Cast-In-Place Concrete Flooring Market size in North America worth $3.1bn by 2026
Published Date: May 18, 2020 Authors: Kiran Pulidindi, Hemant Pandey
Cast-In-Place Concrete Flooring market size in North America is set to exceed USD 3.1 billion by 2026; according to a new research report by Global Market Insights, Inc.
Proliferating construction spending to escalate industry expansion
Rising urbanization coupled with increasing construction spending by regional government bodies to improve infrastructure are positively contributing towards the industry expansion. High disposable income and increasing consumerism are the leading factors that will help in the expansion of the e-commerce industry. Growing demand for increased warehouse spaces along with growing retail industry will positively impact the North America cast-in-place concrete flooring market share.
The construction industry in Canada has been experiencing unprecedented growth over the years, spurred by resource/commodity-based projects and the pressing need to restore large construction projects to expand Canada’s aging infrastructure. These trends will have positive impacts on the product demand as they are widely applicable in the construction of building homes, commercial complexes, and non-residential segments including industrial centers, education hubs, retail shopping centers, etc.
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Cast-in concrete construction technique is subjected external weather conditions. Unexpected weather conditions will delay progress and cold weather can add to the cure time. Furthermore, external conditions such as temperature, wind, humidity, etc., do have a significant impact on the concrete curing time and quality. Such operational complications are likely to hamper the overall North America cast-in-place concrete flooring market size in the coming years.
Browse key industry insights spread across 176 pages with 130 market data tables, 29 figures & charts from the report, “North America Cast-In-Place Concrete Flooring Market Size By Sector (Logistics & Distribution/Warehousing [E-commerce/E-Fulfilment, 3PL Warehousing, Container Storage, Retail/FMCG, Lumber Yard Storage & Manufacturing], Automotive Industry [Assembly, Parts Warehousing], Aviation Industry [Assembly, Hangars & Apron Slabs, Maintenance], Pharmaceutical/Chemical Industry [Factory, Warehousing], Data Centers, Recycling Facilities, Textile [Manufacturing, Warehousing], Food & Beverage [Manufacturing, Warehousing], Heavy Equipment/Construction Equipment Manufacturing & Distribution), By Technique (Prestressed Concrete, Steel Fiber Reinforced Concrete, Traditional Floor), Industry Analysis Report, Country Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Growing food & beverage processing sector
The cast-in-place flooring in food & beverages segment generated revenue over USD 500 million in 2019. High disposable incomes and demographic & societal shifts are key factors for such a revenue generation from this segment. Moreover, North American food halls and restaurants have witnessed a significant rise in terms of unit numbers owing to high consumerism and spending habits. Rapidly changing demographics including population, age, household size, disposable income, and consumer preferences & trends will augment the segment share over the forecast timeframe.
Multiple benefits of steel fiber reinforced concrete flooring will foster demand
Steel Fiber Reinforced Concrete flooring will generate around USD 1.4 Billion in 2026 as they are gaining a higher visibility with their multiple benefits including better crack control, reduced slab costs, reduced construction time, simplified job site operation, no reinforcement placement mistakes, and good impact resistance. Growing utilization of steel fiber reinforced concrete in transportation, manufacturing, warehouses, chemical & pharmaceutical, and food processing industries will propel the industry size.
Strong presence of end user industries will boost the Canada market share
Canada will witness 3.2% CAGR till 2026 in the North America cast-in-place concrete flooring market share owing to the strong presence of end-use industries such as automotive, logistics & distribution industry, and aviation industry, among others. For instance, the Canada automotive manufacturing industry consisted of 1,085 companies with 1,275 facilities and 20 passenger & commercial vehicle plants with 2.4 million units of installed capacity. The presence of strong end-use industries and their growth shall drive the regional demand for North America cast-in-place concrete flooring demand over the coming years.
Expansion of business operations will provide positive outlook for manufacturers
Contractors/manufacturers are investing in the plant expansions, research & development of new techniques and green concrete with lower carbon footprint, boosting the cast-in-situ concrete flooring market. For instance, in July 2018, Skanska USA announced the acquisition of a development site in Tysons, Va., for further expanding their business operations in U.S.
Major players involved in North America cast-in-place concrete flooring market share are CoGri USA Inc., Elevation Flooring, Fluor, Kalman Floor Company, Inc., Koydol, Megaslab, and Skanska, among several others.