"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.

"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.

"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.

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 & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bridge Expansion Joints market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Bridge Expansion Joints market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Bridge Expansion Joints market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Bridge Expansion Joints market?
• Which is the largest regional market for Bridge Expansion Joints market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Bridge Expansion Joints market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Bridge Expansion Joints market worldwide?