Research on Barrier Systems Market to Reach $ 18.81 Billion by 2020: Driven by Growing Automotive, Infrastructure Industries and Plastic Barriers

The barrier systems market growing considerably owing to the growing infrastructure and automotive industries. With emergence of new technologies, manufactures have started to adopt advanced techniques to make barrier systems safer. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.

The barrier systems market projected to grow from USD 15.78 Billion in 2015 to reach USD 18.81 Billion by 2020, at a CAGR of 3.58%. The report aims at estimating the market size and future growth potential of the barrier systems market across different segments such as type, material, function, application, access control device, and region.

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The barrier system market research methodology used to estimate and forecast market size included top-down approach. Total market size of barrier systems was calculated, & accordingly, percentage was allotted to different sectors in each of segments. This allotment & calculation was done on basis of extensive primary interviews and secondary research. Primary research involved in this report includes extensive interviews with key people like CEOs, VPs, directors, and executives.

Target Audience
• Raw material suppliers and producers
• Regulatory bodies
• Barrier systems distributors/suppliers
• Environmental protection bodies
• Local governments
• End users (Government and highway agencies)

In barrier systems market report arriving at the overall market size, the total market was split into several segments and subsegments. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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Barrier systems market segmented on basis of material, type, function, application, access control device, and region. On basis of material, metal safety barriers accounted for largest market share. Metal safety barriers can be easily repaired, in case of damage due to collision, thus increasing their life. Most commonly used metals for safety barriers include steel, iron, and aluminum.

Breakdown of primaries:
Primary interviews were conducted with a number of industry experts in order to collect data related to the different aspects of barrier systems. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 – 45%, Tier 2 – 37%, Tier 3 – 18%
• By Designation: Director level – 54%, C level – 28%, Others – 18%
• By Region: North America – 44%, Asia-Pacific – 31%, Europe – 25%

Ecosystem of barrier systems comprises of barrier systems distributors/suppliers such as Tata Steel Limited (India), Bekaert SA (Belgium), Trinity Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Valmont Industries Inc. (U.S.), FutureNet Group (U.S.), Delta Scientific Corporation (U.S.), A-Safe (U.K.), and Avon Barrier (U.K.) and government and environmental protection bodies which help manufacturers in the development & growth of barrier systems, technologies, & markets.

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On barrier systems market basis of key regions, the market for barrier systems is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is projected to grow at the highest rate from 2015 to 2020, since the countries in this region are expected to achieve high growth in the roadways infrastructure sector, thus resulting in a huge demand for barrier systems.

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