Global Barrier Systems Market Report and Forecast 2024-2032

Global Barrier Systems Market Outlook

The global barrier systems market stood at a value of above USD 21.27 billion in 2023. The market is further expected to grow at a CAGR of 3.9% in the forecast period of 2024-2032 to attain a value of more than USD 30.03 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Significant Growth Attained by the Non-Metal Segment to Bolster the Growth of the Barrier Systems Industry

Based on material, the non-metal segment is anticipated to witness a healthy growth in the forecast period, owing to the growing demand for plastics and wood-based systems. Plastics are cost-effective, reusable, and easy and cheap to maintain. In addition to this, the other advantages offered by plastic barriers include light weight, low labour requirements, customisability, durability, and flexibility, which are likely to provide impetus to the market growth. Meanwhile, the wood segment has been witnessing a significant demand and is likely to gain traction in the forecast period, owing to the natural insulation provided by wood. Furthermore, the growing popularity of the barriers made of timber, owing to the low impact on the environment and greenhouse positive nature of timber is likely to propel the demand for non-metal barrier systems further.

The Asia Pacific to Account for a Significant Share in the Barrier Systems Industry

The barrier systems industry in the Asia Pacific is driven by the growing construction sector in emerging economies of the region, such as India and China. In this regard, the growing concerns about the safety and security of residential infrastructure are likely to propel the demand for barrier systems in the region. Furthermore, the market in the region is anticipated to be aided by factors such as the rapid urbanisation, rising investments towards infrastructure development, expansion of healthcare facilities, and growing industrialisation.

Barrier Systems: Market Segmentation

Barrier system is defined as a type of system which obstructs a passage in order maintain separation. A barrier is made up of a strong material which provides efficient hinderance. Gate, fence, and bollard, among others are some of the examples of barrier system.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The various device types in the barrier systems industry include:

• Fences
• Bollards
• Gate
• Crash Barrier Systems
• Drop Arms
• Others

The crash barrier systems, based on type, can be further segregated into crash cushions, end treatments, sand and water filled barriers, and guardrail energy absorbent terminal, among others.

On the basis of technology, the industry is divided into:

• Rigid
• Semirigid
• Flexible

The segmentation of the market, on the basis of material, includes:

• Metal
• Non-Metal

Among these, metals and non-metals can further be segmented into steel, aluminium, and tungsten, and plastics, concrete, and wood, respectively.

The significant applications of barrier systems include:

• Roadways
• Airports
• Railways
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Application of Barrier Systems in Roadways and Airports to Boost the Growth of the Barrier Systems Industry

The global barrier systems industry is driven by the rising application of the system in roadways. With the help of barriers, a passenger travelling on the road can catch a convenient route, avoiding any instances of road accident. Owing to the rising population across the continents, the increasing traffic on roads and highways is likely to spearhead the demand for barrier systems. Additionally, the barrier system is crucial in the airports in order to control the passenger traffic and provide safety to the people near an airplane. Over the forecast period, growing renovation and expansion of the airport units is likely to provide impetus to the global barrier systems industry.

Key Industry Players in the Global Barrier Systems Market

The report gives a detailed analysis of the following key players in the global barrier systems market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• A-SAFE HQ Limited
• Avon Barriers Corporation Ltd
• Barrier 1 Systems, Inc
• DELTABLOC International GmbH
• Hill and Smith Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report