North America Shotcrete Equipment Market Outlook -2027
The North America shotcrete equipment market size was valued at $612.4 million in 2019, and is anticipated to generate $785.1 million by 2027. The market is projected to experience growth at a CAGR of 4.9% from 2020 to 2027.
Shotcrete is a method of applying concrete by spraying a stream of mixed concrete, sand and aggregates onto a substrate, conveyed pneumatically through a hose and water being added at the nozzle. The layer to be applied depends on the type of work to be done. This method is mainly used in mining, tunneling, underground construction, repair, and restoration works. Architectural structures can also be built because of its workability and negligible formwork advantages.
R&D activities are being conducted to further increase the scope and level of implementation along with improving its properties. Considering the advantages shotcrete offers, it can be used as a substitute to conventional concrete. Increase in the demand for sustainable buildings is expected to fuel the utilization of shotcrete for construction purposes. Domes, uncommon and unique architecture, and complex shaped construction can be easily constructed using shotcrete. The skilled personnel who are certified by various organizations are considered as experts in caring out complex frameworks.
The wet mix shotcrete process is the most widely used shotcrete spraying process till date. The advantages such as high flexibility and increased cohesion to the substrate offered by wet mix shotcrete makes it a more useful process for construction of swimming pools and water holding structures. Therefore, it is expected that wet mix shotcrete will be the first choice for the new entrants, because of its widespread use and benefits. The other ideal sector for investment is dry mix shotcrete, as it is used for repair and restoration of damaged structures along with vertical and overhead works. Dry mix shotcrete process is the best choice for projects, which have continuous or more halts.
The North America shotcrete equipment market is segmented on the basis of various parameters such as technique, system, application, and equipment. Depending on technique, the market is bifurcated into wet mix and dry mix. Based on system of spraying, it is classified into manual spraying and robotic spraying system. Further, the application segment is classified into underground construction, inground swimming pool, water retaining structure, protective coatings, and repair works. The equipment segment is divided into general equipment, auxiliary equipment, and special equipment.
Top players in the market are investing huge capital in R&D activities to develop enhanced products to cater to current demands. Some of the major players in the North America shotcrete equipment market are Mesa Industries, Inc (Airplaco and Gunite Supply), Cemen Tech Inc., SANY GROUP, CCS Group, LLC, RFI Construction Products, Cancrete Equipment Ltd., Reed Shotcrete Equipment, Blastcrete Equipment, LLC., Western Shotcrete Equipment, and Structural Shotcrete Systems, Inc.
By Technique
Wet Mix is projected as the most lucrative segment.
North America Shotcrete Equipment Market, By Technique
Based on technique, wet mix holds highest shotcrete equipment market share in 2019. It is the most popular process used in mechanical tunneling and mining.
By System
Robotic Sparying is projected as the most lucrative segment.
North America Shotcrete Equipment Market, By System
By system, the robotic spraying segment is expected to lead the global market for shotcrete equipment during the forecast period. This is the most efficient method for projects that require large amounts of shotcrete.
By Application
Underground construction is projected as the most lucrative segment.
North America Shotcrete Equipment Market, By Application
By application, the underground construction segment has garnered the highest market share and this trend is projected to continue during the forecast period due to increase in infrastructural developments, rapid advancements in technology and raw materials, and growing need for transportation & underground excavations.
By Equipment
General Equipment is projected as the most lucrative segment.
North America Shotcrete Equipment Market, By Equipment
By equipment, the general equipment segment holds the largest North America shotcrete equipment market share. General shotcrete equipment is used in a range of applications, such as canal lining & re-lining, concrete dome construction, artificial rock construction, and concrete wall construction.
By Country
U.S. holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
North America Shotcrete Equipment Market, By Country
By country, U.S. holds a dominant position in 2019 and would continue to maintain the lead during the forecast period.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the North America shotcrete equipment market trends along with the current and future market forecast.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the North America shotcrete equipment industry for strategy building.
- A comprehensive North America shotcrete equipment market analysis covers factors that drive and restrain the market growth.
- The qualitative data in this report aims on market dynamics, trends, and developments.
Impact Of Covid-19 On The North America Shotcrete Equipment Market
- Already the entire world is battling the virulent COVID-19 pandemic. Today we are witnessing the disease's boundless global spread. Unfortunately, it affects any one of us, either directly or indirectly.
- The outbreak of Coronavirus took place in November 2019 and soon spread worldwide. It easily turned into a pandemic and has impacted the whole world, affecting human lives economically as well as on personal levels.
- The demand supply change was disrupted and soon the economies fell down crashing the stock markets. The building and construction segment also took a hit in the process and came to a complete stop.
- The above factors have impacted the growth of the North America shotcrete equipment market.
North America Shotcrete Equipment Market Report Highlights
| Aspects | Details |
 By Technique |
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 By System |
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 By Application |
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 By Equipment |
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 By Region |
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 Key Market Players | RFI CONSTRUCTION PRODUCTS, CCS GROUP, LLC, SANY, CEMEN TECH INC., MESA INDUSTRIES, LCC., STRUCTURAL SHOTCRETE SYSTEMS, INC., BLASTCRETE EQUIPMENT, LLC., REED SHOTCRETE EQUIPMENT, CANCRETE EQUIPMENT LTD., WESTERN SHOTCRETE EQUIPMENT |
Analyst Review
The North America shotcrete equipment market is anticipated to grow at a considerable rate during the forecast period, owing to rise in demand from end users, especially from the Canada and Mexico. The continuous technological advancements also positively impact the North America shotcrete equipment market. However, the overall slowdown in the construction industry in the U.S. is expected to hinder the market growth. Moreover, the impact of COVID-19 on the region has been large and thus the market is affected by it. For next few years, the impact is anticipated to seen on the shotcrete market; however, it will soon be restored once the building and construction sector resumes working.
The North America shotcrete equipment market was valued at 612.4 Million in 2019
Mesa Industries, Inc, Cemen Tech Inc., SANY GROUP, CCS Group, LLC, RFI Construction Products, Cancrete Equipment Ltd., Reed Shotcrete Equipment, and Blastcrete Equipment are the top players in North America shotcrete equipment market.
Underground construction, inground swimming pool are the major areas of development for North America shotcrete equipment market.
Construction industry is projected to increase the demand for North America shotcrete equipment market.
R&D activities are being conducted to further increase the scope and level of implementation along with improving its properties are propelling the growth of the North America shotcrete equipment market.
Based on technique wet mix segment is the most influencing segment in the North America shotcrete equipment market
Construction segment is expected to lead the North America shotcrete equipment market during the forecast period
Inground swimming pool, water retaining structure, protective coatings, and repair works applications are expected to drive the adoption of shotcrete
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