Experiencing substantial growth, the global bridge bearings market, valued at an estimated US$ 674.33 million in 2021, is poised to reach US$ 705.8 million in 2022. Demonstrating a dynamic upward trajectory, the market is on track to achieve a noteworthy milestone of US$ 935 million by 2028. This anticipated growth is driven by a robust Compound Annual Growth Rate (CAGR) of 4.8% during the forthcoming forecast period.
Bridge bearings, often underestimated yet integral, assume a foundational role in the infrastructure sector. Their significance is escalating in tandem with the flourishing global transport infrastructure industry. Leading countries such as China, India, and the United States are spearheading substantial road and rail network projects, poised to reshape the landscape of connectivity. As these ambitious projects unfold, the demand for bridge bearings is set to experience a significant surge.
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Surge in Government Investments for Global Infrastructure Projects and Expansion in Construction Undertakings to Unlock Favorable Prospects for Bridge Bearings Manufacturers:
The swift pace of global urbanization has triggered a remarkable surge in the construction sector on a worldwide scale. Both developing and developed nations’ governments are greenlighting a multitude of infrastructural ventures aimed at fortifying commercial and transportation frameworks. This concerted effort is poised to significantly elevate the global demand for bridge bearings within the construction arena.
Furthermore, an escalating desire for leisure destinations such as amusement parks, luxury sports facilities, and similar recreational establishments in China, Europe, the United States, and the Middle East is propelling the revenue trajectory of the bridge bearings market. For manufacturers of bridge bearings, a promising trajectory lies ahead, contingent on their adept utilization of the myriad of opportunities that the global market presents, coupled with an astute strategy to amplify their product portfolios.
Global Collaborations for Bridge Preservation and Escalating Adoption of Neoprene Elastomeric Bridge Bearings: Defining Trends in the Bridge Bearings Market
An intriguing trend taking center stage in the bridge bearings market is the emergence of global partnerships aimed at safeguarding the integrity of both existing and new bridges. These collaborations are chiefly designed to curtail, delay, or altogether prevent the deterioration of bridges. The ultimate objective is to restore the fundamental functionalities and sustain the structural soundness of bridges over an extended lifespan, ensuring optimum performance over the years.
The American Association of State Highway and Transportation Officials (AASHTO) stands at the forefront of pioneering advanced tools and methodologies for prolonging bridge longevity through preservation treatments and superior construction practices. This association plays a pivotal role in advocating the use of seismic-resistant products like bridge bearings across the United States. Across the Atlantic, the Europe-based National Cooperative Highway Research Program collaborates closely with AASHTO, focusing on comprehensive bridge evaluations and stringent quality control protocols.
Key Players Profiled in Report:
- Canam Group Inc.
- Trelleborg AB
- Ekspan Limited
- Epic Polymer Systems Corp.
- Freyssinet Limited
- Granor Rubber & Engineering Pty. Limited
- Gumba GmbH & Co. KG
- KantaFlex (India) Private Limited
- Mageba SA
- Metal Engineering & Treatment Co. Pvt. Ltd.
- RJ Watson, Inc.
- Structural Rubber Products
- Cosmec Inc.
- Voss Engineering, Inc.
- Zaoqiang Dacheng Rubber Co., Ltd.
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Key Segments Covered:
Bridge Bearings by Material Type:
- Steel Bridge Bearings
- Rubber and Combined Bridge Bearings
Bridge Bearings by Design Type:
- Elastomeric Bridge Bearings
- Pot Bridge Bearings
- Sliding Plate Bridge Bearings
- Roller Bridge Bearings
- Spherical Bridge Bearings
- Disc Bridge Bearings
- Other Bridge Bearings
Bridge Bearings by Region:
- North America Bridge Bearings Market
- Latin America Bridge Bearings Market
- Europe Bridge Bearings Market
- South Asia and Pacific Bridge Bearings Market
- East Asia Bridge Bearings Market
- Middle East and Africa Bridge Bearings Market
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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