Global Shotcrete Machine Market To Reach USD 2.8 Billion By 2020

Date: 2016-11-10

The growing construction of undergrounds and other constructions remain as the key driving factor to growth for the Shotcrete Machine; in addition, rapid technological developments in shotcrete also fuel the growth of the shotcrete/sprayed concrete market, according to research, global Shotcrete Machine Market is expected to reach USD 2.8 Billion by 2020.

Geographically, Europe is the largest market for shotcrete, which accounted for 34% share of the overall market size, in terms of value, in 2015. This large market share is attributed to rapid developments in shotcrete technology and raw materials, and increase in tunneling and mining activities. Asia-Pacific is the fastest-growing market, in terms of value, owing to rise in population and increase, consumer preferences, and urban lifestyle.

On the basis of application, the underground construction is the largest as well as fastest-growing application of the shotcrete/sprayed concrete market, followed by water retaining structures, repair works, protective coatings, and others (free formed structures and new constructions). Growth in underground constructions is primarily driven by increasing urbanization, fast growing economic development, underground construction, and transportation facilities, mainly in developing countries such as India, the Philippines, Egypt, and Indonesia.

Global top Shotcrete Machine manufacturers are Sika AG (Switzerland), HeidelbergCement AG (Germany), Cemex S.A.B. de C.V. (Mexico), KPM Industries Ltd. (Canada), LKAB Berg & Betong AB (Sweden), Quikrete Companies Inc. (U.S.), U.S. Concrete, Inc. (U.S.), and LafargeHolcim (Switzerland), among others.

Shotcrete Machine market share by region as following:

shotcrete-machine

Read Full Report: http://www.gosreports.com/global-shotcrete-machine-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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