Overview and Scope
A flood barrier refers to a physical structure or system designed to prevent or reduce the impact of flooding by creating a barrier that can withstand or divert floodwater. It is typically constructed in areas prone to flooding, such as riverbanks, coastlines, or low-lying regions, to protect properties, infrastructure, and human lives from the destructive force of floodwaters.
Sizing and Forecast
The flood barrier market size has grown strongly in recent years. It will grow from $1.61 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased frequency of extreme weather events, urbanization and infrastructure development, rising sea levels and coastal protection, government initiatives for flood management, increasing awareness of climate change risks.
The flood barrier market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing global population in vulnerable areas, expanding industrial and commercial facilities, investments in resilient infrastructure, international collaboration for disaster resilience, integration with sustainable urban planning. Major trends in the forecast period include focus on sustainable materials, community resilience planning, heightened regulatory standards, strategic collaborations, economic loss mitigation.
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Segmentation & Regional Insights
The flood barrier market covered in this report is segmented –
1) By Type: Flip-Up Flood Barriers, Removable Flood Barriers, Self-Closing Flood Barriers, Drop-Down Flood Barriers, Other Types
2) By Material: Aluminum, Steel, Concrete, Polymer Composites
3) By End-User: Residential, Commercial, Industrial, Government And Municipalities
Asia-Pacific was the largest region in the flood barrier market in 2023. The regions covered in the flood barrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing flood events are expected to propel the growth of the flood barrier market going forward. Floods are natural disasters that occur when an area experiences excessive water, typically from heavy rainfall, melting snow, or the overflow of bodies of water such as rivers, lakes, or oceans. Flood barriers are specifically designed and used to mitigate the impact of floods. They serve as protective measures to prevent or reduce the entry of floodwater into vulnerable areas, thereby minimizing the damage caused by flooding. For instance, in March 2023, according to the reports shared by ReliefWeb, a US-based humanitarian information service provider, floods affected 33 million people in Pakistan, causing 1,739 deaths and economic damage costing US$15 billion in 2022. Further, in Nigeria, floods caused 603 deaths and resulted in a financial cost of $4.2 billion in 2022. Furthermore, in May 2022, according to the China Institute of Water Resources and Hydropower Research, a China-based research institute, around 2 billion people worldwide are facing flood risk, 23% rise from 2020 in the frequency of worldwide floods. Therefore, increasing flood events are driving the growth of the flood barrier market.
Key Industry Players
Major companies operating in the flood barrier market report are FloodBreak LLC, US Flood Control Corporation, Muscle Wall, IBS Technics GmbH, AquaFence, AWMA Water Control Solutions, Barrier Solution, Blobel Umwelttechnik, Dam Easy Flood Barriers, Denilco Environmental Technology, Flood Control Asia RS Corporation, Haiyan Yawei, Megasecur, MM Engineering, Mobildeich GmbH, Muscle Wall, NoFloods, Reynaud Cauvin Yvose SA, Self Closing Flood Barrier (SCFB), The Flood Company, Water-Gate Barrier, Flood Control International Ltd., Ps Industries, HSI Services Inc., StormMeister Flood Protection.
The flood barrier market report table of contents includes:
1. Executive Summary
2. Flood Barrier Market Characteristics
3. Flood Barrier Market Trends And Strategies
4. Flood Barrier Market – Macro Economic Scenario
5. Global Flood Barrier Market Size and Growth
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31. Global Flood Barrier Market Competitive Benchmarking
32. Global Flood Barrier Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. Flood Barrier Market Future Outlook and Potential Analysis
35. Appendix
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