Germany Composite Strengthening Systems Market Size & Outlook
Germany composite strengthening systems market, 2018-2030 (US$M)
Related Markets
Germany composite strengthening systems market highlights
- The Germany composite strengthening systems market generated a revenue of USD 6.5 million in 2023 and is expected to reach USD 10.5 million by 2030.
- The Germany 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.
Composite strengthening systems market data book summary
| Market revenue in 2023 | USD 6.5 million |
| Market revenue in 2030 | USD 10.5 million |
| Growth rate | 7.1% (CAGR from 2023 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, Germany accounted for 4.1% 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.
- UK is the fastest growing regional market in Europe and is projected to reach USD 9.9 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 70.77% in 2023. Horizon Databook has segmented the Germany 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 country is well known for its architectural heritage comprising of many historic structures. This is expected to drive renovation activities to strengthen the structures in order to preserve them.
The refurbishment of an old office building located in Kreuzberg, Germany was also started in May 2023.
The renovation activity plans to preserve the original essence of a building. Therefore, such initiatives are expected to drive the demand for composite strengthening systems in the country.
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Composite Strengthening Systems Market Scope
Composite Strengthening Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany composite strengthening systems market size, by product, 2018-2030 (US$M)
Germany Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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