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Shotcrete Market report categorizes global market by Process (Wet-Mix, Dry-Mix), System (Robotic, Manual), Application, and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025
Shotcrete Market - Insights, Opportunity Analysis, and
Industry Forecast till 2025
Shotcrete is a technique used to pneumatically spray concrete through a hose at
high velocity onto the surface. Factors such as growing underground
construction activities such as tunneling and mining activities and rampant
growth in infrastructure development are factors expected to boost growth of the
shotcrete market during the forecast period (2017–2025). Robotic system
segment is expected to dominate the shotcrete market over the forecast period
and is expected to expand at a CAGR of 9.3% in terms of volume. According to
a study conducted by Coherent Market Insights, the global robotic system
market is projected to reach over 4,137.25 TCM by the end of 2017.
The global shotcrete market size was valued at US$ 5,612.73 million and
19,140.94 TCM in 2016 and is expected. The market is expected to expand at a
CAGR of 8.1% in terms of revenue and 8.3% in terms of volume during 2017 –
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Growing underground constructions activities, to boost the market growth
Europe, followed by Asia Pacific and North America, respectively, accounted
for major share in the global shotcrete market both in terms of revenue and
volume in 2016 and the trend is expected to remain the same over the forecast
period. In 2016, Europe held a share of 36.75% in terms of volume, followed by
Asia Pacific (25.85%). The growing infrastructure development activities in
Asia Pacific to support burgeoning population creates a highly conducive
environment for growth of the market. The recent past has witnessed a spurt in
tunneling activities, rapid urbanization and growing deployment of metro rail
projects, especially in Asia Pacific. According to a study conducted by Coherent
Market Insights, the global underground construction market is expected to
witness a CAGR of 8.2% from 2017 to 2025 which in turn is expected to fuel
growth of the global shotcrete market.
Multinational players need to tap potential addressable market in the
emerging regions with the help of geographical expansion
Major players in the global Shotcrete market include BASF SE, Heidelberg
Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied
Technologies, U.S. Concrete, Mapei, and Normet. Among others.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various recommendations
related to emerging market trends, technologies, and potential absolute dollar
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Tel: +1-206-701-6702
Email: ​[email protected]
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