The global post-tensioning systems market was valued at $12,166.5 million in 2022, and is projected to reach $26,880.1 million by 2032, registering a CAGR of 8.2% from 2023 to 2032.
A post tensioning system is a construction technique that reinforces concrete structure by inserting high strength steel tendons or cable within the concretes. These tendons are tensioned or stretched after the concrete has partially set, creating compressive force that enhances the structure strength and durability.
In the modern world, post-tensioning systems are the preferred way for building bridges. When building floor slabs with post-tensioned reinforcement, concrete sections may be thinner and support spans may be longer. In addition, it makes it easier to build elevated structures with longer beam spacing. Additionally, building lighter and longer floor constructions may lead to more vibration and deflection incidents. Post-tensioning, on the other hand, results in a load balancing effect and increased stiffness in concrete, which greatly lowers vibration and sag.
Additionally, it reduces or completely prevents shrinkage cracking, necessitating fewer or no joints after construction. As a result, post-tensioning systems are increasingly being used in the building industry, which significantly aids in the expansion of the global market. Moreover, only highly qualified specialists should be able to complete the construction procedure in post-tensioning systems due to post-tensioning system intricacy.
The requisite expertise to produce this intricate slab may not be available among local laborers. As a result, the preference for other options, such as precast slabs and elements, in the construction infrastructure swings away from trained labor, which limits the expansion of the post-tensioning industry. On the contrary, increasing global emphasis on infrastructural development and the demand for more efficient and sustainable construction methods propel the growth of market during the forecast period. In addition, as urbanization continues to grow, there is need for structures that can accommodate large spans and higher loads, making post tension a vital solution. Moreover, in regions prone to seismic activities, required post tensioning system to improve its structural resilience. Hence, such advantages propel the growth of the market during the forecast period.
The post-tensioning systems market is segmented into structure type, type, application and region. The structure type in the study includes new structure and structure repairing. The new structures segment dominated the market in 2022. By type, the market is divided into bonded and non-bonded. The bonded segment dominated the market in 2022. By application, it is segmented into building, bridge-internal post-tensioning, bridge-external post-tensioning, energy & power, and others. The bridge-internal post-tensioning segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2022, North America was the key shareholder, and is anticipated to secure a leading position during the forecast period.
Key companies profiled in the post-tensioning systems market report include, Amsysco Inc., BBV Systems GmbH, Bouygues (VSL International Ltd.), DYWIDAG, Keller Group Plc. (Suncoast Post-Tension), Liuzhou OVM Machinery Co., Ltd., Soletanche Freyssinet (Freyssinet), SRG Global, Tendon LLC, and TMG Global Pte Ltd.
A post tensioning system is a construction technique that reinforces concrete structure by inserting high strength steel tendons or cable within the concretes. These tendons are tensioned or stretched after the concrete has partially set, creating compressive force that enhances the structure strength and durability.
In the modern world, post-tensioning systems are the preferred way for building bridges. When building floor slabs with post-tensioned reinforcement, concrete sections may be thinner and support spans may be longer. In addition, it makes it easier to build elevated structures with longer beam spacing. Additionally, building lighter and longer floor constructions may lead to more vibration and deflection incidents. Post-tensioning, on the other hand, results in a load balancing effect and increased stiffness in concrete, which greatly lowers vibration and sag.
Additionally, it reduces or completely prevents shrinkage cracking, necessitating fewer or no joints after construction. As a result, post-tensioning systems are increasingly being used in the building industry, which significantly aids in the expansion of the global market. Moreover, only highly qualified specialists should be able to complete the construction procedure in post-tensioning systems due to post-tensioning system intricacy.
The requisite expertise to produce this intricate slab may not be available among local laborers. As a result, the preference for other options, such as precast slabs and elements, in the construction infrastructure swings away from trained labor, which limits the expansion of the post-tensioning industry. On the contrary, increasing global emphasis on infrastructural development and the demand for more efficient and sustainable construction methods propel the growth of market during the forecast period. In addition, as urbanization continues to grow, there is need for structures that can accommodate large spans and higher loads, making post tension a vital solution. Moreover, in regions prone to seismic activities, required post tensioning system to improve its structural resilience. Hence, such advantages propel the growth of the market during the forecast period.
The post-tensioning systems market is segmented into structure type, type, application and region. The structure type in the study includes new structure and structure repairing. The new structures segment dominated the market in 2022. By type, the market is divided into bonded and non-bonded. The bonded segment dominated the market in 2022. By application, it is segmented into building, bridge-internal post-tensioning, bridge-external post-tensioning, energy & power, and others. The bridge-internal post-tensioning segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2022, North America was the key shareholder, and is anticipated to secure a leading position during the forecast period.
Competition Analysis
Key companies profiled in the post-tensioning systems market report include, Amsysco Inc., BBV Systems GmbH, Bouygues (VSL International Ltd.), DYWIDAG, Keller Group Plc. (Suncoast Post-Tension), Liuzhou OVM Machinery Co., Ltd., Soletanche Freyssinet (Freyssinet), SRG Global, Tendon LLC, and TMG Global Pte Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the post-tensioning systems market analysis from 2022 to 2032 to identify the prevailing post-tensioning systems market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the post-tensioning systems market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global post-tensioning systems market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Structure Type
- New Structures
- Structure Repairing
By Type
- Bonded
- Unbonded
By Application
- Building
- Bridge - Internal Post-Tensioning
- Bridge - External Post-Tensioning
- Energy and Power Industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Tendon LLC
- DYWIDAG
- Soletanche Freyssinet (Freyssinet)
- TMG Global Pte Ltd.
- SRG Global
- Amsysco Inc.
- BBV Systems GmbH
- VSL International Ltd.
- Keller Group Plc. (Suncoast Post-Tension)
- Liuzhou OVM Machinery Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POST-TENSIONING SYSTEMS MARKET, BY STRUCTURE TYPE
CHAPTER 5: POST-TENSIONING SYSTEMS MARKET, BY TYPE
CHAPTER 6: POST-TENSIONING SYSTEMS MARKET, BY APPLICATION
CHAPTER 7: POST-TENSIONING SYSTEMS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
Post Tensioning Systems expected to Reach $ 23.6 Billion by 2032According to the report titled, 'Post tensioning systems by structure type, type and application: Global Opportunity Analysis and Industry Forecast, 2023-2032,”
The global post-tensioning systems market was valued at $12.16 billion in 2022, and is projected to reach $26.88 billion by 2032, registering a CAGR of 8.2% from 2023 to 2032.
A post-tensioning system is a construction technique used to enhance the strength and performance of concrete structure. It involves the insertion of high strength steel tendons or cables into concrete. Once the concrete has reached a certain strength, these tendons are tensioned or pulled tight using hydraulic jacks and anchored at both ends with specialized anchored system. Post tension is widely used in various construction applications including buildings, bridges, parking structures, and slabs.
'The post tensioning market is negatively impacted by the inflation triggered by the war in Ukraine and the impact of the coronavirus pandemic. The uncertain prices of raw materials have severe impacts on the end-users of post tensioning systems; thereby, limiting the Post-Tensioning Systems market growth.”
Demand for greater transportation and construction projects has increased by increased urban mobility. In addition, investments are being allocated to expand transportation infrastructure projects and upgrade already-existing infrastructure. Some of these projects include expanding roads and bridges, organizing new development around the nation, and repairing harmed buildings. For instance, in 2021, the Bipartisan Infrastructure Deal was signed by the president of the U.S., and it allocated $550 billion for new federal investments in the infrastructure of the nation.
To raise the standard of living for the populace by granting them access to reliable, clean, and safe transportation, more than $110 billion is allotted to public transportation infrastructure in this budget. Similarly, in August 2021, the Ministry of Transportation and Infrastructure announced a $837 million Trans-Canada highway widening project between Alberta and B.C. In order to complete this project, which will add more than 1,200 direct jobs and 700 indirect ones, bridges must be built, and two-lane highways must be widened to four lanes. Thus, governments of various countries are increasingly investing in infrastructural development, such as improvement of roads and bridges. This, in turn, is projected to foster the demand for post-tensioning systems, thereby augmenting the market growth, globally.
In addition, post tensioning technology offers substantial material saving, enabling the construction of more economical structure by reducing the need of extensive concrete and steels. This cost effectiveness aligns with the industry demand for innovative methods that can improve the return on investment for construction projects. Additionally, post tensioning can enhance structural durability, reduce maintenance expenses and contribute to sustainable construction practices, make it the best choices for builder and developer looking to optimize project economic and environmental impact. Moreover, owing to demand for fast paced construction with accuracy, post-tensioning systems are rapidly developing. Hence, such advantages propel the growth of the market.
However, post-tensioning systems require specialized knowledge and expertise for their proper installation and construction of infrastructure. skilled labor is essential not only for the initial construction phase but also for the long-term maintenance and safety of post tension structure. The shortage of qualified professionals in this field can lead to various challenges such as delays and errors during installation and potential compromising the structural integrity of the building structures. In addition, it also limits the scalability of post tensioning projects especially in regions where there is a scarcity of trained workers. Moreover, the demand for skill can drive the labor cost, making a post tensioning project less cost competitive. Hence, such disadvantages hinder the market growth during forecast periods.
On the contrary, the transportation and construction sectors are a major factor promoting regional and economic development. They help in providing a great influence over the national integration of the world economy. Different developing countries, such as India, have rich history in terms of trade through seas, bridges, and roads. These infrastructures in such a case play an important role for economic activities across the coastal areas. The higher the throughput of passengers and goods, the more infrastructure provisions would be required.
Hence, this factor is expected to provide growth to the economy of the country. In addition, ports are important for the support of economic activities in the hinterland. This is due to the fact that they provide connectivity between land and sea transport. In addition, they serve as the cheapest mode of transportation as compared to the other means of transport. Thus, as industries require cheap and safe means of importing raw materials and exporting finished goods, many industries are located across the coastal belts. Hence, this influences the lives of employees in different developing and underdeveloped countries, which, in turn, is expected to offer opportunities for economic growth.
Segmental Overview
The post-tensioning systems market is segmented into structure type, type, application and region. The structure type in the study includes new structure and structure repairing. By type, the market is divided into bonded and non-bonded and by application, it is segmented into building, bridge - internal post-tensioning, bridge - external post-tensioning, energy & power, and others.By region, the post-tensioning systems market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
COMPETITION ANALYSIS
Competitive analysis and profiles of the major players in the Post-Tensioning Systems market are Amsysco Inc., BBV Systems GmbH, Bouygues (VSL International Ltd.), DYWIDAG, Keller Group Plc. (Suncoast Post-Tension), Liuzhou OVM Machinery Co., Ltd., Soletanche Freyssinet (Freyssinet), SRG Global, Tendon LLC, and TMG Global Pte Ltd. Major players have adopted product launch, collaboration, and acquisition as key developmental strategies to improve the product portfolio of the Post-Tensioning Systems market.KEY FINDINGS OF THE STUDY
report provides an extensive analysis of the current and emerging trends and dynamics.
By structure type, the new structures segment was the largest revenue generator in 2022.
By type, the bonded segment generated the highest revenue in 2022.
By application, the bridge-internal post tensioning segment generated the highest revenue in 2022.
By region, North America generated the highest revenue in 2022.
Companies Mentioned
- Tendon LLC
- DYWIDAG
- Soletanche Freyssinet (Freyssinet)
- TMG Global Pte Ltd.
- SRG Global
- Amsysco Inc.
- BBV Systems GmbH
- VSL International Ltd.
- Keller Group Plc. (Suncoast Post-Tension)
- Liuzhou OVM Machinery Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 12166.5 million |
| Forecasted Market Value ( USD | $ 26880.1 million |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
