Bridge expansion joint, also known as the movement joint, is an important component in the construction of bridges. It is an assembly that is generally used in bridge structures. These joints are designed to hold other components of the bridge together. Movement joint or bridge expansion joint are designed to absorb the expansion and contract of vibration, which allows movement of vehicles over the bridge. Moreover, these expansion and contractions are temperature induced processes. These temperature induced contraction and expansion are generally found in buildings and bridges.
COVID-19 scenario analysis:
- The demand for bridge expansion joint is expected to decrease in 2020 due to low demand from different industries, such as construction, owing to the lockdown imposed by governments of many countries.
- COVID-19 pandemic has forced many companies in the bridge expansion joint market to halt their business operations to comply with new government regulations. This pause in operations directly impacts the revenue flow of the bridge expansion joint market.
- The roads and highway industry is also at a standstill except some emergency maintenance works due to lockdown imposed by governments across the world.
- The lockdown has halted production of raw materials, which created shortage of raw materials and stopped new consignments.
- Many governments across the world are permitting to begin their construction activities; however, employers have to follow certain measures to provide a safe and healthy workplace.
- The lockdown imposed by the governments have negatively affected the bridge expansion joint market across the world, which is expected to recover slowly.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Bridge expansion joints or movement joints are used to allow the continue flow of traffic within the structures to accommodate the shrinkage and movement. They are also used for the accommodation of temperature variation on pre-stressed steel, composite, and concrete structures. The demand for bridge expansion joint is expected to rise during the forecast period due to its wide range of application.
If there is continuous flow of heavy traffic on the bridge, then there is a possibility of bending of the bridge after some years. With the help of movement joints or bridge expansion joints, such damages can be reduced. Therefore, the use of bridge expansion device becomes mandatory and this could be the key factor for the market growth. Moreover, enough vertical movements during the bearing replacement process are allowed without dismantling the bridge expansion joints. There are various types of movement joints or bridge expansion joints, which have the movement capacity of 30 to 1,000 millimeters (mm). Furthermore, transportation related construction activities are increasing across the world. Flyovers and sea bridges are under construction in different countries. The demand for bridge expansion joint is more due to the high number of projects. This could be the key driving factor for the growth of the bridge expansion joint market. Asia-Pacific is one of the most important regions for the growth of the bridge expansion joint market. In countries, such as India and China, many projects are under construction. Therefore, the demand for bridge expansion joints could be more from these countries.
New product launch to boost the market
Different companies in the bridge expansion market try to develop and introduce new products in the market. These products are expected to be more advanced, effective, and give better results than the old products. For example, in March 2019, Watson Bowman Acme, one of the leading companies in the bridge equipment market, launched advanced bridge expansion joint, WaboFS Bridge seal. It is foam supported silicon bridge expansion joint system, which is designed to withstand thermal shock conditions. This product has been used by many companies during the construction of bridges in different countries.
Mergers and acquisitions in the bridge expansion joint market
Considering the growth of the construction industry, many companies across the globe are trying to compete to reduce the threat of the market competition. For example, in January 2018, RJ Watson, Inc., the supplier and manufacturer of bridge bearing, announced the business partnership deal with Structural Technologies. After this partnership, RJ Watson, Inc. is expected to be able to mark its position in transportation-related construction activities and look to expand its business across the globe.
Key benefits of the report:
- This study presents the analytical depiction of the bridge expansion joint market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bridge expansion joint market share.
- The current market is quantitatively analyzed to highlight the bridge expansion joint market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Bridge Expansion Joint Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By Movement Capacity |
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 By Region |
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 Key Market Players | Metal Engineering & Treatment Co. Pvt. Ltd., Granor Rubber & Engineering, Watson Bowman Acme, Mageba SA, Gumba GmbH & Co. KG, KantaFlex Pvt. Ltd., Ekspan, Canam Group Inc., RJ Watson, Inc., Freyssinet |
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