Crash barrier systems Market worth $9.0 billion by 2026

The 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" 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.  Crash barrier systems is used across applications, such as roadsie 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..

Browse 258 market data Tables and 36 Figures spread through 220 Pages and in-depth TOC on "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" Application of Crash Barrier system includes bridge barriers, median barriers, work zone barriers, roadside barriers, and others. Roadside barrier is the expects to be largest application in crash barrier system market. The market is driven by increased utilization of guardrails, roadways, and wire ropes on highways across the globe.
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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.

Asia Pacific accounts for highest CAGR by value and volume during forecast period.

APAC is the fastest-growing crash barrier systems market. Countries covered in this segment include India, China, Japan, Indonesia, Australia, and others. China is the most dominant country. This region is witnessing the highest growth rate due to the rapid economic expansion. According to the IMF, China and India are among the fastest-growing economies, globally. India is expected to overtake China with the highest growth rate, thus driving the global economy. Countries, such as Japan and China, are expected to post steady growth in the crash barrier systems market due to the growing infrastructure development projects. In addition to this, the increasing population in these countries further drives the demand for pedestrian safety barriers.

Trinity Industries Inc (US), Tata steel Europe (UK), Valmont Industries, Inc. (UK), NV Bekaert S.A. (Belgium), and Nucor Corporation (US). are the leading crash barrier systems manufacturers, globally.

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Crash Barrier Systems Market Size,  Share & Growth Report
Report Code
BC 3600
PR Published ON
3/31/2021
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