Press Release
Press Release
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.
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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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