Barrier Systems Market to Reach $28.1 Billion, Globally, by 2031 at 3.7% CAGR: Allied Market Research.

PORTLAND, Oregon, February 10, 2023 /PRNewswire/ —
The report “Barrier Systems Market by Device Type (Fences, Bollards, Gate, Crash barrier systems, Drop arms), by Technology (Rigid, Semi-rigid, Flexible), by Material (Metal, Non-metal), by Application (Roadways, Airports, Railways, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031” was published by Allied Market Research.The global barrier systems industry generated $19.3 billion in 2021 and is expected to generate $28.1 billion by 2031, with a CAGR of 3.7% from 2022 to 2031.

Prime determinants of growth

The extensive use of drop arms for traffic management, as well as technological advancements in barrier systems, drive the global barrier systems market’s growth.Furthermore, emerging economies such as India and China are focusing on infrastructure development, presenting new opportunities in the coming years.

Covid-19 Scenario

Because of the temporary closure of construction activities during the lockdown, the outbreak of the Covid-19 pandemic had a negative impact on the global barrier systems market.

Furthermore, due to a labour shortage, a lack of raw materials, supply chain disruptions, and the closure of manufacturing facilities, barrier systems could not be manufactured effectively during the lockdown period.

However, the industry has recovered from the post-pandemic losses.

The metal segment to maintain its leadership status throughout the forecast period

Due to the extensive use of metal in the manufacturing of semi-rigid crash barriers, the metal segment held the highest market share in 2021, accounting for nearly two-thirds of the global barrier systems market, and is expected to maintain its leadership status throughout the forecast period.However, the non-metal segment is expected to grow at the fastest rate of 3.9% between 2022 and 2031, owing to the growing popularity of flexible crash barriers.

The roadways segment to maintain its leadership status throughout the forecast period

Due to the widespread use of crash barrier systems, the roadways segment held the highest market share in 2021, accounting for nearly three-fifths of the global barrier systems market, and is expected to maintain this position throughout the forecast period.
However, due to the increasing number of rail and metro rail projects in emerging economies, the railways segment is expected to exhibit the highest CAGR of 4.2% from 2022 to 2031.

The semi-rigid segment to maintain its lead position during the forecast period

Based on technology, the semi-rigid segment accounted for nearly three-fifths of the global barrier systems market in 2021, and is expected to maintain its lead position during the forecast period, owing to the widespread use of metal crash barrier systems.The flexible segment, on the other hand, is expected to grow at the fastest rate of 4.0% from 2022 to 2031, owing to the growing popularity of flexible crash barriers in developed economies.

Europe to maintain its dominance by 2031

Europe held the highest revenue market share in 2021, accounting for nearly two-fifths of the global barrier systems market, and is expected to dominate the market during the forecast period, owing to high spending on road safety infrastructure.The Asia-Pacific region, on the other hand, is expected to experience the fastest CAGR of 4.3% from 2022 to 2031, owing to rapid infrastructure development.

Leading Market Players: –

• Deltabloc International GmbH,
• A-Safe,
• Tata Steel Group,
• Barrier 1 Systems, Inc,
• Avon Barriers Corporation Limited,
• Hill & Smith Ltd,
• Global Grab Technologies Inc.,
• Valmont Structures Pvt Ltd.,
• Lindsay Corporation,
• Gramm Barriers Systems Limited