The global bridge bearings market size is calculated at USD 783 million in 2024 and is predicted to reach around USD 1,263 million by 2034, expanding at a CAGR of 4.9% from 2024 to 2034.
The bridge bearings market refers to the production, distribution, and use of this bearing, which is a component of a bridge that typically provides a resting surface between bridge piers and the bridge neck. It is a component of a bridge that transmits the loads received from the deck onto the substructure and allows controlled movement due to temperature variation or seismic activity, thereby reducing the stresses involved. These bearings act to reduce friction and allow for smoother rotation. It carries both vertical and horizontal directions from the bridge. There is a high demand for these bearings in industrial bridges, pedestrian bridges, and railway and road bridges, which is driving the growth of the bridge bearings market.
However, the risk factors of the market include rapidly changing technologies, lack of skilled professionals, and high initial investment that can be barriers to the growth of the market. The future scope of the market includes advancement in data analytics, machine learning, and artificial intelligence, product innovation & customization, and investment in research and development that will help the growth of the bridge bearings market.
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| Stats ID: | 7577 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7577 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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