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The crash barrier systems market share is expected to increase by USD 1.01 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.22%.
This crash barrier systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers crash barrier systems market segmentations by product (semi-rigid barriers, rigid barriers, and flexible barriers), geography (North America, Europe, APAC, MEA, and South America), and application (roadside barriers, median barriers, bridge barriers, and work zone barriers). The crash barrier systems market report also offers information on several market vendors, including Arbus Ltd., Avon Barrier Corp. Ltd., Hill and Smith Holdings Plc, Lindsay Corp., Nucor Corp., NV Bekaert SA, Tata Steel Ltd., Transpo Inudstries Inc., Trinity Industries Inc., and Valmont Industries Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The implementation of road safety programs is notably driving the crash barrier systems market growth, although factors such as concrete crash barrier performance limitations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the crash barrier systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Crash Barrier Systems Market Driver
One of the key factors driving the crash barrier systems market growth is the implementation of road safety programs. As roads remain the world's primary transportation mode, stringent road safety regulations are vital for the economic development of a country. The safety of pedestrians and vehicle owners, as well as efficient transportation, is a major factor that impacts the growth of a country or a region. Various road safety measures and solutions for improved traffic flow are studied and implemented by local authorities. Such solutions also include the use of crash barriers for pedestrian and vehicle safety. Crash barriers are designed to prevent vehicles from entering the roadside hazards. Road safety programs have a positive influence on various road safety products such as traffic lights, crash barriers, and signs and symbols. Most of the developing nations are taking necessary steps to reduce road accidents and fatalities by drafting effective road safety norms. Thus, growing road safety programs that aim to reduce the number of road fatalities help drive the global crash barrier systems market.
Key Crash Barrier Systems Market Trend
Development of products made of eco-friendly materials is the major trend influencing crash barrier systems market growth. Some crash barrier systems are made of PVC and rubber, owing to which they are hard to degrade and cause environmental pollution. Therefore, most of the governing bodies have framed stringent policies to curb pollution and promote the use of eco-friendly products, which has forced manufacturers to develop crash barrier systems using eco-friendly materials. Several manufacturers are using recycled rubber from the waste tire as raw material for manufacturing crash barrier systems such as guardrails, barricades, and flexible barriers. Similarly, some of the manufacturers are making use of an environmental coating to protect the guardrail from corrosion. Guardrails that are made of zinc-galvanized steel normally begin to corrode after 3-6 months due to dust and exhaust gas from cars. So, to make the corrosion-resistant most of the vendors are coating it with environment-friendly powder coatings. As stringent environmental safety policies are being implemented, the demand for crash barrier systems made of eco-friendly products will increase in the future.
Key Crash Barrier Systems Market Challenge
Concrete crash barrier performance limitations are one of the key challenges hindering the crash barrier systems market growth. Concrete crash barriers are rigid and fixed, and cannot be moved from one place to another. They are known for their low life-cycle costs and maintenance-free characteristics. These barriers are suitable for the roads with high heavy truck traffic and areas where sufficient median widths to place other barrier systems are not available. However, concrete crash barriers are more vulnerable to vehicle damage than steel barriers and have high installation costs compared with other types of barriers. Moreover, crashes associated with these types of barriers result in severe injuries compared with other types of barriers because of low impact energy absorbance during a crash. Some of the disadvantages associated with installing crash barriers include high chances of vehicle damage, high deceleration of collided vehicles, and vulnerability to erosion in certain environments. Due to all these disadvantages, the consumption of concrete crash barriers is expected to be relatively low during the forecast period.
This crash barrier systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global crash barrier systems market as a part of the global construction and engineering market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the crash barrier systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the crash barrier systems market encompasses successful business strategies deployed by the key vendors. The crash barrier systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The crash barrier systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the crash barrier systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for crash barrier systems market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The increase in the number of road construction projects across the region will facilitate the crash barrier systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
However, a drastic increase in the number of COVID-19 cases in countries such as China, India, South Korea, and Malaysia is expected to negatively impact the growth of the market in the region. As of July 11, 2021, the number of confirmed COVID-19 cases in China, South Korea, and Malaysia are 92,095, 1,70,000, and 8,45,000, respectively. Such rising incidences of COVID-19 in the region have drastically impacted investment in public infrastructure and construction activities, which is expected to impact the sales of crash barrier systems in this region during the forecast period. However, the market is expected to rebound by the end of 2021, as various governments in the region have increased their budget allocation for the coming years. For instance, the Indian government has allocated $1.4 trillion for FY 2019-2025 under the National Infrastructure Pipeline. The road sector is likely to account for 18% of capital expenditure during the same time period. Overall, the regional market is expected to show a positive growth rate during the forecast period.
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The crash barrier systems market share growth by the semi-rigid barriers will be significant during the forecast period. Semi-rigid barriers predominantly include steel beams or rails. Since these systems are rigid than flexible systems, resistance is attained through the shared flexure and tensile strength of the rail. The undamaged adjacent posts offer support for the beam during impact. Thus, it is expected that these types of barriers will have an above average moderate growth during the forecast period.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the crash barrier systems market size and actionable market insights on post COVID-19 impact on each segment.
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Crash Barrier Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.22% |
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Market growth 2021-2025 |
$ 1.01 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.28 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
APAC at 43% |
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Key consumer countries |
US, China, UK, Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Arbus Ltd., Avon Barrier Corp. Ltd., Hill and Smith Holdings Plc, Lindsay Corp., Nucor Corp., NV Bekaert SA, Tata Steel Ltd., Transpo Inudstries Inc., Trinity Industries Inc., and Valmont Industries Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by Application
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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