Saudi Arabia Post-Tensioning Market is Expand at a robust 2.6% CAGR during forecast period 2020-2027 | Size & Research Report

Saudi Arabia Post-Tensioning Market

The Saudi Arabia Post-Tensioning Market is estimated to grow at a CAGR of 2.6% over the forecast period (2020-2027).

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The factors driving growth of the Saudi Arabia Post-Tensioning Market includes increasing application of post-tensioning techniques for constructing buildings & offices, parking facilities and bridges, rapid industrialization, growing disposable incomes and improvements in the living standards. For instance, under the Vision 2030, the Government of Saudi Arabia has planned to invest around USD 23bn for Riyadh Metro, a massive urban transport, covering 176 km of rail length, which is expected to accelerate the Saudi Arabia Post-Tensioning Market size in the approaching years. Moreover, technological advancements in post-tensioning techniques, strict regulations imposed by governing bodies mandating the use of post tensioning and rise in the launch of new products, are some of the additional factors supplementing the market growth. Post tensioning offers benefits such as enhanced performance, less maintenance, faster construction and saves materials, are pushing the market growth. In addition, the increasing investments by leading players on research and development, strategic partnerships and collaborations between major corporations, and rising population growth rates, are further contributing towards the market growth. 

However, growth of the Saudi Arabia Post-Tensioning Market is hindered attributed to its high procurement cost.

The major players operating in the Saudi Arabia Post-Tensioning Market are E-Force, CCL KSA, e-solution, VSL Middle East KSA, Elemka A.E., Dextra Group, Kabbani Construction Group, Freyssinet Saudi Arabia, Amsysco Inc., DYWIDAG-Systems International Saudi Arabia LLC and Hevilifts Limited, among others.

Based on Type, the Unbonded segment is predicted to expand at a significant CAGR during the forecast period Increasing use of unbonded post-tensioning solutions for the construction of bridges and buildings

unbonded post-tensioning solutions offer benefits such as installation flexibility, minimizes concrete cover, enhanced fire performance and simplified prefabrication of tendons, which are segment's growth.

Based on Application, the Building, Bridge segment is projected to grow at a remarkable CAGR over the forecast period

Post-tensioning solutions are increasingly used in the parking structure because it offers high degree of flexibility in column length, ramp configuration, and span length, is the major factor propelling the segment's growth.

Key Development

In 2017, Dextra received a contract to supply steel ground anchors installed through the retaining wall for excavation works in Riyadh Metro station. Also, Bartec rebar couplers provided for the works in the stations.

Market Segmentation

Segmentation by Type

Unbonded
Bonded

Segmentation by Application

Building, Bridge
Energy & Power Industry
Others

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