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Friction Pendulum Bearings Market Share

Report ID: GMI10710
Published Date: Aug 2024
Report Format: PDF

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Friction Pendulum Bearings Market Share

Major players are adopting a multifaceted approach to bolster their competitive position and spur growth. This approach involves heavy investments in R&D to enhance product performance and durability, often through the development of advanced materials and improved design features.

Moreover, these companies are bolstering their market presence by forging strategic partnerships with construction firms and infrastructure developers, ensuring their seismic isolation solutions are integrated into large-scale projects. Simultaneously, they are eyeing emerging markets, fortifying their distribution networks, and homing in on technological advancements. By prioritizing innovation, strategic collaborations, and global expansion, these key players are poised to meet the escalating demand for resilient infrastructure and solidify their market dominance.

Friction Pendulum Bearings Market Companies

Major players operating in the friction pendulum bearings industry are:

Earthquake Protection Systems (EPS)
FIP Industriale
Bridgestone Corporation
Mageba
Dynamic Isolation Systems (DIS)
Nippon Steel Engineering Co., Ltd.
Maurer SE
Tensa

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of friction pendulum bearings was worth about USD 1.96 billion in 2023 and is projected to grow at over 5% CAGR from 2024 to 2032, as these bearings enhance seismic resilience in buildings and infrastructure, making them crucial for constructions in earthquake-prone areas.

The single concave segment of friction pendulum bearings industry is projected to surpass USD 1.6 billion by 2032, owing to their simplicity, cost-effectiveness, and effective seismic dampening for smaller or budget-conscious projects.

In 2023, North America held 33% share in friction pendulum bearings market, bolstered by stringent building codes in high-seismic areas like California and Alaska.

Earthquake Protection Systems (EPS), FIP Industriale, Bridgestone Corporation, Mageba, Dynamic Isolation Systems (DIS), Nippon Steel Engineering Co., Ltd., Maurer SE, and Tensa.