The Crash Barrier Systems Global Market Report 2023 by The Business Research Company, provides crash barrier systems market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Crash Barrier Systems Global Market Report 2023, the global crash barrier systems market size will grow from $6 billion in 2022 to $6.42 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global crash barrier systems market is expected to grow to $8.35 billion in 2027 at a CAGR of 6.8%.
The increasing government investments in infrastructure development are expected to propel the growth of the crash barriers systems market. The increase in government investments in infrastructure development has boosted the demand for effective crowd control solutions, such as car parking areas, entry, and exit, or pedestrian safety, which rely on crash barrier systems including bollards, swipe gates, drop arms, and guardrails.
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The crash barrier systems market is segmented:
1) By Type: Portable, Fixed
2) By Technology: Rigid, Semi-rigid, Flexible
3) By Application: Median barriers, Roadside barriers, Work-zone barriers, Bridge barriers
Strategic collaboration between companies is a key trend gaining popularity in the crash barrier systems market. Companies manufacturing crash barrier systems are undergoing partnerships and collaboration to develop new technologies and products. For instance, in April 2021, The Benevento, Imeva group, which is one of the European leaders in the design and production of road safety systems for the transportation industry and major infrastructure projects, reached an important partnership agreement with OBEX, an Irish company operating in crash barriers. This partnership enhances both organization’s ability to deliver world-class products and services throughout global markets
The crash barrier systems market report table of contents includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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