PUBLISHER: The Business Research Company | PRODUCT CODE: 1429772
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429772
Crash barrier systems encompass robust, low fences strategically placed along roads or between highway lanes, serving specific protective functions to prevent accidents. These systems, utilizing crash barriers-strong protective fencing-around racetracks or within dual-lane highways, aim to mitigate the risk of severe collisions.
There are two primary types of crash barrier systems such as portable and fixed. Portable systems act as sturdy barricades, directing pedestrian traffic and securing hazardous areas in warehouses, worksites, facilities, or events. These systems employ various technologies such as rigid, semi-rigid, and flexible barriers. The applications of crash barrier systems span across median barriers, roadside barriers, work-zone barriers, bridge barriers, and other relevant areas, providing comprehensive safety measures within transportation and infrastructure contexts.
The crash barrier systems market research report is one of a series of new reports from The Business Research Company that provides crash barrier systems market statistics, including crash barrier systems industry global market size, regional shares, competitors with a crash barrier systems market share, detailed crash barrier systems market segments, market trends and opportunities, and any further data you may need to thrive in the crash barrier systems industry. This crash barrier systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The crash barrier systems market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The expansion witnessed during the historical period can be credited to robust economic advancements in emerging markets, escalating construction endeavors, rapid expansion within the automotive sector, and the burgeoning development of infrastructure projects.
The crash barrier systems market size is expected to see strong growth in the next few years. It will grow to $8.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. Forecasted growth is due to increased traffic accidents, rising urbanization, and government backing. Key trends include new road safety barriers, focus on road zipper barriers, product innovation, tech advancements, and strategic partnerships.
The growth of the crash barrier systems market is expected to be propelled by increasing government investments in infrastructure development. The surge in government allocations for infrastructure projects has heightened the demand for effective crowd control solutions, particularly in areas such as car parking, entry and exit points, and pedestrian safety. These applications rely on crash barrier systems, encompassing elements such as bollards, swipe gates, drop arms, and guardrails. As an illustration, in 2021, the Indian government allocated substantial funds, amounting to Rs. 1.10 lakh crore (USD 15.09 billion), to propel 217 infrastructure projects. Consequently, the government's focus on infrastructure development initiatives serves as a driving force for the crash barrier systems market.
The growth of the crash barrier systems market is supported by the increasing number of traffic accidents. In response to the escalating figures of traffic-related fatalities and accidents, measures such as crash barriers, guardrails, and bollards have been deployed on roads and highways to enhance safety. The implementation of these safety measures has contributed to a significant reduction in accidents and fatalities. The demand for such safety measures is expected to rise, particularly in developing nations where road accidents are more prevalent. Notably, in the USA, the National Highway Traffic Safety Administration reported 9,560 fatalities in traffic accidents involving motor vehicles in the first quarter of 2022, compared to the anticipated 8,935 fatalities for the same period in 2021. Consequently, the increasing incidence of traffic accidents is set to drive the crash barrier systems market.
Companies in the crash barrier systems market are concentrating on introducing new road safety barriers to bolster their product portfolios. Road safety barriers play a crucial role in efficiently managing traffic on roads, serving as essential tools to warn drivers and prevent them from taking incorrect routes. For instance, in May 2023, Ostrava, a Czech Republic-based manufacturer specializing in safety steel road and bridge barriers, unveiled two novel types of steel barriers. These barriers, designed to enhance passive safety despite increasing traffic density, successfully underwent testing against a 16-ton truck impact. Both barrier sets are constructed with nearly identical components, ensuring ease of assembly and the ability to conduct future safety barrier tests with varied beam profiles while maintaining consistency in other components.
A prominent trend in the crash barrier systems market is the strategic collaboration between companies. Manufacturers of crash barrier systems are actively engaging in partnerships and collaborations to harness new technologies and develop innovative products. For instance, in April 2021, The Benevento, Imeva group-a leading European entity in the design and production of road safety systems for the transportation industry and major infrastructure projects-entered into a significant partnership agreement with OBEX, an Irish company specializing in crash barriers. This collaborative effort strengthens the capabilities of both organizations, enabling them to provide top-notch products and services across global markets.
In July 2021, Perimeter Protection Group, a prominent Finland-based supplier specializing in barrier products for perimeter security and vehicle/pedestrian access control, acquired Avon Barrier, a UK-based company. The acquisition, valued at an undisclosed amount, serves the Perimeter Protection Group's strategic goal of expanding its presence in the crash barriers market. Avon Barrier, operating globally, specializes in vehicle barrier solutions, designing and producing various physical security solutions. Their offerings are dedicated to safeguarding critical infrastructure and public areas from potential threats posed by vehicles.
Major companies operating in the crash barrier systems market report are Tata Steel Limited, Nucor Corporation, N.V. Bekaert SA, Valmont Industries Inc., Hill and Smith Holdings PLC, Lindsay Corporation, RoadSafe Traffic Systems Inc., Arbus Limited, Barrier1 Systems, LLC, DELTA BLOC International GmbH, Zeekr, Xiamen Dashou Technology Ltd., Jieshun Technology, Armco Barrier, Automatic Systems SA, A-Safe Ltd., NIKIRET, Societatea de Inginerie Sisteme, Tacticaware (Accur8vision), Ibtekar, Liberty Ostrava a.s, Acme Barricades, Trinity Industries Inc., Transpo Industries, Inc., D G Group, Voith, Link Grades, Came, Technovial, GateSet Security Systems, Aravali Fence, BRC Industrial Limited, Stebilex Systems, TRAGS, DG Road Safety Pvt Limited, Boomgate Systems Pty Ltd., Fran-Cos Technologies Limited, Sysnet Solutions Ltd
Europe was the largest region in the crash barriers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crash barrier systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the crash barrier systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The crash barrier systems market consists of sales of rigid, semi-rigid, and wire-rope 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.
Crash Barrier Systems 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 crash barrier systems 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.
Where is the largest and fastest growing market for crash barrier systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The crash barrier systems 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.
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