According to Market Research Future (MRFR)’s analysis, the global barrier systems market is anticipated to market a steady CAGR over the forecast period 2016 to 2021. The growth of the market is poised to be dictated by the acceleration in revenue creation witnessed in the automotive and construction industries. In addition, the increasing economic activities in the transportation industry is also expected to reflect on the proliferation of the barrier systems market in the forthcoming years.
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Barrier System Market: Top factors Driving Growth
The global barrier systems market has touched sky limits owing to the growing construction and automotive industry. Recently, there has been a substantial rise in the number of commercial and residential spaces, due to the proliferation of population and urbanization, which has induced the demand for safety barriers as gates, crash barriers, fences and similar.
On the same side, roadways and railways networking is also expanding, which is approaching safety inclusions employing barrier systems. These factors are fueling the global barrier systems market in positive ways.
Spotting the light on increasing usages on barriers and supporting barrier systems, there have been significant factors that are driving the market with a higher CAGR. The massive demand for barrier systems from emerging economies is due to infrastructural development and increased spending on roadways. These factors are expected to accelerate the growth of the barrier systems market in fast ways.
The major players of the barrier systems market profiled in this MRFR report are-
• Delta Scientific Corporation
• Bekaert SA
• Gibraltar
• Tata Steel Limited
• FutureNet Group Inc.
• Trinity Industries Inc.
• Automatic Systems SA
• Hill & Smith Holdings PLC
• Lindsay Corporation
• Barrier1 Systems Inc.
• Valmont Industries Inc.
• FutureNet Group
• A-Safe Ltd.
• Avon Barrier Corporation Ltd.
Market Segmentation
By analysis of Market Research Future's reports on global barrier systems market, has come up with market segmentation, which is done on the basis of material, type, function, application and region.
On the basis of material, the market has been segmented as metal, plastic, concrete, and others.
On the basis of type, the market has been segmented as guardrails, bollards, beam barriers, and others.
On the basis of function, the market has been segmented as active and passive.
On the basis of application, the market has been segmented as railways, roadways, residential, and others.
Recent Industry News:
In March 2019, Byron Shire, located in the Northern Rivers region of New South Wales, Australia, has presented an assessment which reveals that around 50% of the barrier systems used in the area are in poor condition. It would require an investment of USD 2 Mn for bringing them to proper condition.
In February 2019, SigmaRoc, a building material company that has acquired a license in the U.K. for concrete traffic barrier system made in the U.S., has added a moveable highway barrier to its product line.
In January 2019, the skyway that connects that connects Holland Tunnel to Lower Manhattan – the Pulaski Skyway – has got Valentine F350, a median barrier system, for increasing its lifespan.
In January 2019, the officials in the Ocean city of the U.S. have initiated the next phase of the project named Boardwalk access control where a series of semi-permanent and permanent barrier systems are being explored.
Regional Analysis:
The global barrier systems market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific is expected to capitalize on the economic and structural growth. It is poised to retain the pole position over the assessment period. The infrastructural developments in the fast-developing nations such as India, China, etc. is likely to drive the growth of the regional barrier systems market over the next few years. In addition, the market is anticipated to attract massive foreign investments which are poised to expedite its expansion over the review period. North America is also expected to exhibit positive growth through the forecast period.
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