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Post-tensioning Systems Market Expected to Reach $26.9 Billion by 2032—Allied Market Research

 
2022
Post-tensioning Systems Market

Report Code : A03065

quote Growth in expenditure by government for infrastructural development fuels the demand for the post tensioning systems market. In addition, Reduction of expenses such as maintenance cost, labor cost, and operational costs owing to usage of post tensioning systems positively impacts market growth. quote

Onkar Sumant - Manager
Construction and Manufacturing at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Post-tensioning Systems Market," The post-tensioning systems market size was $12.2 billion in 2022, and is estimated to reach $26.9 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032. 

Pre-stressed concrete, masonry, and other structural components can be made using the post-tensioning technique. High-strength steel is tensioned in order to apply these internal forces, which may be done either before or after the concrete is actually poured. In the development of infrastructures such as buildings, tunnels, bridges, highways, and energy & electricity, around the world, where strength is a key consideration, post-tensioning systems are being quickly used which in turn is leading to growth of post-tensioning systems industry

Post tensioning technology offers substantial material saving, enabling the construction of more economical structure by reducing the need of extensive concrete and steels. This cost effectiveness aligns with the industry demand for innovative methods that can improve the return on investment for construction projects. Additionally, post tensioning can enhance structural durability, reduce maintenance expenses and contribute to sustainable construction practices, make it the best choices for builder and developer looking to optimize project economic and environmental impact. Moreover, owing to demand for fast paced construction with accuracy, post-tensioning systems are rapidly developing. Hence, such advantages propel the post-tensioning systems market growth.  

In addition, rise in demand for greater transportation and construction projects has increased by increased urban mobility. In addition, investments are being allocated to expand transportation infrastructure projects and upgrade already-existing infrastructure. Some of these projects include expanding roads and bridges, organizing new development around the nation, and repairing harmed buildings. For instance, in 2021, the Bipartisan Infrastructure Deal was signed by the president of the U.S., and it allocated $550 billion for new federal investments in the infrastructure of the nation.  

To raise the standard of living for the populace by granting them access to reliable, clean, and safe transportation, more than $110 billion is allotted to public transportation infrastructure in this budget. Similarly, in August 2021, the Ministry of Transportation and Infrastructure announced a $837 million Trans-Canada highway widening project between Alberta and B.C. In order to complete this project, which will add more than 1,200 direct jobs and 700 indirect ones, bridges must be built, and two-lane highways must be widened to four lanes.

Thus, governments of various countries are increasingly investing in infrastructural development, such as improvement of roads and bridges. This, in turn, is projected to foster the demand for post-tensioning systems, thereby augmenting the market growth, globally.  

In addition, key players having significant post-tensioning systems market share are launching new strategies in order to promote growth of market.

As per the post-tensioning systems market analysis, ongoing construction projects for malls and offices have been witnessed in developing nations of Asia, Africa, and Latin America. For instance, more than 13 shopping centers were built in Brazil in 2021. These malls are multistory and are constructed on multiple acres of land, which propels the demand for heavy construction equipment. Furthermore, rapid industrialization in developing countries has led to construction of new and luxurious office spaces in major cities and various countries.  

For instance, as per the post-tensioning systems market trends, in 2021, over 17 major IT parks are being built in India since the past couple of years in major cities such as Mumbai, Delhi, Pune, Bangalore, and Hyderabad. In addition, several housing projects are under construction in Africa. For instance, in February 2022, six new mega social housing projects were planned for South Africa, which are expected to be completed in the coming few years. In addition, in 2021, Africa's largest 3D-printed affordable housing project was started in Kenya. Such infrastructure projects need heavy construction equipment for operation. This equipment is rented and used at these sites, which drives the growth of the global post-tensioning system market.  

However, the intricacy of the construction process is increased by the numerous tendons and wires that are contained within the post-tension slab. Using post-tension slab has the significant drawback of potentially causing future accidents if care is not taken when creating it. For instance, inexperienced workers frequently fail to completely fill in the gaps in the tendons and wiring. These spaces corrode the wires, which can break prematurely and create calamities. As a result, post-tensioning system complexity issues are the main reasons hindering the growth during post-tensioning systems market forecast period.  

Furthermore, as per the post-tensioning systems market overview, rapid urbanization and industrialization in developing countries have given rise to construction activities. Rise in demand for construction & infrastructure developments majorly drives the market growth. Industries, such as residential & non-residential construction, are continuously developing, which, in turn, is creating the need for construction of new infrastructure. In addition, post tensioning systems are in high demand in the construction industry for material efficacy, design flexibility, enhanced durability, and sustainability of structure. Moreover, these materials are eco-friendly and less toxic; thus, this leads to a surge in demand for post-tensioning systems, which is anticipated to create remunerative opportunities for the expansion of the post-tensioning systems market during the forecast period.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the post-tensioning systems market outlook along with market segments, current trends, estimations, and dynamics of the post-tensioning systems market analysis from 2022 to 2032 to identify the prevailing post-tensioning systems market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the post-tensioning systems market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global post-tensioning systems market trends, key players, market segments, application areas, and market growth strategies.

   

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quote Post-tensioning Systems Market by Structure Type (New Structures, Structure Repairing), by Type (Bonded, Unbonded), by Application (Building, Bridge - Internal Post-Tensioning, Bridge - External Post-Tensioning, Energy and Power Industry, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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