Bridge Cable Sockets Sales Surge with Continued Efforts toward Suspension and Cable-Stayed Bridge Design Improvements

Dublin, Ireland, 2020-Feb-14 — /EPR Network/ — The detailed research report on the global bridge cable sockets market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market. The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period. Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global bridge cable sockets market.

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. Both suspension and cable-stayed bridges are optimal for short spans of length, however, innovations in the area are soon expected to aid in resolving these drawbacks.

The research report on the global bridge cable sockets market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global bridge cable sockets market. Some of the key players mentioned in the research report are

  • WireCo World Group
  • Lexco Cable
  • Esco Corporation
  • Bridon-Bekaert The Ropes Group
  • Auzac Co. Ltd.
  • Muncy Industries
  • CBSI
  • PWB Anchor
  • Ben-Mor

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The research report also offers a great insight on the working dynamics of individual segment of the global bridge cable sockets market. The research report covers the business growth opportunities for the following vital application segments:

  • Pipeline Bridges
  • Cable-stayed bridges
  • Suspension Bridges
  • Pedestrian Bridges
  • Highway/railroad 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.

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.

A gradual shift towards sustainable practices can potentially create a surge in the prices of the materials, which, in turn, could have an adverse impact on the bridge cable sockets market. However, the development of materials such as carbon fiber and alumina-polymer composites offers a lucrative alternative to steel and iron owing to their high tensile strength, lightweight, durability, and relatively environmentally-friendly nature. Additionally, intensifying research for cost-effective production of these materials is expected to benefit bridge cable sockets manufacturers in the foreseeable future.

In terms of type of materials, the global bridge cable sockets market can be segmented into:

  • Wrought Iron
  • Steel

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To provide an in-detailed analysis of the potential opportunities, the research report takes into consideration of the several growth factors across different regional segments. The important geographical segments of the global bridge cable sockets market are as follows:

  • North America
  • Latin America
  • East Asia
  • Europe
  • South Asia
  • Oceania
  • MEA

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