Flood Barrier Global Market Report 2024

A flood barrier represents a physical structure or system strategically devised to mitigate or prevent flood damage by forming a barrier that can endure or redirect floodwaters. Typically erected in flood-prone areas such as riverbanks, coastlines, or low-lying regions, its purpose is safeguarding properties, critical infrastructure, and human lives from the destructive impact of flooding.

The primary categories of flood barriers include flip-up, removable, self-closing, drop-down barriers, and other variations. Flip-up flood barriers constitute a flood protection system designed to sit level with the ground when inactive, yet can be raised to create a protective barrier during flood events. These barriers are crafted from a range of materials including aluminum, steel, concrete, and polymer composites. The primary users encompass residential, commercial, industrial, government, and municipal entities.

The flood barriers market research report is one of a series of new reports from The Business Research Company that provides flood barriers market statistics, including flood barriers industry global market size, regional shares, competitors with a flood barriers market share, detailed flood barriers market segments, market trends and opportunities, and any further data you may need to thrive in the flood barriers industry. This flood barriers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The flood barrier market size has grown strongly in recent years. It will grow from $1.61 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The observed growth during the historic period can be primarily attributed to several key factors. These include the heightened occurrence of extreme weather events, ongoing urbanization leading to infrastructure development, the escalation of sea levels and subsequent coastal protection requirements, governmental initiatives focused on flood management, and an increased awareness of the risks associated with climate change. These collective factors significantly contributed to the growth and necessity for flood barriers during that period.

The flood barrier market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. Anticipated growth in the forecast period can be linked to several key factors. These encompass the continual increase in the global population residing in vulnerable regions, the expansion of industrial and commercial establishments, investments directed towards building resilient infrastructure, international cooperation efforts aimed at disaster resilience, and the integration of flood barriers within sustainable urban planning initiatives. Key trends expected during this period encompass a heightened focus on utilizing sustainable materials in flood barrier construction, the implementation of community resilience planning strategies, the enforcement of elevated regulatory standards, strategic collaborations among stakeholders, and initiatives focusing on mitigating economic losses due to flooding events. These factors collectively indicate a positive trajectory for the flood barrier industry in the forecast period.

The growth of the flood barrier market is expected to be propelled by the increasing frequency of flood events. Floods, resulting from factors such as heavy rainfall, snowmelt, or the overflow of water bodies, pose significant threats to communities. Flood barriers, designed to mitigate the impact of floods, serve as protective measures to prevent or reduce floodwater entry into vulnerable areas. This helps minimize the damage caused by flooding. For example, reports from March 2023 indicated that floods in Pakistan affected 33 million people, causing 1,739 deaths and $15 billion in economic damage in 2022. In Nigeria, floods led to 603 deaths and incurred a financial cost of $4.2 billion in the same year. Additionally, data from May 2022, provided by the China Institute of Water Resources and Hydropower Research, highlighted a 23% increase in the frequency of worldwide floods compared to 2020, putting around 2 billion people at risk. The growing incidence of flood events is a significant driver for the flood barrier market.

The growth of the flood barrier market is further fueled by the rising global sea levels. Increasing global sea levels, indicating a rise in the average height of oceans, pose challenges that flood barriers effectively address, offering protection against coastal flooding. In April 2022, reports from NOAA climate.gov revealed that the average sea level worldwide reached a new peak in 2022, rising 101.2 mm (4 inches) above 1993 levels. Projections suggest that the contiguous United States may experience an average sea level increase of 2.2 meters (7.2 feet) by 2100 and 3.9 meters (13 feet) by 2150. The need to address rising global sea levels is a key factor driving the adoption of flood barriers.

Prominent companies in the flood barrier market are actively engaged in the development of advanced products to maintain their competitive positions. One notable innovation is the introduction of mobile and deployable flood barrier solutions, designed to be temporary and versatile flood protection systems that can be quickly installed and relocated as needed. An example of this is Coventry & Warwickshire, a UK-based government-supported organization, which launched the 'Flood Stopper' by Coventry-based Safetyflex Barriers in April 2022. Safetyflex Barriers, renowned for its anti-terrorism bollards, expanded its offerings to include flood protection. The Flood Stopper, consisting of portable steel blocks strategically placed to create mini dams, offers a rapid-response solution with a quick two-hour installation time, lifting arms for easy placement, and surface mounting. This innovative product aims to swiftly protect homes and communities by addressing the source of flooding.

Major companies in the flood barrier market are also prioritizing product innovation by introducing comprehensive flood protection product lines. These product lines comprise a range of solutions designed to prevent, mitigate, or manage the impact of flooding in diverse environments. Flex Seal, a US-based brand of adhesive bonding products, exemplifies this approach with its launch of the Innovative Flood Protection Line of Products in January 2023. This product line includes various versions of Flex Seal, Flex Tape, Flex Seal Liquid, and Flex Paste, uniquely formulated to be completely removable after floodwaters recede. The yellow color distinguishes them from more permanent Flex Seal products, and when used together, they create multiple layers of effective flood protection, providing a temporary yet powerful waterproof barrier. This emphasis on innovative flood protection solutions showcases the commitment of major companies to addressing evolving challenges in flood mitigation and protection.

In January 2023, PS Industries Incorporated, a US-based manufacturer specializing in flood barrier products, completed the acquisition of ILC Dover LP. The specific financial details of this acquisition were not disclosed. This strategic move by PS Industries Incorporated is intended to broaden its array of products, extend its market reach, access innovative technology, and enhance its customer service capabilities. ILC Dover LP. is a US-based engineering development and manufacturing firm known for offering a diverse range of flood barrier products.

Major companies operating in the flood barrier market report are FloodBreak LLC, US Flood Control Corporation, Muscle Wall, IBS Technics GmbH, AquaFence, AWMA Water Control Solutions, Barrier Solution, Blobel Umwelttechnik, Dam Easy Flood Barriers, Denilco Environmental Technology, Flood Control Asia RS Corporation, Haiyan Yawei, Megasecur, MM Engineering, Mobildeich GmbH, Muscle Wall, NoFloods, Reynaud Cauvin Yvose SA, Self Closing Flood Barrier (SCFB), The Flood Company, Water-Gate Barrier, Flood Control International Ltd., Ps Industries, HSI Services Inc., StormMeister Flood Protection.

Asia-Pacific was the largest region in the flood barrier market in 2023. The regions covered in the flood barrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the flood barrier market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The flood barrier market consists of sales of barrier panels, flood seals and dam beams, flood doors, and inflatable barriers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Flood Barrier Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on flood barrier market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for flood barrier ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flood barrier market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Flip-Up Flood Barriers; Removable Flood Barriers; Self-Closing Flood Barriers; Drop-Down Flood Barriers; Other Types
• 2) By Material: Aluminum; Steel; Concrete; Polymer Composites
• 3) By End-User: Residential; Commercial; Industrial; Government And Municipalities
• Companies Mentioned: FloodBreak LLC; US Flood Control Corporation; Muscle Wall; IBS Technics GmbH; AquaFence
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.