This report describes and explains the crash barrier systems market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global crash barrier systems market reached a value of nearly $6,025.9 million in 2022, having grown at a compound annual growth rate (CAGR) of 0.9% since 2017. The market is expected to grow from $6,025.9 million in 2022 to $7,814.9 million in 2027 at a rate of 5.3%. The market is then expected to grow at a CAGR of 5.4% from 2027 and reach $10,159.0 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, the increasing construction activities, rapid growth of the automotive sector, and the increasing infrastructure development. Factors that negatively affected growth in the historic period were the volatility in raw material prices and the geopolitical tensions.
Going forward, the increasing number of traffic accidents, the rising urbanization, and the increasing government support will drive the growth. Factors that could hinder the growth of the crash barrier systems market in the future the Russia-Ukraine war and the rising interest rates.
The crash barrier systems market is segmented by type into portable and fixed. The fixed market was the largest segment of the crash barrier systems market segmented by type, accounting for 70.8% of the total in 2022. Going forward, the fixed segment is expected to be the fastest growing segment in the crash barrier systems market segmented by type, at a CAGR of 5.51% during 2022-2027.
The crash barrier systems market is segmented by technology into rigid, semi-rigid, and flexible. The rigid market was the largest segment of the crash barrier systems market segmented by technology, accounting for 55.5% of the total in 2022. Going forward, the flexible segment is expected to be the fastest growing segment in the crash barrier systems market segmented by technology, at a CAGR of 5.61% during 2022-2027.
The crash barrier systems market is segmented by application into median barriers, roadside barriers, work-zone barriers, bridge barriers, and other applications. The roadside barriers market was the largest segment of the crash barrier systems market segmented by application, accounting for 42.5% of the total in 2022. Going forward, the median barriers segment is expected to be the fastest growing segment in the crash barrier systems market segmented by application, at a CAGR of 5.57% during 2022-2027.
Western Europe was the largest region in the crash barrier systems market, accounting for 39.2% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the crash barrier systems market will be Asia Pacific and Western Europe where growth will be at CAGRs of 5.9% and 5.5% respectively. These will be followed by South America and Western Europe where the markets are expected to grow at CAGRs of 5.1% and 4.9% respectively.
The global crash barrier systems market is highly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 9.02% of the total market in 2021. Tata Steel Limited was the largest competitor with 2.34% of the market, followed by Nucor Corporation with 1.73%, N.V. Bekaert SA with 1.66%, Valmont Industries Inc with 1.47%, Hill and Smith Holdings PLC with 0.62%, Lindsay Corporation with 0.57%, RoadSafe Traffic Systems Inc with 0.46%, Arbus Limited with 0.08%, Barrier1 Systems, LLC with 0.07% and DELTA BLOC International GmbH with 0.04%.
The top opportunities in the crash barrier systems market segmented by type will arise in the fixed segment, which will gain $1,297.7 million of global annual sales by 2027. The top opportunities in the crash barrier systems market segmented by technology industry will arise in the rigid segment, which will gain $972.0 million of global annual sales by 2027. The top opportunities in the crash barrier systems market segmented by application will arise in the roadside barriers segment, which will gain $763.4 million of global annual sales by 2027. The crash barrier systems market size will gain the most in the USA at $337.7 million.
Market-trend-based strategies for the crash barrier systems market include launch of new road safety barriers, focus on road zipper barriers, product innovations, technology advancement, and strategic partnerships and collaborations.
To take advantage of the opportunities, the analyst recommends the crash barrier systems companies to focus on advanced technologies, focus on product innovations, focus on launching new road safety barriers, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, focus on B2B promotions, and continue to focus on fast-growing applications.
The global crash barrier systems market reached a value of nearly $6,025.9 million in 2022, having grown at a compound annual growth rate (CAGR) of 0.9% since 2017. The market is expected to grow from $6,025.9 million in 2022 to $7,814.9 million in 2027 at a rate of 5.3%. The market is then expected to grow at a CAGR of 5.4% from 2027 and reach $10,159.0 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, the increasing construction activities, rapid growth of the automotive sector, and the increasing infrastructure development. Factors that negatively affected growth in the historic period were the volatility in raw material prices and the geopolitical tensions.
Going forward, the increasing number of traffic accidents, the rising urbanization, and the increasing government support will drive the growth. Factors that could hinder the growth of the crash barrier systems market in the future the Russia-Ukraine war and the rising interest rates.
The crash barrier systems market is segmented by type into portable and fixed. The fixed market was the largest segment of the crash barrier systems market segmented by type, accounting for 70.8% of the total in 2022. Going forward, the fixed segment is expected to be the fastest growing segment in the crash barrier systems market segmented by type, at a CAGR of 5.51% during 2022-2027.
The crash barrier systems market is segmented by technology into rigid, semi-rigid, and flexible. The rigid market was the largest segment of the crash barrier systems market segmented by technology, accounting for 55.5% of the total in 2022. Going forward, the flexible segment is expected to be the fastest growing segment in the crash barrier systems market segmented by technology, at a CAGR of 5.61% during 2022-2027.
The crash barrier systems market is segmented by application into median barriers, roadside barriers, work-zone barriers, bridge barriers, and other applications. The roadside barriers market was the largest segment of the crash barrier systems market segmented by application, accounting for 42.5% of the total in 2022. Going forward, the median barriers segment is expected to be the fastest growing segment in the crash barrier systems market segmented by application, at a CAGR of 5.57% during 2022-2027.
Western Europe was the largest region in the crash barrier systems market, accounting for 39.2% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the crash barrier systems market will be Asia Pacific and Western Europe where growth will be at CAGRs of 5.9% and 5.5% respectively. These will be followed by South America and Western Europe where the markets are expected to grow at CAGRs of 5.1% and 4.9% respectively.
The global crash barrier systems market is highly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 9.02% of the total market in 2021. Tata Steel Limited was the largest competitor with 2.34% of the market, followed by Nucor Corporation with 1.73%, N.V. Bekaert SA with 1.66%, Valmont Industries Inc with 1.47%, Hill and Smith Holdings PLC with 0.62%, Lindsay Corporation with 0.57%, RoadSafe Traffic Systems Inc with 0.46%, Arbus Limited with 0.08%, Barrier1 Systems, LLC with 0.07% and DELTA BLOC International GmbH with 0.04%.
The top opportunities in the crash barrier systems market segmented by type will arise in the fixed segment, which will gain $1,297.7 million of global annual sales by 2027. The top opportunities in the crash barrier systems market segmented by technology industry will arise in the rigid segment, which will gain $972.0 million of global annual sales by 2027. The top opportunities in the crash barrier systems market segmented by application will arise in the roadside barriers segment, which will gain $763.4 million of global annual sales by 2027. The crash barrier systems market size will gain the most in the USA at $337.7 million.
Market-trend-based strategies for the crash barrier systems market include launch of new road safety barriers, focus on road zipper barriers, product innovations, technology advancement, and strategic partnerships and collaborations.
To take advantage of the opportunities, the analyst recommends the crash barrier systems companies to focus on advanced technologies, focus on product innovations, focus on launching new road safety barriers, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, focus on B2B promotions, and continue to focus on fast-growing applications.
Table of Contents
1. Executive Summary2.Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure18. Competitive Landscape And Company Profiles
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Crash Barrier Systems Market Segmentation
10. Crash Barrier Systems Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Crash Barrier Systems Market, Conclusions And Recommendations
23. Appendix
Executive Summary
Crash Barrier Systems Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global crash barrier systems market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for crash barrier systems? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The crash barrier systems market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider crash barrier systems market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the crash barrier system market.
- Key Trends - Highlights the major trends shaping the global crash barrier system market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027, 2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2017-2022) and forecast (2022-2027, 2032F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2017-2022) (2022-2027, 2032F) and analysis for each segment by type, by technology and by application in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027, 2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - Includes recommendations for crash barrier systems providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Portable; Fixed2) By Technology: Rigid; Semi-Rigid; Flexible
3) By Application: Median Barriers; Roadside Barriers; Work-Zone Barriers; Bridge Barriers; Other Applications
Companies Mentioned: Tata Steel Limited; Nucor Corporation; N.V. Bekaert SA; Valmont Industries Inc; Hill and Smith Holdings PLC
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; crash barrier systems indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tata Steel Limited
- Nucor Corporation
- N.V. Bekaert SA
- Valmont Industries Inc
- Hill and Smith Holdings PLC
- Lindsay Corporation
- RoadSafe Traffic Systems Inc
- Arbus Limited
- Barrier1 Systems, LLC
- DELTA BLOC International GmbH
- Zeekr
- Xiamen Dashou Technology Ltd
- Jieshun Technology
- Armco Barrier
- Avon Barrier Corporation Ltd
- Automatic Systems SA
- A-Safe Ltd
- NIKIRET
- Societatea de Inginerie Sisteme
- Tacticaware (Accur8vision)
- Ibtekar
- Liberty Ostrava a.s
- Acme Barricades
- Trinity Industries Inc
- Transpo Industries, Inc
- Delta Scientific Corporation
- D G Group
- Voith
- Link Grades
- Came
- Technovial
- GateSet Security Systems
- Dana Steel UAE
- Aravali Fence
- BRC Industrial Limited
- Stebilex Systems
- TRAGS
- DG Road Safety Pvt Limited
- Boomgate Systems Pty Ltd
- Fran-Cos Technologies Limited
- Sysnet Solutions Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 304 |
| Published | October 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 6 Billion |
| Forecasted Market Value ( USD | $ 10.2 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
