August 31, 2023 09:00 ET | Source: Rationalstat LLC Rationalstat LLC
Wilmington, Delaware, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Global Bridge Expansion Joints Market is valued at US$ 1.4 billion in 2022 and is expected to grow at a significant CAGR of over 5.1% over the forecast period of 2023-2030, according to the latest market report by RationalStat Flexible Joint
Market Definition, Market Scope, and Report Overview
Increased investment in infrastructure development projects, such as bridge and highway building and maintenance, is a crucial driver for the bridge expansion joints market. The demand for expansion joints to handle bridge movement and preserve structural integrity grows as governments and corporate organizations focus on expanding their transportation networks.
Furthermore, many existing bridges around the world have reached or have exceeded their design lives. These aging buildings require maintenance and rehabilitation, including expansion joint replacement or repair. As governments and infrastructure owners priorities the rehabilitation of existing bridges, the need for expansion joints rises.
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Global Bridge Expansion Joints Market: Segmental and Market Share Analysis
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global bridge expansion joints market include,
Some of the prominent players and suppliers operating and contributing significantly to the global bridge expansion joints market growth include Watson Bowman Acme, Mageba SA, RJ Watson, Inc., Metal Engineering & Treatment Co. Pvt. Ltd., Canam Group Inc., Ekspan, Freyssinet, Granor Rubber & Engineering, Gumba GmbH & Co. KG, KantaFlex Pvt. Ltd. among others.
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RationalStat has segmented the global bridge expansion joints market based on type, application, and region
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Key Questions Answered in the Bridge Expansion Joints Report:
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RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
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