The increase in investments made by the government on developing the infrastructure of post-tensioning has driven the construction of bridges, flyovers, etc.
Covid-19 Impact & Market Status
The COVID-19 had a negative impact on the global post-tensioning market. This is because due to lock down all the services and constructions had to pause. The laborers were not able to work, the transportation sector was unable to do its assigned task, and all other production and construction sectors had to take a break. This caused a great loss to the post-tensioning system market because many projects were stopped in between their development cycle and they had to be restarted by investing more capital.
After the lockdown was over, the potential companies began to restart their work. They developed new strategies and designs that were cheap but provided high-quality output. This reduced the complexity of construction and saved time. Also, the government started investing more in the construction of these structures and help in the expansion of the post-tensioning system market. With all these efforts and developments in technology the post-tensioning system market is expected to grow by the end of the forecast period.
China is the dominant revenue generator of the global post-tensioning system market.
The design and construction teams of various companies in China have highly qualified and skilled labor forces. This is enhancing the designs and overall architecture of the buildings, dams, bridges, anchors, highways, and many more structures. This has given a professional look to the city and these developments are taking place at a fast rate as compared to the developments in other nations. The ruling party of China is spending a high amount of expenditure on the construction of these structures as they have a promising return on investments. These structures and development attract foreign trade and foreign development investments. Hence, this increases the overall revenue generation of a nation.
New structures are expected to dominate the old bonded and unbonded structures in terms of design and strength.
The new designs of structures like buildings, bridges, entertainment complexes, etc. are made in accordance with the space available and have high strength, durability, and are appealing to the eye. This makes their construction more compatible and affordable as compared to the complex bonded and unbonded designs that we had previously. Hence, this increases the post-tensioning system market.
The growth and advancement in technology are providing new opportunities for the post-tensioning system market by providing new construction designs and styles at a cheap cost.
The strengthening of concrete while building structures like buildings, anchors, bridges, stadiums, etc. with the help of high-strength steel or any other material is related to the post-tensioning system market. They provide high-quality structures that are durable and have high strength. This will ensure that these structures like water tanks, anchors, slabs, buildings, bridges, etc. will be strong.
The CAGR (Compound Annual Growth Rate) of the global post-tensioning system market is expected to be 8.7% with increased market size of USD 22.24 Billion by 2028.
The government is looking for sustainable development techniques for upgrading the post-tensioning system market. This is done to make sure that the construction is done using high-quality materials like steel or other metal. Also, the government is paying attention to their construction and infrastructure requirements. All the required resources are made available on time so that the production and construction won’t stop due to lack of resources or required services like cement, concrete, labor, electricity, transportation, land, etc. There is a high demand for new construction designs that would enhance the strength and aesthetics of the structures. This is done in accordance with the land and space available for a particular structure like a bridge, building, tanks, etc.
Overall, the government has increased its expenditure to increase the construction of the post-tensioning system market because these are essential for each and every sector whether it would be working or not. The buildings are required for several purposes like hospital construction, hotel construction, office construction, etc. Other than this, bridges are required to connect two different locations and to make the journey less time-consuming, and like this other structures are equally important. These all structures should be durable and should have high strength to make sure that public safety is there and to increase their life span.
The post-tensioning system market of China and Europe are at the top, the first position belongs to China. The construction companies there receive full support from their governments. They are being provided with all the required materials, services, and financial support. This motivates the companies to design better and innovative models. Hence, their architectural sector is growing at a fast rate. This makes the architecture of the whole city amazing and appealing to the eye and it seems professional. These buildings attract foreign investment companies to invest their resources there as they promise a high return on investment. This increases the international trade and foreign development investment ratio. This helps in increasing a nation’s Gross Development Product (GDP) and Net National Product (NDP).
The government of every nation is trying to provide post-tensioning system services that will save time and will de at a low rate. This will help the government to increase its revenue as this has a promising development rate of return on investment. These developments help common people also as they get required services that help them to save their journey time, have a high standard of living, build new and innovative designs, and much more. Overall, all these developments are for user satisfaction and the nation’s progress.
Despite all these investments, the foundation or the base system of the post-tensioning system market is not strong. The cost of materials and other requirements like transportation and land maintenance tax is very high. This makes it difficult for the companies to do their work on scheduled time or provide quality results. Also, the work related to the construction of wedges, bridges, or bars is a complicated task when it comes to bonded or unbonded post-tensioning systems. This makes construction and design tasks more complicated and hence hard to achieve.
Hence, there is progress in the construction of high-quality structures but their growth rate is retarded due to certain factors including their high cost and complexity. To reduce these factors, the government is trying its best to increase its investment in the post-tensioning market.
The major players of the global post-tensioning system market are TMG Global Pte Ltd., BBV Systems GmbH, Amsysco Inc., Tendon LLC, Bouygues, SRG Global, DYWIDAG, Soletanche Freyssinet, Keller Group Plc., Traffic Prestressed, Suncoast Post-Tension, VSL, and Liuzhou OVM Machinery Co.
Latest Innovations in the Global Post-Tensioning System Market: a Snapshot
- New and innovative structure designs are expected to increase the CAGR of the post-tensioning system market and this approach is followed by many potential companies like Amsysco Inc., Tendon LLC, Bouygues, SRG Global, DYWIDAG, Soletanche Freyssinet.
Post-Tensioning System Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 22.24 Billion|
|Growth Rate||CAGR of 8.7% during 2021-2028|
|Segment Covered||Structure Type, Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, The Middle East and South Africa|
|Key Players Profiled||TMG Global Pte Ltd., BBV Systems GmbH, Amsysco Inc., Tendon LLC, Bouygues, SRG Global, DYWIDAG, Soletanche Freyssinet, Keller Group Plc., Traffic Prestressed, Suncoast Post-Tension, VSL, and Liuzhou OVM Machinery Co.|
Key Segments of the Global Post-Tensioning System Market
Structure Type Overview, 2018-2028 (USD Billion)
- New Structure
- Structure Repairing
Type, 2018-2028 (USD Billion)
Application Industry Overview, 2018-2028 (USD Billion)
- Bridge-Internal Post-Tensioning
- Bridge-External Post-Tensioning
- Energy and Power
- Entertainment Complex
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa