The 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.

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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 Million by 2031 end.

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 Million 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.

“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

• China is slated to continue its dominance in the bridge expansion joints market with an incremental opportunity of around US$ 130.9 Million during the forecast period.
• With robust transport expansion and increasing bridge rehabilitation, Europe market will register a healthy CAGR of 4.9% between 2021 and 2031.
• Sales of bridge expansion joints to remain positive across the U.S. The growth of market in the country can be attributed to the increasing investments in infrastructure and the presence of leading market players.
• Closed type expansion joints segment dominates the market with an estimated value of US$ 271.9 Mn in 2021.
• By application, the roadway bridges segment is projected to reach 12,604 meters by the end of 2031.
• Top 4 players operating in the bridge expansion joints market account for around 37% share of the overall market.

Key Drivers

• Growing construction industry will augment the demand for bridge expansion joints across bridges, flyovers etc.
• Development and launch of new lightweight bridge expansion joints are positively impacting the growth of the market.
• Increasing seismic activities and extreme weather conditions are likely to fuel demand for bridge expansion joints.
• High investments in developing smart cities will aid market growth.