Europe Bridge Expansion Joints Market, By Material Type (Open Joints, Closed Joints), Application (Roadway Bridges, Railway Bridges) - Industry Trends and Forecast to 2030.
Europe Bridge Expansion Joints Market Analysis and Insights
Growing investments in the infrastructure sector are an important driver for the Europe bridge expansion joints market. Increasing government investment in developing and maintaining bridges is expected to propel the Europe bridge expansion joints market growth.
The major restraint that may negatively impact the market are issues associated with the security and reliability of expansion joints.
Technological advancement is leading to the launch of new products that are expected to provide opportunities in the Europe bridge expansion joints market. However, dependency and issues associated with installation and replacement are projected to challenge the market growth.
The Europe bridge expansion joints market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.2% in the forecast period of 2023 to 2030 and is expected to reach USD 236,451.14 thousand by 2030.
The Europe bridge expansion joints market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Material Type (Open Joints, Closed Joints), Application (Roadway Bridges, Railway Bridges)
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Countries Covered
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Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Hungary, and the rest of Europe
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Market Players Covered
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Trelleborg Group, Freyssinet, USL EKSPAN, RJ Watson, Inc., MAURER SE, Tensacciai S.r.l., Watson Bowman Acme, and ZAOQIANG DACHENG RUBBER CO.,LTD among others
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Market Definition
The bridge expansion joint is popularly known as the movement joint, which is an important component in constructing bridges. Expansion joints are designed to enable continuous traffic between two structures and are necessary to accommodate structural movements caused by temperature-induced expansion and contraction. Expansion joints are vital to the life of a bridge itself and must be correctly installed and maintained to function properly. The driving factors growth of the market includes growing investments in the infrastructure sector.
Europe Bridge Expansion Joints Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Growing investments in the infrastructure sector
Infrastructure is considered the backbone of all other sectors needed for the growth and development of the country. Infrastructure accelerates the process of growth and also helps in generating employment opportunities. Growth and development of infrastructure like highways, railways, bridges, buildings, and other infrastructure have seen huge growth to increase the nation's economy. Development of infrastructure and construction to improve trade and connectivity, the use of bridge expansion joints is expected to be used more in constructing better quality bridges and flyovers for better safety and durability, which is a major concern for the growth of the nation's economy. With the demand for bridge expansion joints in this industry in the European region, the market is expected to grow in the upcoming forecast period. This rising investment in infrastructure is expected to make the market grow in the upcoming years.
- Increased investment in developing and maintaining bridges by the government
With the increase in the government's focus on funding and investment in new infrastructure projects and the development of various projects, especially roadways, railways, and bridges. The bridge expansion joint is the major component and material used to construct a safe and reliable bridge. The demand for bridge expansion joint in the market is expected to grow exponentially in the next forecasting period.
Opportunity
- Technological advancement led to the development and launch of new products
Technological advancements have led to the development of cost effective, long-lasting, waterproof, and noise-reduction bridge expansion joints, which can accommodate movements in all directions. Advanced materials and innovative technology have transformed a common product into something extraordinary, which helps in raising industry standards. Different companies related to the market are trying to develop and introduce new products in the market. These products are more effective and advanced and give better and improved results with the increased focus on technological advancement and the launch of new products. The demand for bridge expansion joint in the market is expected to grow exponentially in the next forecasting period.
Restraint/Challenge
- Issues associated with the security and reliability of expansion joints
Despite a wide preference for expansion joints for repairing bridges and roads, few significant issues associated with security is present in expansion joints. With increasing revenue generated from using expansion joints in transportation and construction, the security problems associated with expansion joints are also increasing, such as accidents caused by deformities or damaged expansion joints. Moreover, another issue regarding its security is that bridge expansion joints must be installed in a condition by which it can be inspected thoroughly for quality and maintenance. Sometimes in some cases, the inclusion of injectable packing could be occasionally necessary. In addition, expansion joints can fail due to corrosion cracking since they are very corrosion sensitive. All the aforementioned quality checks and maintenance must be done from time to time. Otherwise, some fatal accidents could restrict the application of bridge expansion joints in the upcoming years.
Recent Development
- In December 2022, Freyssinet was involved in constructing eight bridges on Al- Nawaseeb Road in Kuwait. Freyssinet Middle East uses the cast-in-situ balanced cantilever method, a construction technique where the segments are progressively cast in their final position within the structure
Europe Bridge Expansion Joints Market Scope
The Europe bridge expansion joints market is categorized based on material type and application. The growth amongst these segments will help you analyse major industry growth segments and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Material Type
- Open Joints
- Closed Joints
Based on material type, the Europe bridge expansion joints market is classified into open joints and closed joints.
Application
- Roadway Bridges
- Railway Bridges
Based on application, the Europe bridge expansion joints market is classified into roadway bridges and railway bridges.
Europe Bridge Expansion Joints Market Regional Analysis/Insights
The Europe bridge expansion joints market is segmented based on country, material type, and application as referenced above.
Some countries covered in the Europe bridge expansion joints market are Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Hungary, and the rest of Europe.
Germany is expected to dominate the Europe bridge expansion joints market in terms of market share and revenue because of the rising application of bridge expansion joints across construction and transportation sectors.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Bridge Expansion Joints Market Share Analysis
Europe bridge expansion joints market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, product lifeline curve. The above data points provided are only related to the companies' focus related to the Europe bridge expansion joints market.
Some of the prominent participants operating in the Europe bridge expansion joints market are Trelleborg Group, Freyssinet, USL EKSPAN, RJ Watson, Inc., MAURER SE, Tensacciai S.r.l., Watson Bowman Acme, and ZAOQIANG DACHENG RUBBER CO., LTD among others.
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