According to the latest report by IMARC Group, titled “Barrier Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global barrier systems market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Barrier systems refer to road safety solutions that are utilized to prevent crashes and vehicle collisions. They ensure the security of highway workers, pedestrians and drivers while optimizing and streamlining the traffic flow. Some of the commonly preferred barrier systems include crash cushions, temporary barriers, gate systems, end treatments, and truck- and trailer-mounted attenuators (TMAs).
The global market is majorly driven by the rising requirement for proper safety solutions to avoid road accidents. Barrier systems are widely deployed across roadways and residential lanes to effectively manage the flow of vehicles by avoiding the chances of collisions. The market is further driven by the advent of curb barriers that assist in providing ground-level protection to walls, buildings, and equipment across the commercial segment. Moreover, the widespread integration of automated control panels with these systems is expected to offer real-time roadway configuration to the end users while enhancing road safety and minimizing traffic congestion, thereby creating a positive outlook for the market. Some of the other factors contributing to the market include significant growth in the construction sector and the growing public and private investments in the industry.
Barrier Systems Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global barrier systems market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- A-SAFE
- Automatic systems
- Avon Barrier Corporation Ltd
- Barrier1 Systems LLC
- Delta Scientific Corporation
- Global Grab Technologies Inc.
- Hill & Smith Holdings PLC
- Lindsay Corporation
- Tata Steel Limited
- Trinity Industries Inc.
- Valmont Industries Inc.
Key Market Segmentation:
The report has segmented the global barrier systems market on the basis of type, function, access control device, end use and region.
Breakup by Type:
- Bollards
- Crash Barrier Systems
- Drop Arms
- Fences
- Others
Breakup by Function:
- Active
- Passive
Breakup by Access Control Device:
- Biometric Systems
- Perimeter Security Systems and Alarms
- Token and Reader Technology
- Turnstile
- Others
Breakup by End Use:
- Commercial
- Data Centers
- Financial Institutions
- Government
- Petrochemical
- Military and Defense
- Transportation
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Global Barrier Systems Market was valued at US$ 16.95 Bn in 2017 and is expected to reach US$ 21.96 Bn by 2026, at a CAGR of 3.29 % during a forecast period.Global Barrier Systems MarketBarrier systems are a vital component that confirms safety solutions on roadways, airports, residential lanes, commercial buildings, railways, and others.
They are fitted to efficiently manage vehicles and reduce the possibilities of vehicle intrusions.The global crash barrier systems market is driven by the rising construction and automotive industry.
An escalating roadways network, highways are expected to propel the growth for barrier systems market.
The growing focus on industrialization and increasing growth in the construction sector are the main factors estimated to increase the growth of the barrier systems market.
The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global barrier systems market.
Global Barrier Systems Market was valued at US$ 16.95 Bn in 2019 and is expected to reach US$ 21.96 Bn by 2027, at a CAGR of 3.29 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Barrier systems are a vital component that confirms safety solutions on roadways, airports, residential lanes, commercial buildings, railways, and others.
They are fitted to efficiently manage vehicles and reduce the possibilities of vehicle intrusions.The global crash barrier systems market is driven by the rising construction and automotive industry.
An escalating roadways network, highways are expected to propel the growth for barrier systems market.
Global barrier systems market was valued at US$ 16.95 Bn in 2017 and is expected to reach US$ 21.96 Bn by 2026, at a CAGR of 3.29 % during a forecast period.
Global barrier systems market Barrier systems are a vital component that confirms safety solutions on roadways, airports, residential lanes, commercial buildings, railways, and others.
The global crash barrier systems market is driven by the rising construction and automotive industry.
An escalating roadways network, highways are expected to propel the growth for barrier systems market.
The growing focus on industrialization and increasing growth in the construction sector are the main factors estimated to increase the growth of the barrier systems market.
The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size.
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.Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1414Barrier System Market: Top factors Driving GrowthThe 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.
