Global Prestressed Concrete Market (Business Opportunities - Advertising Service)

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Global Prestressed Concrete Market

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Global Prestressed Concrete Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 6% from 2020 to 2027, reaching US$ XX Bn.

Global Prestressed Concrete Market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Prestressed concrete is a system that internal stresses are deliberately induced without any form of the external load to increase its performance. The internal stresses induced in the concrete structure has utilized to counteract the stresses coming from the external load application. Prestressed concrete has used in a wide range of buildings and civil structures due to its improved performance enabling longer spans, declined structural thicknesses, and material savings too. The global prestressed concrete market is driven by the increase in population and rapid urbanization translating to a large number of new construction projects, and growth in infrastructure investment and industrialization.

An increase in concerns toward work-zone safety and the necessity for lower environmental impacts and requirements for reduced construction time and cost are impelling the market growth in the coming years. However, the economic downturn in major regions, lack of skilled workforce, and the lack of training are restraining the market growth at the global level. The number of construction projects set to go underway in emerging economies is likely to create beneficial growth opportunities for the prestressed concrete industry. Lack of awareness regarding the precast concrete method between end-users and volatility in transportation charges can create an unpredictable business environment are the major challenges for market growth in the near future.

Based on the end-use industry, the construction & infrastructure segment held the dominant market share of XX% in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Owing to enormous spending by emerging and developed economies on public infrastructure improvement. Construction & infrastructure contains the construction of roads, bridges, ports, and aviation infrastructure. The ascent in government initiatives for reasonable housing, growing disposable income, and renewal of U.S. housing development are projected to boost the segment growth over the forecast period. Increasing investment in infrastructure and real estate development are creating beneficial segment growth opportunities in the prestressed concrete market.

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Target State: All States
Target City : pune
Last Update : Aug 24, 2020
Number of Views: 27
Item  Owner  : chetana
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2020-10-28 (0.073 sec)