Bridge Expansion Joints Market By Type (Open Joints, Closed Joints), By Application Type (Roadway Bridges, Railway Bridges) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Increasing investment in infrastructure development is driving the growth of the bridge expansion joint market.

Globally, the bridge expansion joints market is expected to grow with a CAGR of more than 5.9% during the forecast period from 2019 to 2027, starting from US$856.5 million in 2018. Bridge expansion joints are also called movement joints because they allow the bridges to contract and expand with respect to environmental conditions such as changing temperatures. Globally, there is rapid development in the construction industry. This is primarily driving the demand for bridge expansion joints.

Infrastructure development, the implementation of smart cities, and the innovation of new ways of connecting roadways are fueling the adoption of improved techniques that strengthen the structures being developed. Furthermore, advantages associated with the bridge expansion joints are also propelling their utilization in the industry. These and many other factors make bridge expansion joints an integral part of every major project that is undertaken.

Moreover, technological advancements in manufacturing techniques and increasing investment in infrastructural and transportation developments are driving the growth of the bridge expansion joint market across the globe. However, the high cost of the technology and low affordability in low-income countries are some of the factors that are likely to restrain the growth of this market during the forecast period.

Market Synopsis

The roadway bridges segment dominates the bridge expansion joint market.

Based on application, the market is segmented into roadways and railway bridges. The roadway bridges segment dominated the global bridge expansion joints market in 2018. Globally, governments are taking initiatives to make the commute easy and less time-consuming for the people around them. This has led to increased investment in maintaining roadways and developing bridges wherever necessary. Numerous projects are underway to construct bridges in order to avoid congestion issues within the cities. These activities are highly generating demand for bridge expansion joints in many developed and developing countries.

Asia-Pacific will witness rapid growth in the forecast period.

In the global market for bridge expansion joints, Asia Pacific is projected to witness high growth during the forecast period. Major factors attributed to this high growth include increasing investment in the development of smart cities, growing investments in the development of infrastructure and transportation facilities, and increasing production capabilities of local players.

In this region, China is expected to be the leading country with the highest growth potential during the forecast period. Additionally, countries in the Middle East and Africa are also looking forward to investing in infrastructure development. The increasing number of construction activities in these regions is fueling the growth of the market for bridge expansion joints in these regions.

Some of the prominent players operating in the bridge expansion joints market include Canam Group Inc., Gumba GmbH & Co. KG, Mageba SA, KantaFlex (India) Private Ltd., Granor Rubber & Engineering, Metal Engineering & Treatment Co. Pvt. Ltd., Ekspan Ltd., RJ Watson, Inc., Freyssinet Limited, Zaoqiang Dacheng Rubber Co., Ltd., Trelleborg AB, Tensacciai S.r.l., Watson Bowman Acme Corp., and Maurer SE.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The bridge expansion joints market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global bridge expansion joints market based on type, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of bridge expansion joints in 2018 and the forecast up to 2027?
  • Which is the largest regional market for the services segment?
  • What are the major trends followed in the bridge expansion joint market across different regions?
  • Who are the key bridge expansion joint companies leading the market?
  • What are the key strategies adopted by the leading bridge expansion joint companies in the market?

Unique data points of this report

  • Statistics on bridge expansion joints' penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of bridge expansion joints for various applications
  • Notable developments are going on in the bridge expansion joint industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for Bridge Expansion Joints Market is expected to reach USD$ 856.5 Mn in 2027.

The Bridge Expansion Joints Market is expected to see significant CAGR growth over the coming years, at 5.9% .

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

KantaFlex (India) Private Ltd., Granor Rubber & Engineering, Metal Engineering & Treatment Co. Pvt..are some of the major players in the global market.

Choose License Type
Trusted By
Published Date:  Aug 2019
Category:  Building & Construction
Report ID:   59835
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support