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Barrier Systems Market By Top Leading Key Players like Lindsay Corporation, Hill & Smith Holdings PLC, Tata Steel Ltd., ATG Access Ltd., Trinity Industries Inc., BBS Barriers

04-01-2020 04:49 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Barrier Systems Market By Top Leading Key Players like Lindsay

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 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 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.

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Key findings of the study
o Crash barrier systems market is expected to grow at the highest CAGR of 3.9% during the forecast period, thereby expanding the opportunities for global barrier systems industry.
o Roadways dominate the barrier systems market by application. This segment is expected to grow with the highest CAGR of 3.6% during the forecast period.
o Europe was the highest revenue contributor with $5,541 million in 2015, and is estimated to reach $6,842 million by 2022, growing at a CAGR of 2.9%.

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.

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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.

Key players in the market focus on expanding their global footprint through the implementation of new technologies such as automated barrier system to improve the safety and security measures. Key players operating in barrier systems market include Lindsay Corporation, Hill & Smith Holdings PLC, Tata Steel Ltd., ATG Access Ltd., Trinity Industries Inc., BBS Barriers, Automatic System Inc., CT Safety Barriers, Transpo Industries, Avians, and others.

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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