According to the new market research 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", published by MarketsandMarkets™, the 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.
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Crash barrier systems is used across applications, such as roadside 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.
Roadside Barriers is expected to be the fastest growing application in the Crash barrier systems market during the forecast period.
The market is witnessing growth because of the increasing usage of guardrails and wire ropes on highways and roadways across the globe. With the application of crash barriers on roadside and on the middle of the road, the motorists are shielded from natural or man-made obstacles such as retaining walls, traffic signals, trees, and culverts that are located on either side of the roadways. It accounted for a share of about 54.3% of the Crash barrier systems market, in terms of volume, in 2019.
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Europe is expected to hold the largest market share in the global crash barrier systems market during the forecast period.
Europe accounted for the largest share of the Crash barrier systems market in 2020. The market in the region is growing because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.
Crash Barrier Systems Market Key Players
Tata steel Europe (UK), NV Bekaert S.A. (Belgium), Valmont Industries, Inc. (UK), Trinity Industries Inc (US), and Nucor Corporation (US). are the leading crash barrier systems manufacturers, globally.
Tata Steel Europe is the largest player in the market. The company has adopted crash barrier manufacturing techniques by integrating all operations. Through extensive R&D activities, it has come up with innovative products such as Vetex road safety barriers and off-road safety barriers. It is also focusing on making investments in its high value-added businesses and also entering into various contracts with major players in the crash barrier systems market.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 34)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 CRASH BARRIER SYSTEMS MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 38)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Critical secondary inputs
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Critical primary inputs
2.1.2.2 Key data from primary sources
2.1.2.3 Breakdown of primary interviews
2.2 BASE NUMBER CALCULATION APPROACH
2.2.1 ESTIMATION OF CRASH BARRIER SYSTEMS MARKET SIZE BASED ON MARKET SHARE ANALYSIS
FIGURE 1 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
FIGURE 2 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
2.3 MARKET SIZE ESTIMATION
2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
FIGURE 3 CRASH BARRIER SYSTEMS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 45)
FIGURE 4 FIXED BARRIER TO DOMINATE THE CRASH BARRIER SYSTEMS MARKET
FIGURE 5 SEMI-RIGID BARRIER TO DOMINATE THE CRASH BARRIER SYSTEMS MARKET
FIGURE 6 CRASH CUSHIONS SEGMENT TO LEAD THE CRASH BARRIER SYSTEMS MARKET
FIGURE 7 ROADSIDE BARRIERS APPLICATION TO LEAD THE MARKET
FIGURE 8 EUROPE LED THE CRASH BARRIER SYSTEMS MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 49)
4.1 ATTRACTIVE OPPORTUNITIES IN CRASH BARRIER SYSTEMS MARKET
FIGURE 9 INCREASING USAGE OF CRASH BARRIER SYSTEMS TO DRIVE THE MARKET
4.2 CRASH BARRIER SYSTEM MARKET, BY REGION
FIGURE 10 EUROPE TO BE THE LARGEST MARKET BETWEEN 2021 AND 2026
4.3 EUROPE: CRASH BARRIER SYSTEM MARKET, BY COUNTRY AND APPLICATION
FIGURE 11 RUSSIA AND ROADSIDE BARRIERS SEGMENT ACCOUNTED FOR LARGEST SHARES
4.4 CRASH BARRIER SYSTEM MARKET: BY MAJOR COUNTRIES
FIGURE 12 INDIA TO BE THE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026
5 MARKET OVERVIEW (Page No. - 51)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CRASH BARRIER SYSTEMS MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing infrastructural spending
5.2.1.2 Increasing incidences of road crash
5.2.1.3 Government regulations and obligations
5.2.2 RESTRAINTS
5.2.2.1 High crash severity due to barrier collision
5.2.3 OPPORTUNITIES
Continued...