The Global Crash Barrier Systems Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Crash Barrier Systems market is segmented by Type (Portable and Fixed); Technology (Fixed, semi-rigid and rigid); Devices (Crash Cushions, End Treatments, and GEAT and Others); Application; Region (North America, Europe, APAC, ROW).
Introduction
The crash barrier systems are a strong protective barrier that is erected around a racetrack or in the middle of a dual-lane highway in order to reduce the likelihood of severe accidents.
The rising awareness among consumers regarding the importance and benefits of safety measures is one of the vital factors expected to encourage the growth of the global crash barrier systems market in the forecast period.
However, the high raw material costs associated with the product, high crash severity due to barrier collision are limiting the market demand.
Despite the current pandemic situation, the manufacturers are recovering their operations in full capacities from 2021 beginning. Along with this, the recovering construction activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in the future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Rising incidences of road crash
10.2 Government regulations and obligations
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Tata steel Europe
15.2 NV Bekaert
15.3 Valmont Industries
15.4 Trinity Industries
15.5 Nucor
15.6 Lindsay Corporation
15.7 Hill & Smith Holding
15.8 Transpo Industries
15.9 Avon Barrier Corporation
15.10 OTW Safety
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The Global crash barrier systems is expected to grow to $8.80 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 3.25% CAGR.
The rising investment in infrastructure development, including airports and roads, especially in developing nations, are likely to increase the market demand.
Europe is dominating the market owing to the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.
Key Trends
The rising investment in infrastructure development, including airports and roads, especially in developing nations, is likely to provide opportunities for market growth.
The growth of the flexible crash barrier systems is also expected to drive the demand.
Key Market Players
Some of the key players in the market are Tata steel Europe, NV Bekaert, Valmont Industries, Trinity Industries, Nucor, Lindsay Corporation.
With the increasing number of players, the global market for the crash barrier systems is expected to witness stiff competition in the next few years. The growing emphasis on new product development is expected to generate promising opportunities for the growth of the overall market throughout the forecast period.
Growth Drivers and Challenges
The rising investment in various construction and infrastructure projects across the globe is driving the market. The global construction industry is growing at a faster pace with a major contribution from emerging countries. The revenue is expected to reach approximately $14.98 trillion by 2025.
Rising incidences of a road crash are also increasing the need for the crash barrier systems.
Government regulations and obligations regarding safety factors are driving the market demand.