Market Size of North America Repair and Rehabilitation Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Repair & Rehabilitation Market Analysis
The North American repair and rehabilitation market are projected to register a CAGR of over 5% during the forecast period.
The construction of residential and non-residential segments was heavily impacted by the lockdown during the COVID-19 pandemic, which decreased the consumption of repair and rehabilitation products in North America. Following the continuous operation of major end-user sectors, the market grew steadily.
- The increasing construction activities in the United States and the growing demand for effective and reliable repair and rehabilitation treatments for complex structures forecast market demand in the short term.
- However, the lack of skilled labor will likely challenge the industry over the forecast period.
- Nevertheless, the increasing use of composites as a substitute for conventional materials in industrial operations is the blooming opportunity for North America's repair and rehabilitation market.
- United States is expected to dominate North America's repair and rehabilitation market and is also likely to witness the highest CAGR during the forecast period.
North America Repair & Rehabilitation Industry Segmentation
Repair and rehabilitation are the processes of restoring an old or damaged building to its original state via the utilization of injection grouting materials, mortars, fiber wrapping systems, and other materials. The North American repair and rehabilitation market is segmented by product type, sector, and geography. By product type, the market is segmented into open injection grouting materials, modified mortars, fiber wrapping systems, rebar protectors, micro-concrete mortars, and other product types. By sector, the market is segmented into commercial, industrial, infrastructure, and residential. The report also covers the market size and forecasts for the North American repair and rehabilitation market in three major regional countries. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).
Product Type | ||||
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Rebar Protectors | ||||
Micro-concrete Mortars | ||||
Others |
End-User Sectors | |
Commercial | |
Industrial | |
Infrastructure | |
Residential |
Geography | |
United States | |
Canada | |
Mexico |
North America Repair and Rehabilitation Market Size Summary
The North American repair and rehabilitation market is poised for significant growth, driven by increasing construction activities and the demand for effective treatments for complex structures. The market experienced a downturn during the COVID-19 pandemic due to lockdowns affecting residential and non-residential construction. However, it has since rebounded as major end-user sectors resumed operations. The United States is expected to lead the market, benefiting from a steady rise in residential development and foreign investment. The use of composites as alternatives to traditional materials presents a promising opportunity, despite challenges such as a shortage of skilled labor.
In the residential sector, repair and rehabilitation efforts are focused on enhancing the strength and aesthetics of buildings using various materials like mortars and concrete. The demand for these products is anticipated to grow, fueled by factors such as population growth, urban migration, and the increasing preference for single-family homes. In Canada, new residential developments are on the rise, supported by a robust economy and low-interest rates. The need for housing, driven by immigration and an expanding middle class, further propels the market. The United States also faces a significant need for repair and rehabilitation, with a large number of bridges requiring attention. Major industry players, including BASF SE, SIKA AG, and MAPEI Corporation, are actively contributing to market growth through strategic expansions and acquisitions.
North America Repair and Rehabilitation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Construction Activities in the United States
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1.1.2 Growing Demand for Effective and Reliable Repair and Rehabilitation Treatments for Complex Structures
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1.2 Restraints
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1.2.1 Lack of Skilled Labors
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Product Type
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2.1.1 Injection Grouting Materials
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2.1.1.1 Cement-based
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2.1.1.2 Resin-based
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2.1.2 Modified Mortars
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2.1.2.1 Cement-based
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2.1.2.2 Resin-based
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2.1.3 Fiber Wrapping Systems
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2.1.3.1 Carbon Fiber
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2.1.3.2 Glass Fiber
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2.1.4 Rebar Protectors
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2.1.5 Micro-concrete Mortars
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2.1.6 Others
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2.2 End-User Sectors
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2.2.1 Commercial
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2.2.2 Industrial
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2.2.3 Infrastructure
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2.2.4 Residential
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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North America Repair and Rehabilitation Market Size FAQs
What is the current North America Repair and Rehabilitation Market size?
The North America Repair and Rehabilitation Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Repair and Rehabilitation Market?
BASF SE , SIKA AG , MAPEI Corporation , Simpson Strong-Tie Company, Inc. and Dow are the major companies operating in the North America Repair and Rehabilitation Market.