The growth of the sewage, drainage, drinking water, and irrigation industries has increased the demand for RCC pipes. Rising investments in infrastructure development across key areas are expected to fuel the growth of the construction sector, which in turn is expected to propel the market. The precast concrete market size was $63488 million in 2021 and it is expected to increase from $66510 million in 2022 to $92099 million in 2030 at a compound annual growth rate (CAGR) of 4.76 percent (2022- 2030). The demand for affordable, secure, and environmentally friendly products as well as an increase in global renovation and remodeling activities are the main factors boosting the market growth. Due to the presence of multiple established competitors, the precast concrete market share is quite competitive.