North America Cast-In-Place Concrete Flooring Market – Growth Drivers, Opportunities and Forecast Analysis

The North America cast-in-place concrete flooring market is expected to witness a substantial growth by 2027 owing to the increasing number of construction-related activities in the region. Cast-in-place concrete is a building method that involves shaping the concrete slurry with a temporary formwork until it hardens.
This construction technique provides various benefits such as high strength, resistance to structural damage, and superior insulation that promotes its adoption across various industry verticals.
Due to constant industrialization and expansion of global enterprises, there has been a surge in demand for the cast-in-place concrete solutions for the construction of new warehouses, storage facilities, factories, and retail outlets among others. This trend would be most notably bolstering the market growth over the forecast period.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/4659
The mounting construction demand has prompted many key industry players to adapt to the favorable market trends by revising their business strategies. To cite an instance, in May 2021, Fluor Corporation announced major investment deal of USD 20 Million from Japanese IHI Corporation towards NuScale Power LLC.
Fluor Corporation, a key investor in NuScale Power LLC mentioned that the newly formed collaboration with IHI corporation will enhance the supply design and heavy manufacture of steel plate reinforced concrete wall constructions.
The North America cast-in-place concrete flooring market is bifurcated based on sector, technique and country.
In terms of sector, the market is further divided into logistics & distribution/warehousing, automotive industry, aviation industry, pharmaceutical/chemical industry, data centers, recycling facilities, textile, food and beverage, heavy equipment/construction equipment manufacturing & distribution and others.
Request for customization @ https://www.gminsights.com/roc/4659
The automotive sub-segment held a significant market share of 19.5% in 2020 and is expected to grow at a CAGR of around 4.4% during the assessment period.
Additionally, the aviation industry segment of the cast-in-concrete flooring market is anticipated to expand at a CAGR of over 4.6% through the forecast timeframe.
Data centers segment achieved a considerable market share of over 1.5% in 2020 and is projected to grow at a CAGR of almost 5.3% over the projected timeline. The recycling facilities segment that is expected to grow at a CAGR of 5.5% over the projected timeline.
The heavy equipment/construction equipment manufacturing & distribution segment accounted for over 3.7% of the market share of the cast-in-place concrete flooring market in 2020. Notably, the others segment is projected to grow at a CAGR of 4.6% over the analysis time period.
With respect to technique, the market for cast-in-place concrete flooring is categorized into prestressed concrete, steel fiber reinforced concrete, and traditional floor. The traditional floor sub segment attained a staggering share of almost 79% of revenue in 2020 on account of rising demand for traditional cast-in-place concrete flooring in the end-use industries over the coming years.
From the geographical perspective, Midwest U.S. market is expected to exhibit a significant CAGR of around 5.3% over the forecast timeframe as a result of favorable economic conditions, growing exports, and expanding consumer markets.