Portland, OR, Nov. 16, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the North America shotcrete market garnered $1.2 billion in 2021, and is estimated to generate $2.5 billion by 2031, manifesting a CAGR of 6.8% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Make an Inquiry for Purchasing this Report @ https://www.alliedmarketresearch.com/purchase-enquiry/29298
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.2 billion |
| Market Size in 2031 | $2.5 billion |
| CAGR | 6.8% |
| No. of Pages in Report | 156 |
| Segments covered | Technique, system, equipment, application, and country |
| Drivers | Surge in underground building activities, |
| Growing urbanization due to rapid economic development, | |
| Rising underground transportation, | |
| The technological efficiency of shotcrete, | |
| Rising mining and tunneling activities | |
| Opportunities | Increasing demand for low-cost housing |
| Restraints | Transportation of the concrete mix |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the North America shotcrete market, owing to financial recession in construction industry that has led to unemployment and postponement or cancellation of construction projects.
- The diversion of government budgets toward healthcare sector brought construction projects to halt.
- Social distancing norms and import-export restrictions led to unavailability of raw materials and shortage of labor.
- Operational restrictions and disrupted supply chains negatively impacted shotcrete market size during the pandemic.
- However, with ease in restrictions in the post-pandemic, the demand for shotcrete is likely to increase in the North America.
The research provides detailed segmentation of the North America shotcrete market based on technique, system, equipment, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/29298
Based on technique, the wet mix segment held the highest share in 2021, accounting for nearly four-fifths of the North America shotcrete market, and is expected to continue its leadership status during the forecast period. However, the dry mix segment is expected to register the highest CAGR of 7.0% from 2022 to 2031.
Based on system, the robotic spraying segment accounted for the highest share in 2021, contributing to nearly four-fifths of the North America shotcrete market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the manual segment is expected to manifest the highest CAGR of 7.1% from 2022 to 2031.
Based on equipment, the General Equipment segment accounted for the highest share in 2021, holding around two-fifths of the North America shotcrete market, and is expected to continue its leadership status during the forecast period. However, the special equipment segment is estimated to grow at the highest CAGR of 7.0% during the forecast period.
Based on region, U.S. held the largest share in 2021, contributing to around two-third of the North America shotcrete market share, and is projected to maintain its dominant share in terms of revenue in 2031. On the other hand, the Mexico region is expected to manifest the fastest CAGR of 7.3% during the forecast period.
Leading market players of the North America shotcrete market analyzed in the research include BASF SE, Blastcrete Equipment, LLC., HEIDEL BERGCEMENT, KPM Industries Ltd, LKAB Berg & Betong, MAPEI SPA, REED Shotcrete Equipment, RFI Construction Products, Structural Shotcrete Systems, Inc., and Western Shotcrete Equipment.
The report provides a detailed analysis of these key players of the North America shotcrete market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/north-america-shotcrete-market/purchase-options
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
