Industry Background:
A shotcrete machine is used for concrete and motor spraying in foundations, tunnels, etc. The low dust constancy and high strength of the concrete layer make it useful for a variety of uses. Shotcrete concrete is a spraying technique that is mainly used to reduce or eliminate the disadvantages of conventional concrete. The upcoming ambitious Chinese undersea tunnel project of 123 km to host a rail line is anticipated to be a good opportunity for manufacturers to enter the Asia-Pacific market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Heidelberg Cement (Germany), Grupo ACS (Spain), Sika AG (Switzerland), GCP Applied Technologies (United States), U.S. Concrete (United States), Mapei (Italy), Normet (United States), Tutor Perini Corporation (United States) and Thiessen Team (Finland) |
According to AMA, the market for Shotcrete is expected to register a CAGR of 8.6% during the forecast period to 2027. This growth is primarily driven by High Demand due to integrated designs and lower equipment cost and High ADoption for Protective Coatings.
Globally, a noticeable market trend is evident The increase in underground construction activities and mining activities
The Construction & Engineering sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as BASF SE (Germany), Heidelberg Cement (Germany), Grupo ACS (Spain), Sika AG (Switzerland), GCP Applied Technologies (United States), U.S. Concrete (United States), Mapei (Italy), Normet (United States), Tutor Perini Corporation (United States) and Thiessen Team (Finland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading players in the global shotcrete industry have adopted various strategies to achieve additional market share. These key strategies are gathered from press releases, annual reports of market players, and primary calls made to industry experts. Market players profiled in this report are shotcrete manufactures and distributors. Key strategies adopted by these players include product launch, joint venture, acquisition, partnership, expansion, and investment.
Key Developments in the Market:
On 9th November 2020, Sika further expanding production in France and positioning itself for infrastructure investments
Influencing Trend:
The increase in underground construction activities and mining activities and The rising demand due to increasing industrialization adds
Market Growth Drivers:
High Demand due to integrated designs and lower equipment cost and High ADoption for Protective Coatings
Challenges:
The concern related to dry shotcrete machine spraying
Restraints:
Rising need for skilled labor
Opportunities:
Innovating techniques and advancements in technology and Demand for shotcrete machines is anticipated to rise due to rapid development in technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Shotcrete Market
- Analysis about New Entrants in Shotcrete Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Shotcrete Study Sheds Light on
The Shotcrete Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Shotcrete industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Shotcrete industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.