Research Reports
Bridge Expansion Joints Market to Reflect Steady Growth Rate by 2025
Bridge Expansion Joints Market to Reflect Steady Growth Rate by 2025
Published by mark itwired
Posted on October 7, 2021
Global Banking and Finance Review
Company
Published by mark itwired
Posted on October 7, 2021
ESOMAR-certified market research firm Future Market Insights (FMI) in its latest analysis forecasts the global bridge expansion joints market to expand at healthy compound annual growth rate (CAGR) of 5.5% between 2021 and 2031, reaching a valuation of US$ 1500 Mn by 2031 end.
The swift growth of bridge expansion joints market can be attributed to rapid urbanization, increasing vehicle movement, and robust infrastructure development across the globe.
With increasing government initiatives undertaken to develop smart cities, the sales of bridge expansion joints are slated to rise at 1.5X between 2021 and 2031.
Frequent seismic activities, extreme weather conditions, and heavy traffic have spurred the adoption of bridge expansion joints across bridges, railway tracks, and flyovers. These expansion joints are effective in reducing the damages caused to the infrastructure by environmental factors.
Technological advancements have paved the way for the development of advanced bridge expansion joints with flexible, long lasting, waterproof and noise reduction features. These products can accommodate movements in all directions of overhead structures with minimum load transmission to decks or slabs.
Closed type bridge expansion joints segment is dominating the global market, with a valuation of around US$ 371.9 Mn in 2021. These joints are utilized primarily in roadway bridge applications where movement ranges greater than or equal to 2.5 inch.
China dominates the global bridge expansion joints market. With increasing investments in transportation and infrastructure development, the market in China is expected to hold nearly one fifth of value share in the global market during the forecast period.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-7396
“Increasing government investments towards the expansion of existing infrastructure and technological advancements in bridge expansion joints will continue to drive the market during the forecast period,” says the FMI analyst.
Key Takeaways from Bridge Expansion Joints Market Survey
Key Drivers
Key Restraints
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-7396
Competitive Landscape
Key companies operating in the bridge expansion joints market are investing heavily in research and development activities. They are adopting various organic and inorganic strategies such as mergers and acquisitions, advanced product development, alliances and collaborations to expand their product portfolio and stay relevant in the market.
Some of the prominent players operating in the Bridge Expansion Joints market profiled by FMI are:
More Insights on the Bridge Expansion Joints Sales Outlook
FMI provides an unbiased analysis of bridge expansion joints market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for bridge expansion joints with a detailed segmentation on the basis of:
Based on Type:
Based on Application:
Based on Region:
Key Questions Covered in the Bridge Expansion Joints Sales Outlook Report
Explore FMI’s Extensive Coverage on Industrial Automation Domain
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The post Bridge Expansion Joints Market to Reflect Steady Growth Rate by 2025 appeared first on Industry News Analsis.
ESOMAR-certified market research firm Future Market Insights (FMI) in its latest analysis forecasts the global bridge expansion joints market to expand at healthy compound annual growth rate (CAGR) of 5.5% between 2021 and 2031, reaching a valuation of US$ 1500 Mn by 2031 end.
The swift growth of bridge expansion joints market can be attributed to rapid urbanization, increasing vehicle movement, and robust infrastructure development across the globe.
With increasing government initiatives undertaken to develop smart cities, the sales of bridge expansion joints are slated to rise at 1.5X between 2021 and 2031.
Frequent seismic activities, extreme weather conditions, and heavy traffic have spurred the adoption of bridge expansion joints across bridges, railway tracks, and flyovers. These expansion joints are effective in reducing the damages caused to the infrastructure by environmental factors.
Technological advancements have paved the way for the development of advanced bridge expansion joints with flexible, long lasting, waterproof and noise reduction features. These products can accommodate movements in all directions of overhead structures with minimum load transmission to decks or slabs.
Closed type bridge expansion joints segment is dominating the global market, with a valuation of around US$ 371.9 Mn in 2021. These joints are utilized primarily in roadway bridge applications where movement ranges greater than or equal to 2.5 inch.
China dominates the global bridge expansion joints market. With increasing investments in transportation and infrastructure development, the market in China is expected to hold nearly one fifth of value share in the global market during the forecast period.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-7396
“Increasing government investments towards the expansion of existing infrastructure and technological advancements in bridge expansion joints will continue to drive the market during the forecast period,” says the FMI analyst.
Key Takeaways from Bridge Expansion Joints Market Survey
Key Drivers
Key Restraints
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-7396
Competitive Landscape
Key companies operating in the bridge expansion joints market are investing heavily in research and development activities. They are adopting various organic and inorganic strategies such as mergers and acquisitions, advanced product development, alliances and collaborations to expand their product portfolio and stay relevant in the market.
Some of the prominent players operating in the Bridge Expansion Joints market profiled by FMI are:
More Insights on the Bridge Expansion Joints Sales Outlook
FMI provides an unbiased analysis of bridge expansion joints market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for bridge expansion joints with a detailed segmentation on the basis of:
Based on Type:
Based on Application:
Based on Region:
Key Questions Covered in the Bridge Expansion Joints Sales Outlook Report
Explore FMI’s Extensive Coverage on Industrial Automation Domain
Power Transformer Market : 2021 Analysis and Review: Power Transformer Market by Product Type – Core Type and Shell Type for 2021 – 2031
Conveyor System Market : 2021 Analysis and Review: Conveyor System Market by Capacity Type– Unit Handling and Bulk Handling for 2021 – 2031
Mud Pumps Market : 2021 Preview and Analysis: Mud Pumps Market by Application – Onshore and Offshore for 2021-2031
The post Bridge Expansion Joints Market to Reflect Steady Growth Rate by 2025 appeared first on Industry News Analsis.
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