Crash barriers are used to prevent vehicles from crashing with dangerous obstacles such as boulder stones, buildings, sign supports, trees, and bridge abutments, and thereby to keep them on the track. Technologies to improve the flow of traffic include automotive crash barriers which help to prevent vehicles from roadside hazards. Automotive crash barriers absorb the energy from the vehicle collision. Road barrier systems are used in some road safety measures & solutions in order to provide safety for vehicles and reduce the impact of vehicle crashes. Most of the developed countries across the globe have started implementing road safety programs.
MARKET SCOPE
The "Global Crash barrier Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the crash barrier market with detailed market segmentation by type, device, application, and geography. The report provides key statistics on the market status of the leading crash barrier market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global crash barrier market is segmented into moveable/portable barrier system and immovable/fixed barrier system.
- On the basis of device, the market is segmented into crash cushions, gating and non-gating end treatment, water and sand filled plastic barriers, guardrails energy absorbent terminals and others.
- Based on application, the global crash barrier market is segmented into median barriers, bridge barriers, roadside barriers, work zone barriers and others.
MARKET DYNAMICS
Drivers:
- Growing adoption of the vehicle crash barrier system by the majority of countries, rising automotive market, increasing spending on infrastructures such as airports and roads and increasing focus on industrialization and escalating growth in the construction sector are few of the factors driving the growth of the crash barrier market.
- The rising awareness among the general population regarding the importance of safety measures is also fuelling the growth of the global crash barrier market in the forecast period.
- Furthermore, the rising popularity and demand for flexible crash barriers will further drive the global crash barrier market..
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The crash barrier market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the crash barrier market in these regions.
IMPACT OF COVID-19 ON CRASH BARRIER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the crash barrier market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from crash barrier market are anticipated to lucrative growth opportunities in the future with the rising demand for crash barrier in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the crash barrier market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arbus Limited
- Avon Barrier Corporation Ltd.
- Hill and Smith Holdings PLC
- Lindsay Corporation
- Nucor Corporation
- NV Bekaert SA
- Tata Steel Limited
- Transpo Industries, Inc.
- Trinity Industries, Inc.
- Valmont Industries, Inc.