According to the new market research report “Crash Barrier Systems Market by Type (Portable & Fixed), Technology (Rigid, Semi-Rigid & Flexible), Device (Crash Cushions, End Treatments, and GEAT), Application (Roadside, Median, Work-zone, and Bridge) & Region – Global Forecast to 2026″, published by MarketsandMarkets™, The global crash barrier systems market size is expected to grow from USD 7.6 billion in 2021 to USD 9.0 billion by 2026, at a CAGR of 3.3% during the forecast period. .
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Crash barrier systems is used across applications, such as roadside barriers, median barriers, work zone barriers, bridge barriers and Others. In the crash barrier systems market, roadside barrier is the largest application owing to the increasing usage of guardrails and wire ropes on highways and roadways across the globe.
Fixed barrier system expects to register highest CAGR during forecast period.
Immovable or fixed crash barriers are characterized by their stiffness. These crash barriers provide better protection to vehicles and their occupants as compared to mobile crash barriers. During collisions, fixed barriers absorb maximum energy and restrain the vehicle from veering over. These barriers can be repaired easily after severe impacts. Also, all parts of fixed barriers are galvanized, which results in higher durability. Fixed barrier systems are either permanently installed or heavy equipment is required to move or dismantle them. Few examples of these would include hydraulically operated rotation or retracting systems, pits, and concrete or steel barriers. In comparison to portable barrier systems, fixed barriers have low installation and maintenance costs over the years, thus reducing the life cycle cost. It also limits the exposure of maintenance personnel. These advantages of fixed barrier systems are the reasons for their preference over portable barrier systems.
By Technology, Flexible barrier expects to register highest CAGR during forecast period.
Flexible barriers, also described as wire rope barriers, are supported on weak posts that are installed primarily to support them. Flexible barriers are considered to be among the best crash countermeasures with crash reductions of up to 90%. Rigid and semi-rigid barriers generally achieve about half this figure. The performance of flexible barriers is better since they cope with the exchange of energy in a more controlled manner. These barriers consist of 3 or 4 wire ropes that are supported on weak posts. The tension to these wires can be anchored according to the manufacturer’s specifications at regular intervals. The maintenance cost of flexible barriers is minimal. After an accident, only the damaged posts need to be replaced. Generally, the wires do not need re-tensioning. These crash barriers are useful for both roadsides as well as median applications.
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Europe is expected to hold the largest market share in the global crash barrier systems market during the forecast period.
Europe accounted for the largest share of the Crash barrier systems market in 2020. The market in the region is growing because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.
Barrier Systems Market Key Players
Tata steel Europe (UK), NV Bekaert S.A. (Belgium), Valmont Industries, Inc. (UK), Trinity Industries Inc (US), and Nucor Corporation (US). are the leading crash barrier systems manufacturers, globally.
Bekaert (Belgium) is a global company in the field of advanced steel wire products and solutions. The company is engaged in offering innovative steel wire products such as wires for reinforcement, steel cords for tires, fencing solutions, steel fibers for concrete reinforcement, and other specialty wires. Apart from this, the company also provides coating solutions, tire reinforcement solutions, and concrete reinforcement solutions. Bekaert has a widespread international presence with manufacturing plants, sales offices, and research centers in over 30 countries.
Lindsay Corporation (US) Lindsay Corporation is a leading global provider of irrigation and infrastructure solutions headquartered in Omaha, Nebraska, USA. It operates through two main business segments: Irrigation and Infrastructure. In Irrigation segment, the company designs and manufactures irrigation systems and equipment that help farmers efficiently manage water resources and improve crop yields. In the Infrastructure segment, the company engaged in providing various road safety products, including road barriers, crash cushions, other traffic management solutions, road marking equipment, etc.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 34)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 CRASH BARRIER SYSTEMS MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 38)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Critical secondary inputs
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Critical primary inputs
2.1.2.2 Key data from primary sources
2.1.2.3 Breakdown of primary interviews
2.2 BASE NUMBER CALCULATION APPROACH
2.2.1 ESTIMATION OF CRASH BARRIER SYSTEMS MARKET SIZE BASED ON MARKET SHARE ANALYSIS
FIGURE 1 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
FIGURE 2 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
2.3 MARKET SIZE ESTIMATION
2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
FIGURE 3 CRASH BARRIER SYSTEMS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 45)
FIGURE 4 FIXED BARRIER TO DOMINATE THE CRASH BARRIER SYSTEMS MARKET
FIGURE 5 SEMI-RIGID BARRIER TO DOMINATE THE CRASH BARRIER SYSTEMS MARKET
FIGURE 6 CRASH CUSHIONS SEGMENT TO LEAD THE CRASH BARRIER SYSTEMS MARKET
FIGURE 7 ROADSIDE BARRIERS APPLICATION TO LEAD THE MARKET
FIGURE 8 EUROPE LED THE CRASH BARRIER SYSTEMS MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 49)
4.1 ATTRACTIVE OPPORTUNITIES IN CRASH BARRIER SYSTEMS MARKET
FIGURE 9 INCREASING USAGE OF CRASH BARRIER SYSTEMS TO DRIVE THE MARKET
4.2 CRASH BARRIER SYSTEM MARKET, BY REGION
FIGURE 10 EUROPE TO BE THE LARGEST MARKET BETWEEN 2021 AND 2026
4.3 EUROPE: CRASH BARRIER SYSTEM MARKET, BY COUNTRY AND APPLICATION
FIGURE 11 RUSSIA AND ROADSIDE BARRIERS SEGMENT ACCOUNTED FOR LARGEST SHARES
4.4 CRASH BARRIER SYSTEM MARKET: BY MAJOR COUNTRIES
FIGURE 12 INDIA TO BE THE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026
5 MARKET OVERVIEW (Page No. - 51)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CRASH BARRIER SYSTEMS MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing infrastructural spending
5.2.1.2 Increasing incidences of road crash
5.2.1.3 Government regulations and obligations
5.2.2 RESTRAINTS
Continued...
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