Global Sprayed Concrete Machines
Market Report
2024
The Global Sprayed Concrete Machines market size is USD 7.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Sprayed Concrete Machines market size is USD 7.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Sprayed Concrete Machines Market Sales Revenue 2023 | $ 7.8 Billion |
Global Sprayed Concrete Machines Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Market Split by Application | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Sprayed Concrete Machines Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The upsurge in demand from commercial and non-commercial construction also drives the need for sprayed concrete. Sprayed concrete is one perfect solution to construct a swimming pool. The flexibility of this concrete material allows the construction of concrete swimming pool structures in all shapes and sizes. The rising demand for sprayed concrete, both commercial and non-commercial construction, is anticipated to drive market growth. An increasing supply of materials such as water and gas oil and sprayed concrete is highly used for tunnel systems such as tunnel walls, lining, and underground tunnel construction.
For instance, European Union policies have chosen to upgrade the Trans-European Road Network (TREN) to improve interstate transport. Because of this, around 2100 kilometers of tunnels will be built in Europe by 2030.
(Source:www.europarl.europa.eu/RegData/etudes/BRIE/2022/729314/EPRS_BRI(2022)729314_EN.pdf)
The sprayed concrete machines market is witnessing substantial growth due to a notable increase in R&D investments by key industry players. These investments are driving innovation and technological advancements in sprayed concrete equipment, resulting in improved efficiency, durability, and safety in construction projects. As a result, the market is experiencing heightened demand for these machines, particularly in the construction and mining sectors. This upward trend underscores the importance of ongoing research and development efforts by industry leaders, contributing to the sector's expansion and ensuring the delivery of state-of-the-art equipment to meet evolving industry needs.
For instance, in February 2021, Sika launched a new recycling procedure for old concrete where old concrete is distributed into portions of sand, stone and limestone by a straightforward and efficient process, which also binds around 60 kg of CO2 per crushed material. With the brand reCO2ver, the renaming will considerably decrease the environment for the construction industry.
(Source:gcc.sika.com/en/media/media-releases/2021/sika-achieves-breakthrough-in-concrete-recycling.html)
Key players in various industries employ diverse strategies to bolster their market positions. Market expansion is a common approach involving geographical diversification or targeting new customer segments. Product diversification mitigates risks by offering a wider range of products or services. Mergers and acquisitions enable access to new technologies and markets. Innovation and ongoing R&D investments lead to product improvements and differentiation. Cost leadership strategies focus on operational efficiency and competitive pricing.
For instance, in March 2019, Sika agreed to acquire King Packaged Materials Company, a large independent Canadian manufacturer of dry-sprayed concrete and mortars for concrete repair. With the acquisition, Sika will further expand its geographical footprint in Canada and improve its growth potential in the home improvement, construction, mining and tunneling markets.
(Source:finance.yahoo.com/news/sika-acquires-leading-canadian-manufacturer-060201275.html)
The major restraint observed in the growth of the sprayed concrete market is the lack of skilled laborers for different construction activities. All retail and residential builders face deficiencies in labor. During the recession, numerous skilled construction employees left the industry when they saw work was tough. And those who enter the workforce don't believe in the field of construction. The issue has reached such a broad scale that the stunted development in the industry has forced the builders to financial issues.
The COVID-19 pandemic negatively impacted the economy, affecting the global trade. The COVID-19 pandemic affected various industries, and the sprayed concrete market has experienced a negative impact owing to the financial recession in the construction enterprise that has led to unemployment and postponement or revocation of construction projects. Various countries are facing this impact, creating uncertainty and unrest. The diversion of government budgets toward the healthcare sector brought construction projects to a halt. Social distancing norms and import-export restrictions led to the unavailability of raw materials and a shortage of labor. Hence, operational limits and disrupted supply chains negatively impacted the sprayed concrete market during the pandemic.
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The market for sprayed concrete machines has a very active and diverse competitive environment. The sprayed concrete market is moderately competitive with the presence of local as well as global companies. The major players are adopting several growth strategies, such as product launches, acquisitions, and collaborations, which are contributing to the growth of the sprayed concrete market globally.
In January 2019, BASF launched its Global Virtual Design and Construction Resource Center, which delivers BIM digital content and digital construction tools to assist with product selection, specification and usage. The VDC Resource Center brings jointly a global network of construction professionals with architectural, engineering and contracting backgrounds who can help consumers, planners and architects with consultation and access to the whole construction chemicals portfolio of BASF.
(Source:www.basf.com/global/en/media/news-releases/2019/01/p-19-119.html)
In November 2017, GCP Applied Technologies established two unique cement active ingredients with the goal of enhancing performance while decreasing prices. Opteva HE quality improvers and Tavero VM grinding aids. Opteva HE is planned to improve early strength and is targeted at 'challenging' cements.
(Source:www.globalcement.com/news/item/6785-gcp-applied-technologies-launches-new-cement-additives)
Top Companies Market Share in Sprayed Concrete Machines Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Europe dominated the market in 2023 and accounted for a stake of more than 35% of the global revenue due to the growing usage of sprayed concrete in tunneling and mining activities in this region. The region's focus on worker safety and reducing the environmental impact of construction projects has led to increased adoption of advanced sprayed concrete machines. These machines offer precise application, minimizing material waste and dust emissions and aligning with European construction industry standards and sustainability goals, thereby propelling market growth.
Asia Pacific is the fastest-growing category due to rapid urbanization and infrastructure development. With growing populations and urban centers, there's a heightened demand for efficient and cost-effective construction methods. Sprayed concrete machines enable quicker and more precise construction, making them essential in meeting the region's infrastructure needs, including transportation, housing, and industrial projects, thereby fueling market growth.
The current report Scope analyzes Sprayed Concrete Machines Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Sprayed Concrete Machines Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Sprayed Concrete Machines Industry growth. Sprayed Concrete Machines market has been segmented with the help of its , Application , and others. Sprayed Concrete Machines market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the wet mix sprayed concrete process drives the market growth. In the wet mix process, the water content is controlled more precisely as the process involves mixing all ingredients with the required water content. The wet mix shotcrete process is highly preferred in the shotcrete concrete market. For the wet mix, the combination of cement, mortar, and sprayed concrete admixture is applied with water. Spraying operation is easy due to the fact that the mixture is prepared before. In this process, the admixtures can be counted as per the procedure essential, and the air consumed is less.
The dry-mix shotcrete process is the second-most used product due to the growing demand for efficient and cost-effective construction methods, particularly in infrastructure development and underground projects, as the dry-mix shotcrete process offers faster construction and reduced material wastage while maintaining structural integrity.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sprayed Concrete Machines Industry. Request a Free Sample PDF!
According to Cognitive Market Research, water retaining structures drive the market as these structures, such as reservoirs, dams, and water tanks, require precise and durable sprayed concrete application. As water management becomes more critical due to population evolution and climate change, the demand for efficient construction techniques to create robust and leak-resistant water-retaining structures grows, boosting the market.
Underground construction is the fastest-growing category as shotcrete is widely utilized to process underground structures, as concrete spraying can be accomplished from a safe space. The underground space consequence is susceptible to severe geological conditions, toxic gas outbursts, high-ground stress, and rock blasts. Shotcrete is a famous method for the installation of enduring structural lining for non-uniform surfaces in underground construction.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Sprayed Concrete Machines Market is witnessing significant growth in the near future.
In 2023, the segment accounted for noticeable share of global Sprayed Concrete Machines Market and is projected to experience significant growth in the near future.
The segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Sika AG (Switzerland) , M-con Products Inc. (US.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Application | |
List of Competitors | Sika AG (Switzerland), Conmix Ltd (UAE), M-con Products Inc. (US.), Wieser Concrete (U.S), Rockbond SCP (UK.), HeidelbergCement. Group (Germany), lementbau Osthessen GmbH & Co (Germany), ELO KG (Germany), Hi-Con (India), Metalco SRL (India), KPM Industries Ltd. (Canada), GCP Applied Technologies, Inc., (US.), Mapei S.p.A (Italy), Saint-Gobain (France), Gulf precast concrete (UAE), MC-Bauchemie (Germany), US Concrete (US.) |
This chapter will help you gain GLOBAL Market Analysis of Sprayed Concrete Machines. Further deep in this chapter, you will be able to review Global Sprayed Concrete Machines Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Sprayed Concrete Machines market
Chapter 11 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why have a significant impact on Sprayed Concrete Machines market? |
What are the key factors affecting the and of Sprayed Concrete Machines Market? |
What is the CAGR/Growth Rate of during the forecast period? |
By type, which segment accounted for largest share of the global Sprayed Concrete Machines Market? |
Which region is expected to dominate the global Sprayed Concrete Machines Market within the forecast period? |
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Country level Data Customization |
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Company Level |
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Additional Quantitative Data |
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