Report Code: A16057 | Pages: NA | Jul 2023 | 1204 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Metal Barrier System Market
Request Now !The metal barrier industry is witnessing significant growth and is expected to grow considerably throughout the forecast period. Metal barrier is extensively used for separating two or more zones. Metal barriers are vital components of infrastructure such as roads, railways, and bridges as they ensure containment of different types of traffic in their respective zones. A wide range of metal crash barriers are available in the market, which are used to demarcate the edge of carriage way and prevent vehicles from colliding with obstacles such as tress, signage, and boulders. Metal barriers help in improving the efficiency and safety of road transport. They are also used for demarcation of restricted areas for enhanced security. Furthermore, metal bollards are multi-functional barriers that can be used to guide traffic as well as for aesthetical purposes in residential, commercial, and recreational buildings. Metal barriers are easy to install and have low maintenance cost. Many players in the industry are focusing on developing cost-effective and durable metal barriers.Â
Description
Metal barrier systems consist of beams, end sections attached with spacers, and fasteners. Metal crash barriers are semi-rigid structures that have the capacity to absorb a certain amount of energy created by the impact of the vehicle and barrier. Steel of the Fe 410 or Fe 360 grades is commonly used in the production of crash barriers. They can be used as aesthetic bollards with light installations in parks and other spaces. The availability of metal barriers in a wide range of shapes, sizes, and patterns increases their applicability in various conditions.Â
COVID-19 Impact analysis
Top Impacting Factors
Efficient infrastructure is a key component in overall growth of a country. Thus, India, China, and other developing countries have focused on rapid development of infrastructure such as roads, railways, bridges, and airports. This rapid development of infrastructure has been a major driver in the growth of metal barrier market, owing to its importance in enabling efficient and safe vehicular and pedestrian traffic movement. Furthermore, metal barriers are easy to install and require less maintenance. Metal crash barrier systems possess semi-rigid properties that reduce the impact of the collision, thereby causing less damage to occupants in the vehicles. However, high initial cost and fluctuating price of raw materials is a major restraint in the growth of metal barrier system market. Surge in purchasing power of middle-income masses in developing countries is expected to significantly increase the number of on road vehicles, thereby creating a demand for efficient traffic management solutions. For instance, according to International Energy Agency, India has approximately 25 vehicles per thousand people as of 2020, and the number is expected to across 150 by the year 2040. Rise in awareness regarding road safety in developing countries provides lucrative growth opportunities for the metal barrier system market.Â
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