owing to the easy processes and less time required for building walls using pre-manufactured concrete slabs. Space utilization of the interior part of the building can be maximized using precast concrete, enhancing the design flexibilities of the room structure.

Wall panels made using precast concrete provide a single cladding assembly. They hang from a structure’s exterior in the form of cladding. They allow for quick and straightforward exterior finish wall application for a building. Durable precast concrete panels provide good structural framing, and heat, air, and moisture control. Precast concrete components aid in building noise-cancellation walls as it is designed to minimize ambient noise by making use of the excellent properties of sound transmission resistance.

Global Precast Construction Market Structural Component

What are the Main Aspects that are Boosting the Modular Construction Segment?

Increasing Demand for Modular Homes with Design Flexibilities

Based on construction type, the global precast construction market is divided into modular homes and manufactured homes. The modular construction segment is expected to expand at a significant growth rate during the projected period due to the ease of developing structures with design flexibilities. Modular homes are majorly built with permanent foundations by putting together different modules manufactured off-site.

The manufactured homes segment is anticipated to hold a key share of the market in the coming years as the components are manufactured piece by piece in factories. The developed structures are carried from the factory source to the home site and fixed on permanent or temporary foundations.

Which Factors Influence the Growth of the Residential Segment?

Affordable Homes Driving the Residential Segment Growth

On the basis of application, the market is segmented into residential, infrastructural, industrial, and commercial. The residential segment is projected to register a considerable CAGR during the forecast period due to the development of affordable housing schemes for high and middle-income groups. A steady increase in the incomes of higher and middle-income groups around the world has increased investments in real estate strengthening the economic backgrounds of investors.

The esthetic value of precast products is enhanced with prefabrication in a factory-controlled environment. This eliminates the need for rectification work during assembly thereby rendering high-quality finishing. Enhanced aesthetics thereby augment the demand for precast components in construction.

The infrastructural segment is anticipated to account for a major market share in the coming years. The rise can be owed to government-driven infrastructure development is rapidly increasing in emerging economies. Infrastructure development projects for public usage, require fast-paced developments and adherence to project completion deadlines. Precast products cured offsite save on-site storage space. The onsite time required for manufacturing concrete products using construction machinery is reduced considerably by precast components.

Off-site manufactured precast products are delivered as per the construction requirement on-site. Their transportation to the site requires very less machinery and labor strength. Precast products aid in reducing project costs for the building of mega projects such as flyovers, bridges, dams, metro stations, and airports.

Global Precast Construction Market Application

Why is Asia Pacific Dominating Precast Construction Market?

Rapid Industrialization and Rising Infrastructure Projects

In terms of region, the global precast construction market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to hold the largest market share in the precast construction market during the forecast period, due to rapid industrialization augmenting the demand for precast products. Increasing demand for modern precast construction solutions that are eco-friendly and cost-saving has brought about this extensive growth in the region.

The market in Europe is anticipated to record the second-largest market growth during the forecast period due to an increase in private investments in real estate in developed and emerging economies of the region. Government-aided incentivization for construction projects and growth in the GDP of European nations are major factors that have driven the positive upswing.

Global Precast Construction Market Regions

Segments

The global precast construction market has been segmented based on:

Structural Component

  • Beams
  • Walls
  • Columns
  • Facade System
  • Floor and Roof Systems
  • Staircases
  • Girders
  • Lintels
  • Paving Slabs
  • Others

Construction Type

  • Modular Homes
  • Manufactured Homes

Application

  • Residential
  • Infrastructural
  • Industrial
  • Commercial

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Olson Precast Company
  • L.B. Foster Company
  • Larsen & Toubro Limited
  • Boral
  • Komatsu Ltd.
  • TAISEI CORPORATION
  • LAING O’ROURKE
  • Tindall Corporation
  • CEMEX S.A.B. de C.V.
  • STECS
  • Coltman Precast Concrete Limited
  • Rinker Materials
  • SPANCRETE INDUSTRIES LTD.
  • Elematic Oyj
  • CRH  
  • Kiewit Corporation
  • Balfour Beatty
  • Gülermak A.Ş.

Competitive Landscape

The competitive landscape of the global precast construction market report provides key insights into the growth strategies and development initiatives implemented by the key players in the market.

Key players competing in the precast construction market are Olson Precast Company; L.B. Foster Company; Larsen & Toubro Limited; Boral; Komatsu Ltd.; TAISEI CORPORATION; LAING O’ROURKE; Tindall Corporation; CEMEX S.A.B. de C.V.; STECS; Coltman Precast Concrete Limited; Rinker Materials; SPANCRETE INDUSTRIES LTD.; Elematic Oyj; CRH; Kiewit Corporation; Balfour Beatty; and Gülermak A.Ş.

  • In September 2022, a US-based precast and prestressed concrete solutions manufacturer, Tindall Corporation, opened a dedicated production line for manufacturing precast concrete floor slab system T-SLAB which are superior lightweight all-purpose beams offering robust performance and constructability for precast concrete solutions.
  • In August 2022, a US-based infrastructure company, L.B. Foster Company, through its wholly-owned subsidiary CXT Incorporated, acquired the assets of a Tennessee-based precast concrete products manufacturer VanHooseCo Precast LLC.
  • On January 12, 2022, a US-based precast concrete solutions provider, Tindall Corporation announced its split into two distinct business groups, namely, Tindall Infrastructure Group and Tindall Building Systems Group.
Global Precast Construction Market Share
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precast Construction Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Precast Construction Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Precast Construction Market - Supply Chain
  4.5. Global Precast Construction Market Forecast
     4.5.1. Precast Construction Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Precast Construction Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Precast Construction Market Absolute $ Opportunity
5. Global Precast Construction Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Precast Construction Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Infrastructural
     5.3.3. Industrial
     5.3.4. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Precast Construction Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Precast Construction Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Precast Construction Demand Share Forecast, 2019-2026
7. North America Precast Construction Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Precast Construction Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Precast Construction Market Size and Volume Forecast by Applications
     7.4.1. Residential
     7.4.2. Infrastructural
     7.4.3. Industrial
     7.4.4. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Precast Construction Demand Share Forecast, 2019-2026
8. Latin America Precast Construction Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Precast Construction Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Precast Construction Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Infrastructural
     8.4.3. Industrial
     8.4.4. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Precast Construction Demand Share Forecast, 2019-2026
9. Europe Precast Construction Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Precast Construction Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Precast Construction Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Infrastructural
     9.4.3. Industrial
     9.4.4. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Precast Construction Demand Share Forecast, 2019-2026
10. Asia Pacific Precast Construction Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Precast Construction Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Precast Construction Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Infrastructural
     10.4.3. Industrial
     10.4.4. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Precast Construction Demand Share Forecast, 2019-2026
11. Middle East & Africa Precast Construction Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Precast Construction Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Precast Construction Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Infrastructural
     11.4.3. Industrial
     11.4.4. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Precast Construction Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Precast Construction Market: Market Share Analysis
  12.2. Precast Construction Distributors and Customers
  12.3. Precast Construction Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Olson Precast Company
     12.4.2. L.B. Foster Company
     12.4.3. Larsen & Toubro Limited
     12.4.4. Boral
     12.4.5. Komatsu Ltd.
     12.4.6. TAISEI CORPORATION
     12.4.7. LAING O’ROURKE
     12.4.8. Tindall Corporation
     12.4.9. CEMEX S.A.B. de C.V.
     12.4.10. STECS
     12.4.11. Coltman Precast Concrete Limited
     12.4.12. Rinker Materials
     12.4.13. SPANCRETE INDUSTRIES LTD.
     12.4.14. Elematic Oyj
     12.4.15. CRH  
     12.4.16. Kiewit Corporation
     12.4.17. Balfour Beatty
     12.4.18. Gülermak A.Ş.

The global precast construction market has been segmented based on:

Structural Component

  • Beams
  • Walls
  • Columns
  • Facade System
  • Floor and Roof Systems
  • Staircases
  • Girders
  • Lintels
  • Paving Slabs
  • Others

Construction Type

  • Modular Homes
  • Manufactured Homes

Application

  • Residential
  • Infrastructural
  • Industrial
  • Commercial

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Olson Precast Company
  • L.B. Foster Company
  • Larsen & Toubro Limited
  • Boral
  • Komatsu Ltd.
  • TAISEI CORPORATION
  • LAING O’ROURKE
  • Tindall Corporation
  • CEMEX S.A.B. de C.V.
  • STECS
  • Coltman Precast Concrete Limited
  • Rinker Materials
  • SPANCRETE INDUSTRIES LTD.
  • Elematic Oyj
  • CRH  
  • Kiewit Corporation
  • Balfour Beatty
  • Gülermak A.Ş.

The competitive landscape of the global precast construction market report provides key insights into the growth strategies and development initiatives implemented by the key players in the market.

Key players competing in the precast construction market are Olson Precast Company; L.B. Foster Company; Larsen & Toubro Limited; Boral; Komatsu Ltd.; TAISEI CORPORATION; LAING O’ROURKE; Tindall Corporation; CEMEX S.A.B. de C.V.; STECS; Coltman Precast Concrete Limited; Rinker Materials; SPANCRETE INDUSTRIES LTD.; Elematic Oyj; CRH; Kiewit Corporation; Balfour Beatty; and Gülermak A.Ş.

  • In September 2022, a US-based precast and prestressed concrete solutions manufacturer, Tindall Corporation, opened a dedicated production line for manufacturing precast concrete floor slab system T-SLAB which are superior lightweight all-purpose beams offering robust performance and constructability for precast concrete solutions.
  • In August 2022, a US-based infrastructure company, L.B. Foster Company, through its wholly-owned subsidiary CXT Incorporated, acquired the assets of a Tennessee-based precast concrete products manufacturer VanHooseCo Precast LLC.
  • On January 12, 2022, a US-based precast concrete solutions provider, Tindall Corporation announced its split into two distinct business groups, namely, Tindall Infrastructure Group and Tindall Building Systems Group.
Global Precast Construction Market Share

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FAQ Section

Some frequently asked quetions about this report!

The global precast construction market size was USD 139.1 Bn in 2021 and is likely to reach USD 217.3 Bn by 2030, expanding at a compound annual growth rate of 5.1% during 2022–2030.

The key drivers of the precast construction market are attributed to the increasing wave of urbanization and several infrastructural development projects in emerging economies.

The floor & roof system segment held the major share of the market revenue in 2021 and is anticipated to consistently generate high revenues during the projection period.

Through regional analysis, Asia Pacific dominates the market owing to the rapid growth in infrastructural projects and residential projects in the region.

Olson Precast Company; L.B. Foster Company; Larsen & Toubro Limited; Boral; Komatsu Ltd.; TAISEI CORPORATION; LAING O’ROURKE; Tindall Corporation; CEMEX S.A.B. de C.V.; STECS; Coltman Precast Concrete Limited; Rinker Materials; SPANCRETE INDUSTRIES LTD.; Elematic Oyj; CRH; Kiewit Corporation; Balfour Beatty; and Gülermak A.Ş. are the key players in the market.