The global precast concrete demand is anticipated to register a CAGR of 5.7%. The market revenue is likely to be valued at US$ 134 billion in 2023 and forecasted to exhibit a revenue growth of US$ 234 billion by 2033.
The outlook for the construction market in 2024 is decidedly mixed as contractors
predict transitions in demand for projects, the challenges they will face and the types of
technology they will embrace. Amid these changes, however, contractors are still
struggling to cope with significant labor shortages, the impacts of higher interest rates
and costs and a supply chain that, while better, is still far from normal.
That phrase sounds like a fun twist on “business and pleasure”—a play on the idea of blending work and enjoyment.
In construction, a “success story” typically refers to a project or initiative that achieved its goals and was completed effectively.
