Barrier Systems Market to Reach $25.41 Bn, Globally, by 2027
Recovery in the construction & infrastructure industry, technological evolution in bollards, and increase in inflow of investments to improve transport infrastructure drive the global barrier system market
PORTLAND, Oregon, June 22, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Barrier Systems Market by Device Type (Fence, Bollard, Gates, Crash Barrier, Drop Arm, and Others), Technology (Rigid, Semirigid, and Flexible), Material Type (Metal and Non-metal), and Application (Roadways, Airports, Railways, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report published by Allied Market Research, the global barrier systems market generated $19.15 billion in 2019, and is estimated to reach $25.41 billion by 2027, registering a CAGR of 3.7% from 2020 to 2027.
Key determinants of the market-
Recovery in the construction & infrastructure industry, technological evolution in bollards, and increase in inflow of investments to improve transport infrastructure drive the global barrier system market. However, high maintenance and repair cost and ineffective safety solutions by plastic barriers hinder the growth to certain extent. Moreover, potential growth in emerging and developed economies would offer lucrative opportunities to the market in the near future.
Download Sample PDF (507 Pages): https://www.alliedmarketresearch.com/request-sample/1911
- The Covid-19 outbreak has affected the key market players resulting in halt of production of barrier systems.
- The demand for barrier systems, on the other hand, is anticipated to rise during the outbreak to maintain the norm of social distancing between the people.
- The revenue generated from the roadways segment would experience a decline for a certain period of time as installations of crash barrier systems have been affected during the lockdown.
The metal segment would dominate the market through 2019-
Based on material, the metal segment contributed to the lion's share in 2019, accounting for nearly two-thirds of the global barrier systems market, and is projected to maintain its leading position during the forecast period. Additionally, the segment is also estimated to portray the highest CAGR of 4.1% during the forecast period. Metal barrier systems are installed in accident prone areas that include roadways, highways bridges, runways, and others in order to reduce vehicle crashes and redirect them. This factor drives the growth of the segment.
The semi rigid segment contributed for lion's share in 2019-
Based on technology, the semi rigid segment accounted for the major share in 2019, holding nearly three-fifths of the global barrier systems market, and is expected to maintain the largest share throughout the forecast period. In addition, the same segment would also register the highest CAGR of 4.0% from 2020 to 2027. Increase in infrastructural development that includes commercial buildings, highways, roads, airports, and railways, would lead to the growth of the segment.
Get detailed COVID-19 impact analysis on the Barrier Systems Market: https://www.alliedmarketresearch.com/request-for-customization/1911?reqfor=covid
Europe to dominate the market, North America to grow at a significant pace by 2027-
Based on region, Europe contributed to the highest share, accounting for more than two-fifths of the global barrier systems market in 2019, and will maintain its dominance throughout the forecast period. Increase in population and high levels of net migration drives the market growth in Europe. Nevertheless, Asia-Pacific is expected to grow at the highest CAGR of 4.8% from 2020 to 2027, owing to growth in investments in infrastructural development in APAC. In addition, the economic recovery and growth in construction demand fuel the growth in this region. Moreover, North America is anticipated to manifest a CAGR of 3.4% from 2020 to 2027.
Leading market players-
- Lindsay Corporation
- Hill & Smith Barrier
- Valmont Structures Pvt. Ltd.
- Tata Steel Europe
- Barrier1 Systems, Inc.
- Gramm Barrier Systems Limited
- Global GRAB Technologies, Inc
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/1911
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Similar Reports We Have:
Airport Moving Walkway System Market: The global airport moving walkway system market size is expected to reach $5,135.6 million in 2027, from $4,155.6 million in 2019, growing at a CAGR of 3.0% from 2020 to 2027.
Floor Grinding Machines Market: The global floor grinding machines market size was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027.
Latin America Slide Rails Market for Home Appliances: The Latin America slide rails market size for home appliances is expected to reach $1,734.4 million in 2027, from $1,307.0 million in 2019, growing at a CAGR of 3.6% from 2020 to 2027.
Hand Tools Market: The global hand tools market size was valued at $22,200.0 million in 2019, and is projected to reach $30,381.0 million by 2027, registering a CAGR of 4.1% from 2020 to 2027.
Filling Equipment Market: The global filling equipment market size is expected to reach $23,499.4 million in 2027, from $17,820.5 million in 2019, growing at a CAGR of 3.9% from 2020 to 2027.
Pre-Book Now with 12% Discount:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter