Europe Composite Strengthening Systems Market Size & Outlook
Related Markets
Europe composite strengthening systems market highlights
- The Europe composite strengthening systems market generated a revenue of USD 36.8 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, fiber-reinforced polymer (frp) was the largest revenue generating product in 2023.
- Fiber-Reinforced Polymer (FRP) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 36.8 million |
| Market revenue in 2030 | USD 57.3 million |
| Growth rate | 7.1% (CAGR from 2024 to 2030) |
| Largest segment | Fiber-reinforced polymer (frp) |
| Fastest growing segment | Fiber-Reinforced Polymer (FRP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber-Reinforced Polymer (FRP), Fabric-Reinforced Cementitious Matrix (FRCM) |
| Key market players worldwide | Simpson Strong-Tie Company |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.8% of the global composite strengthening systems market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 114.0 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 73.37% in 2023. Horizon Databook has segmented the Europe composite strengthening systems market based on fiber-reinforced polymer (frp), fabric-reinforced cementitious matrix (frcm) covering the revenue growth of each sub-segment from 2018 to 2030.
The region is home to various developed economies, such as Germany, the UK, Russia, Italy, and France that have well-established construction industries.
According to Euro construct, the total European construction output experienced a growth of 3.0% and 5.8% in 2022 and 2021, respectively, as compared to the previous years.
Furthermore, the countries in the region have rich culture of ancient and historic places such as castles, palaces, town halls, and churches.
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Composite Strengthening Systems Market Scope
Composite Strengthening Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Simpson Strong-Tie Company | View profile | 1001-5000 | Pleasanton, California, United States, North America | https://www.strongtie.com |
Europe composite strengthening systems market size, by country, 2018-2030 (US$M)
Europe Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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