Global Friction Pendulum Bearing Market Overview
The Friction Pendulum Bearing Market Size was estimated at 0.47 (USD Billion) in 2022. The Friction Pendulum Bearing Industry is expected to grow from 0.51(USD Billion) in 2023 to 1.015 (USD Billion) by 2032. The Friction Pendulum Bearing Market CAGR (growth rate) is expected to be around 7.98% during the forecast period (2024 - 2032).
Key Friction Pendulum Bearing Market Trends Highlighted
Key market drivers include rising demand from the construction industry, increasing infrastructure investments, and growing emphasis on seismic safety measures. Opportunities exist in emerging economies with rapid urbanization and a need for resilient infrastructure. Recent trends include the development of high-performance friction pendulum bearings with enhanced energy dissipation and rotational capacity. The market is also witnessing advancements in materials and design, leading to improved durability and efficiency. Additionally, government regulations mandating seismic protection measures in high-risk zones are driving market growth. These trends suggest a promising future for the friction pendulum bearing market, with continued innovation and a focus on durability, efficiency, and resilience.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Friction Pendulum Bearing Market Drivers
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Rising Demand for Seismic Protection in Infrastructure
With the increasing interest in the destructive impact of earthquakes on critical infrastructure, the demand for a reliable technology for protection against seismic forces has been growing. Friction pendulum bearings have proven to be an effective and viable technology for protection of structures. They enable isolation of buildings and bridge s from the ground motion, which can minimize the expenses associated with damage and downtime. Therefore, in the situation of increased focus of governments and private entities to the need to protect the infrastructure through resilience, the demand for such bearings is likely to grow.
Advancements in Material and Design
Technological advancements in materials and design have significantly improved the performance and durability of FPBs. The use of high-strength steel, composite materials, and innovative damping mechanisms has enhanced their load-bearing capacity and energy dissipation capabilities. Furthermore, advancements in modeling and simulation techniques have enabled engineers to optimize FPB designs for specific seismic conditions, ensuring optimal performance and cost-effectiveness.
Government Regulations and Building Codes
In conclusion, seismic protection is becoming an integral part of public safety policy and a key element of economic stability worldwide. More and stricter building and civil engineering codes and regulations require various types of seismic isolation devices, including FPBs. As well, they stimulate retrofitting in large existing building stocks. FPB manufacturers, therefore, have a good chance for business development.
Friction Pendulum Bearing Market Segment Insights
Friction Pendulum Bearing Market Bearing Type Insights
The Friction Pendulum Bearing Market is segmented by Bearing Type into Sliding Friction Pendulum Bearing and Rolling Friction Pendulum Bearing. Among these, the Sliding Friction Pendulum Bearing segment held a larger market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for these bearings in various applications, such as bridges, buildings, and other structures, where they are used to protect against seismic forces. The Rolling Friction Pendulum Bearing segment is expected to witness significant growth in the coming years due to its advantages over Sliding Friction Pendulum Bearing, such as lower friction and longer service life.The Rolling Friction Pendulum Bearing segment is expected to reach USD 0.505 billion by 2023, growing at a CAGR of 8.12% from 2024 to 2032. Overall, the Friction Pendulum Bearing Market is expected to grow steadily in the coming years, driven by increasing demand from various industries and the growing popularity of Rolling Friction Pendulum Bearing.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Friction Pendulum Bearing Market Load Capacity Insights
The Friction Pendulum Bearing Market is segmented by load capacity into low, medium, and high load capacity. Among these segments, the medium load capacity segment is expected to hold the largest market share in 2023, owing to its wide application in various industries such as construction, transportation, and manufacturing. The high load capacity segment is projected to grow at the highest CAGR during the forecast period, primarily due to the increasing demand for friction pendulum bearings in heavy-duty applications such as bridges and skyscrapers.The low load capacity segment is also expected to witness significant growth, driven by its increasing adoption in lightweight structures and equipment. Overall, the Friction Pendulum Bearing Market is expected to exhibit steady growth in the coming years, with the increasing demand for these bearings in various industries.
Friction Pendulum Bearing Market Usage Insights
The Friction Pendulum Bearing Market is segmented based on usage into bridges, building, and other structures. Among these, the bridge segment is expected to hold the largest market share in 2023. This is attributed to the increasing construction of new bridges and the need for seismic retrofitting of existing bridges. The building segment is also expected to witness significant growth during the forecast period due to the rising demand for high-rise buildings and the adoption of seismic isolation systems. The other structures segment includes stadiums, hospitals, and industrial facilities, which are also expected to contribute to the growth of the Friction Pendulum Bearing Market.Overall, the increasing demand for seismic protection measures is driving the growth of the Friction Pendulum Bearing Market.
Friction Pendulum Bearing Market Material Insights
The Friction Pendulum Bearing Market is segmented based on Material into Steel, Rubber, Stainless Steel. The Steel segment held the largest market share in 2023 and is expected to continue dominating the market during the forecast period. The growth of this segment can be attributed to the increasing demand for steel friction pendulum bearings in bridges and buildings due to their high strength, durability, and cost-effectiveness. The Rubber segment is expected to witness a significant growth rate during the forecast period due to the rising demand for rubber friction pendulum bearings in seismic isolation systems.The Stainless Steel segment is also expected to exhibit a steady growth rate during the forecast period due to its excellent corrosion resistance and high strength-to-weight ratio.
Friction Pendulum Bearing Market Application Insights
The Friction Pendulum Bearing Market segmentation by Application includes Seismic Isolation, Vibration Isolation, and Other Applications. Among these, Seismic Isolation holds the largest market share. This is attributed to the increasing demand for Friction Pendulum Bearings in earthquake-prone regions to protect structures from seismic forces. For instance, in 2021, Japan installed over 10,000 Friction Pendulum Bearings in new and existing buildings to enhance their seismic resilience. Vibration Isolation is another significant application segment, driven by the need to reduce vibrations in various industrial and commercial settings.Other Applications include noise control, shock absorption, and bridge construction. The Friction Pendulum Bearing Market revenue for the Application segment is projected to reach USD 0.57 billion in 2024, exhibiting a CAGR of 8.2% during the forecast period 2023-2032.
Friction Pendulum Bearing Market Regional Insights
The Friction Pendulum Bearing Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023, and is expected to continue its dominance throughout the forecast period. The growth of the North American market can be attributed to the increasing adoption of friction pendulum bearings in the construction of bridges and other structures in the region. Europe is the second largest market for friction pendulum bearings, and is expected to grow at a steady pace during the forecast period.The growth of the European market is being driven by the increasing awareness of the benefits of friction pendulum bearings, such as their ability to reduce seismic forces and improve structural stability. The APAC region is expected to be the fastest growing market for friction pendulum bearings over the forecast period. The growth of the APAC market is being driven by the increasing demand for infrastructure development in the region. South America and MEA are expected to experience moderate growth in the friction pendulum bearing market over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Friction Pendulum Bearing Market Key Players And Competitive Insights
Major players in Friction Pendulum Bearing Market industry are continuously improving their Friction Pendulum Bearing Market offerings to meet customer demands and maintain their market positions. Leading Friction Pendulum Bearing Market players are actively involved in research and development activities to enhance their products and services. The competitive landscape of the Friction Pendulum Bearing Market is expected to undergo changes as new entrants emerge and existing players expand their presence. Partnerships and acquisitions are anticipated to be prominent strategies adopted by key players to broaden their product portfolios and geographical reach.Trelleborg is a leading company in the Friction Pendulum Bearing Market. The company has a strong presence and offers a wide range of Friction Pendulum Bearings. Trelleborg is known for its high-quality products and its commitment to customer service. The company has a team of experienced engineers who work closely with customers to develop customized solutions.Mabey is a competitor to Trelleborg in the Friction Pendulum Bearing Market. The company is known for its innovative products and its competitive pricing. Mabey has a strong presence in Europe and is expanding its reach into other regions. The company has a team of engineers who are experts in the design and manufacture of Friction Pendulum Bearings.
Key Companies in the Friction Pendulum Bearing Market Include
- KELZA Engineering
- S Industrial Minerals
- Mabey Bridge
- FIP Industriale
- ENEGI
- NSK Ltd.
- WSP Group
- Lombardi S.r.l.
- Trelleborg AB
- Furukawa Electric Co., Ltd.
- Zandonini spa
- VibroAcoustic Consultants Inc.
- Reed Mallik Ltd.
- WISON Engineering Ltd.
- Zenith Technologies LLC (ZTech)
Friction Pendulum Bearing Market Industry Developments
The Friction Pendulum Bearing Market is projected to reach USD 1.015 billion by 2032, exhibiting a CAGR of 7.98% during the forecast period. Increasing adoption of FPBs in bridges and structures to enhance seismic resilience is driving market growth. Government regulations mandating the use of seismic protection systems in earthquake-prone regions further contribute to demand. Key players are focusing on product innovation and expanding their geographical presence to cater to the growing market. Recent developments include the launch of friction pendulum bearings with enhanced load-carrying capacity and improved damping characteristics.
Friction Pendulum Bearing Market Segmentation Insights
Friction Pendulum Bearing Market Bearing Type Outlook
- Sliding Friction Pendulum Bearing
- Rolling Friction Pendulum Bearing
Friction Pendulum Bearing Market Load Capacity Outlook
- Low Load Capacity
- Medium Load Capacity
- High Load Capacity
Friction Pendulum Bearing Market Usage Outlook
- Bridge
- Building
- Other Structures
Friction Pendulum Bearing Market Material Outlook
- Steel
- Rubber
- Stainless Steel
Friction Pendulum Bearing Market Application Outlook
- Seismic Isolation
- Vibration Isolation
- Other Applications
Friction Pendulum Bearing Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
0.47(USD Billion) |
Market Size 2023 |
0.51(USD Billion) |
Market Size 2032 |
1.015(USD Billion) |
Compound Annual Growth Rate (CAGR) |
7.98% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
KELZA Engineering, S Industrial Minerals, Mabey Bridge, FIP Industriale, ENEGI, NSK Ltd., WSP Group, Ing. Lombardi S.r.l., Trelleborg AB, Furukawa Electric Co., Ltd., Zandonini spa, VibroAcoustic Consultants Inc., Reedย Mallik Ltd., WISON Engineering Ltd., Zenith Technologies LLC (ZTech) |
Segments Covered |
Bearing Type, Load Capacity, Usage, Material, Application, Regional |
Key Market Opportunities |
Infrastructure development Growing seismic activity Increasing demand for highrise buildings Urbanization Technological advancements |
Key Market Dynamics |
Increasing infrastructure investments growing concern for seismic safety urbanization technological advancements rising demand for costeffective seismic isolation solutions |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Friction Pendulum Bearing Market is expected to reach USD 0.51 billion in 2023.
The Friction Pendulum Bearing Market is projected to grow at a CAGR of 7.98% from 2024 to 2032.
North America is expected to hold the largest market share in the Friction Pendulum Bearing Market by 2032.
Key applications of Friction Pendulum Bearings include seismic isolation of bridges, buildings, and other structures.
Key competitors in the Friction Pendulum Bearing Market include FIP Industriale S.p.A., Maurer Shne GmbH KG, and Sumitomo Rubber Industries, Ltd.
Major factors driving the growth of the Friction Pendulum Bearing Market include increasing demand for seismic isolation solutions and rising infrastructure development.
Challenges faced by the Friction Pendulum Bearing Market include high cost and limited availability of raw materials.
Emerging trends in the Friction Pendulum Bearing Market include the development of self-centering Friction Pendulum Bearings.
The Friction Pendulum Bearing Market is expected to reach USD 1.015 billion by 2032.
The COVID-19 pandemic had a moderate impact on the Friction Pendulum Bearing Market, leading to temporary disruptions in supply chains and project delays.