Safety barriers can be utilized for a broad range of activities, from keeping people away from dangerous areas to traffic control. Barrier system is the crucial component that guarantees safety solutions on airports, roadways, residential lanes, railways, commercial buildings, and others. They are deployed to effectively and efficiently manage vehicles and reduce the possibilities of vehicle intrusions. These systems are also utilized in commercial infrastructures such as institutional and corporate buildings, complexes, and residential areas.
MARKET SCOPE
The "Global Safety Barrier Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the safety barrier market with detailed market segmentation by barrier type, end-user, and geography. The report provides key statistics on the market status of the leading safety barrier market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on barrier type, the global safety barrier market is segmented into concrete barriers, guard rail noise protection, and safety barrier.
- On the basis of end-user, the market is segmented into residential and non-residential.
MARKET DYNAMICS
Drivers:
- Some of the major drivers boosting the growth of safety barrier market are the growing safety and security concerns, increasing investments in the commercial infrastructure, and stringent government regulations.
- Investments in railway, roadway, and airport constructions may generate the requirment for the application of safety barrier systems, which in turn boosts the growth of safety barrier market during the forecast period.
Restraints:
- High repair costs required for safety barrier systems may hinder the growth of market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The safety barrier market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the safety barrier market in these regions.
IMPACT OF COVID-19 ON SAFETY BARRIER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the safety barrier market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from safety barrier market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the safety barrier market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ArcelorMittal Group
- Border Barrier Systems Ltd.
- Britpave Barrier Systems Ltd
- DELTA BLOC International GmbH
- DUNES INDUSTRIES LLC
- Maltaward Barriers Ltd
- MICE SA
- R. Kohlhauer GmbH
- voestalpine Metal Forming GmbH
- VOLKMANN and ROSSBACH GmbH and Co. KG