Home > Construction > Construction Equipment > Elastomeric Bearings Market

Elastomeric Bearings Market Trends

  • Report ID: GMI10457
  • Published Date: Jul 2024
  • Report Format: PDF

Elastomeric Bearings Market Trends

There is a growing emphasis on sustainability within the elastomeric bearings industry, prompting manufacturers to develop eco-friendly solutions that minimize environmental impact. This includes using sustainable materials and adopting greener production processes to create elastomeric bearings and sealing solutions that meet eco-conscious standards. Organizations are also forming collaborations to enhance innovation and share best practices, which facilitate the development of sustainable products. These partnerships not only drive advancements in material science and design but also strengthen competitive positioning in a market increasingly focused on environmental responsibility and compliance with regulatory standards.
 

There is a growing emphasis on compliance with stricter seismic design codes and standards, leading to the development of elastomeric bearings specifically engineered for seismic resilience. Manufacturers are exploring innovative materials and composites that provide superior performance under seismic loads, enhancing the durability and reliability of elastomeric bearings. Manufacturers are increasingly collaborating with structural engineers to develop tailored elastomeric bearing solutions that meet specific seismic performance criteria. Governments and organizations are investing more in seismic retrofitting and new constructions that prioritize earthquake resilience, driving demand for specialized elastomeric bearings.
 

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The elastomeric bearings market was valued at USD 3.5 billion in 2023 and is anticipated to grow over 4% CAGR between 2024 and 2032 driven by the increasing focus on seismic safety.

The viaducts segment in the elastomeric bearings market is growing with over 5% CAGR between 2024 and 2032 due to innovations such as high-performance elastomer compounds.

The North America elastomeric bearings market is expected to reach USD 1.5 billion by 2032 owing to the need to upgrade aging infrastructure and enhance seismic safety.

Mageba Group, Trelleborg AB, Freyssinet Group, Canam Group Inc., RJ Watson, Inc., Cosmec Inc., and VIP-Polymers Ltd. among others.

Elastomeric Bearings Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 282
  • Countries covered: 21
  • Pages: 220
 Download Free Sample