Concrete Curing Equipment Market

Concrete curing equipment are mostly used for the construction purposes. It is a set of equipment that usually comprises of immersion heaters, concrete curing tanks, and curing tank heaters. Concrete curing tanks are manufactured using galvanized steel or heavy plastic and they are used for curing of concrete beams, cylinders, and other concrete specimens. This equipment can be used for maintaining moisture condition and water temperature in concrete curing tanks. Also, they provide a protective and stable environment throughout curing, transport, monitoring, and testing processes. They hold major applications in the construction of buildings, highways, and bridges.

COVID-19 Scenario analysis:

COVID-19 pandemic has shut-down the production of various products in the concrete curing equipment industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of concrete curing equipment market significantly from last few months, as is likely to continue during 2020.
COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Drivers, restraints, and opportunities

A surge in construction activities and rise in infrastructure development worldwide are the major factors that is expected to drive the growth of the concrete curing equipment market in the upcoming years. Besides, concrete curing equipment provides a stable and protective environment throughout monitoring, curing, transport, and testing processes which is another key factor that can potentially fuel the growth of the concrete curing equipment market for the next few years. Moreover, growing need for highly efficient and technologically advanced concrete curing equipment will boost the demand for the concrete curing equipment in the market. However, lack of awareness about concrete curing equipment among builders and contractors is a restraining factor that is hindering the market growth. On the contrary, government initiatives to encourage new infrastructure construction projects are anticipated to provide lucrative growth opportunities for the concrete curing equipment market during the forecast period.

Trends in the concrete curing equipment market

A surge in construction activities worldwide

The construction industry worldwide has been constantly gaining pace due to factors like rapid industrialization, urbanization, and a growing population. A massive number of construction activities are being observed in developing countries like China and India due to these factors. Moreover, the governments of China and India are initiating new projects for the infrastructural developments lately. For instance, the ‘Make In India’ initiative introduced by government of India encourages investors to establish manufacturing plants in India. In addition, according to the international construction market survey report of the central government of India has planned to invest $109 billion on construction of new highways and roads for the next five years. Such new initiatives and investments for infrastructural development can create a significant positive impact on the growth of the concrete curing equipment during the forecast period.

New product developments to flourish the market

Increasing tight completion schedules, high strength concrete requirements, and project size will increase the need for highly efficient and technologically advanced concrete curing equipment such as batching and placing equipment. For instance, Gar-Bro Concrete Equipment, a U.S. based company offers advanced concrete placement equipment such as R Series Lightweight Round-Gate Concrete Buckets that are 30-40% lighter than standard buckets, L Series Lightweight Laydown Buckets that can handle large capacities at low loading height, and more. Such advanced product offerings by key market players are anticipated to fuel the growth of the concrete curing equipment market in the upcoming years.

Key benefits of the report:

This study represents the analytical representation of the global concrete curing equipment market combined with the ongoing trends and future predictions to determine investment opportunities.
The present market is thoroughly analyzed to enlighten the concrete curing equipment market growth.
The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global concrete curing equipment market.
Segmentation details of the global concrete curing equipment market.
The report gives a comprehensive global concrete curing equipment market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years.