Global Grouting Equipment Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
An array of tools is available in grouting systems such as mixers and pumps that aid in the efficient transfer of cement mixtures to specific project locations for effective consolidation purposes. The worldwide market for grouting equipment has experienced growth due to improvements in infrastructure advancements, in technology and the increasing use of automation.
Market Key Insights
- The Grouting Equipment market is projected to grow from $2.2 billion in 2024 to $3.7 billion in 2034. This represents a CAGR of 5.5%, reflecting rising demand across Foundation Repair and Maintenance, Oil and Gas Well Operations and Tunneling and Mining Operations.
- The market leaders Atlas Copco, Cemen Tech Inc., Imer International S.p.A. drive the competitive dynamics of this industry.
- U.S. and China are the top markets within the Grouting Equipment market and are expected to observe the growth CAGR of 3.6% to 5.3% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and UAE are expected to observe highest growth with CAGR ranging between 6.3% to 7.6%.
- The market for Grouting Equipment will receive a $200.0 million boost from automation transitions in equipment by 2030.
- The Grouting Equipment market is set to add $1.5 billion between 2024 and 2034, with manufacturer targeting Mining & Tunneling Application Industry projected to gain a larger market share.
- With Technological advancements catalyzing market growth, and Rising infrastructure development fueling demand, Grouting Equipment market to expand 71% between 2024 and 2034.
Opportunities in the Grouting Equipment
The booming offshore energy industry offers prospects for the Grouting Equipment market, which plays a vital role, in setting up offshore wind farms and oil drilling platforms for anchoring and foundational requirements.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Technological Advancements Catalyzing Market Growth, and Applications in Rejuvenating Mature Oil Wells
The increasing pace of urbanization and the heightened focus on building infrastructure have also led to a rising need for grouting equipment in construction projects like skyscrapers and tunnels to enhance safety by filling gaps in structures effectively and ensuring stability, in the construction industry.
Restraint: High Initial Investment
Opportunity: Unearthing Potential in Building Rehabilitation and Transforming Geotechnical applications
Soil stabilization and ground improvement procedures frequently involve the use of Grouting Machinery to support infrastructure developments globally such as building railways or constructing dams and bridges or tunnels – all of which demand soil stabilization efforts – thereby creating fresh opportunities, for the utilization of grouting equipment in these projects.
Challenge: Technological Challenges
Supply Chain Landscape
Bostik Inc.
SIKA AG
Colcrete - Eurodrill
Chemgrout Inc
Atlas Copco
Torqueflow Sydex
Civil Engineering
Mining
Marine Industries
Bostik Inc.
SIKA AG
Colcrete - Eurodrill
Chemgrout Inc
Atlas Copco
Torqueflow Sydex
Civil Engineering
Mining
Marine Industries