Crash Barrier Systems Market to Surpass Around USD 18.93 Billion by 2030: The Brainy Insights
The global market for the crash barrier systems is being pushed by the world’s expanding infrastructure and automotive sectors. Asia Pacific region emerged as the largest market for the global crash barrier systems market, with a 38.12% share of the market revenue in 2021.
Newark, Sept. 06, 2023 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global crash barrier systems market is expected to grow from USD 8.3 billion in 2021 to USD 18.93 billion by 2030, at a CAGR of 9.6% during the forecast period 2022-2030.
Barrier Systems offers security and safety solutions for domestic lanes, trains, commercial properties, and motorways, among other places. It is made of devices like concrete barriers, guard rails, and fences to redirect the vehicle down the right path accurately. They are used to successfully control vehicle capacity by lowering the likelihood of vehicle encroachment. It has a significant range of applications in the new and existing buildings. Road safety barriers enable not only a decrease in the number of traffic accidents but also a reduction in the severity of such incidents.
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High commercial infrastructure spending is predicted to create a market for the crash barrier systems. The crash barrier system is in high demand for traffic control mechanisms such as entering and exiting, parking zones, and improving safety. Barrier systems are essential in confirming safety solutions on highways, runways, household lanes, business buildings, trains, and other locations. They are designed to handle automobiles effectively and decrease the chance of vehicle invasions. One of the primary issues for transportation agencies and network operators is road safety and security. Every year, many people are killed due to human mistakes or driver concentration. The crash barrier systems are erected on roads to reduce high-speed cars’ effect and avoid deaths and injuries. Businesses have started to use advanced approaches to make crash barriers better with the advent of new technology. Increased knowledge of traffic safety for both vehicles and pedestrians has resulted in the global rise of the barrier industry. With their expanding road networks, highways are likely to drive the expansion of the crash barrier systems market. Key players operating in the global crash barrier systems market are Lindsay Corporation, Tata Steel Ltd., Hill & Smith Holdings PLC, Trinity Industries Inc., ATG Access Ltd., Avians, Deltabloc, Transpo Industries, Omnitec, A-Safe UK Ltd., Arbus Ltd, Frontier Polymers Ltd. among others. To enhance their market position in the global crash barrier systems market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• Lindsay Corporation introduced ABSORB-M, a novel, non-directive, liquid crash cushion system, in August 2019. The ABSORB-M, certified by the American Association of State Highway and Transportation officials manual for Assessing Safety Hardware Test Level TL-2 and TL-3 standards, is ideal for tight environments with limited road and workplace.
• Valmont Industries, Inc. debuted Highway Guard LDS, a metal safety barrier that is MASH 16 TL-3 approved. It has a T-connector, which speeds up the execution, maintenance, and dissociation of barrier sections. It may also cut portions of a run to provide accessibility gaps, repair broken pieces, and adjust the duration of a barriers course.
The portable crash barrier systems segment led the market in 2021 with a market share of around 56%.
The type segment is divided into fixed and portable. The portable crash barrier systems segment led the market in 2021 with a market share of around 56% and a market value of 4.64 billion.
The crash cushions segment led the market in 2021 with a market share of around 37.3%.
The device segment is divided into end treatments, crash cushions, and GEAT. The crash cushions segment led the market in 2021 with a market share of around 37.3% and a market value of 3.09 billion. Crash cushions are separated from comparable devices such as liquid and soil plastic barriers, fencing, barricades, and reduced dampers within the broad category of the crash barrier systems. Crash cushions are classified according to how much higher velocity they can absorb, whether they transmit speed to soft inorganic molecules, employ crushable components, or transfer physical energy to heat via tubes. The categorization of these pieces of equipment is done following the regulations established by the local governing authority.
The flexible segment led the market in 2021 with a market share of around 34.8%.
The technology segment is divided into rigid, flexible, and semi-rigid. The flexible segment led the market in 2021 with a market share of around 34.8% and a market value of 2.88 billion. It works with access circuit boards routinely used by municipal catastrophe management, emergency crews, traffic enforcers, etc.
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Regional Segment Analysis of the Crash Barrier Systems Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, the Asia Pacific region emerged as the largest market for the global crash barrier systems market, with a market share of around 38.12% and a 3.16 billion market revenue in 2021. Asia-Pacific is the major contributor to the market in terms of revenue attributed to the prevalence of numerous essential companies in this region. The region’s infrastructure and economy are likely to multiply. Roads and railroads are increasing due to substantial infrastructure spending in China and India. Foreign direct investment in India is rising, which boosts the market for barrier systems.
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About the report:
The global crash barrier systems market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality output within a short span of time. We provide both customized (clients’ specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients’ requirements whether they are looking to expand or planning to launch a new product in the global market.
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