Crash Barrier Systems Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

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.

What will the Crash Barrier Systems Market Size be During the Forecast Period?

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Crash Barrier Systems Market: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Crash Barrier Systems Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Valmont Industries Inc.

 

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.

Product Insights and News

• Arbus Ltd. - The company supplies and installs a wide range of Vehicle Restraint Systems and parapet systems, including end terminals, crash cushions, bike guards and nature rails and is ISO 9001, ISO 1400 and OHSAS 18001 certified.

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.

Crash Barrier Systems Market Value Chain Analysis

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.

 

Which are the Key Regions for Crash Barrier Systems Market?

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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.

What are the Revenue-generating Product Segments in the Crash Barrier Systems Market?

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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.

 

Crash Barrier Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2.22%
Market growth 2021-2025	$ 1.01 billion
Market structure	Fragmented
YoY growth (%)	2.28
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	APAC at 43%
Key consumer countries	US, China, UK, Germany, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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.
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
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.

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What are the Key Data Covered in this Crash Barrier Systems Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive crash barrier systems market growth during the next five years
• Precise estimation of the crash barrier systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the crash barrier systems industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of crash barrier systems market vendors

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