Barrier Systems Market by Type (Fence, Bollard, Gates, Crash Barrier, Drop Arm, and Others), Technology (Rigid, Semi-rigid, and Flexible), Material type (Metal and Non-metal), Application (Roadways, Airports, Railways, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

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Shibuya Data Count

Sep 15, 2021, 02:27 EST

Shibuya-ku, Tokyo, Japan, Japan, Sep 15, 2021, 02:27 /Comserve / -- According to Research Dive analysis, the global barrier systems market is estimated to generate a revenue of $22,384 million by 2028, increasing from $16,546.9 million in 2020, at a healthy CAGR of 6.2%.

Impact Analysis of COVID-19 on the Global Barrier Systems Market:

Majority of the nations across the globe are facing the unprecedented social, economic, and medical emergency with the massive pandemic of coronavirus disease. The business operations have extremely impacted mainly owing to the complete shutdown combined with shortage of the employees. Furthermore, the pandemic situation has also partially declined the growth of global barrier systems market, owing to the lack of raw material for the barrier manufacturing which may cause postponement in the ongoing projects. However, multiple barrier manufacturing firms are following strategic steps for business sustenance. For example, in February 2021, TrafficGuard, a notable bollard manufacturer, has officially announced the launch of ‘TrafficGuard Core-In Protection Systems’. The Core-In system is one of the solutions for businesses and storefronts which is cost-effective and provides rapid installation. Such effective product offering may further create enormous opportunities in the global barrier systems industry, post the COVID-19 crisis.

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Barrier Systems Market Analysis:

The extensive growth of global barrier systems industry is majorly attributed to the modification of transport infrastructure, growing development of commercial real estate, and integration of advanced technologies. Barrier devices including bollards, fences, drop arms, and crash barriers are significantly installed on roadways, railways, airports in order to precisely redirect the vehicles and pedestrians along appropriate routes. In addition to this, the massive expansion and modification of above-stated modes of transportation are also anticipated to flourish the global barrier systems market, during the analysis period.

Volatility in the raw material prices, the high reparation cost of barrier systems, and less market penetration in the middle-income countries may obstruct the global barrier systems market growth, in the projected period.

in recent several years, Latin American economies namely Argentina, Colombia, and Brazil, as well as African economies like South Africa, have shown signs of development and novel innovations in construction sector. Moreover, the urbanization in these countries is massively increased. Thus, these countries present lucrative opportunities for the barrier systems market in order to grow.

Based on type, the global market for barrier systems platform is divided into bollard, fence, crash barrier, drop arm, gates, and others.
The crash barrier sub-segment shall have the fastest market growth and it is expected to register a revenue of $7,876.9 million by 2028.
Based on material type, the market is classified into metal, and non-metal. The metal sub-segment garnered $10,280.5 million in 2020 and is anticipated to grow exponentially by 2028.

Based on technology, the global market for barrier systems platform is divided into rigid, non-rigid, and flexible.

The flexible sub-segment shall have the fastest market growth and it is expected to register a revenue of $4,620.7 million by 2028.

Based on application, the market is classified into airports, roadways, railways, and others. The roadways sub-segment garnered $8,357.5 million in 2020 and is projected to increase exponentially by 2028.

Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific barrier systems market is projected to rise at a growth rate of 4.5% by 2028 from the revenue generated in 2020.

The companies involved in the global barrier systems market are Lindsay Corporation, DELTA BLOC International GmbH, Hill & Smith Holdings PLC, Valmont Industries, Inc., Guangxi Shiteng Transportation Engineering Co., Ltd., Nucor Corporation, Arbus Ltd, A-SAFE., Avon Barrier Corporation Ltd, and Barrier1 Systems, LLC.

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