Barrier Systems Market Expected to Reach $28.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Barrier Systems Market," The Barrier Systems Market Size was valued at $19.3 billion in 2021, and is estimated to reach $28.1 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

Barrier systems are a set of road safety solutions that are designed for protection of pedestrians and to reduce the impact of crash in case of vehicular collisions. Commonly observed barrier system types include fence, bollards, crash barriers gate and drop arms. Among these, the crash barriers segment held the largest barrier systems market share in 2021, owing to its extensive use in roadways.

Further, by technology, the semi-rigid segment registered a highest revenue in 2021, owing to ability to provide safety as well as cost efficiency. In addition, the market is analyzed among different materials, which include metals and non-metals. The market is further classified on the basis of application that include roadways, airports, railways and others. The market is mainly driven by rise in construction activities due to rapid urbanization. However, factors such as fluctuations in the cost of raw materials and requirement of maintenance constraints the barrier systems market growth.

In 2021, Europe dominated the global barrier system market, in terms of revenue. Moreover, the market in Asia-Pacific has grown with a high CAGR, owing to a rise in the number of infrastructure projects. The rising global population and rapid urbanization is propelling the building construction sector; thereby, driving the demand for barrier systems.

Further, barrier systems are effective in traffic management as well as in enhancing road safety. Furthermore, on the basis of application, the roadways segment is anticipated to grow rapidly during the forecast period; owing to increased spending on road development and road up-gradation projects in emerging economies. Key manufacturers in the market are adopting various strategies to sustain the competition in the market.

For instance, in January 2020, Indian-based Valmont Structures Pvt. Ltd. acquired the shares of AgSense for approximately $42 million. AgSense company deals with highway barriers, road blockers, and other engineering products. However, during the pandemic lockdown, various manufacturers in the barrier systems market had to stop their business in countries such as China, the U.S., and India.

This break directly impacted sales of barrier systems manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for barrier systems, which negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key Benefits For Stakeholders 

• The barrier systems market forecast report provides an extensive analysis of the current and emerging barrier systems market trends and dynamics. 
• Depending on device type, the crash barriers segment dominated the barrier systems market, in terms of revenue in 2021 and the bollards segment is projected to grow at a significant CAGR during the forecast period.
• By technology, the semi-rigid segment registered higher revenue in the year 2021.
• By application, the roadways segment registered the highest revenue in 2021.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• The key players within the barrier systems market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the barrier systems industry.
• The report provides an extensive analysis of the current trends and barrier systems market opportunities. 
• In-depth barrier systems market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.