Impact of Covid-19 Outbreak on Barrier Systems Market

28/lug/2020 08:25:18 Automotive Market Research Reports Contatta l'autore

According to Market Research Future (MRFR)’s analysis, the global barrier systems market is anticipated to market a steady CAGR over the forecast period 2016 to 2021. The growth of the market is poised to be dictated by the acceleration in revenue creation witnessed in the automotive and construction industries. In addition, the increasing economic activities in the transportation industry is also expected to reflect on the proliferation of the barrier systems market in the forthcoming years.

The exponential increase in the number of road accidents has raised concerns globally. It has led to rising investments in safety barriers such as crash barriers, moveable highway barriers, etc. On average, according to the World Health Organization, (WHO), 1.25 million people lose their lives in fatal road accidents annually. In order to curb the high death rate in road accidents, governments and other organizations are emphasizing on safety measures. This, in turn, is prognosticated to augment the global barrier systems market in the upcoming years.

The focus on railways and roadways expansion projects coupled with increasing investments signify growth opportunities for the barrier systems market. Furthermore, the innovations and developments being brought by the key players are expected to motivate the expansion of the market over the next couple of years.

Market Segmentation:

By material, the global barrier systems market has been segmented into metal, plastic, concrete, and others.

By type, the barrier systems market has been segmented into guardrails, bollards, beam barriers, and others.

By function, the global barrier systems market has been segmented into active and passive.

By application, the global barrier systems market has been segmented into railways, roadways, residential, and others.

Regional Analysis:

The global barrier systems market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific is expected to capitalize on the economic and structural growth. It is poised to retain the pole position over the assessment period. The infrastructural developments in the fast-developing nations such as India, China, etc. is likely to drive the growth of the regional barrier systems market over the next few years. In addition, the market is anticipated to attract massive foreign investments which are poised to expedite  its expansion over the review period. North America is also expected to exhibit positive growth through the forecast period.

Competitive Dashboard:

The major players of the barrier systems market profiled in this MRFR report are Delta Scientific Corporation, Bekaert SA, Gibraltar, Tata Steel Limited, FutureNet Group Inc., Trinity Industries Inc., Automatic Systems SA, Hill & Smith Holdings PLC, Lindsay Corporation, Barrier1 Systems Inc., Valmont Industries Inc., FutureNet Group, A-Safe Ltd., and Avon Barrier Corporation Ltd.

Industry News:

In March 2019, Byron Shire, located in the Northern Rivers region of New South Wales, Australia, has presented an assessment which reveals that around 50% of the barrier systems used in the area are in poor condition. It would require an investment of USD 2 Mn for bringing them to proper condition.

In February 2019, SigmaRoc, a building material company that has acquired a license in the U.K. for concrete traffic barrier system made in the U.S., has added a moveable highway barrier to its product line.

In January 2019, the skyway that connects that connects Holland Tunnel to Lower Manhattan - the Pulaski Skyway – has got Valentine F350, a median barrier system, for increasing its lifespan.

In January 2019, the officials in the Ocean city of the U.S. have initiated the next phase of the project named Boardwalk access control where a series of semi-permanent and permanent barrier systems are being explored.

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