Europe Bridge Bearings Market – Industry Trends and Forecast to 2030

Europe Bridge Bearings Market Analysis and Insights

The Europe bridge bearing 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 4.2% in the forecast period of 2023 to 2030 and is expected to reach USD 308,259.31 thousand by 2030.

Growth in the construction industry across the European region is an important driver for the Europe bridge bearings market. Boost in governmental investments in new infrastructure projects and an increase in focus on the maintenance and renovation of bridges are expected to propel the Europe bridge bearings market growth.  

Market Definition

The bridges have to withstand the movements, shrinkage, seismic activities, temperature changes, shrinkage, traffic and others, thus the construction of the bridges and its design should be done with precision. The construction of the bridges requires expansion joints, bridge bearings, and anti-seismic devices in order to build the infrastructure that can resist any kind of adverse effects and will have a long life. A bridge bearing is a structural component of a bridge that transfers loads from the bridge superstructure to the bearing support elements. Bridge bearings allow for thermal expansion and movement of the bridge deck due to live loads, while ensuring the structural integrity of the bridge. There are many different types of bridge bearings, each with its own advantages and disadvantages. The most common types of bridge bearings are elastomeric bearings, pot bearings, and rocker bearings.

Europe Bridge Bearings Market Dynamics

Drivers

• Growth in the construction industry across the European region

Bridge bearings are extensively used for the construction of bridges. They are typically located between the bridge piers structure and superstructure (bridge deck), playing an important role in the force transmission and accommodation of the deformation caused by thermal expansion and stress due to temperature change and reducing the stress involved by seismic activity. Bridge bearing distributes the weight, motion, and movement in vertical and horizontal directions from the superstructure and transfers the load to the bridge piers and abutments.

The construction industry is one of the most emerging industries that has a major impact on the socio-economic development of any country, both developed and developing. An increase in economic development and growth in infrastructure including highways, railways, bridges, airports, sea ports, buildings, and others are the priority of any nation. Bridge bearings are used mainly for bridge construction as a component of bridges between the bridge structure and superstructure. This helps in providing connectivity and access to employment and social, health, and education services. Roads open up areas, make connectivity between places, and stimulate economic and social development. For that reason, road infrastructure is the most important aspect of all public assets.

• Boost in governmental investments in new infrastructure projects

European government focuses on investment in new infrastructure projects since the infrastructure is directly linked to stabilizing the country's economy. The economy needs reliable infrastructure to connect supply chains and efficiently move goods and services across borders. Infrastructure connects households with metropolitan areas to higher quality opportunities for employment, healthcare and education.

• In Europe, local governments are taking an important role in investment in new infrastructure, accounting for more than half of the total public investment in 2015. Governments are taking importance in boosting the infrastructure as it helps boost economic potential in the short and long term. In the short term, a substantial increase in government spending on labor-intensive infrastructure can stimulate the economy by creating jobs that contribute to the overall development of the country. In the medium and long term, the boost in investment in new infrastructures such as transport like highways, railways, bridges and dams will increase the potential supply capacity of an economy and allow the business to grow and expand, enabling them to extend supply chains, deepen labour and product markets, collaborate, innovation and attract inward investment.

The focus by the governmental body funding and investment in new infrastructure projects and the development of various projects on the construction of many upcoming infrastructures, especially roadways, railways and bridges. Bridge bearing is the major component and material used to construct the bridge for a safe and reliable bridge. The demand for bridge bearing in the market will grow exponentially in the next forecasting period.

Opportunities

•  Offering of tailor made requirements as per requirements by manufacturers

The demand for a tailor or customized product where the different customers require a different choice according to their needs. When we talk about civil engineering infrastructures like bridges, different bridges have different architectural designs. To fulfill the various roles, carry different types of weight, and obtain a bearing of various sizes and complexities, various bridges strongly vary in their appearance, load capacity, structural type elements, construction materials and more. Likewise, every design of the bridge requires a different type of bearing which will fit with the structure of the bridge to have proper efficiency and provide more strength. With the development of technologies, various companies in this sector are moving forward to develop and to full fill the need of the customer. Several companies are coming to the service of providing tailor-made bridge bearing as per the requirement.

Tailor-made or customized bridge bearings can provide the design and manufacturing installation of heavy bespoke mechanical bearings. This solution saves time and money by reducing the number of the interface between supply and construction. It also provides an advantage in the asset preservation and maintenance service, which allows the builders to replicate the same design. This bearing product solution can be customized to meet the most challenging cases. The advancement of technologies and the availability of tailor-made or customized products will allow the customer to get a design of their need. This will act as an opportunity for the market to grow if we take proper attention to providing solutions.

Restraints/Challenges

•  Volatility in raw material prices used in bridge bearings

Raw materials being the backbones of any manufacturing units and when it comes to bridge bearing manufacturing companies dependent in raw materials is no exceptions. Companies are finding hard time in dealing with fluctuating cost of the raw materials and things get worst when followed by a decrease in sales price, however a margin squeeze is inevitable. Highly volatility of raw material cost will greatly endanger a company’s success. Volatility and unstable of raw materials in the Europe market has been widespread due to the rising cost of energy, steel and cement and other raw material used in the manufacturing of bridge bearing. It is expected to increase fluctuation of raw material costs, unforeseen obstacles, and destabilized supply chains are making it difficult for manufacturers to catch up with the market. With suppliers of many raw materials are harder to secure the commodity price of many raw materials fluctuate. It is difficult for the manufacturer to maintain the market price of the market and fluctuation of the product will lead to customer trust issues and let the customer choose another alternative.

Recent Development

• In September 2022, mageba will provide training in Switzerland, which will ensure essential knowledge – both theoretical and practical. The highest importance was given to having the central focus on technical consulting and sales to incorporate the knowledge into the projects.
• In October 2022, Freyssinet Spain teams, in association with Acciona and Tecade, are carrying out important renovation and improvement works for the El Centenario Bridge in Sevilla.

Europe Bridge Bearing Market Scope

Europe bridge bearings market is categorized based on material type, products and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

By Material Type

• Steel
• Rubber
• combined

On the basis of material type, the Europe bridge bearings market is segmented into rubber, steel and combined.

By Product

• Elastomeric bearing
• Pot bearing
• Roller bearing
• Spherical bearing
• Sliding plate bearing
• Disc bearing
• Others

On the basis of product, the Europe bridge bearings market is segmented into elastomeric bearings, pot bearings, roller bearings, spherical bearings, sliding plate bearings, disc bearings and others.

By Application

• Highways bridges
• Railways bridges
• Others

On the basis of application, the Europe bridge bearings market is segmented into highway bridges, railway bridges and others.

Europe Bridge Bearings Market Regional Analysis/Insights

The Europe bridge bearings market is segmented into three notable segments based on material type, product and application.

The countries in the Europe bridge bearings market are Germany, United Kingdom, France, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Hungary, rest of Europe.

Germany is expected to dominate the Europe bridge bearings market due to the high number of market players present in Germany and the increased of usage of bridge bearing in various industrial processes by manufacturers.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points downstream and upstream value chain analysis, technical test and 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 the Europe 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 a forecast analysis of the country’s data.

Competitive Landscape and Europe Bridge Bearings Market Share Analysis

The Europe bridge bearings market competitive landscape provides details of 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 trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Europe bridge bearings market.

Some of the major market players operating in the market are mageba, Freyssinet, Gumba GmbH & Co. KG, Mekano 4, DIXON INTERNATIONAL GROUP LTD., USL Ekspan, VSL International Ltd, and MAURER SE., among others.

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