Concrete Vibrator Market Is Booming Worldwide with Enarco, Oztec, Multiquip
| Attributes | Details |
| Study Period | 2019-2028 |
| Base Year | 2022 |
| Forecast Period | 2023-2029 |
| Volume Unit | K Units |
| Value Unit | USD (M) |
| Dominating Type | Internal Vibrators |
| Dominating Type % Share | 46.9% |
| Customization in Scope | Get customization with purchase of Concrete Vibrator Market study. Add or modify country, region & or get a further breakdown in segments in the final deliverable subject to feasibility |
Concrete Vibrator Market Key Business Segments:
By Type:
- External Vibrator
- Internal Vibrator
- Others
- Architectural Engineering
- Dam engineering
- Mine and Well engineering
- Others
- Growing Adoption of Steel/Concrete Core Wall System (Advanced Reinforced Cement Concrete): Couple of decades ago, load-bearing construction techniques were mainly used across the globe, under which, a load bearing wall transfers the loads form slabs above it to the foundation’ which also requires comparatively less concrete due to use of masonries such as bricks and stones, thus the need concrete vibrators was minimal. In recent years, the use of reinforced cement concrete, also known as steel and concrete core wall structures, has dramatically increased throughout the world’s construction industry.
- The amount of concrete used for RCC techniques is significantly higher than the conventional load bearing system. As a result, both internal and external concrete vibrators have seen increased use in recent years. Introduction to Control Flow Concrete in Complex Construction Applications Due to increasing infrastructural development, the need for complex construction applications has been raised across the globe especially from the developing economies. Thus, the use of internal as well as external concrete vibrators has been increased to minimize the possibility of air gaps in the build structures. On the other hand, use of control flow concrete has also increased the use of external vibrators as compared to internal vibrators.
- Increasing Demand for High Frequency Concrete Vibrators to Minimize Voids and Air Gaps The likelihood of air gaps or holes can often be seen since the need for complicated building applications has grown all over the planet. High frequency concrete vibrators are used to reduce these, which also improves the quality and aesthetics of the same concrete building. Additionally, vibrators are used to form concrete buildings correctly and to their fullest strength. Furthermore, these vibrations and liquefaction assists in reducing the air bubbles. Growing Demand for Concrete Vibrators in Housing Applications Over the past few decades, housing industry experienced increasing adoption of steel based RCC frameworks in designing houses.
- Increased investments in household sector development will also result from rising disposable incomes among the world’s population. In contrast to developed economies, the housing sector has experienced profitable growth in developing countries. For instance; according to India’s brand equity foundation, the Indian real estate sector has witnessed highest growth in recent times with the rise in demand for office as well as residential spaces. In addition to this, Real estate industry in India is predicted to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025. Thus, with increasing housing construction the demand for concrete vibrators will ultimately increase.
- Demand for concrete vibrators is predicted to stagnate due to growing use of modular construction: The use of modular building has increased, particularly in developed countries, due to the time-consuming nature of conventional construction methods and the shortage of available space. A building or factory that uses modular construction is created from pre-engineered building units, which are typically made of PVC or other polymer materials. The housing, health, and education sectors will use modular structures most frequently in the next years because to a lack of available space. Under the Priority School Building Programme (PSBP), the UK builds the over 450 new classrooms and schools that are needed each year. The demand for concrete has decreased as a result.
- It will ultimately minimize the business growth of concrete vibrators and others construction equipment. Upsurging Construction Tariffs and Labour Shortage Increasing construction tariffs as well a raw material costs might hamper the demand for construction equipment such as concrete vibrators. According to the report published, the construction industry dropped over 2 million jobs during the economic crisis and has failed to recover employment back to pre-recession rates.
- Robust Growth of Construction Industry from Developing Economies: The construction and infrastructure industry has started tapping the untapped regions across the globe, especially the developing countries like India, China and many others due to the availability of feasible development environments. The construction industry growth is leading to considerably participate in national socio-economic development by creating the infrastructure and productive facilities. According to World Bank Report developing countries are investing around 30% of GDP on gross fixed capital formation. Thus, between2010 and 2017, the investment ratio for China and India averaged 44% and 31% respectively, and for the East Asia and Pacific countries grouping (excluding high income countries) it was 40.6%.
- Upsurging Investments in Transport Infrastructure Development About ten years ago, housing development accounted for more than half of global construction spending. Recently, however, this percentage has decreased due to a sharp rise in infrastructure spending in both developed and developing countries. Therefore, roads, bridges, and flyovers will continue to be the most crucial components of the traffic system in the future, ensuring a high level of mobility for both the transportation of people and goods.
- HTF Market Intelligence has followed a focused and realistic research framework for Concrete Vibrator Market that provides the ability to study the relevant market dynamics in various regions across the globe. Additionally, our experts do thorough analyses of specific geographic areas in order to give customers and companies the chance to compete in Concrete Vibrator Market niche markets and grow in developing nations.
- Global Concrete Vibrator market study also showcases the changing players’ dynamics impacting the market’s growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players of the Concrete Vibrator industry competing to increase their market share and presence.
- Primary Data Collection Methods: Industry participants and appointees, subject-matter experts, and C-level executives of the Concrete Vibrator Industry are used to collect primary data for the Concrete Vibrator Market study using InMail, LinkedIn Groups, Survey Monkey, Google, and other professional forums.
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