Rapid Growth In The Automotive Industry Has Had A Significant Impact On The Traffic Level On Roads, Leading To An Increased Number Of Vehicle Crashes And Mishaps. Barrier Systems Industry Provide Efficient Safety Solutions That Are Installed To Overcome Such Accidents And Ensure Road Safety. They Are Road Directors That Ensure Safety For Vehicles As Well As Pedestrians By Guiding Them Along Proper Routes And Preventing Them From Entering Into Restricted Areas. The Global Barrier Systems Market Size Was Valued At $16,341 Million In 2015, And Is Expected To Reach $20,803 Million By 2022, Growing At A Cagr Of 3.4% During The Forecast Period.
Government’s Increasing Investments On Transport Infrastructure Including Roads, Highways, Bridges, Railways, And Airports Drive The Demand For Barrier Systems Thereby Widening The Scope For The Barrier Systems Industry. Rise In Population And Consumers’ Increase In Purchasing Power Have Resulted In A Significant Increase In The Number Of Vehicles, Thereby Boosting The Need For Installation Of Transport Safety Solutions And Thus Expanding The Barrier System Market Size. Manufacturers Are Developing Barrier Systems Equipped With Automated Control Panel Systems Owing To Continuous Technological Advancements, Thus Supplementing The Market Growth. However, Barrier Systems Industry Offers Rigid Barriers That Incurs High Cost Of Repair On Crash Impacts, Which Is Expected To Restrain This Market Growth. The Plastic Barrier Systems Market Is Expected To Witness Significant Growth, Owing To Its Attributes Of Low Cost, Durability, And Lightweight And Recyclability & Reusability Properties.
The Global Barrier Systems Market Is Segmented Based On Device Type, Technology, Material Type, Application, And Geography. By Device Type, The Market Is Divided Into Fences, Bollards, Crash Barriers, Drop Arms, And Others. Crash Barrier Is Further Subsegmented Into Crash Cushions, End Treatments, Sand And Water-Filled Plastic Barriers, Indicating Lights, And Others. By Technology, The Market Is Divided Into Rigid, Semirigid, And Flexible Barrier Systems. Based On Material Type, It Is Bifurcated Into Metal And Non-Metal. Barrier Systems Have A Significant Application In Roadways, Railways, Airports, And Others (Commercial And Residential).
Geographically, The Market Is Analyzed Across North America, Europe, Asia-Pacific, And Lamea. Asia-Pacific, India In Particular, Poses High Market Potential For The Barrier System Installation, Owing To The Rapid Growth In The Infrastructure Sector And High Government Investments. In 2016, The Indian Government Had Planned To Invest 3 Trillion To Construct 35,000 Km Roads Across The Country, Which In Turn Would Increase The Barrier System Market Size During The Forecast Period.
Key Players Operating In The Global Barrier Systems Market Include Lindsay Corporation, Lindsay Corporation, Hill & Smith Holdings Plc, Tata Steel Ltd., Atg Access Ltd., Trinity Industries Inc., Bbs Barriers, Automatic Systems Inc, Ct Safety Barriers, Transpo Industries, And Avians.
Barrier Systems Market Key Segmentation
By Device Type
By Technology Type
By Material Type
Other Players Mentioned in the Report
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