Chicago, June 22, 2022 (GLOBE NEWSWIRE) -- According to the new market research report "Crash Barrier Systems Market by Type (Portable & Fixed), Technology (Rigid, Semi-Rigid & Flexible), Device (Crash Cushions, End Treatments, and GEAT), Application (Roadside, Median, Work-zone, and Bridge) & Region - Global Forecast to 2026". The global crash barrier systems market size is expected to grow from USD 7.6 billion in 2021 to USD 9.0 billion by 2026, at a CAGR of 3.3% during the forecast period. Crash barrier systems is used across applications, such as roadsie barriers, median barriers, work zone barriers, bridge barriers and Others. In the crash barrier systems market, roadside barrier is the largest application owing to the increasing usage of guardrails and wire ropes on highways and roadways across the globe.
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Roadside Barriers is expected to be the fastest growing application in the Crash barrier systems market during the forecast period.
The market is witnessing growth because of the increasing usage of guardrails and wire ropes on highways and roadways across the globe. With the application of crash barriers on roadside and on the middle of the road, the motorists are shielded from natural or man-made obstacles such as retaining walls, traffic signals, trees, and culverts that are located on either side of the roadways. It accounted for a share of about 54.3% of the Crash barrier systems market, in terms of volume, in 2019.
Tata Steel Europe is the largest player in the market. The company has adopted crash barrier manufacturing techniques by integrating all operations. Through extensive R&D activities, it has come up with innovative products such as Vetex road safety barriers and off-road safety barriers. It is also focusing on making investments in its high value-added businesses and also entering into various contracts with major players in the crash barrier systems market.
Valmont Industries, Inc. is the second-largest player of the crash barrier systems market, globally. In December 2019, the company 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.
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Europe is expected to hold the largest market share in the global crash barrier systems market during the forecast period.
Europe accounted for the largest share of the Crash barrier systems market in 2020. The market in the region is growing because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.
Global Crash Barrier Systems Market Manufacturers:
- Tata steel Europe (UK),
- NV Bekaert S.A. (Belgium),
- Valmont Industries, Inc. (UK),
- Trinity Industries Inc (US), and
- Nucor Corporation (US).
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Study Coverage
This research report categorizes the Crash Barrier Systems Market based on Type, Device , and Application. based on Type the market has been segmented into Portable & Fixed. based on Device the market has been segmented into Crash Cushions, End Treatments, and GEAT. By Application, the market has been segmented into Roadside, Median, Work-zone, and Bridge. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the Crash Barrier Systems Market.
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