Geogrids Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[172+ Pages Report] According to the report published by Facts Factors, the global geogrids market size was worth around USD 1200 million in 2019 and is predicted to grow to around USD 2700 million by 2026 with a compound annual growth rate (CAGR) of roughly 12.2% between 2020 and 2026. The report analyzes the global geogrids market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the geogrids market.

The geogrids market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire geogrids market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the geogrids industry. The report analyzes and declares the historical and current trends analysis of the geogrids industry and subsequently recommends the projected trends anticipated to be observed in the geogrids market during the upcoming years.

Key Insights from Primary Research

• As per our primary respondents, the geogrids market is set to grow annually at a rate of around 12.2%
• It was established through primary research that the geogrids market was valued at around USD 1200 million in 2019
• The Asia Pacific held the largest market share of the geogrids in terms of revenue in 2019
• The “Soil reinforcement” category, on the basis of application segmentation, was the leading revenue-generating category in 2019
• Japan is expected to have a stagnant growth in the upcoming years

Key Recommendations from Analysts

• As per our analysts, an increase in the infrastructure sector is one of the driving factors behind the geogrids market
• The growing infrastructure sector of India and China is anticipated to boost the geogrids market in Asia-Pacific
• Unskilled civil engineers and lack of R&D by underdeveloped countries is hampering the growth of the geogrids market
• The radical transformation in the developing countries is expected to promote the use of geogrids in the infrastructure sector
• Manufacturers are currently trying to introduce tri-axial geogrids with improved rib thickness, better load-bearing and distribution abilities

Global Geogrids Market Share – By Region

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the geogrids industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the geogrids industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the geogrids market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the geogrids industry. The geogrids market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the geogrids sector. Key strategic developments in the geogrids market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the geogrids market are appropriately highlighted in the report.

The geogrids market is primarily driven due to its widespread applications in railway and roadways products and as the infrastructure sector is developing. The rising demand for secure quality design is expected to surge the geogrids market.  Government funding and initiative support the growth of the geogrids market. On the other hand, the market is limited owing to patent restrictions in the product specification. Untrained civil designers and engineers, also underdeveloped countries lack R&D hampers market growth. Commercial industries, mining, and oil sectors can develop opportunities for the geogrids market in the near future. Developing countries are witnessing an unprecedented boom in recent times. Also, untapped opportunities with the growing scope of infrastructure demand are likely to open new market avenues in the forecast period.

Report Scope

The geogrids market research report delivers an acute valuation and taxonomy of the geogrids industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the geogrids industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the geogrids industry is provided for the leading economies of the world.

The geogrids market is segmented based on Application. In terms of Application segmentation, the market is bifurcated into Railroad stabilization, Road Industry, Soil Reinforcement, Retaining Walls, and Others.

Some of the essential players operating in the geogrids market, but not restricted to include

•  ACE Geosynthetics Enterprise Co.Ltd.
•  Hueskar Inc.
•  NAUE GmbH & Co. KG
•  Low & Bonar PLC
•  Colbond Inc.
•  Tensar International Corporation
•  Strata Systems

The taxonomy of the geogrids industry by its scope and segmentation is as follows:

By Application Segmentation Analysis (Customizable)

• Railroad stabilization
• Road Industry
• Soil Reinforcement
• Retaining Walls
• Others

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa