(MENAFN- PR Newswire) DUBLIN, March 2, 2023 /PRNewswire/ -- The '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, by function, by construction method, by region' report has been added to
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The global caisson foundations market is projected to register CAGR growth in the forecast years, 2023-2027 on the account of growth factors like increasing demand for reliable and more effective infrastructure construction underwater bodies.
Rapidly growing demands for stable foundations and growing underwater and water infrastructure designs are further driving the growth of the global caisson foundation market in the upcoming five years.
Caisson foundations are pier foundations that are fabricated as hollow structures constructed on the surface, or under the water where the construction of the building is due. The hollow structure is filled with concrete material such that vacuumed environment can be created.
The caisson foundations may or may not become part of the future infrastructure based on their construction and utilities. When constructed for infrastructures like bridges, piers, etc. they are constructed with advanced geo-technological engineering processes that allow a water-retaining structure that would create a dry environment for underwater construction.
Expanding Construction Industry Drive Market Growth
Rapidly growing construction of multiple infrastructures like bridge piers, concrete dams, abutments in rivers, seas, lakes, breakwaters, and other shore construction work along with its application in pump house construction drives the growth of the global caisson foundation market in the upcoming five years. Moreover, the increasing infrastructure demands, ensure more than 30% growth in the next ten years, globally.
Applications of caisson foundations are not limited to underwater constructions. The foundations are often utilized for large and multi-story buildings and other structures too. The increasing population and the demand for residential accommodation for the growing population have surged the construction of high-rise buildings, skyscrapers, etc. thus aiding the growth of the global caisson foundations market in the future five years.
High Investment Supports Market Growth
Rising disposable income among the population, higher living standards, and demand for aesthetically pleasing infrastructure construction is anticipated to further drive the growth of the global caisson foundations market in the next five years. Industrial growth, development of large-scale manufacturing units, and complex infrastructure invite further investments from private sources as well as government-aided financial investment thus substantiating the growth of the global caisson foundations market in the future five years.
Company Profile
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, are enlisted in a partial list of major market players of the global caisson foundations market.
Report Scope:
In this report, the global caisson foundations market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Caisson Foundations Market, By Type:
Caisson Foundations Market, By Material:
Timber Steel Reinforced Cement Concrete
Caisson Foundations Market, By Application:
Piers Dock Structures Large & Multi-Floor Buildings Bridges Others
Caisson Foundations Market, By Function:
Soil Retention Water Retention Transfer of Loads Others
Caisson Foundations Market, By Construction Method:
Prefabrication Transportation Positioning and Immersion Ballasting
Caisson Foundations Market, By Region:
North America United States Mexico Canada Europe France Germany United Kingdom Italy Spain Poland Denmark Asia-Pacific China India Japan South Korea Australia Singapore Malaysia Middle East & Africa South Africa Saudi Arabia UAE Iraq Turkey South America Brazil Argentina Colombia Peru Chile
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