Allied Market Research published a report into post-tensioning systems that reveals how and why the market will grow between 2023 and 2032 on Monday, 20 November.
The post-tensioning market was worth US$12,166.5 million in 2022 and is expected to be worth US$26,880.1 million by 2032. Governments are increasing spending on infrastructure and this is driving the growth, presenting new opportunities in this area.
But, the report says, growth will be held back by a lack of skilled workers.
The bridge-internal post-tensioning segment accounted for just under three-fifths of market revenue in 2022. External post-tensioning, which is used for renovation and repair of older bridges, is a fast-growing area, with a predicted growth rate of 9.6% between 2023 and 2032. And the structure repair segment of the industry is another area of growth, as asset owners increasingly invest in repair and rehabilitation.
