An Incisive, In-depth Analysis on the Bridge Bearings Market
This study offers a comprehensive, 360 degree analysis on the Bridge Bearings market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bridge Bearings market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Bridge bearings, as considered under the scope of the bridge bearing report, are mechanical parts of a bridge structure that act as a supporting surface between a deck and bridge pier or beam. Its prime motive is to allow controlled movement in case of seismic or similar forces by eliminating the stress involved. Bridge bearings are available in various designs, such as elastomeric, pot, spherical, sliding plate, disc, roller, spherical and others. Further, bridge bearings are either made from steel or rubber or a combination of materials.
Their ability to safeguard transport infrastructure from seismic effects and thermal contraction & expansion and the availability of economically priced bridge bearings in the market are the primary drivers for the bridge bearings in the global market. The bridge bearings market is expected to create incremental $ opportunity of worth US$ 348.7 Mn during the forecast period while expanding at a CAGR of 4.8%.
Factors Influencing the Bridge Bearing market Growth
Bridge bearings are pre-requisite components in construction of transport infrastructures, especially highways. Accessible and reliable transport infrastructure is the cornerstone of progress in every economy as it enhances productivity, saves time and connects the society. Thus, the need for improving the existing road infrastructure to deliver better accessibility is increasing and thus, creating opportunities for bridge bearings in the global market over the forecast period.
The construction industry has witnessed significant investments in recent times. For instance, in FY2017, it is estimated that the spending on infrastructural construction was around US$ 3 Tn. Hence, expanding construction investments by PPP (Public Private Partnerships) and regional governments are stipulated to register healthy growth in case of transport infrastructure and thus, subsequently augment the trade of bridge bearings. Further, the transport infrastructure industry has witnessed sustained incremental growth over the years, which can be attributed to favorable economic conditions in numerous developing and developed countries. The bridge bearing market is anticipated to witness accelerated and lateral growth due to the ongoing large public infrastructural projects, which, in turn, are anticipated to create public-private partnership (PPP) opportunities over the forecast period. Furthermore, travel and tourism is another factor reinforcing the demand for bridge bearings. It is expected that the travel and tourism sector will hold significant share in total global investments and it is further estimated that this share will increase over the forecast period. Growing tourism will attract significant foreign direct investments in tourism-driven countries, such as the Middle East Asia, which will subsequently lead to launching of several hospitality-related infrastructural projects in these countries. Moreover, regional government spending is expected to increase in support of general tourism activity in these countries. This will further drive the growth of the transport industry globally, subsequently increasing the demand for bridge bearings over the forecast period.
However, there are certain aspects in the global bridge bearing market which may prove to be a challenge and deter the adoption of bridge bearings. For instance, corrosion of bridge bearings due to exposure to environment can degrade the integrity of bridge bearings and reduce their life span.
Bridge Bearing market segmentations and forecast
The global bridge bearing market has been segmented on the basis of material, design and region. On the basis of material type, the global bridge bearing market has been segmented into steel and rubber & combined. On the basis of design, the bridge bearing market has been further segmented into elastomeric, pot, sliding plate, roller, spherical, disc and other types of bridge bearings. On the basis of region, the global bridge bearing market has been segmented into North America, Latin America, Western Europe, Eastern Europe, SEA&P (South East Asia & Pacific) & Pacific, China, Japan and Middle East& Africa (MEA).
On the basis of material, the bridge bearing market is expected to be dominated by steel segment, which will be followed by rubber and combined material segments. On the basis of design type, the elastomeric bridge bearing segment is projected to witness robust growth in the global bridge bearing market. The segment is expected to remain dominant in terms of value share and is expected to be responsible for 37.1% of the total global incremental $ opportunity. Low cost associated with the installation of elastomeric bridge bearings and better performance against seismic forces are the prime reasons responsible for the growth of the elastomeric bridge bearing segment. Further, on the basis of region, China, Western Europe and North America are expected to hold notable shares throughput the projected period as these regions have prominent number of manufacturers of bridge bearings. Collectively, by the end of the forecast period, Latin America, the Middle East Asia and Japan are anticipated to account for over 20% of the bridge bearing market share.
Market Participants in the Global Bridge bearing Market
Some of the market participants reported in this study of global bridge bearing market include 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., and Zaoqiang Dacheng Rubber Co., Ltd.
Future Market Insights (FMI) provides an exclusive analysis of the “Global Bridge Bearings Market” in its new report. The market intelligence compiled in this report offers exhaustive analysis and provides insights pertaining to the bridge bearings market. The report offers a comprehensive analysis of the global bridge bearings market in terms of market volume (Thsnd Units), value (US$ Mn) and year-wise (Y-o-Y) growth in sales as per product material and design type. To offer a better understanding of the bridge bearings market, the report offers analysis of drivers, restraints, regulations, opportunities and trends and their impact on the market dynamics. Crucial insights provided in the report highlight three important segments of the bridge bearings market: bridge bearing by material type, design type and bridge bearing analysis by region.
Bridge Bearings Report Description:
The report on the global bridge bearings market begins with an executive summary and market introduction, which provide an extensive view of the overall market. Detailed insights provided in this section of the bridge bearings report offer important information pertaining to the market viewpoint, value chain analysis, forecast factors and impact analysis. The section that follows offers analysis on various segments and presents forecast for the period 2018-2028 for the bridge bearings market.
On the basis of material type, the global bridge bearings market is segmented into:
Rubber and Combined
On the basis of design type, the global bridge bearings market is segmented into:
Sliding Plate Bearings
In the following section, the global bridge bearings market offers crucial insights and analysis on the basis of regions, including North America, Latin America, Western Europe, Eastern Europe, South East Asia and Pacific, China, Japan and the Middle East and Africa.
The concluding section of the bridge bearings report offers important insights on the competitive landscape of the global market. In this section, the bridge bearings report provides market share analysis and provides information and analysis of key companies and manufacturers operating across the value chain and their presence globally. Some of the leading market players operating across the value chain of the global bridge bearings market are 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., and Zaoqiang Dacheng Rubber Co., Ltd.
Bridge Bearings Research Methodology:
The bridge bearings market’s volume has been derived through in-depth research and validated by industry experts and key manufacturers/solution providers through interviews. Perspectives of the industry experts were thoroughly analyzed and the average bridge bearings market volume was deduced and reconfirmed before being incorporated in the bridge bearings report. To offer accurate bridge bearings market analysis, we have considered 2017 as the base number and bridge bearing’s sale and forecast has been made for the years 2019 to 2028. The market size of bridge bearing has been calculated in terms of different bridge bearing types and their selling price in various regions. Further, data points, such as sales split, end-use split and regional split, along with qualitative inputs from primary research, have been incorporated to provide precise bridge bearings market analysis. Valuable insights offered in this report estimate the total revenue expected to be generated in the bridge bearings market over the forecast period.
This report on bridge bearing offers forecasts in terms of CAGR and analyzes market on the basis of Year-on-Year (Y-o-Y) growth. Market analysis on the basis of CAGR and Y-o-Y growth incorporated in the bridge bearings report will allow readers to identify lucrative growth opportunities and growth prospects in the global bridge bearings market. Valuable insights provided in the bridge bearings report also offer detailed information pertaining to the potential resources and key trends in the global bridge bearings market. Insights compiled in the bridge bearings report have been provided in terms of absolute dollar opportunity and Basis Point Share (BPS). In addition, market intelligence pertaining to growth prospects and patterns of various segments of bridge bearings have been derived through bridge bearings market attractive index.