PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150041
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150041
The global crash barrier systems market size is expected to reach USD 10.17 billion by 2030, according to a new study by Polaris market research. The report "Crash Barrier Systems Market Share, Size, Trends, Industry Analysis Report, By Type; By Technology (Flexible Barriers, Rigid Barriers, Semi-rigid Barriers); By Application; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The expansion of the global market for crash barrier systems should benefit from government initiatives that concentrate on infrastructure development. It will be necessary to place safety barriers during the building of roads, railroads, and airports in order to guarantee the security of both vehicles and pedestrians.
Along with increasing spending on infrastructures such as airports and roads with a great focus on industrialization are positively impacted market expansion.
The demand for crash barrier systems will rise as more routes, including roads, highways, and bridges, are built. A proper solution for crowd control, including entry and departure points, parking areas, and pedestrian safety, will also be needed due to increased commercial infrastructure investments.
The development of the crash barrier systems is significantly reliant on raw resources. Production becomes simple as soon as these raw resources are affordable. However, raw material costs are extremely erratic; if they increase, so do production costs, which drive up the cost of completed goods for consumers.
Steel and concrete are employed as crash barrier raw materials. Steel prices were under pressure as a result of the COVID-19 pandemic that spread throughout the world. In the fourth quarter of 2019, the cost of a metric ton of Chinese hot-rolled coil was USD 465.
Rising demand for efficient crowd control solutions relies heavily on such barrier systems, which mostly include gates, drop arms, and guard rails, significantly supported by favorable government initiatives. For instance, the Indian government allocated 217 projects totaling USD 15.1 Bn in 2021, providing an infrastructure boost to the country. The market for the crash barrier systems is therefore driven by government investments in infrastructure growth.
Crash Barrier Systems Market Report Highlights
The fixed barrier segment, which held the biggest global market share in 2021, is also predicted to increase quickly during the projection period. Fixed crash barriers serve as safety barriers, preventing collisions and cars from collapsing into ravines or over the road's edge.
The rigid category held the most market share, and it is projected to maintain its dominance throughout the forecast period. Due to the vehicle's internal kinetic energy storage, there is little dynamic deflection when it impacts a stiff barrier.
In 2021, the roadside market sector was the largest. Roadside access-blocking structures may be made of steel, concrete, or a combination. They are secured to retaining walls, bridges, and highway construction sites.
Europe accounted major market share. The development of technologically superior structures is responsible for the market increase in Europe.
Major players operating in the industry include Tata steel Europe, NV Bekaert, Valmont Industries, Trinity Industries, and Nucor Corporation.
Polaris Market Research has segmented the Crash Barrier Systems Market report based on type, technology, application, and region:
Crash Barrier Systems, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Fixed Barrier Systems.
Movable Barrier Systems
Crash Barrier Systems, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Flexible Barriers
Rigid Barriers
Semi-rigid Barriers
Crash Barrier Systems, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Bridge Barriers
Median Barriers
Roadside Barriers
Work Zone Barriers
Crash Barrier Systems, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Crash Barrier Systems Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Technology
Figure 7. Global Crash Barrier Systems Market, by Technology, 2021 & 2030 (USD Billion)
Figure 8. Market by Type
Figure 9. Global Crash Barrier Systems Market, by Type, 2021 & 2030 (USD Billion)
Figure 10. Market by Application
Figure 11. Global Crash Barrier Systems Market, by Application, 2021 & 2030 (USD Billion)
Figure 12. Crash Barrier Systems Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Crash Barrier Systems Market