According to Technavio’s latest market research study, the global crash barrier systems market is expected to grow at a CAGR of around 3% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global crash barrier systems market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
Source: Technavio
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The top three revenue contributing product segments are discussed below
Global semi-rigid crash barrier systems market: Semi-rigid crash barrier systems include steel beams or rails. These barriers deflect less than flexible barriers and more than rigid barriers making it suitable for roadside and median barriers. Since these systems are rigid than flexible systems, resistance is attained through the shared flexure and tensile strength of the rail.
“Many developing countries such as India, China are increasing their road transport efficiency by road widening, more connectivity to places, and increasing traffic regulations. Such infrastructural development is propelling the demand for crash barrier systems in the global market,” says Abhay Sinha, a lead analyst at Technavio.
Global rigid crash barrier systems market: Rigid barriers include concrete barriers that are designed to contain and redirect errant vehicle. Rigid crash barrier systems are used in various highways for protection of vehicles and occupants owing to various advantages such as low maintenance and long life-cycle.
Global flexible crash barrier systems market: Flexible crash barriers include cable wire rope barriers that are made up of high tensile steel and have high level of deflection when a vehicle is collided. Advantages such as cost efficiency, low installation and maintenance costs, and aesthetic appeal drive the adoption of flexile crash barrier systems. These barriers are becoming increasingly popular as a replacement for median barriers as they reduce the level of injuries and head on collisions on roads.
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The top vendors operating in the global crash barrier systems market are:
- Tata Steel
- Nucor
- Lindsay Corporation
Other prominent vendors in the market include Arbus, Avon Barrier Corporation, Bekaert, CT Safety Barriers, Energy Absorption Systems, Houston Systems, Ingal Civil Products, Jackson Fencing, OTW Safety, Pennar Industries, Peter Berghaus, Safe Direction, TrafFix Devices, Transpo Industries, and Trinity Highway Products.
A more detailed analysis is available in the Technavio report titled, ‘Global Crash Barrier Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Automatic Boom Barrier Market 2016-2020
- Global Barrier Materials Market 2016-2020
- Global Automotive Advanced Emergency Braking System Market 2016-2020
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