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Global Post-Tensioning System Market to Reach $22.26 Billion by 2030: Allied Market Research

·4 min read

Rise in government expenditure for infrastructural development, improved strength and sustainability in structure, and development in construction technology have boosted the growth of the global post-tensioning system market. The market across North America dominated in 2020, holding around two-fifths of the market. The Covid-19 pandemic hampered the construction, manufacturing, tourism, and hospitality industries as all manufacturing and construction activities were stopped or postponed.

Portland, OR, Oct. 21, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global post-tensioning system market generated $9.92 billion in 2020, and is expected to reach $22.26 billion by 2030, registering a CAGR of 8.7% from 2021 to 2030.

Rise in government expenditure for infrastructural development, improved strength and sustainability in structure, and development in construction technology have boosted the growth of the global post-tensioning system market. However, lack of skilled labor and complexity of work hinder the market growth. On the contrary, rapid urbanization and industrialization in emerging countries are expected to open new opportunities for the market players in the future.

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Covid-19 scenario:

  • The Covid-19 pandemic hampered the construction, manufacturing, tourism, and hospitality industries as all manufacturing and construction activities were stopped or postponed.

  • The prolonged lockdown disrupted the supply chain and increased the prices of raw materials.

  • However, the market is expected to get back on track post-pandemic as the manufacturing industries open at their full-scale capacities.

The report segments the global post-tensioning system market on the basis of application, type, structure type, and region.

Get detailed COVID-19 impact analysis on the Post-tensioning System Market Request Here

Based on application, the bridge-external post-tensioning segment is expected to portray the highest CAGR of 10.3% during the forecast period. However, the bridge-internal post-tensioning segment held the largest share in 2020, contributing to more than half of the market.

On the basis of type, the unbonded segment is projected to manifest the highest CAGR of 9.0% during the forecast period. However, the bonded segment held the lion’s share in 2020, accounting for more than two-thirds of the market.

The global post-tensioning system market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding around two-fifths of the market. In addition, the market across LAMEA is projected to showcase the highest CAGR of 9.4% during the forecast period.

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Top Manufacturers:

The global post-tensioning system market includes an in-depth analysis of the prime market players such as Amsysco, Inc., Bouygues (VSL International Ltd.), BBV Systems GmbH, Keller Group Plc. (Suncoast Post-Tension), DYWIDAG, Soletanche Freyssinet (Freyssinet), Liuzhou OVM Machinery Co., Ltd., Tendon, LLC, SRG Global, and TMG Global Pte Ltd.

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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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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