Barrier Systems Market Size 2022 | Global Market Size, Competitive Landscape, and Key Country Analysis to 2023

Barrier Systems Market Report, published by Allied Market Research, forecasts that the global barrier systems market is expected to reach $20,803 million by 2022 from $16,341 million in 2015, thereby registering a CAGR of 3.4% from 2016 to 2022.

The crash barrier system dominated the global market in 2015, accounting for $7,538 million, and is expected to continue this trend during the forecast period as well. Europe is expected to dominate the market, due to increase in development and modification of transport infrastructure and expansion of the automobile industry. However, Asia-Pacific is expected to register the highest growth rate, owing to increase in government expenditure on roadway constructions.

Click here for more info about barrier systems market @ https://www.alliedmarketresearch.com/barrier-systems-market

The global barrier systems market is driven by growth of automobile industries; increase in government initiatives to develop and modify the transport infrastructure, including roadways, railways, and airports, to promote enhanced transport network; and rise in investments on commercial real estate, such as entertainment complexes, institutional and residential buildings. However, high repair and maintenance cost are expected to restrain the market growth.

The crash barrier systems market is expected to exhibit the highest CAGR of 3.9%, owing to the increase in development of roadways globally. Furthermore, this market is expected to witness increase in market share from 46% in 2015 to 47% in 2022.

Barrier system are applicable in roadways, railways, commercial buildings, and residential lanes. Roadways witnessed an increase in market share from 43% in 2015 to about 44% in 2022, due to rise in construction of roadways such as roads, bridges, and highways to accommodate the increasing number of vehicles.

Click here to get sample report @ https://www.alliedmarketresearch.com/request-sample/1911

Based on the technology, the barrier systems market is classified into rigid, semirigid, and flexible type. Semirigid barrier system are projected to grow at a CAGR of 3.7%, accounting for market share of 54% by 2022 from 52% in 2015.

The metal barrier systems market is projected to remain the market leader, accounting for nearly two-thirds market share in 2022. Among the non-metal types, plastic is expected to gain the maximum traction due to its reusable and recyclable properties.

In 2022, Europe is projected to account for the highest contributor to the barrier system market size, growing at a CAGR of 2.9%. Europe and North America jointly accounted for about 62% of the global barrier system market size in 2015, with the former constituting around 33.9%. LAMEA is expected to contribute significantly to the global barrier system market size, owing to the increasing investments in the development and modification of airport infrastructure. Asia-Pacific is expected to grow at a lucrative rate of 4.2% during the forecast period.

Thanks for reading, If you are interested in purchase, then click here @ https://www.alliedmarketresearch.com/purchase-enquiry/1911

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.