The Crash Barrier Systems by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Crash Barrier Systems, The crash barrier systems market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increasing construction activities, rapid growth of the automotive sector, and the increasing infrastructure development..
The crash barrier systems market size is expected to see strong growth in the next few years. It will grow to $8.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to the increasing number of traffic accidents, the rising urbanization, and the increasing government support. . Major trends in the forecast period include the crash barrier systems market include launch of new road safety barriers, focus on road zipper barriers, product innovations, technology advancement, and strategic partnerships and collaborations..
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. For instance, in 2021, the Indian government has given a massive push to the infrastructure sector by allocating 217 projects worth Rs. 1.10 lakh crore (USD 15.09 billion). Thus, the government’s investments in infrastructure development drive the crash barriers systems market.
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The crash barrier systems market covered in this report 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, Other Applications
Companies in the crash barrier systems market are focusing on launching new road safety barriers to strengthen their product portfolio. Road safety barriers are used on roads to help manage traffic effectively and efficiently. The instruments are beneficial since they function to warn drivers against taking their automobiles down the wrong road. For example, in May 2023, Ostrava, a Czech Republic-based company that manufactures safety steel road and bridge barriers, launched two new types of steel barriers. Despite an increase in traffic density on roads and highways, they have been implemented to further enhance passive safety. Both sets of barriers, which are built with as many identical components as possible, underwent and completed a test in which they had to withstand being struck by a 16-ton truck. Additionally, the barriers were created to be as simple to assemble as feasible and to allow for the future testing of safety barriers with a varied beam profile while still keeping all other components.
The crash barrier systems market report table of contents includes:
1. Executive Summary
2. Crash Barrier Systems Market Characteristics
3. Crash Barrier Systems Market Trends And Strategies
4. Crash Barrier Systems market analysis
5. Crash Barrier Systems Market Size And Growth
6. Crash Barrier Systems Segmentation
7. Crash Barrier Systems Regional And Country Analysis
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27.Crash Barrier Systems Competitive Landscape And Company Profiles
28. Crash Barrier SystemsKey Mergers And Acquisitions
29.Crash Barrier Systems Future Outlook and Potential Analysis
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