North America Shotcrete Equipment Market; By Application (Protective Coatings, Water Retaining Structures, Underground Construction, and Repair Works); By Techniques Used (Wet mix and dry mix); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Shotcrete is a process for adding concrete to the ground or steeper surfaces, which is pneumatically transferred through the shaft and water poured on to the pump by spraying a steady flow of mixed concrete, sand, and aggregates. The framework layer depends on the job to be conducted. This approach is used mainly in mining, tunneling, construction of the underground, repair, and reconstruction projects.
Fatpos Global anticipates the North American Shotcrete Equipment market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, over the projected timeline the fast expansion of shotcrete technology and raw materials can anticipate rapid growth in the market.
North America Shotcrete Equipment Market: Segments
North America market has been segmented on the basis of product, application, and by location. It has been further segmented by countries into China, India, Japan, South Korea, and Taiwan.
By technique type (in %), North America Shotcrete Equipment Market, 2019
The wet mix segment is anticipated to register XX% of the volume share.
Dry mix segment is poised to grow at a significant CAGR during the forecasted period.
North America Shotcrete Equipment Market is segmented by techniques used into: Wet mix and dry mix.
The wet mix shotcrete procedure has been used most commonly by most of the key players. The benefits of the wet mix shotcrete, such as high tensile strength and greater substrate stability, make it more effective in constructing swimming pools or water holding structures. Therefore, because of their widespread usage and benefit, Wet Mix Shotcrete is the first preference for new competitors. The second optimal investment market for the players is the dry mix shotcrete, as it is used for the reconstruction and repair of damaged structures along with lateral and overhead construction. For projects that have consistent or more stoppages, the dry mix shotcrete process is the best alternative.
North America Shotcrete Equipment Market: Market Dynamics
• Technological performance
The fast expansion of shotcrete technology and raw materials can anticipate rapid growth in the market. Therefore, shotcrete economic and technological performance and market growth will likely be driven by the sustainability of the shotcrete process.
• Lack of skilled labors
The high costs of machines and the availability of raw materials hinder the growth of the market. Moreover, a lack of skilled labor or experts who can operate the system efficiently can restrict market growth.
North America Shotcrete Equipment Market: Regions
In terms of value and volume, North America accounted for XX% of total market volume share in 2019
Rapid urbanization in nations like Canada and Mexico has resulted to an increase in building activity which is driving the growth of the shotcrete equipment industry significantly. The category of subway-built applications accounted for more than half of the market in 2019 and is anticipated to remain dominant during the projected period. The North American market share is driven by rapid advances in shotcrete and availability of raw technology and the rise in tunneling and mining operations. Increase in populations and customer’s demand and evolving lifestyles that result in the building of dams, subways, roads and bridges has created lucrative opportunities for the market growth.
North America Shotcrete Equipment Market: Competitive landscape
Some factors that improve the role in the market of the key players within the limited sprayed market have been the diversified product range, strategically-positioned R&D institutes, the continuous execution of corporate strategy and planning and scientific advancements.
North America Shotcrete Equipment Market: Key Players
• BASF SE (Germany)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Sika AG (Switzerland)
• Cemex S.A.B. de C.V. (Mexico)
• U.S. Concrete, Inc. (U.S.)
• HeidelbergCement AG (Germany).
• Gunform International Limited.
• Lkab Berg &Betong AB.
• Tarmac Building Products Limited
• The Euclid Chemical Company
• Atlas Copco AB
• Other prominent players
North America Shotcrete Equipment market report also contains analysis on:
• North America Shotcrete Equipment Market Segments:
o By technique:
o By application:
Water Retaining Structures
• North America Shotcrete Equipment Market Dynamics
• North America Shotcrete Equipment Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints