How Barrier Systems are Revolutionizing Traffic Management
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Published: 2024-07-09 06:17:07

The report "Barrier Systems Market by Material (Concrete, Wood, Metal, Plastics), Application (Roadways, Railways, Commercial, Residential), Type (Bollards, Fences, Crash Barriers Systems, Crash Barrier Devices, Drop Arms), Function, & Region - Global Forecast to 2028", size is estimated to be USD 21.1 billion in 2023, and it is projected to reach USD 25.5 billion by 2028 at a CAGR of 3.8%.

Browse in-depth TOC on "Barrier Systems Market"
160 – Tables
48 – Figures
300 – Pages

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Barrier Systems Market Key Players
The barrier systems chemicals market comprises major players such Tata Steel Limited (India), Bekaert (Belgium), Valtir, LLC. (U.S.), Lindsay Corporation (U.S.), Valmont Industries Inc. (U.S.), Hill & Smith Plc (US), Nucor Steel Marion, Inc. (US), Ameristar Perimeter Security (US), A-Safe (UK), Delta Scientific Corporation (US). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the barrier systems market.

Bekaert (Belgium) is a global company in the field of advanced steel wire products and solutions. The company is engaged in offering innovative steel wire products such as wires for reinforcement, steel cords for tires, fencing solutions, steel fibers for concrete reinforcement, and other specialty wires. Apart from this, the company also provides coating solutions, tire reinforcement solutions, and concrete reinforcement solutions. Bekaert has a widespread international presence with manufacturing plants, sales offices, and research centers in over 30 countries.

By Material, metal accounted for the largest share in 2022

Metal safety barriers are known for their reliability and durability. They can be easily repaired, in case of damage due to collision, thus increasing their life. The most commonly used metals for safety barriers include steel, iron, and aluminum. Steel is mainly used in the manufacturing of bollards and guardrails. Iron is the most widely used metal in safety barrier systems. Gates, fences, roadway crash barriers, bollards, and drop arms are all made of iron. The demand for metal safety barrier systems is driven by the ongoing need for new construction, urbanization, infrastructure development, and renovation projects.

By Function, Passive barrier accounted for the largest share in 2022

Passive barrier systems do not have movable parts. The main function of these barriers is to alert those around barriers and provide information about when movement is safe. The effectiveness of passive barriers relies on their ability to absorb energy and transmit the same to the foundation. Some of the most commonly used passive barriers are fences, concrete walls, and bollards. Fences can sometimes prove ineffective against speeding vehicles. In such cases, concrete walls can be used.

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By Application, Roadways accounted for the largest share in 2022

Roadways are the largest application of barrier systems. Various types of barriers such as bollards, guardrails, and beam barriers are used on roadways. On roadways, barrier systems are installed in order to absorb energy from the striking vehicle and redirect it along the line of the barrier, so that it does not turn over and re-enter the stream of moving traffic. Manufacturers are coming up with innovative roadway safety barrier systems such as end terminals and crash cushions, which minimize the seriousness of the impact and the resulting injuries. However, growing concern towards safety, stringent traffic regulations, and government initiatives are the possible factors that help to support the growth of the barrier systems market in the forecast period.

By Type, Crash barrier systems accounted for the largest share in 2022.

Crash barriers are protection systems on roadways that safeguard vehicles as well as construction workers from roadside hazards. Crash barrier systems have been mandated in almost all parts of the world in order to avoid road crash injuries and fatal accidents. The major applications of crash barrier systems are roadside barriers, median barriers, bridge barriers, and work zone barriers. Growth in the construction, as well as automotive industries across the world, has played a major role in providing the necessary momentum to the crash barrier systems market, which ultimately helps in supporting the growth of barrier systems in the forecast period.

Asia Pacific accounted for the largest share as well as the fastest-growing market for the barrier systems market in 2022

Asia Pacific accounts for the largest share in 2022, in this market. This is attributed to rapid urbanization and infrastructure development, including the construction of bridges, tunnels, roadways, highways, etc. This drives the demand for barrier systems across several application segments such as roadways, and railways. The Asia Pacific region witnessed an increasing number of vehicle ownership which also led to the demand for barrier systems.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
          FIGURE 1 BARRIER SYSTEMS MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 LIMITATIONS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
          FIGURE 2 BARRIER SYSTEMS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
                                FIGURE 3 BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION,  AND REGION
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
          FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION 
          FIGURE 6 DATA TRIANGULATION
    2.4 MARKET SHARE ESTIMATION 
           2.4.1 RESEARCH ASSUMPTIONS
           2.4.2 RESEARCH LIMITATIONS
           2.4.3 RECESSION IMPACT
                    TABLE 1 GDP GROWTH RATE FOR MAJOR REGIONS
 
3 EXECUTIVE SUMMARY (Page No. - 39)
    FIGURE 7 CRASH BARRIER SYSTEMS TO LEAD BARRIER SYSTEMS MARKET DURING FORECAST PERIOD
    FIGURE 8 EUROPE LED BARRIER SYSTEMS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BARRIER SYSTEMS MARKET 
          FIGURE 9 EMERGING COUNTRIES TO OFFER ATTRACTIVE OPPORTUNITIES IN BARRIER SYSTEMS MARKET
    4.2 EUROPE: BARRIER SYSTEMS MARKET,  BY RAW MATERIAL & COUNTRY 
          FIGURE 10 EUROPE: GERMANY ACCOUNTED FOR LARGEST SHARE OF BARRIER SYSTEMS MARKET IN 2022
    4.3 BARRIER SYSTEMS MARKET, BY TYPE 
          FIGURE 11 CRASH BARRIER SYSTEMS SEGMENT TO LEAD BARRIER SYSTEMS MARKET DURING FORECAST PERIOD
    4.4 BARRIER SYSTEMS MARKET, BY APPLICATION 
          FIGURE 12 COMMERCIAL TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
    4.5 BARRIER SYSTEMS MARKET, BY COUNTRY 
          FIGURE 13 AUSTRALIA TO RECORD HIGHEST CAGR FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 14 BARRIER SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising spending on infrastructural development
                    5.2.1.2 Increasing road crash incidences
                    5.2.1.3 Stringent government regulations and obligations
           5.2.2 RESTRAINTS
                    5.2.2.1 High maintenance and repair costs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing opportunities in emerging regions
                    5.2.3.2 Growing construction and automotive industries
                                TABLE 2 GLOBAL AUTOMOTIVE VEHICLE PRODUCTION, BY REGION, 2019–2021 (MILLION UNIT)
           5.2.4 CHALLENGES

Continued...