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Global Barrier Systems Market to Grow at a CAGR of 3.9% During 2022-2027, Aided by the Rising Demand for Barriers in Various End Use Industries

According to a new report by EMR titled, ‘Global Barrier Systems Market Report and Forecast 2022-2027’, the market attained a value of above USD 19.7 billion in 2021. The market is further expected to grow at a CAGR of 3.9% between 2022 and 2027 to reach a value of more than USD 24.8 billion by 2027.

The global market for barrier systems is driven by their growing utilisation as road safety products in order to augment the safety and security of motorists and other passengers. The manufacturers are increasingly investing in the development of innovative, and cost-effective barrier solutions to make roadways safer. The expansion of the end use sectors, including airports and railways,  is likely to propel the market growth in the forecast period. In addition to this, some other factors driving the market growth are the rising urbanisation, increasing demand for steel barriers for highway management, and rapid advancements in the transportation sector.  Some of the major players in the market include Lindsay Corp (NYSE: LNN) and Hill and Smith Ltd. Lindsay’s Barrier Systems is a complete line of dependable road safety products and services designed to protect motorists and work crews. The company offers a range of innovative solutions, including crash cushions, temporary barriers, TMAs, gate systems, and speciality systems, among others.

In terms of region, the Asia Pacific is likely to account for a significant share in the market, owing to the growing investments towards improving the roadways and expanding airport infrastructure. The increasing traffic congestion in the region, owing to the rising number of vehicles on roads, is likely to propel the demand for barrier systems in order to prevent cross-over accidents and to provide a convenient route to passengers. The market in the region is expected to be further aided by the growing expansion of the tourism sector.

Market Breakup by Device Type, Technology, Material, Application, and Region:

  • The market is segmented based on device type into fences, bollards, gate, crash barrier systems, and drop arms, among others.
  • The different technologies in the market include rigid, semirigid, and flexible.
  • The market segmentation, on the basis of material, include metal and non-metal.
  • By application, the market can be divided into roadways, airports, and railways, among others.
  • Region-wise, the global market for barrier systems can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for barrier systems is being driven by the growing demand for cost-effective and adaptable solutions to enhance road safety.
  • The rapid urbanisation in emerging economies is likely to aid the market.
  • The growing application of barrier systems in railways and airports in order to ensure the safety and security of passengers is anticipated to augment the market growth.
  • The market is expected to be aided by the growing investments by the leading players to enhance their products and the growing technological advancements.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for barrier systems for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the      device types, technologies, materials, applications, and regions of barrier systems.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the barrier systems market are A-SAFE HQ Limited, Avon Barriers Corporation Ltd, Barrier 1 Systems, Inc, DELTABLOC International GmbH, and Hill and Smith Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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