Austria Composite Strengthening Systems Market Size & Outlook
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Austria composite strengthening systems market highlights
- The Austria composite strengthening systems market generated a revenue of USD 1.0 million in 2023 and is expected to reach USD 1.4 million by 2030.
- The Austria market is expected to grow at a CAGR of 6.2% 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 1.0 million |
| Market revenue in 2030 | USD 1.4 million |
| Growth rate | 6.2% (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, Austria accounted for 0.6% 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 70% in 2023. Horizon Databook has segmented the Austria 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.
Austria accounted for USD 1.0 million revenue in 2023, which is expected to reach USD 1.4 million by 2030.
The majority of buildings present in Austria are built before 1919, which are prone to fire hazards, low structural reinforcement, and high corrosion.
Thus, composite strengthening systems are used for increasing the structural bearing capacity of joists, beams and columns, thereby driving the market growth.
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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 |
Austria composite strengthening systems market size, by product, 2018-2030 (US$M)
Austria Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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