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 bridge expansion joints 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 Mn in 2018. Bridge expansion joints are also called as movement joint that allows the bridges to contract and expand with respect to the environmental conditions such as changing temperature. Globally, there is rapid development in the construction industry. This is primarily driving the demand for bridge expansion joints.

Infrastructure development, implementation of smart cities, innovating new ways of connecting the 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 its utilization in the industry. These and many such factors make bridge expansion joints an integral part of every major project that is undertaken.

Moreover, technological advancements in manufacturing techniques, increasing investment in infrastructural and transportation developments are driving the growth of bridge expansion joints market across the globe. However, 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

Bridge Expansion Joints Market

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"The roadway bridges segment dominates the bridge expansion joints market"

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

Bridge Expansion Joints Market

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"Asia-Pacific to witness a rapid growth in the forecast period"

In the global bridge expansion joints market, Asia Pacific is projected to witness high growth during the forecast period. Major factors attributed to this high growth include increasing investment in development of smart cities, growing investments in 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 highest growth potential during the forecast period. Additionally, countries in Middle East and Africa are also looking forward to invest in infrastructure development. Increasing number of construction activities in these regions are fueling the growth of bridge expansion joints market in these regions.

Bridge Expansion Joints Market

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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.

Bridge Expansion Joints Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments 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 global Bridge Expansion Joints Market based on type, application, and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 Type Segment (2017–2027; US$ Mn)
 • Open Joints
    o Butt Joint
    o Sliding Plate Joint
    o Finger Joint
 • Closed Joints
    o Compression Seal Joint
    o Strip Seal Joint
    o Modular Elastomeric Joint
    o Others

 Application Type Segment (2017–2027; US$ Mn)
 • Roadway Bridges
 • Railway Bridges

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

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

Unique data points of this report

  • Statistics on bridge expansion joints penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of bridge expansion joints for various applications
  • Notable developments going on in bridge expansion joints industry
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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Published Date:  Aug 2019
Category:  Building & Construction
Report ID:   59835
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
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