The Concrete Work by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Concrete Work, The concrete work market size has grown strongly in recent years. It will grow from $389.89 billion in 2023 to $415.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to construction industry growth, infrastructure development, urbanization, government investments, population expansion.
The concrete work market size is expected to see strong growth in the next few years. It will grow to $549.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to sustainable construction practices, smart cities initiatives, resilience planning, population density challenges, renovation and rehabilitation projects.. Major trends in the forecast period include 3d printing technology, decorative concrete finishes, fiber-reinforced concrete, smart concrete solutions, circular economy practices.
The growing investment in new construction projects is expected to propel the growth of the concrete work market going forward. A construction project is a planned procedure for creating, restoring, updating, retrofitting, or adapting a built asset, such as a building, tunnel, or bridge, to meet a particular business goal. Concrete work is utilized for a variety of construction projects, including the construction of floors, basic foundations, exterior surfaces, superstructures, wastewater treatment facilities, and parking lots or structures. For instance, in January 2023, according to a report published by the U.S. Census Bureau, a primary agency of the United States Federal Statistical System, construction expenditure is expected to account for $1,825.7 billion in 2023, indicating a 5.7% increase from the estimated expenditure of $1,726.6 billion in January 2022. Therefore, the growing investment in new construction projects is driving the growth of the concrete work market going forward.
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The concrete work market covered in this report is segmented –
1) By Type: Dry Or Semi-Dry Concrete, Wet Concrete
2) By Construction Type: Elemental Constructions, Permanent Modular Building, Relocatable Buildings
3) By Application: Structural Building Components, Architectural Building Components, Transportation Products, Waste And Waste Handling Products, Other Applications
4) By End-Use Industry: Residential, Non-Residential
Technological advancements are a key trend gaining popularity in the concrete work market. Major companies operating in the concrete work market are adopting new technologies to sustain their position in the market. For instance, in February 2023, ACC Limited, an India-based concrete producer, developed Coolcrete, a temperature–controlled concrete. The technologically advanced product is designed to control the internal temperature of concrete during mass concreting or large pours by minimizing the heat of hydration. This helps mitigate the risk of thermal cracking and delayed ettringite formation, ensuring the concrete meets the specified temperature limits.
The concrete work market report table of contents includes:
1. Executive Summary
2. Concrete Work Market Characteristics
3. Concrete Work Market Trends And Strategies
4. Concrete Work Market – Macro Economic Scenario
5. Global Concrete Work Market Size and Growth
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26. South America Concrete Work Market
27. Brazil Concrete Work Market
28. Middle East Concrete Work Market
29. Africa Concrete Work Market
30. Concrete Work Market Competitive Landscape And Company Profiles
Top Major Players:
- Baker Construction Enterprises Inc
- Lithko Contracting LLC
- Structural Group Inc
- Largo Concrete Inc
- Suntec Concrete Inc
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