Analysis by Type (Portable, and Fixed); by Technology (Rigid, Semi-Rigid, and Flexible); and by Application (Roadside, Median, Bridge, and Work Zone Barriers) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global crash barrier systems market is estimated to garner a revenue of USD 13,263 million by the end of 2033 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 8,493 million in the year 2022. The growth of the market can primarily be attributed to infrastructure development such as roads, highways, and bridges, along with the rising need for crash barrier systems to avoid road disasters. According to the India Brand Equity Foundation (IBEF), in 2021, 5,835 km of the highway was constructed across India. Highway safety can be improved with the use of crash barriers. The accident risk on the highways is caused by the high speed of vehicles and no crash barriers in the areas of accident-prone zones. Many accidents can be reduced by the use of crash barriers as they help to slow down the vehicles in the crash zone. Crash barriers in the middle and sides of the roads on highways can prevent accidents and promote the safety of vehicles. Additionally, crash barriers give positive results by preventing vehicles from crossing over into the main road vehicles which is highly risky.
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Crash barriers are considered to be proof against the impact of vehicles of certain weights at a disquieted angle while traveling at a certain speed. The increasing movement of rural populations to urban areas in developing countries has risen the demand for safety systems in overpopulated cities. It is estimated that by the end of 2050, India will have more than 400 million urban dwellers, while China will have over 250, and Nigeria with about 190 million urban dwellers. The increasing number of people migrating from the villages to cities for jobs, education, and business increase the population of urban cities, causing heavy traffic on roads. The increasing urban population leads to more automobile purchases, followed by increasing disposable income. As the number of personal vehicles on the road increases, so do the chances of accidents and the need for crash barriers to control them. The growing prevalence of road accidents has increased awareness about road safety, which leads to market growth. Furthermore, the adoption of barrier systems across the globe has massively increased, which is projected to accelerate the global industry, in the coming years.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~4% |
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Base Year Market Size (2022) |
~ USD 8,493 Million |
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Forecast Year Market Size (2033) |
~ USD 13,263 Million |
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Regional Scope |
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Growth Drivers
Growing Construction and Automotive Industries Owing to Rising Traffic – Crash barriers are installed to prevent vehicle intrusion. According to the International Organization of Motor Vehicle Manufacturers (OICA), the automotive industry in India, Brazil, and South Africa, along with the US, Canada, Germany, Italy, and Australia, is projected to grow at more than 10% in the next five years, which will result in high demand for crash barrier systems for furthering road safety.
Rapid Urbanization & Industrialization with Improving Standard of Living of People – As per the United Nations, nearly 68% of the total population across the globe is expected to live in urban areas by the end of 2050.
Innovation of Technology in Barrier Systems with Advancements in Technology and Manufacturing Material - As per the data from the World Bank, 2.33% of the global GDP was spent on research and development activities in 2019, which increased to 2.63% in 2020.
Increased Awareness Regarding Road Safety with Growing Road Accidents and Deaths - As per the data by the WHO, approximately 1.3 million people die each year as a result of road traffic crashes. Road traffic injuries are the leading cause of death for children and young adults aged 5-29 years.
Challenges
The global crash barrier systems market is segmented and analyzed for demand and supply by application into the roadside, median, bridge, and work zone barriers. Amongst these segments, the roadside barrier segment is anticipated to garner the largest revenue by the end of 2033, backed by the extensively increasing number of road accidents combined with the implementation of road safety programs. According to National Crime Records Bureau (NCRB), in 2021, more than 1.55 lakh people were killed in road crashes across India. Road accidents are caused by negligence, fast driving, distractions, drunk driving, not wearing seat belts, weather disturbances, bad roads, the absence of dividers, or car brake issues. The absence of dividers or road separators can be done by improving road infrastructure. Crash barriers are one such category that can be used as dividers. With increased traffic and no proper direction for the coming and going vehicles a single one-way road is very dangerous. Moreover, it becomes difficult for pedestrians to cross the road with heavy traffic, which increases road crashes. In addition, the adoption of automotive safety systems in the form of crash imminent braking, pedestrian emergency braking, is anticipated to boost the segment’s growth in the market.
The global crash barrier systems market is also segmented and analyzed for demand and supply by type into the fixed and portable barriers. Among these, the fixed barrier segment is estimated to garner the largest market share owing to the growing need for continuous guards on the roads to prevent road crashes. An increasing number of road accidents and mountain slide deaths is also estimated to boost the growth of the segment. In the U.S. as per the reports, about 48 people die every year from landslides. Fixed crash barriers are safety barriers that are assembled at the corners and middle of the road with a permanent setting, unlike portable plastic barriers. The fixed barriers are usually made of steel to withstand climatic conditions and fast-moving vehicles to improve road safety thereby increasing the growth of the fixed crash barrier market’s segment. Moreover, the roads along the hill areas, water lands, and mountain roads are installed with fixed barriers to prevent vehicles from going close to the mountain rocks as they may slide suddenly.
Our in-depth analysis of the global crash barrier systems market includes the following segments:
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By Type |
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By Technology |
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By Application |
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The Asia Pacific crash barrier systems market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The huge population in countries such as India and China has resulted in the growing construction of roads, bridges, and highways that require high-end safety and security for drivers. According to the World Bank, the population of India and China has increased from 1.06 billion and 1.26 billion in 2000 to 1.39 billion and 1.41 billion in 2021 respectively. The economic growth of India is estimated to improve roads to meet high standards. Moreover, the increasing transport dependent on roads is increasing day by day with more imports, exports, and e-commerce sales. In addition, everything is being purchased from e-commerce platforms with increasing internet penetration. This promotes the installation of crash barriers on highways, roads, flyovers, and bridges. Furthermore, flyovers are being built in many areas to control traffic, which is expected to boost market growth in the region, according to market analysis. Even the government has sanctioned funds for many road projects to reduce road accidents and improve the beauty of the cities by planting trees in the middle and side paths of the roads.
Trinity Highway Products, LLC
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Growing construction and automotive industries and increased demand for crash barrier systems are the major factors driving the growth factor of the marke
Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 – 2033.
Ans: Price volatility of raw materials is the major factor restraining the market growth of crash barrier systems.
Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Trinity Highway Products, LLC, Roadsafe Traffic Systems, Inc., Hill & Smith Holdings PLC, Trinity Highway Products LLC, Pinax Steel Industries, Tata Steel, Lindsay Corporation, Transpo Industries, Inc., Valmont Industries, Inc., Nucor Corporation, Avon Barrier Corporation Ltd.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, technology, application, and by region.
Ans: The roadside barrier segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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