August 28, 2020
According to the research report titled ‘North America Cast-In-Place Concrete Flooring Market Size By Sector, By Technique, Industry Analysis Report, Country Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report LLC, North America cast-in-place concrete flooring market is poised to amass exponential growth during 2020-2026.
Increasing establishment of warehouses and distribution center space, fast growing textile industry, and rise of food & beverage sector are likely to drive the growth of North America cast-in-place concrete flooring industry in the coming years. Also, surging retail & FMCG industry in North America and revival of the U.S. & Canadian construction sector will contribute to the market growth. However, economic slowdown in the U.S. and Canada as well as operational issues related to cast-in-place concrete construction are expected to restrain the market growth to some extent.
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Beneficial properties such as durability, effectiveness, and fast strength gain enable cast-in-place concrete flooring to be stripped and used again after positioning. Cost-effectiveness and durability of the is encouraging its usage in residential and commercial spaces, thereby impelling the market growth.
With regards to the sector, cast-in-place concrete flooring market in North America is segmented into food & beverages, heavy equipment/construction equipment manufacturing & distribution, textile, data centers, recycling facilities, pharmaceutical/chemical industry, automotive industry, aviation industry, logistics & distribution/warehousing, and others. Among these, the automotive segment contributed 19.6% to the market share in 2019 and is expected to witness a CAGR of 2.7% through 2026.
Based on technique, North America cast-in-place concrete flooring industry is categorized into traditional floor, steel fiber reinforced concrete, and prestressed concrete. The report cites that traditional cast-in-place concrete flooring segment held 47% industry share in 2019 and is poised to show appreciative growth during the forecast period, mainly due to escalating demand for end-use industries.
As per regional overview, Northwest U.S. cast-in-place concrete flooring market is likely to exhibit a growth rate of 2.3% over 2020-2026, owing to strong economy, increasing consumer industries, and growing exports in the region.
Key players operating in North America cast-in-place concrete flooring market are Proform Management Inc., Elevation Flooring, USA Renovations, Fluor Corporation, MEGASLAB Inc., CoGri USA Inc., Kalman Floor Company Inc., and Skanska USA.