Press release
UK Containment Barrier Market Poised for Steady Growth in Transport and Infrastructure
In a recent report published by Allied Market Research titled "UK Containment Barrier Market by Containment Level, Technology, Application: Opportunity Analysis and Industry Forecast, 2021-2028," the UK containment barrier market is primed for consistent growth. The market was valued at $297.7 million in 2020 and is projected to reach $370.2 million by 2028, showcasing a commendable compound annual growth rate (CAGR) of 2.6% from 2021 to 2028. Additionally, the total length of containment barrier in the UK was 1,324 thousand meters in 2020, and it's expected to reach 1,608 thousand meters by 2028, with a CAGR of 2.4% during the same period.Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/11677
Containment barriers serve as critical safety solutions in various transport modes, including roadways, railways, and airports. They are also essential in commercial infrastructures, such as corporate and institutional buildings, complexes, and residential areas. With increasing investments in commercial infrastructure, the need for effective crowd management solutions, like entry and exit points, vehicle parking areas, and pedestrian safety, is on the rise. To meet these demands, containment barriers are indispensable, further propelling the growth of the UK containment barrier market.
Furthermore, the ongoing investments in roadways, railways, and airport construction projects create a growing demand for containment barrier systems to ensure the safety of vehicles and pedestrians. As the road network expands, there is an increased need for containment barriers to reduce road accidents. The expansion and modernization of transportation infrastructure, such as roadways, highways, and bridges, are expected to boost the UK containment barrier market.
However, the COVID-19 pandemic has already impacted containment barrier sales in the last quarter of 2020 and is expected to continue affecting market growth throughout the year. The demand for containment barriers was severely affected by the spread of the coronavirus, leading to a halt in the market. Supply chain disruptions have also hindered the installation of containment barriers along roads and highways.
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England currently holds a dominant position in the UK containment barrier market and is projected to be the fastest-growing segment, with a CAGR of 2.7%. This growth is attributed to government initiatives aimed at expanding transport infrastructure, especially roadways and highways. In terms of containment levels, the H1 to H4 segment is expected to register a CAGR of 3.0% during the forecast period, driven by increased investments in transport infrastructure across the UK. The demand for containment barriers is expected to continue to rise due to the expansion of transport infrastructure.
In addition, many companies have adopted product launches as a key strategy to stay competitive and enhance their product portfolios. For example, in May 2020, Hill and Smith designed and launched FlexGuard, a new addition to the Hill & Smith Flexbeam family, designed to hang beneath any new or existing vehicle restraint system.
Key Players in the UK containment barrier market include Arcelor Mittal, Delta Bloc UK, FerroStrada (UK) Limited, Highway Care, Hill & Smith Barrier, Nissen Road Safety Solutions, Saferoad VRS Limited, Tata Steel Europe, Urban Fencing Limited, and Varley and Gulliver Ltd.
Key Findings of the Study:
The report offers an extensive analysis of the current and emerging trends and dynamics in the UK containment barrier market.
In terms of containment level, the H1 to H4 segment dominated the UK containment barrier market in 2020 and is projected to grow at a CAGR of 3.0% during the forecast period.
Among applications, the roadways segment registered the highest growth in the UK containment barrier market in 2020.
The England region is projected to register the highest growth rate in the coming years.
The report provides an in-depth analysis of the UK containment barrier market trends and emerging opportunities, with a comprehensive analysis conducted between 2020 and 2028 for the key segments.
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https://www.alliedmarketresearch.com/uk-containment-barrier-market-A11312
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