Bridge Bearings Market
Bridge Bearings Market: Overview
The bridges have to withstand the movements, seismic activities, traffic, temperature changes, shrinkage, and others, thus the construction of the bridges and its design should be done with precision. The construction of the bridges requires expansion joints, bridge bearings, and anti-seismic devices in order to build the infrastructure that can resist any kind of adverse effects and will have a long life. The bridge bearings are the equipment that is used for transferring the loads.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Bridge Bearings Market: Facts
The Centenary Way Viaduct Refurbishment NEC3 scheme, supported by Lancashire County Council, suggested the bridge repairs along with bearing replacement, deck waterproofing, and expansion joint replacement. The Freyssinet was given the responsibility of designing, supplying, and installing new expansion joints on both sides of viaduct coupled with designing, manufacturing, and supplying of the bridge bearings.
Bridge Bearings Market: Segmentation
The global market for the bridge bearings is fragmented into its product type and application. Based on the type of the product, the global market is segregated into mechanical bearings and elastomeric bearings. Based on the application, the market is categorized into pot bearings, uplift bearings, disc bearings, and spherical bearings.
Bridge Bearings Market: Growth Factors
In the recent years, there has been a tremendous growth in the population and the trade so in order to meet the increasing demands the transportation facilities need to be upgraded. In the developing regions, the transportation infrastructure is already developed but now owing to the increasing demands they require repair and maintenance. Thus, in many of the regions, the transportation authorities are taking initiatives to develop their facilities by building bridges and other related constructions. Owing to this increasing demand for the construction activities in the transportation sector, the demand for the bridge bearings are increasing at a rapid rate. Innovations and advancements are being made in the bridge bearings in order to improve its benefits thus propelling the growth of the market. The factor that is negatively affecting the growth of the market is in the regions especially the developed regions where the construction sector is at a matured condition make use of advanced facilities.
Bridge Bearings Market: Regional Analysis
In the Asia Pacific region, the bridge bearings market is growing at a significant rate. In China, there is an increased investment made in the construction sector in order to boost up the market. In the developing nations such as China and India, there has been an increase in the number of infrastructures that are being built which is, in turn, propelling the growth of the bridge bearing market. The economic advancement that was experienced in the recent years in the Latin American region has triggered the growth of the construction industry. In the North American region, there are several upcoming projects which will increase the demand for the bridge bearings. Owing to the maturity of the construction sector in the country of Japan, the bridge bearings market is growing slowly.
Bridge Bearings Market: Competitive Players
The key market players that are involved in the bridge bearings market include VICODA GmbH., Freyssinet Limited, Trelleborg, Arsan Kaucuk, Mageba SA, VSL International Ltd., Metal Engineering & Treatment Co., Ekspan Ltd., RJ Watson, Inc., Voss Engineering, Inc., Granor Rubber & Engineering, Cosmec Inc., J. Sons Engg. Corp., Gumba GmbH & Co. KG, and others.
Bridge Bearings Market: Regional Segment Analysis
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