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″, published by MarketsandMarkets™, the 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.
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Crash barrier systems is used across applications, such as roadside 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.
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.
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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.
Tata steel Europe (UK), NV Bekaert S.A. (Belgium), Valmont Industries, Inc. (UK), Trinity Industries Inc (US), and Nucor Corporation (US). are the leading crash barrier systems manufacturers, globally.
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