Crash Barrier Systems Market 2021 to 2030: Growth Statistics, Facts and Regional Trends Hits a CAGR of 4.2%

According to a new report published by Allied Market Research, titled, , the global Crash Barrier Systems industry generated $7.8 billion in 2020, and is anticipated to generate $11.7 billion by 2030, witnessing a CAGR of 4.2% from 2021 to 2030.

Prime determinants of growth

Expansion of infrastructure, increase in road safety awareness, and growth in the automotive industry drive the growth of the global crash barrier systems market. However, high severity of crash in barrier collision and volatility in raw material & energy prices hinder the market growth to some extent. On the other hand, increase in financing for infrastructure projects is presenting new opportunities in the coming years.

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The report provides an extensive analysis of the current and emerging crash barrier systems market trends and dynamics.

By type, the fixed segment dominated the crash barrier systems market, in terms of revenue in 2020 and is projected to grow at a CAGR of 4.4% during the forecast period.

By application, the roadside segment registered highest growth in the crash barrier systems market in 2020.

The Asia-Pacific region is projected to register the highest growth rate in the coming years.

Driving Factors:
Investments in the development of highways, trains, and airports will need the use of safety barrier systems to ensure the safety of cars and pedestrians. Roadways, which comprise roads, highways, and bridges, are predicted to increase demand for crash barrier systems as a means of reducing the incidence of traffic collisions.

In addition, increased commercial infrastructure investments would necessitate appropriate crowd management solutions such as entry and exit, vehicle parking places, and pedestrian safety. Such factors are projected to propel the global crash barrier systems market forward.

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The fixed segment to maintain its leadership status throughout the forecast period

Based on type, the fixed segment held the highest market share in 2020, accounting for more than two-thirds of the global crash barrier systems market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 4.4% from 2021 to 2030. This is due to the rapid increase in vehicle density and road accidents. Other segment analyzed in the report is portable.

The roadside segment to maintain its lead position during the forecast period

Based on application, the roadside segment accounted for the largest share in 2020, contributing to around half of the global crash barrier systems market, and is projected to maintain its lead position during the forecast period. An increase in the global population along with the booming automotive industry and road constructions are expected to witness an accelerating growth in the future; thereby, providing lucrative growth opportunities for the crash barrier market. However, the median segment is expected to portray the largest CAGR of 4.6% from 2021 to 2030. This is attributed to increase in vehicle density in urban areas and ever-increasing traffic congestions.

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Leading Market Players:-

Arbus Limited
Avon Barrier Corporation Ltd
Barrier1 Systems, LLC
Hill Smith Holdings PLC
Lindsay Corporation
Nucor Corporation
N.V. Bekaert SA
Transpo Industries, Inc.
Trinity Industries, Inc.
Valmont Industries, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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