The Flood Barrier Global Market Report 2024 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 Flood Barrier Global Market Report 2024, 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.
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.
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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
Major companies operating in the flood barrier market are developing advanced products, such as mobile and deployable flood barrier solutions, to sustain their position in the market. Mobile and deployable flood barriers are temporary and versatile flood protection systems designed to be quickly installed and relocated as needed. For instance, in April 2022, Coventry & Warwickshire, a UK-based government-supported organisation, launched Coventry-based Safetyflex Barriers, known for anti-terrorism bollards. Coventry-based Safetyflex Barriers has ventured into flood protection with its new product, the ‘Flood Stopper.’, These portable steel blocks can be strategically placed to create mini dams, preventing floods from reaching towns. With a quick two-hour installation time, lifting arms for easy placement, and surface mounting, the Flood Stopper offers a rapid-response solution, protecting homes and communities by addressing the source of flooding.
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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26. South America Flood Barrier Market
27. Brazil Flood Barrier Market
28. Middle East Flood Barrier Market
29. Africa Flood Barrier Market
30. Flood Barrier Market Competitive Landscape And Company Profiles
Top Major Players:
- FloodBreak LLC
- US Flood Control Corporation
- Muscle Wall
- IBS Technics GmbH
- AquaFence
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