Post-tensioning Systems Market

The post-tensioning systems market size 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 is a method in which the tendons are tensioned after the concrete has hardened and the force is primarily transferred to the concrete through the end anchorages. Use of post-tensioning enables thinner concrete sections, longer spans between supports, stiffer walls to resist lateral loads, and stiffer foundations to resist the effects of shrinking and swelling soils. There are many benefits of post-tensioning in construction that includes flexibility of design, faster construction program and lower material costs.

The post-tensioning systems market was initially hampered owing to restrictions on construction activities during lockdown. In addition, manufacturing of elements used in post-tensioning systems was also affected during the period. However, the market started recovering as lockdown restrictions were uplifted.

Post-tensioning system provides enhanced strength and sustainability in the structure that is being built. The costs of the projects declines due to reduction in the depth of the foundation system.  It further offers savings in materials such as concrete and rebar, as the structure gains strength through steel bars used for tensioning and does not depend on the material.  In addition, costs for foundation excavation and support for excavation will be reduced. Moreover, post-tensioned systems have ability to span over subsurface weak points such as utilities, tunnels, and stormwater management vaults.

Increase in government expenditure on infrastructural development has led to surge in adoption of post-tensioned systems in construction of bridges, tunnels, flyovers, and other infrastructures. By 2040, the global population is estimated to grow by approximately two billion with the urban population growing by around one billion, triggering massive demand for infrastructure support such as roads, subways, tunnels, common areas, and commercial infrastructures. Furthermore, advancements in construction technology has led to increase in R&D in technologies such as pre-tensioning, post-tensioning, material manufacturing, and construction styles, which are cost and time-saving solutions.

However, complexity of post-tensioning systems increases when bounded and unbounded technologies are introduced in the construction work, as installation of tensioning bar, anchorages, wedges, and strands has to be precise. This needs skilled professionals to carry out the work, as local workers may not have the necessary skills required to prepare complex slabs. In addition, poor workmanship can lead to accidents by causing corrosion in the wires and cables that have been used in the post-tensioning systems. Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of post-tensioning systems as well as their demand, thereby restraining the growth of the market, globally. Conversely, industries have gradually resumed their regular manufacturing and services. This is expected to lead to re-initiation of post-tensioning systems companies at their full-scale capacities, which is likely to help the post-tensioning systems market to recover by end of 2021.

Furthermore, rapid urbanization and industrialization in developing countries have driven largely the demand for construction & infrastructure developments, which notably contribute toward the growth of the global market. Industries such as roads & railways, tunnels, residential & non-residential construction, and mining are continuously developing, which, in turn, is creating the need for construction of new infrastructure. This is anticipated to open new avenues for the post-tensioning systems market growth during the forecast period.

The global post-tensioning systems is segmented into structure type, type, application, and region. By structure type, the market is segregated into new structure and structure repairing. On the basis of types of post-tensioning, it is bifurcated into bonded and unbonded. The applications covered in the study include building, bridge—internal post-tensioning, bridge—external post-tensioning, energy & power, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of structure type, in 2020, the new structures segment dominated the post-tensioning systems market, in terms of revenue, whereas the structure repairing segment is expected to witness growth at the highest CAGR during the forecast period. By type, the bonded segment led the market in 2020, in terms of revenue; however, the unbonded segment is anticipated to register highest CAGR during the forecast period. Depending on application, the bridge—internal post-tensioning segment led the market in 2020, in terms of revenue. Conversely, the bridge—external post-tensioning segment is anticipated to exhibit the highest CAGR in the coming years. Region wise, North America garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.

Competition analysis

The major players profiled in the post-tensioning systems market report include Amsysco, Inc., BBV Systems GmbH, Bouygues (VSL International Ltd.), DYWIDAG, Keller Group Plc. (Suncoast Post-Tension), Liuzhou OVM Machinery Co., Ltd., Soletanche Freyssinet (Freyssinet), SRG Global, Tendon, LLC, and TMG Global Pte Ltd. 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 in the post-tensioning systems market.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current trends, future estimations, and dynamics of the post-tensioning systems market share.
• In-depth post-tensioning systems market analysis is conducted by estimations for the key segments between 2021 and 2030.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
• The post-tensioning systems market forecast analysis from 2021 to 2030 is included in the report.
• The key players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the post-tensioning systems industry.

 Post-tensioning Systems Market Report Highlights