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Post-tensioning Systems Market Expected to Reach $22.2 Billion by 2030—Allied Market Research

 

Report Code : A03065

quote “The growth of the post-tensioning systems market is majorly driven by rise in construction activities for development around the world. In addition, post-tensioning systems is a cost- and time-saving solution and offers enhanced strength and sustainability to the structure. North America region dominated the post-tensioning systems market in 2020, owing to the increase in large-scale construction activities in countries such as U.S. and Canada.” quote

Digvijay Pawar
Industry Analyst, Construction & Manufacturing at Allied Market Research

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According to a recent report published by Allied Market Research, titled, Post-tensioning Systems Market by Structure Type, Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the post-tensioning systems market was valued at $9.9 billion in 2020, and is expected to reach $22.2 billion 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. It allows the force to transfer to the concrete through end anchorages. This gives strength to the structure and offers flexibility for design, faster construction, and lower material costs.

Post-tensioning systems provide enhanced strength and sustainability in the structure. The forces that are introduced after post-tensioning make the structure lighter and flexible. In addition, it reduces vibration and sag in the structure as the profile of the cables within the concrete produces a load balancing effect. In addition, governments around the world are increasing the expenditure for infrastructural development. This leads to increase in adoption of advanced technologies such as post-tensioning systems in construction projects. Moreover, development in construction technology has led to the introduction cost and time-saving solutions, with enhanced quality of material and the overall construction.

However, post-tensioning systems need professional and skilled labors, as there are several complex aspects to look after while constructing infrastructure using post-tensioning systems. This acts as a key deterrent factor of the global post-tensioning market, owing to dearth of skilled labors. Furthermore, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the post-tensioning systems market. Conversely, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Furthermore, rapid urbanization and industrialization in developing countries have given rise to construction activities. Rise in demand for construction & infrastructure developments fosters the growth of the post-tensioning systems market. In addition, availability of professionals in developing countries is anticipated to open new avenues for the expansion of the global post-tensioning systems market during the forecast period.

The global post-tensioning systems market 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).

KEY FINDINGS OF THE STUDY

  • By structure type, the new structures segment was the highest revenue contributor in 2020.
  • On the basis of type, the bounded segment generated the highest revenue in 2020.
  • Depending on application, the bridge—internal post-tensioning segment dominated the market in 2020.
  • North America accounted for the highest revenue in 2020.

The major players operating in the post-tensioning systems market 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.

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quote 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 quote

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