Concrete Curing Equipment Market Overview:
The Concrete Curing Equipment market analysis provides a comprehensive picture of the competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Concrete Curing Equipment Market, as well as the causes for variances in the industry's growth in various places.
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Concrete Curing Equipment Market size was valued at US$ 688.51 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 8.7% through 2021 to 2027, reaching nearly US$ 1,234.57 Bn.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Drivers:
The following factors are responsible for the concrete curing equipment market's expansion: Along with rising government initiatives supporting quick infrastructure development, rising global demand for cement concrete roads, and rising infrastructure development around the world, concrete curing equipment has advanced in terms of functionality and technology. As project sizes increase, completion dates become more constrained, and high-strength concrete standards become more stringent, there will be a greater need for technologically advanced and high-efficiency concrete curing equipment, such as placing and batching equipment. Concrete drying technology is being used more frequently by contractors and builders to meet the growing demand for quicker construction. This should increase demand on the international market.
Segmentation:
Concrete curing tanks, moisture room control panels, curing tank heaters, moist cabinets, and humidity metres are the market segments based on product type. By 2027, the Concrete Curing Tanks segment is anticipated to command the largest market share. Concrete's strength and durability are significantly affected by curing. Curing is the process of preserving the ideal moisture and temperature conditions for protracted periods of time, both at depth and close to the surface, after the concrete has been placed and finished.
The surface hardness and wear and abrasion resistance of properly cured concrete are higher. Curing also increases concrete's impermeability, increasing the material's durability and service life by preventing the penetration of moisture and water-borne pollutants.
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Key Players:
The entire procedure comprises a review of the financial records of the important market participants. Following an evaluation of the total market size, the market was divided into many divisions and sub-segments, which were confirmed by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Concrete Curing Equipment market are as follows:
• Gilson Company, Inc.
• Humboldt Mfg. Co.
• Portland Cement Association
• WATTCO INC.
• Apollo Inffratech Pvt. Ltd.
• Johnson Concrete Curing Systems
• Hawkeye Pedershaab
• CDS-Group
• Kraft Curing Systems GmbH
• D M Instruments
• Shri Balaji Scientific Works
• Ohmkar Equipments
• Micro Technologies
• Aimil Ltd.
• Hot King Instruments Company
• Others
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Concrete Curing Equipment market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Concrete Curing Equipment Market:
Due to a break in operations, end-user sectors where Concrete Curing Equipment are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Concrete Curing Equipment manufacturers, affecting the development of the Concrete Curing Equipment market in 2020. End-user business demand for Concrete Curing Equipment has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Concrete Curing Equipment Market Report are:
- Which segment had the largest share in the Concrete Curing Equipment market in 2020?
- What is the competitive landscape of the Concrete Curing Equipment market?
- Which are the key drivers aiding the Concrete Curing Equipment market growth?
- Which region has the maximum share in the Concrete Curing Equipment market?
- What will be the CAGR of the Concrete Curing Equipment market during the forecast period (2021-2027)?
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