Bridge Cable Sockets Market Projections Deliver Positive Revenue Growth

Posted by Arslan on February 6th, 2020

The Fact.MR report tracks the bridge cable sockets market for the period 2018-2028. According to the report, the bridge cable sockets market is projected to grow at 5.3% CAGR through 2028. According to a recent report of Fact.MR, the bridge cable sockets market is expected to continue its bullish run, with the sales of bridge cable sockets poised to surpass 30000 units in 2019. The surge in sales of bridge cable sockets can be attributed to an assortment of factors such as the resurgence in construction and infrastructure developmental activities worldwide. Numerous studies working towards developing techniques for the construction of durable and more stable suspension and cable-stayed bridges are expected to complement growth of the bridge cable sockets market. One of the significant shortcomings of the current cable-stayed and suspension designs are their limited lengths.

A development complementing the widespread adoption of suspension and cable-stayed bridge designs around the world is the wind tunnel tests aimed at testing impact of aerodynamic forces. Additionally, the leverage of technologies such as machine learning and artificial intelligence in developing software development that can simulate and predict the impact of different environmental conditions on the structure continues to complement demand for bridge cable sockets. According to the report, nearly 45% of the bridge cable sockets manufactured in 2019 are expected to be used in the construction of cable-stayed and suspension bridges.

Cable Systems Replacing Tension Rod Systems in Bridge Construction

Tension rods have gained widespread traction in bridge construction, owing to their effective load distribution over long distances. However, studies suggest that damage to connectors used in the mechanism can substantially increase the risk of bridge collapse. Additionally, the system has been linked to failure below intended loads. This has led to adoption of bridge cable sockets as an effective replacement for tension rod systems, with growing number of incidences alluding failure risks associated with the latter.

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Sustainability-Driven Efforts of Governments to Emerge as Key Growth Determinant

Potential decrease in steel and wrought iron production is estimated to dampen manufacturing of bridge cable sockets, which are primarily manufactured using the two materials. Imposition of stringent government regulations on carbon dioxide emissions and emergence of social movements for environmental betterment are key factors impeding steel and iron production, with these industries accounting for over one-third of carbon dioxide emissions.

Growing concerns regarding the effectiveness of tension rod systems and connectors are likely to complement adoption of cable systems worldwide, in turn contributing to growth of the bridge cable sockets market. Fact.MR estimates the sales of new bridge cable sockets to exceed 23,500 units in 2019.