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Crash Barrier Systems Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: September 2024 || SKU: AUTR1338
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Global Crash Barrier Systems Market is segmented By Type (Portable Barrier System, Fixed Barrier System, Others), By Technology (Rigid Barriers, Semi-Rigid Barriers, Flexible Barriers), By Device (Crash Cushions, Gating, and Non-gating Products, Guardrails Energy Absorbent Terminals, Water and Sand Filled Plastic Barriers, Others (Hex-Foam, Sandwich Systems, Brake Master, Low Maintenance Attenuators)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Crash Barrier Systems Market Size

The Global Crash Barrier Systems Market reached USD 7.9 billion in 2022 and is expected to reach USD 10.6 billion by 2030, growing with a CAGR of 3.8% during the forecast period 2024-2031. The Global Crash Barrier Systems Market is expected to grow steadily in the coming years due to the increasing demand for safety and security on roads and highways.

Strong safety barriers are built around racetracks or in the middle of two-lane streets to prevent serious accidents. Governments and regulatory authorities are increasingly focusing on road users’ safety due to rising traffic accidents and fatalities worldwide. 

For instance, the Russian government invested US$96 billion on a 6-year modernization plan for infrastructure development in 2019 that covers airports, highways and trains, and other infrastructure. During the forecast period, financial investments are expected to positively impact the market.

 

Market Summary

Metrics

Details

CAGR

3.8%

Size Available for Years

2022-2031

Forecast Period

2024-2031

Data Availability

Value (US$) 

Segments Covered

Type, Technology, Device and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

Asia-Pacific

Largest Region

North America

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Market Dynamics

Growing Demand for Road Safety

Governments worldwide are investing heavily in infrastructure development, particularly in developing countries, to enhance road safety and reduce the number of traffic accidents. Moreover, the rising number of vehicles on the road and growing urbanization have increased the need for crash barrier systems to protect drivers and pedestrians. ​

For instance, according to the National Crime Records Bureau's most current statistics, road accidents in India claimed the lives of nearly 1.55 lakh persons in 2021 or an average of 426 per day or 18 per hour. In response, most highway agencies, such as ERF and NCHRP, have begun to create flexible crash barriers made of ropes and wires. When the walls connect with vehicles in motion, they absorb the most energy, reducing the severity of collisions.

The Growing Infrastructure Development Projects

Infrastructure development projects, such as roads, highways and bridges, have seen a surge in investment due to rapid urbanization, population growth and the need to modernize transportation networks. The government's stringent regulations, the lack of a feasible alternative and growing safety concerns in various locations, including airports, roads, business buildings and residential lanes, are also expected to fuel the industry.

As part of all-encompassing road safety measures, the projects frequently call for installing the crash barrier systems, increasing demand for those systems. For instance, the Indian government unveiled the National Infrastructure Pipeline (NIP) for FY 2019–25, a collection of infrastructure projects totaling INR 111 lakh crore (USD 1.5 trillion) to enhance the ease of life and business environment. It was initially intended for 6,835 projects. However, that number was increased to 7,400 projects in 2021. The majority of the project's worth is accounted for by roads, housing, urban development, railroads, conventional power, renewable energy and irrigation.

Market Segment Analysis

The Global Crash Barrier Systems Market is segmented based on type, technology, device and region.

The Reduction in Collision with the Crash Cushions Drives the Growth

In 2022, crash cushions accounted for the largest Global Crash Barrier Systems Market share, with around 38%. A crash cushion or effect attenuator, often known as a crash attenuator, reduces the harm a collision with a moving vehicle causes to buildings, people on the road and vehicles. The system is designed to reduce the angular momentum of an approaching car. 

It can also divert the vehicle's attention from the hazard or roadside apparatus and personnel. For instance, the National Highways Authority of India (NHAI) constructed a crash cushion or crash attenuator on the Mumbai-Ahmedabad highway region where businessman and former chairman of Tata Sons Cyrus Mistry was killed in a deadly car accident in 2022.

Market Geographical Share

The Growing Need of Safety in Asia-Pacific

With more than 35% of the market share, Asia-Pacific is the largest and fastest-growing region in the Global Crash Barrier Systems Market in 2022. The crash barrier systems market in the area is anticipated to be driven by the rapidly increasing population of the region and the rising demand for safety measures. 

Similarly to that, the primary competitors in the market benefit from the increase in accidents in Asia-Pacific emerging countries brought on by a disregard for traffic safety regulations. For instance, 4,12,432 traffic accidents were reported in India in 2021, resulting in 1,53,972 fatalities and 3,84,448 injuries. Sadly, the age range most severely hit by road accidents is 18 to 45 years old, accounting for almost 67 percent of all accidental deaths.

Market Key Players

The major global players include Technocrats Security Systems Pvt. Ltd, Transpo Industries, Inc, Certified Traffic Controllers, Inc., Avon Barrier Corporation Ltd., Rs Security Co Ltd, Trinity Highway Products, Llc., Lindsay Corporation, Hill & Smith Ltd, Salmen Tech Company, Inc and Stalfa Sp. Z O.O. (Llc).

COVID-19 Impact on Market

COVID Impact

The global market for crash barrier systems had slower growth during COVID-19, mostly as a result of delays in the production of the barriers and supply chain disruption. On the other side, major companies in the global barrier systems market are developing new products with distinctive features, such as Barrier1 Systems, LLC.

For example, Barrier1 Systems and Cepton Technologies established a cooperation in March 2021 to integrate their barrier control systems with "Cepton's Hellas Smart Lidar System" and provide cutting-edge safety solutions. Due to such product value integration, the market for crash barrier systems is expected to have a healthy growth in future.

AI Impact 

With developments and improvements in various areas of crash barrier design, installation and maintenance, artificial intelligence (AI) has the potential to significantly impact the global market for crash barrier systems. To improve the crash barrier designs, AI algorithms can analyze enormous volumes of data on traffic incidents, vehicle dynamics and crash test outcomes. 

Through sensors and systems like computer vision, AI enables gathering and labeling data on the infrastructure's overall condition and traffic incidents across the road network. Before crashes take place, it can be useful to identify areas with the highest crash risk. By this AI can assist in developing more effective and efficient crash barrier systems that provide enhanced protection by considering variables including impact pressures, vehicle trajectories and barrier materials.

Russia-Ukraine War Impact

The crash barrier devices were frequently installed in infrastructure projects to improve road safety. In affected regions, the conflict between Russia and Ukraine could postpone or cancel infrastructure development projects. Drivers, pedestrians and other road users were in danger by a lack of maintenance caused by the conflict. 

The timely aid given to accident victims is affected by emergency services' limited availability and slow response times, which might increase the severity of injuries and fatalities. It is expected to affect the region's market demand for crash barrier systems. Infrastructure projects are hampered, which lowers the demand for the crash barrier systems, especially in places where the conflict is high.

By Type

  • Portable Barrier System
  • Fixed Barrier System
  • Others

By Technology

  • Rigid Barriers 
  • Semi-rigid Barriers
  • Flexible Barriers

By Device

  • Crash Cushions
  • Gating and Non-gating Products
  • Guardrails Energy Absorbent Terminals
  • Water and Sand Filled Plastic Barriers
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa

Key Developments

  • Avon Barrier, an established manufacturer of barrier systems for access control and perimeter security of people and vehicles, was purchased by a Perimeter protection company in 2021. With the acquisition, the perimeter protection firm wants to grow its international client base.
  • Trinity Highway Products, LLC, a leading producer of highway guardrails, end treatments, and temporary and permanent crash cushions, announced an agreement with Highway Care Ltd., a leading supplier and installer, of specialist highway and security vehicle restraint systems and mobile traffic products,  in June 2021 to manufacture, distribute and rent the MASH-tested Highway Guard Barner in North America. Trinity Highway expanded its commitment to providing cutting-edge Highway Guard roadway solutions to Mexico, U.S. and Canada due to the collaboration.
  • A water-filled, the non-redirected crash barrier system called ABSORB-M was presented in 2020 by Lindsay Corporation, a U.S.-based global leader in providing innovative water management and road infrastructure products & services. The elegant barrier is perfect for confined spaces with little room for movement and work area. 

Why Purchase the Report?

  • To visualize the Global Crash Barrier Systems Market segmentation based on type, technology, device and region and understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous data points of the crash barrier systems market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The Global Crash Barrier Systems Market Report Would Provide Approximately 61 Tables, 59 Figures And 204 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s

  • Global Crash Barrier Systems Market reached USD 7.9 billion in 2022 and is expected to reach USD 10.6 billion by 2030

  • The Key Players are Technocrats Security Systems Pvt. Ltd, Transpo Industries, Inc, Certified Traffic Controllers, Inc., Avon Barrier Corporation Ltd., Rs Security Co Ltd, Trinity Highway Products, Llc., Lindsay Corporation, Hill & Smith Ltd, Salmen Tech Company, Inc, Stalfa Sp. Z O.O. (Llc)
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