Bridge Bearings Market Latest Innovations, Drivers and Industry Key Events 2017 – 2027
Spending on construction of bridges are correlated with the growth of the economy in particular region. Bridge bearings market is expected to benefit from rapid expansion in transport infrastructure over upcoming years. Moreover, among the bridge bearings elastomeric bearings offers a longer service life and thus are primarily preferred in the global bridge bearings market. Additionally, replacement of bridge bearings is possible. However, it is undesirable owing to possibilities of damage in the orientation of assembly. Thus the demand for bridge bearings is highly dependent of upcoming new construction and renovation projects.
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Global Bridge Bearings Market: Market Dynamics
Transportation networks in emerging economies will have to expand vastly to keep up with the growing demands owing to population growth and growth of trade. While advanced economies already have widespread transportation infrastructure and firm populations, their networks urgently need renovation and repair. With the growing economies, need for faster transportation network is increasing. Moreover, to minimize the traveling and transporting time the construction of bridges and related infrastructure is significant. Consequently, construction of modern bridges demands for bridge bearings. The rising investments related to civic infrastructure and its related activities in turn is expected to imbibe the demand of bridge bearings during the forecast period.
Regions where infrastructure and construction industry has attained a maturity are anticipated to witness relatively slower growth in the bridge bearings market. Political interference in some Asian countries such as India has significantly affected performance of construction industry.
Electronic devices are deployed in the assembly of bridge bearings in order to track any deterioration or change in physical property. New materials are expected to be utilized to develop efficient bridge bearings with longer operational life and low maintenance cost.
Global Bridge Bearings Market: Market Segmentation
Global bridge bearings market can be segmented on the basis of product type and shape.
On the basis of product type, global bridge bearings market can be segmented as
On the basis of application, global bridge bearings market can be segmented as
Global Bridge Bearings Market: Regional Outlook
Bridge bearings market is dependent on the growth of construction industry across the world. An increase in spending in infrastructure in China gives a boost to the construction industry in Asia Pacific region. India and China are expected to show high growth rates in infrastructure construction industry over the next decade. Prominent countries in Latin America are also expected experience boost in economy, which in turn thrust the growth of construction industry. Launch of upcoming projects in North America is anticipated to grow the demand of bridge bearings. Japan is expected to observe sluggish demand for bridge bearings owing to maturity of construction industry. Middle East is anticipated to be attractive market for infrastructural construction and hence among leading market for bridge bearings in terms of growth over the forecast period. Additionally, Eastern Europe is subjected to economic uncertainty, hence expected to show slowdown in infrastructure development.
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Global Bridge Bearings Market: Key Participants
Example of some of the market participants in the global bridge bearings market discerned across the value chain include
RJ Watson, Inc.
Voss Engineering, Inc.
Granor Rubber & Engineering
J.Sons Engg. Corpn. (India)
Gumba GmbH & Co. KG
VSL International Ltd.
Construction Equipment Company (CECO)
Metal Engineering & Treatment Co., (METCO)
Structural Rubber Products
KantaFlex (India) Private Limited
Doshin Rubber Products (M) Sdn. Bhd.
Canam Group Inc.
Zaoqiang Dacheng Rubber Co., Ltd.
DSL Co., Ltd.
Epic Polymer Systems Corp.
Sneha Bearings Private Limited
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