In addition, the report includes regional market analysis of these segments. In addition, various government initiatives in developing economies are anticipated to substantially increase the number of road and rail development projects in emerging economies. One of the major factors that drives the adoption of plastic barrier systems among the manufacturers includes the recyclability and re-usability properties of plastics. However, barrier systems, especially rigid barriers incur high cost of repair on crash impacts, which is expected to restrain the growth of the global market.Īs per the market trend, plastic barrier systems are witnessing significant growth, owing to their attributes such as low cost, durability, and light weight. With the continuous technological evolution, manufacturers are producing barrier systems equipped with automated control panel systems, which serve as a potential booster for the global barrier systems market. This scenario is expected to boost the barrier systems market.

Furthermore, rise in population and increase in purchasing power drive the automobile industry thereby, stimulating the need for application of safety solutions. Government's increasing investments in transport infrastructure including road, highway, bridge, railway, and airport is a primary factor that accelerates the demand for barrier systems. Furthermore, barrier systems act as guidelines, to ensure safe passage of vehicles as well as pedestrians along designated routes and preventing them from entering into restricted areas. To curb down the accident frequencies and ensure road safety, barrier systems are installed. Rapid growth in the infrastructure industries and urbanization has highly impacted the traffic level on roads, leading to increased number of accident incidences. Barrier systems include fence, bollard, crash barrier, drop arm, and others.

The barrier systems market valued for $19,252.81 million in 2021 and is estimated to surpass $28,134.50 million by 2031, exhibiting a CAGR of 3.7% from 2022 to 2031.īarrier systems are essential components that are used to eliminate and minimize crashes and vehicle collisions to ensure the safety of vehicles and pedestrians. 23, 2023 (GLOBE NEWSWIRE) - The 'Barrier Systems Market By Device type, By Technology, By Material, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031' report has been added to 's offering.

5.3 driver booster key