Post Tensioning Systems Market Report 2024

This Post Tensioning Systems market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The post tensioning systems market size has grown strongly in recent years. It will grow from $10.47 billion in 2023 to $11.45 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth during the historic period can be attributed to several factors such as increasing research activities in construction, rising demand for barns and agricultural or industrial buildings, the presence of established players in the market, improvements in living standards, and higher per capita income.

The post tensioning systems market size is expected to see strong growth in the next few years. It will grow to $16.45 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth during the forecast period can be attributed to several factors such as the development of marketing analytics tools, increasing awareness of economic and safety benefits, upgrades to existing infrastructure, demand for advanced construction materials, and a focus on safety and sustainability. Key trends expected during this period include digitalization and Building Information Modeling (BIM), automation and robotics, smart monitoring technologies, modular construction techniques, and improved load-bearing capacity.

The anticipated growth in the construction industry is expected to drive the expansion of the post-tensioning system market. This growth is influenced by factors such as climate change, the need for material reduction, water supply considerations, and population growth. Post-tensioning systems are utilized in the construction sector to enhance the strength and flexibility of concrete structures, allowing for longer spans, thinner slabs, and reduced material use. For instance, in August 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. In June 2024, the value of construction operations reached approximately $2.14 trillion, reflecting a 6.2% rise compared to the $2.02 trillion reported in June 2023. Additionally, the US Census Bureau noted in December 2022 that the value of manufacturing sector operations increased by 16.8% from 2020, reaching $6.1 trillion in 2021. Thus, the growth of the construction industry is fueling the expansion of the post-tensioning system market.

Leading companies in the post-tensioning system market are focusing on developing advanced solutions, such as post-tensioned balcony connectors, to enhance structural performance, improve energy efficiency, and extend the lifespan of construction projects by reducing thermal bridging and minimizing potential corrosion. Post-tensioned balcony connectors reinforce the connection between balconies and the main building framework. For example, in November 2022, Leviat Limited, a US-based provider of stainless-steel fixings and products for structural concrete, introduced the Halfen HIT Insulated Balcony Connector System. This system allows balconies to be cast and stressed simultaneously with the main concrete slab. Designed with mineral wool insulation, it offers superior thermal efficiency and meets the REI 120 fire resistance rating, complying with current building regulations. The system supports various post-tensioning cable configurations, enabling innovative architectural designs with concrete, minimizing the risk of structural failure, ensuring balconies can safely support their intended loads, and simplifying installation, which could potentially reduce construction time and costs.

In March 2023, Commercial Metals Company, a US-based manufacturer of rebar and related products, acquired Tendon Systems LLC for an undisclosed amount. This acquisition strengthens CMC's position in construction reinforcement and expands its capabilities to better meet customer needs. It also improves steelmaking efficiency by ensuring a reliable supply of cost-effective materials, enhancing operations, and increasing market agility. Tendon Systems LLC is a US-based concrete construction company specializing in barrier cables and post-tensioning systems.

Major companies operating in the post tensioning systems market are Freyssinet, Srg Global Solutions Limited, VSL International Ltd., Structural Group Inc., DYWIDAG Inc, Tensar Corporation, Suncoast Post-Tension, Tendon LLC, General Technologies Inc., VLM International, Mekano 4, Amsysco Inc, BBV Systems GmbH, Prestressed Concrete Constructions Inc, TMG Global Pte Ltd., Asian Ferrotech Inc, OVM MENA, Liuuzhou OVM Machinery Co. Ltd, Post Tension Services India Pvt. Ltd., Mega Post Tension System.

North America was the largest region in the post tensioning systems market in 2023. The regions covered in the post tensioning systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the post tensioning systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Post-tensioning systems are structural reinforcement techniques used in concrete construction, where steel tendons (cables or rods) are tensioned after the concrete has been cast and has gained adequate strength. This method enhances the concrete's performance by compressing it, which increases its load-carrying capacity and resistance to cracking. As a result, it allows for longer spans, thinner slabs, and greater design flexibility in buildings, bridges, and other structures.

There are two main types of post-tensioning systems such as bonded and unbonded. Bonded post-tensioning systems involve embedding high-strength steel cables within the concrete and then tensioning them to reinforce the structure. The cables are placed in ducts and bonded with grout to improve durability and load-carrying capacity. These systems are used in a variety of applications, including new constructions and structural repairs, and are utilized in buildings, bridge-internal post-tensioning, bridge-external post-tensioning, the energy and power industry, and more.

The post tensioning systems market research report is one of a series of new reports that provides post tensioning systems market statistics, including the post tensioning systems industry's global market size, regional shares, competitors with a post tensioning systems market share, detailed post tensioning systems market segments, market trends and opportunities, and any further data you may need to thrive in the post tensioning systems industry. This post tensioning systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The post tensioning systems market consists of sales of steel cables or tendons, anchorage devices, pumping and grouting equipment, jacking equipment, ducts, and tubes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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