Post-tensioning Systems Market by Structure Type (New Structures and Structure Repairing), Type (Bonded and Unbonded) and Application (Building, Bridge—Internal Post-Tensioning, Bridge—External Post-Tensioning, Energy & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

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The post-tensioning systems market was valued at $9,925.0 million in 2020, and is expected to reach $22,260.3 million by 2030, registering a CAGR of 8.7% from 2021 to 2030. Post-tensioning systems are gaining high traction across the globe, as they aid in enhancing the service life and strength of the structure. Thus, large-scale projects are using post-tensioning technology. For instance, high-rise construction schemes in Kuwait, Saudi Arabia, and UAE are integrating post-tensioning systems in majority of newly constructed infrastructures. In addition, over 5,000 construction projects were under construction in Saudi Arabia by the end of May 2021. Majority of these projects have adopted post-tensioning systems in their construction. Furthermore, in 2019, Tecpresa Multistrand, a post-tensioning system provider, upgraded its post-tensioning technology for use in anchorage, tendons, and strands required for the construction of bridges in Spain, Portugal, Ireland, and Poland.

However, owing to complexity of the technology, lack of skilled labor has been witnessed, which restrains the growth of the market. To overcome such problems, Imperial College of London offers a short course on post-tensioning design and construction technology. This will help in generating skilled labor and professionals, which, in turn, is likely to boost the post-tensioning systems market.

Major companies in the market have adopted acquisition, partnership, and business expansion as their key developmental strategies to offer better products and services to customers.