As per the report published by The Brainy Insights, the global crash barrier systems market is expected to grow from USD 8.3 billion in 2021 to USD 18.93 billion by 2030, at a CAGR of 9.6% during the forecast period 2022-2030. APAC region emerged as the largest market for the global crash barrier systems market, with a 38.12% share of the market revenue in 2021. Asia-Pacific is the major contributor to the market in terms of revenue attributed to the prevalence of numerous essential companies in this region. The region’s infrastructure and economy are likely to multiply. Roads and railroads are increasing due to substantial infrastructure spending in China and India. Foreign direct investment in India is rising, which boosts the market for barrier systems.
Crash Barrier Systems Market Size by Type (Fixed and Portable), By Device (End Treatments, Crash Cushions, and GEAT), Technology (Rigid, Flexible, and Semi-Rigid), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include Lindsay Corporation, Tata Steel Ltd., Hill & Smith Holdings PLC, Trinity Industries Inc., ATG Access Ltd., Avians, Deltabloc, Transpo Industries, Omnitec, A-Safe UK Ltd., Arbus Ltd, Frontier Polymers Ltd. among others which are offering exciting opportunities and are continuously focused on new product developments and venture capital investments to receive market share.
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The type segment is divided into fixed and portable. The portable crash barrier systems segment led the market in 2021 with a market share of around 56% and a market value of 4.64 billion. The device segment of crash barrier systems market is divided into end treatments, crash cushions, and GEAT. The crash cushions segment led the market in 2021 with a market share of around 37.3% and a market value of 3.09 billion. Crash cushions are separated from comparable devices such as liquid and soil plastic barriers, fencing, barricades, and reduced dampers within the broad category of the crash barrier systems. Crash cushions are classified according to how much higher velocity they can absorb, whether they transmit speed to soft inorganic molecules, employ crushable components, or transfer physical energy to heat via tubes. The categorization of these pieces of equipment is done following the regulations established by the local governing authority. The technology segment is divided into rigid, flexible, and semi-rigid. The flexible segment led the market in 2021 with a market share of around 34.8% and a market value of 2.88 billion. It works with access circuit boards, routinely used by municipal catastrophe management, emergency crews, traffic enforcers, and others.
High commercial infrastructure spending is predicted to create a market for the crash barrier systems. The crash barrier system is in high demand for traffic control mechanisms such as entering and exiting, parking zones, and improving safety. Barrier systems are essential in confirming safety solutions on highways, runways, household lanes, business buildings, trains, and other locations. They are designed to handle automobiles effectively and decrease the chance of vehicle invasions. One of the primary issues for transportation agencies and network operators is road safety and security. Every year, many people are killed due tohuman mistakes or driver concentration. The crash barrier systems are erected on roads to reduce the effect of high-speed cars and to avoid deaths and injuries. Businesses have started to use advanced approaches to make crash barriers better with the advent of new technology. Increased knowledge of traffic safety for both vehicles and pedestrians has resulted in the global rise of the barrier industry. With their expanding road networks, highways are likely to drive the expansion of the barrier systems market.