The global tensioning systems/prestressed concrete market accounted for USD 103.9 Billion in 2022 and is expected to reach USD 165.3 Billion by 2030, growing at a CAGR of 6.54% during the forecast period.
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➤ The market is expanding due to the development of enhanced infrastructure and the increase in urbanization.
It is anticipated that the global tensioning systems/prestressed concrete market will experience substantial growth in the near future. The demand for prestressed concrete systems or tensioning systems is anticipated to increase due to the expansion of the construction industry and the increasing urbanization. Numerous real estate and infrastructure reforms and regulations are the result of the increased focus of governments in all regions on the development of infrastructure, notably in emerging economies.
➤ The market’s development is somewhat impeded by the high cost of initial investment.
The prestressed concrete industry is characterized by the high initial cost of apparatus and machinery necessary for production, which can pose a challenge for new players to enter the market. Furthermore, the market is confronted with obstacles due to the accessibility of alternative construction materials, including steel and aluminum, which are suitable for specific applications. The market’s expansion is also hindered by environmental concerns, including carbon emissions from the production process.
➤ The market is presented with numerous opportunities as a result of the increasing adoption of new technologies and eco-friendly practices.
The tensioning systems/prestressed concrete market offers numerous opportunities for innovation and growth. The demand for advanced and high-performance construction materials, such as prestressed concrete, is expected to increase in response to the expanding emphasis on sustainable and eco-friendly construction practices. This has created opportunities for companies to create new and innovative prestressed concrete products that are more environmentally favorable, energy-efficient, and durable. Furthermore, the market is presented with substantial growth prospects as a result of the increasing demand for infrastructure and construction initiatives in developing countries. Moreover, the market may be presented with additional opportunities as a result of the implementation of new technologies, including 3D printing and robotics, in the production process, which can result in enhanced quality, reduced costs, and increased efficiency.
➤ The market is confronted with a challenge due to the fluctuation of basic material prices.
There are numerous obstacles that the tensioning systems/prestressed concrete industry must overcome, such as the scarcity of qualified labor for the production and installation of prestressed concrete products. Additionally, fluctuations in the prices of raw materials and disruptions in the supply chain can affect the availability and expense of materials. The industry is also confronted with challenges related to environmental regulations and sustainability, as there is a growing emphasis on reducing the carbon footprint of the production process. Finally, the market is susceptible to cyclical trends in the construction industry, which can result in fluctuations in demand and impact the market’s growth.
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The Global Tensioning Systems/Prestressed Concrete Market is segmented based on product, application and region
Global Tensioning Systems/Prestressed Concrete Market: Product Segment Analysis
● Internal Prestressing
● External Prestressing
Global Tensioning Systems/Prestressed Concrete Market: Application Segment Analysis
● Building Structures
● Civil Structures
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The global Tensioning Systems/Prestressed Concrete market profiles key players such as:
● L&T Construction
● Skanska
● Taiheiyo Cement Corporation
● HeidelbergCement
● Coltman Precast Concrete Limited
● Coreslab Structures
● CRH plc
● Stresscon Corporation
● Precon Products
● EnCon United
● Kiewit Corporation
● Clark Pacific Corporation
● US Concrete Inc
???? Recent Developments
• Oldcastle Infrastructure, a construction materials company headquartered in the United States, introduced a new line of prestressed concrete products for the transportation and infrastructure sectors in February 2021. The company’s latest prestressed concrete products are engineered to be lightweight and effortless to install, while simultaneously delivering exceptional durability and strength.
• In September 2021, Cemex, a forward-thinking Spanish construction materials company, disclosed that it had supplied more than 10,000 cubic meters of prestressed concrete beams for the construction of a new segment of a highway in Poland. The most recent prestressed concrete technology from Cemex was employed in the project. This technology is intended to reduce carbon emissions and material consumption while simultaneously enhancing durability and strength.
➤ It is anticipated that the Asia Pacific region will be the driving force behind the global market’s
The global tensioning systems/prestressed concrete market is segmented into five primary regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The pre-pressed concrete market is anticipated to be led by the Asia-Pacific region, with Europe following in its wake, as a result of the region’s enhanced construction sector development. In the next five years, it is expected that the ASEAN countries will increase their budgets for industrial, residential, and infrastructural initiatives. Despite being the epicenter of the Covid-19 pandemic, China remains the superpower of the Asia Pacific.
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