Sweden Composite Strengthening Systems Market Size & Outlook
Related Markets
Sweden composite strengthening systems market highlights
- The Sweden composite strengthening systems market generated a revenue of USD 1.8 million in 2023 and is expected to reach USD 2.6 million by 2030.
- The Sweden market is expected to grow at a CAGR of 6.9% 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.
Composite strengthening systems market data book summary
| Market revenue in 2023 | USD 1.8 million |
| Market revenue in 2030 | USD 2.6 million |
| Growth rate | 6.9% (CAGR from 2024 to 2030) |
| Largest segment | Fiber-reinforced polymer (frp) |
| Fastest growing segment | Fiber-Reinforced Polymer (FRP) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Sweden accounted for 1.1% of the global composite strengthening systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany composite strengthening systems market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10.5 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the Sweden 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 growing construction sector in the country is fueling the market growth. According to the European Construction Industry Federation, China’s reopening trade of construction raw material is expected to speed up the growth of construction industry of Sweden in 2024.
Along with that, as Sweden’s central bank, Riksbank, will cut down the interest rates related to home loans household consumption is expected to pick up.
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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 |
Sweden composite strengthening systems market size, by product, 2018-2030 (US$M)
Sweden Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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