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Crash Barrier Systems Market

Crash Barrier Systems Market Forecasts to 2028 – Global Analysis By Technology (Rigid Barriers, Semi-Rigid Barriers), Type (Moveable/Portable, Immovable/Fixed), Application (Bridge Barriers, Median Barriers) and By Geography

4.0 (91 reviews)
Published: January 2022 ID: SMRC21253
4.0 (91 reviews)
Published: January 2022 ID: SMRC21253

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Crash Barrier Systems Market is accounted for $7.80 billion in 2021 and is expected to reach $11.81 billion by 2028 growing at a CAGR of 6.1% during the forecast period. Crash barrier systems are efficient safety solution systems that are being implemented for the safety of pedestrians as well as for the safety of vehicle owners. They are some of the road safety measures & solutions that are used for road barrier systems to provide safety for vehicles and to reduce the impact of vehicle crashes.

Market Dynamics:

Driver:

Growing construction and automotive industries


The crash barrier systems market is projected to be driven by the performance of the construction and automotive industries. The rising per capita income of the middle-class population has increased their purchasing power, which has resulted in an increase in the number of vehicles and hence, new roads. The movement of rural populations to urban areas in developing countries has also increased, due to which, the demand in the construction sector is rising. The development of the commercial real estate, coupled with modification of transport infrastructure across the globe, is expected to propel market growth over the forecast period.

Restraint:

High crash severity due to barrier collision


Rigid barriers are used along roads to minimize the severity of accidents after impact. Hence, the severity of the crash increases post-impact when rigid and semi-rigid barriers are used. Rigid barriers are less effective as more of the energy of the impact is transmitted to the vehicle occupants resulting in greater injuries. This effect is known as ride-down in barrier crash testing. The high reparation cost of barrier systems acts as a restraint in the global crash barrier systems market growth. With the crash impact, barrier systems such as concrete blocks, wooden fences, and end treatments necessitate high costs for their reconstruction. Because of this, most highway authorities, such as ERF and NCHRP, have started installing flexible crash barriers with ropes and wires, which absorb the most energy during impact with vehicles, thus reducing the severity of crashes.

Opportunity:

Increase in infrastructure expenditure in developing nations


The increase in infrastructure expenditure in developing nations like India, Brazil, and Mexico is generating chances for the crash barrier systems market to flourish. In addition, the government has implemented several safety measures, including the installation of signs, reflectors, and crash barriers on roadways and in other relevant locations. The need for crash barriers is likely to rise as a result of this. Barrier manufacturing businesses also keep an eye on improvements in barrier construction material quality and the ease with which they can be installed, which helps the crash barrier industry grow.

Threat:

Raw material price volatility


The development of crash barriers systems is significantly reliant on raw material resources. Production becomes simple as long as these raw materials are accessible at a reasonable price. However, raw material prices are extremely variable; when these prices rise, so do manufacturing prices, resulting in high finished product pricing for end customers. Steel and concrete are common raw materials for crash barriers.

The median barriers segment is expected to have the highest CAGR during the forecast period

The median barriers segment is growing at the highest CAGR in the market due to their increased acceptance in the coming years, like improved security and reduced crash impact factors are responsible for their increased adoption. They are usually utilized along roads to decrease the impact of high-speed cars, preventing fatalities and injuries. They are more popular because they require less maintenance than other barrier systems.

The flexible barriers (cable & chain beam barriers) segment is expected to be the largest during the forecast period

The flexible barriers (cable & chain beam barriers) segment is expected to be the largest share during the forecast period. Flexible barriers are made from wire rope supported between frangible posts. It has the best option for minimizing injuries to vehicle occupants. Flexible barriers deflect more than other barrier types.

Region with largest share:

Europe is projected to hold the largest share in the market due to the increasing industrialization and urbanization across the countries. The market in this region is growing because of the willingness of companies to take up capital-intensive projects, along with the availability of technical expertise.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR due to the enormously rising population and the growing prerequisite for safety systems. Additionally, stringent authoritative actions concerning the casual approach towards the road safety regulations are projected to offer lucrative opportunities for the key players to built and install technologically advanced crash barriers across applications.
Key players in the market:

Some of the key players profiled in the Crash Barrier Systems Market include Arbus Limited, Avon Barrier Corporation Ltd., Gramm Barrier Systems Ltd., Hill & Smith Holdings Plc, Lindsay Corporation, Nucor Corporation, NV Bekaert SA, Omnitec Group, RS Security Co.,Ltd., Salmen Tech Co. Inc., Tata Steel Limited, Transpo Industries, Inc., Trinity Industries, Inc., Utkarsh India Limited, and Valmont Industries, Inc.

Key developments:

In May 2020: Hill and Smith installed ‘FlexGuard motorcyclist Protection’ in Scotland. It is specifically utilized on sharp bends or corners where motorcyclists are at most risk of skidding on road. In such occasions, FlexGuard is probable to prevent motorcyclist from severe accident.

In December 2019: Valmont Industries, Inc. introduced HighwayGuard LDS, which is a MASH 16 TL-3 compliant steel safety barrier. It has a T-connector, which provides quicker installation, removal, and separation of barrier sections. It also offers the ability to remove sections within a run to create access gaps, replace damaged sections or alter barrier runs.

In August 2019: Lindsay Corporation launched ABSORB-M, a new, non-redirective, water-filled crash cushion system. Tested to the American Association of State Highway and Transportation Officials (AASHTO) Manual for Assessing Safety Hardware (MASH) Test Level TL-2 and TL-3 standards, the ABSORB-M is suited for narrow areas where road and workspace are limited.

In March 2019: Nucor Corporation announced that it would build its new state-of-the-art steel plate mill in Brandenburg, Kentucky, located along the Ohio River, southwest of Louisville. The company will invest approximately USD 1.35 billion to build the mill, which will be capable of producing 1.2 million tons per year of steel plate products. The new plate mill will significantly strengthen Nucors plate product portfolio.

Technologies Covered:
• Flexible Barriers (Cable & Chain Beam Barriers)
• Rigid Barriers
• Semi-Rigid Barriers

Devices Covered:
• Guardrails Energy Absorbent Terminals (GEAT) 
• Crash Cushion 
• Gating and Non-Gating End Treatment 
• Water & Sand Filled Plastic Barriers 
• Other Devices 

Types Covered:
• Moveable/Portable Barrier System
• Immovable/Fixed Barrier System

Applications Covered:
• Bridge Barriers
• Median Barriers
• Roadside Barriers
• Work Zone Barriers
• Footpath Barriers
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary         
          
2 Preface         

 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis        
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis          
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Technology Analysis        
 3.7 Application Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19         
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
           
5 Global Crash Barrier Systems Market, By Technology         
 5.1 Introduction        
 5.2 Flexible Barriers (Cable & Chain Beam Barriers)        
 5.3 Rigid Barriers        
  5.3.1 Concrete Barriers       
  5.3.2 Pre-Cast Concrete Barriers         
 5.4 Semi-Rigid Barriers        
  5.4.1 Thrie-Beam Barriers       
  5.4.2 W-Beam Steel Barriers       
  5.4.3 Box Beam Barriers       
          
6 Global Crash Barrier Systems Market, By Device         
 6.1 Introduction        
 6.2 Guardrails Energy Absorbent Terminals (GEAT)        
 6.3 Crash Cushion        
 6.4 Gating and Non-Gating End Treatment        
 6.5 Water & Sand Filled Plastic Barriers        
 6.6 Other Devices        
  6.6.1 Hex-Foam Sandwich Systems       
  6.6.2 Low Maintenance Attenuators       
  6.6.3 Brake Master       
          
7 Global Crash Barrier Systems Market, By Type         
 7.1 Introduction        
 7.2 Moveable/Portable Barrier System        
 7.3 Immovable/Fixed Barrier System        
          
8 Global Crash Barrier Systems Market, By Application         
 8.1 Introduction        
 8.2 Bridge Barriers        
 8.3 Median Barriers        
 8.4 Roadside Barriers        
 8.5 Work Zone Barriers        
 8.6 Footpath Barriers         
 8.7 Other Applications        
  8.7.1 Hilly Terrains       
  8.7.2 Pedestrian Foot Path Barriers       
  8.7.3 Racing Tracks       
          
9 Global Crash Barrier Systems Market, By Geography         
 9.1 Introduction        
 9.2 North America        
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America       
 9.6 Middle East & Africa        
  9.6.1 Saudi Arabia       
  9.6.2 UAE       
  9.6.3 Qatar       
  9.6.4 South Africa       
  9.6.5 Rest of Middle East & Africa        
          
10 Key Developments         
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 10.2 Acquisitions & Mergers        
 10.3 New Product Launch        
 10.4 Expansions        
 10.5 Other Key Strategies        
          
11 Company Profiling         
 11.1 Arbus Limited        
 11.2 Avon Barrier Corporation Ltd.        
 11.3 Gramm Barrier Systems Ltd.        
 11.4 Hill & Smith Holdings Plc        
 11.5 Lindsay Corporation        
 11.6 Nucor Corporation        
 11.7 NV Bekaert SA        
 11.8 Omnitec Group        
 11.9 RS Security Co.,Ltd.        
 11.10 Salmen Tech Co. Inc.        
 11.11 Tata Steel Limited        
 11.12 Transpo Industries, Inc.        
 11.13 Trinity Industries, Inc.         
 11.14 Utkarsh India Limited        
 11.15 Valmont Industries, Inc.        


List of Tables          
1 Global Crash Barrier Systems Market Outlook, By Region (2019-2028) ($MN)         
2 Global Crash Barrier Systems Market Outlook, By Technology (2019-2028) ($MN)         
3 Global Crash Barrier Systems Market Outlook, By Flexible Barriers (Cable & Chain Beam Barriers) (2019-2028) ($MN)         
4 Global Crash Barrier Systems Market Outlook, By Rigid Barriers (2019-2028) ($MN)          
5 Global Crash Barrier Systems Market Outlook, By Concrete Barriers (2019-2028) ($MN)         
6 Global Crash Barrier Systems Market Outlook, By Pre-Cast Concrete Barriers (2019-2028) ($MN)         
7 Global Crash Barrier Systems Market Outlook, By Semi-Rigid Barriers (2019-2028) ($MN)         
8 Global Crash Barrier Systems Market Outlook, By Thrie-Beam Barriers (2019-2028) ($MN)         
9 Global Crash Barrier Systems Market Outlook, By W-Beam Steel Barriers (2019-2028) ($MN)         
10 Global Crash Barrier Systems Market Outlook, By Box Beam Barriers (2019-2028) ($MN)         
11 Global Crash Barrier Systems Market Outlook, By Device (2019-2028) ($MN)         
12 Global Crash Barrier Systems Market Outlook, By Guardrails Energy Absorbent Terminals (GEAT) (2019-2028) ($MN)         
13 Global Crash Barrier Systems Market Outlook, By Crash Cushion (2019-2028) ($MN)         
14 Global Crash Barrier Systems Market Outlook, By Gating and Non-Gating End Treatment (2019-2028) ($MN)         
15 Global Crash Barrier Systems Market Outlook, By Water & Sand Filled Plastic Barriers (2019-2028) ($MN)         
16 Global Crash Barrier Systems Market Outlook, By Other Devices (2019-2028) ($MN)         
17 Global Crash Barrier Systems Market Outlook, By Hex-Foam Sandwich Systems (2019-2028) ($MN)         
18 Global Crash Barrier Systems Market Outlook, By Low Maintenance Attenuators (2019-2028) ($MN)         
19 Global Crash Barrier Systems Market Outlook, By Brake Master (2019-2028) ($MN)         
20 Global Crash Barrier Systems Market Outlook, By Type (2019-2028) ($MN)         
21 Global Crash Barrier Systems Market Outlook, By Moveable/Portable Barrier System (2019-2028) ($MN)         
22 Global Crash Barrier Systems Market Outlook, By Immovable/Fixed Barrier System (2019-2028) ($MN)         
23 Global Crash Barrier Systems Market Outlook, By Application (2019-2028) ($MN)         
24 Global Crash Barrier Systems Market Outlook, By Bridge Barriers (2019-2028) ($MN)         
25 Global Crash Barrier Systems Market Outlook, By Median Barriers (2019-2028) ($MN)         
26 Global Crash Barrier Systems Market Outlook, By Roadside Barriers (2019-2028) ($MN)         
27 Global Crash Barrier Systems Market Outlook, By Work Zone Barriers (2019-2028) ($MN)          
28 Global Crash Barrier Systems Market Outlook, By Footpath Barriers (2019-2028) ($MN)         
29 Global Crash Barrier Systems Market Outlook, By Other Applications (2019-2028) ($MN)         
30 Global Crash Barrier Systems Market Outlook, By Hilly Terrains (2019-2028) ($MN)         
31 Global Crash Barrier Systems Market Outlook, By Pedestrian Foot Path Barriers (2019-2028) ($MN)         
32 Global Crash Barrier Systems Market Outlook, By Racing Tracks (2019-2028) ($MN)         
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

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