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Crash Barrier System Market: By Type (Fixed and Portable), By Technology (Rigid, Semi-rigid, and Flexible), By Application (Work zone barriers, Roadside barriers, Median barriers, Bridge barriers) And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Crash barrier system contains longitudinal steel bars in W shape that are overlapped, and joined with support beams vertically that are fixed permanently on the side of road, side rails of passageways or bridges also the tunnels. The barrier system is made out of specially designed steel for safety, high, and fast visibility to prevent any accidents. The increasing demand for acquiring the product from several applications such as guardrails, bridge, median and work zone barriers attributes to the growth of market. The manufacturing of crash barriers is easy and provide good protection from damage, thereby driving the implementation of crash barriers on roadways, bike lanes, bridges, desert roads, terrain, and highways.
The Crash Barrier Systems market to surpass USD 11.34 billion by 2032 from USD 7.39 billion in 2021 at a CAGR of 4% in the coming years, i.e., 2022-32.The crash barrier systems market is likely to grow by the increase of automotive and construction industry as said by the business persons and experts of industry. The main boosting factor for Crash barrier systems market during the forecast period is increase in building and automotive industries throughout the world.
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Crash Barrier System Market is classified based on the type into fixed and portable. The fixed segment accounted for the largest market share globally in 2021 and is also anticipated to be the fastest growing segment during the forecast timeframe. Fixed crash barriers used as safety barriers to prevent the vehicles from collapsing and crashing over the sides of the road way or valley. Fixed crash barriers are mainly fixed on mountainous roads, roadside highways, hilly roads, and roads beside water bodies. The increased globalization in the past years led to advancements in the land transportation system, thereby increasing the market.
Crash Barrier System Market is classified based on the application into median barriers, work zone barriers, bridge barriers, roadside barriers, and others. The roadside barriers segment is accounted for the highest market share in 2021. Roadside barriers are made of concrete, steel, or a combination which are rigid barriers. They are installed onto highway structures such as bridges, retaining walls, or building facilities. The main purpose is to prevent any vehicle from falling off the roads and severity of reduce crash.
The Crash Barrier System market size is increased by the surge in construction and automotive industries. This growth of market is due to the rise in sales of automobile as the consumer purchasing power has increased in developed and developing countries. Moreover, urbanization led to the construction of highways and paved roads leading to increase of Crash Barrier System market growth. Increase in commercialization is also helping the growth of the sector as demand in commercial sector led to the construction of parking lots and spaces, which are prone to accidents
Developing countries are looking forward for strengthening their national road safety legislations and to establish regional regulations and instruments & to achieve overall safety on road. This will aim in supporting the implementation of necessary legal instruments effective internationally at the national and sub-regional levels, including proper crash barrier system installation.
The key restraint for the Crash Barrier System market is the volatility of raw materials price. The materials used to manufacture crash barrier systems are metal and rubber products like aluminium, rubber and steel. These materials prices are highly volatile, making difficult to procure at a constant price. This leads to increased raw material procurement costs, thereby increasing the total cost of the finished product, leaving manufacturers with limited opportunities for profit margin.
Company Overview, Business Strategy, Financial Performance, Key Product Offerings, Key Performance Indicators, Recent Development, Regional Presence, Risk Analysis, SWOT Analysis
Crash Barrier System market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe held the dominant market share of Crash Barrier Systems Market. Europe's market growth is due to the increase in advanced technological buildings. Several measures taken by the European Union to increase usage of advanced materials to guarantee the safety of the structures and buildings which will help further to boost the market. Due to several technological advancements and improved construction methods, the North America Crash Barrier System industry is attributed to growth over forecast period.
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The pandemic has severely affected the demand of various products and as the market is significantly dependent on improving road safety regulations and preventing road accidents. Lockdown due to the pandemic has affected the number of drivers on the road adversely, thereby affecting the growth of market. Moreover, the termination of infrastructure development and constructional activities had a negative impact on the market which slowed the production of raw material disrupting the supply and leading to shortage.
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REPORT ATTRIBUTE |
DETAILS |
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Market size value in 2021 |
USD 7.39 billion |
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Revenue forecast in 2032 |
USD 11.34 billion |
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Growth Rate |
CAGR of 4% from 2022 to 2032 |
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Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report coverage |
Revenue forecast, competitive landscape, company ranking, growth factors, and trends |
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Segments covered |
Type, Application, Technology and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Avon Barrier Corporation Ltd, Barrier1 Systems, LLC, Hill Smith Holdings PLC, Valmont Industries, Inc., Nucor Corporation, N.V. Bekaert SA, Transpo Industries, Inc., Lindsay Corporation, Arbus Limited, Trinity Industries, Inc and Other Prominent Players |
Crash Barrier System market size was estimated at 7.39 billion USD in 2021 and is expected to grow to 11.34 billion USD by 2032
A crash barrier system contains longitudinal steel bars in W shape that are overlapped, and joined with support beams vertically that are fixed permanently on the side of road, side rails of passageways or bridges also the tunnels.
Fixed Segment and Roadside barrier segment are accounted for the largest Crash Barrier System market share.
Key players: Avon Barrier Corporation Ltd, Barrier1 Systems, LLC, Hill Smith Holdings PLC, Valmont Industries, Inc., Nucor Corporation, N.V. Bekaert SA, Arbus Limited, Transpo Industries, Inc., Lindsay Corporation, Trinity Industries, Inc. and Other Prominent Players are the key players in the Crash Barrier System market.
Growing Construction and Automotive Industries and Strengthening of National Road Safety Legislations are the factors driving the Crash Barrier System market.
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