Barrier Systems Market Overview:
Barrier systems are an essential component that ensure safety solutions on roadways, airports, residential lanes, commercial buildings, railways, and others. They are installed to effectively manage vehicles and minimize the possibilities of vehicle intrusions.
These systems are also used in commercial infrastructures such as corporate and institutional buildings, complexes, and residential areas. The global barrier systems market is expected to grow in the future owing to the implementation of various technologies, modification of transport infrastructure, and development of commercial real estate.
Barrier devices such as fences, bollards, crash barriers, drop arms/boom barriers are installed on roadways, airports, and railways to accurately redirect the vehicles and pedestrians along proper routes. Growth in infrastructural and automotive industries is the major factor that boosts the demand for crash barrier systems. Crash barrier systems are subsegmented into crash cushions, end treatments, water and sand filled plastic barriers, indicating lights, and others (brake master and sandwich systems), with significant application in roadways including roads, highways & bridges, airports, construction zones, and railways. These barrier systems are expected to gain the maximum traction during the forecast period, owing to the rise in roadway construction, expansion of the automotive industry, and increase in number of vehicles. Highway authorities globally have imposed regulations to install crash barriers along highways, thus supplementing the market growth. The global crash barrier systems market is expected to reach $9,915 million by 2022, growing at the highest CAGR of 3.9% during the forecast period.
The global barrier systems market is segmented based on device type, technology, material type, application, and geography. Based on device type, the market is divided into fence, bollard, crash barrier, drop arm, and others. Technological segmentation includes rigid, semirigid, and flexible barrier systems. By material type, the market is bifurcated into metal and non-metal, wherein metal is segmented into steel, aluminum, and tungsten, whereas non-metal is segmented into plastic, wood, and concrete. Based on application, the market is classified into roadways, railways, airports, and others (commercial and residential). The regional coverage for the global barrier systems includes North America, Europe, Asia-Pacific, and LAMEA.
Europe holds a key position in the global barrier system market size, owing to increasing development and modification of transport infrastructure, while Asia-Pacific poses high potential market due to rapid growth in the infrastructure sector. In 2016, the Indian government had planned to invest 3 trillion to construct 35,000 km roads across the country in the coming years, which in turn is expected to increase the demand for barrier systems market to ensure safety measures.
Top Impacting Factors
Growth in Automotive Industry
Increase in the global automotive industry is expected to have a significant impact on the global barrier systems market. Rise in need the consumers for vehicles accelerates this industry growth, and this scenario would result in more number of vehicles on roadways, thus generating the need for effective traffic management and road safety solutions. To reduce vehicle crashes and collisions and ensure safety for the pedestrians, the market is expected to witness an accelerating growth during the forecast period.
Rise in Investments in Commercial Infrastructure
Increasing investments in commercial infrastructure are expected to create the need for effective crowd management solutions such as entry and exit, vehicle parking areas, and pedestrian safety, which use safety barrier systems such as bollards, swipe gates, guardrails, and drop arms.
High Investments on Transport Infrastructure
Investments in roadway, railway, and airport constructions may generate the need for the application of safety barrier systems. Roadways construction, such as roads, highways, and bridges, requires crash barrier systems to reduce the frequency of road mishaps. Expansion of airport network is expected to create the need for bollards in the passenger queue, security check points, entrance and exit, drop arms in the vehicle parking areas, and vehicle entrance. Investments in railway infrastructure would create the need for drop arms, indicating lights, and bollards. Thus, expansion and modification of these modes of transportation is expected to catalyze the market.
High Repair Cost
High repair cost of barrier systems is expected to limit the market growth. For instance, after a crash impact, barrier systems such as concrete blocks, wooden fences, and end treatments require high costs for their reconstruction. Road accidents are common, and every time a vehicle collides with such barrier systems, it requires repair, thereby incurring a high cost.
Lack of Effective Safety Solutions By Plastic Barriers
Plastic barriers are lightweight in nature and are not designed to absorb heavy impact load, thereby failing to provide effective safety solutions when placed on traffic-clogged roads. Plastic barriers fail to serve the purpose in places which demand high-level safety and security measures such as busy roads, railway lines, highways, crowded lanes, and others, thus restraining the growth.
Key players operating in the global barrier systems market include Lindsay Corporation, Hill & Smith Holdings PLC, Tata Steel Ltd, ATG Access Ltd, Trinity Industries Inc., BBS Barriers, Automatic Systems Inc, CT Safety Barriers, Transpo Industries, Avians, and others.
- The report provides a comprehensive analysis of current trends, future estimations, and opportunities from 2014 to 2022 for the growth of the barrier systems industry globally.
- It offers an extensive analysis of segments, drivers, restraints, and trends related to the barrier systems industry in different countries.
- Competitive landscape in terms of new product developments and untapped segments is provided.
- The report also provides a detailed analysis of the top impacting factors affecting the global barrier systems market.
Barrier Systems Market Key Segmentation
By Device Type
- Crash Barrier Systems
- Crash Cushions
- End Treatments
- Sand and Water Filled Barriers
- Indicating Lights
- Drop Arms
By Technology Type
By Material Type
- Others (Commercial and Residential)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Lindsay Corporation
- Hill & Smith Holdings PLC
- Tata Steel Ltd.
- ATG Access Ltd.
- Trinity Industries Inc.
- Transpo Industries
- BBS Barriers
- Automatic Systems Inc
- CT Safety Barriers
Other Players in the Report:
- Gramm Barriers Systems Ltd.
- Centurion Barrier Systems
- Avon Barrier Corporation Ltd.
- Valmont Industries Inc.
- Worldwide Door Automation
- Elektrovod Slovakia, s.ro.
- SEA UK Ltd
- Frontier Ploymers Ltd.
- Arbus Ltd (UK)
- A-Safe UK Ltd.
- BoomGate Systems
- Beninca UK
- Automatic Entrance Systems Ltd.