The global caisson foundations market is anticipated to experience a robust growth in the forecast years, 2023-2027, with an expected CAGR value, as per the TechSci Research report titled “Caisson Foundations Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”. The expansion of the construction industry is one of the factors driving the growth of the market, along with the increasing construction of heavy-duty infrastructure and machinery repairment over the next five years. The demand for repairing ships and other water vessels is also expected to support the market growth in the coming years. The growth of infrastructure such as skyscrapers, high-rise buildings, and aesthetic constructions is also contributing to the growth of the global caisson foundation market in the next five years. The market is also supported by the demand for caissons from industries such as oil & gas and water automotive, as well as their application in repairing ship bodies, submarines, and demand from the water engineering sector. Moreover, the growth of the global population, research, and technological advancement in the field are further driving the growth of the global caisson foundations market until 2027.
Increasing investment from the government, favorable government schemes, and further increasing number of market players in the construction industry is also supporting the growth of the global caisson foundation market in the forecast years.
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The global caisson foundations market is segmented based on type, material, application, function, construction method, regional distribution, and competitive landscape. The market is divided into three types: box, open, and pneumatic. In the upcoming five years, open caisson foundations are anticipated to hold the largest revenue share of the market and dominate the market, owing to the increasing application of open-type caisson foundations in underwater infrastructures. Furthermore, the increasing use of open caissons in repairing ships and bridges is expected to drive the growth of the global caisson foundation market in the next five years. Open caissons do not have a base layer and are very suitable for soft clay applications, but not for areas where there are large obstructions in the ground. The caisson is sloped at an angle to support the sinking in a vertical manner to reduce friction, and the leading edge of the caisson structure often fills with water, but a pump is installed to remove the water inside the caisson.
Based on application, the market is further differentiated into piers, dock structures, large & multi-floor buildings, bridges, and others. Piers sub-segment is anticipated to hold the largest revenue shares of the market in the upcoming five years and dominate the market on the account of increasing construction of piers to facilitate the transport industry. Water way transportation of the oil & petroleum products from the offshore drilling sites, is anticipated to further aid the growth of the global caisson foundation market in the next five years.
Some of the market players, dominating the global market are :
- Weinstein Retro¬fitting Systems
- Nicholson Construction Company
- AGA Construction, Inc.
- Evergreen Caissons Inc.
- Shelly Foundations Inc.
- Bronte Construction
- Eastern Caisson Corporation
- McCrossin Foundations, LLC
- Foundation Structures Inc.
- McCrossin Foundations
- Arntzen Corporation
“North America region is anticipated to hold the largest revenue shares of the market due to increasing underwater construction near the waterbodies of the larger economies like the United States in the future five years. Increasing global population and thus increasing demand for the residential accommodation is anticipated to further support the growth of the global caisson foundations market in the next five years. Also, government initiatives, favorable policies and schemes would support the market growth in the region. New market players are advised to invest in the research and technological advancement such that advanced products can be developed thereby aiding their brand establishments also aiding the growth of the global caisson foundation market in the future five years. Furthermore, extended uses by the end user sectors like civil engineering, transport engineering, water engineering, port construction, etc. and further substantiate the growth of the global caisson foundation market in the forecast period. Well-grown economy, technological advances, and population of the region is also indirectly substantiating the growth of the global caisson foundations market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Caisson Foundations Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Type (Box, Open, Pneumatic), By Material (Timber, Steel, Reinforced Cement Concrete), By Application (Piers, Dock Structures, Large & Multi-Floor Buildings, Bridges, Others), By Function (Soil Retention, Water Retention, Transfer of Loads, Others), By Construction Method (Prefabrication, Transportation, Positioning and Immersion, Ballasting), By Region”, has evaluated the future growth potential of global caisson foundations and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global caisson foundations market.
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