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.
Get Sample Report @ https://www.alliedmarketresearch.com/request-sample/3405
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.
For Interesting Discounts Direct Purchase Here @ https://www.alliedmarketresearch.com/purchase-enquiry/3405
Leading Players:
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.
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.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing
Follow Us on Blog: https://www.marketinshort.com