About Prestressed Concrete
Pre-stressed concrete is used widely in multistoried buildings, civic infrastructure and bridges owing to the inherent weakness of concrete in tension which can be removed via the product. The computer has become a common tool throughout the pre-stressed concrete industry that results in improved quality control. Computer-based design and analysis is now the norm for standard pre-tensioned girders and segmental bridges.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.7% |
The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Prestressed Concrete market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ArcelorMittal (Luxembourg), US Concrete Products Corporation (United States), Coastal Precast (United States), Oldcastle Precast (United States), Elematic precast technology (Finland), Vollert Anlagenbau GmbH (Germany), Eco Chimneys Private Limited (India), Chengdu Jin Rui Construction&Engineering Machinery Co., Ltd.(China), Bekaert (Belgium) and Insteel (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Prestressed Concrete market by , Application (Pole and Beam, Hardstands and Pavement, Pipes, Tanks and Others) and Region.
On the basis of geography, the market of Prestressed Concrete has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Product , the sub-segment i.e. Epoxy coated PC strand will boost the Prestressed Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Methods, the sub-segment i.e. Pre-tensioning will boost the Prestressed Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Concrete Wires, the sub-segment i.e. 2 & 3Wires will boost the Prestressed Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Construction & Infrastructure will boost the Prestressed Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Intonation of Infrastructure Development and Increasing Number of Bridge and Building Construction
Market Growth Drivers:
High Demand due to Durable, Reliable Concrete and Growth in Urbanization and Construction Industry
Challenges:
The High Cost of Pre-Stressing Mould
Restraints:
The Requirement of Skilled Worker
Opportunities:
Increasing Construction Industry In Developing Regions and Development of Of Quality Products
Market Leaders and their expansionary development strategies
In September 2023, The European Precast Concrete Association (EPCA) collaborated with research institutions to launch a project exploring the use of recycled materials in prestressed concrete production, promoting circular economy practices in the industry.
In October 2023, CRH, introduced its 'EcoCrete' range of low-carbon prestressed concrete elements aimed at reducing the environmental impact of construction projects. These represents a significant step towards a more sustainable future for the prestressed concrete industry.
Key Target Audience
Prestressed Concrete Manufactures, Prestressed Concrete Distributors, Prestressed Concrete Suppliers, Government Regulatory Bodies, Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.