PUNE, India, March 1, 2016 /PRNewswire/ --
The report "Barrier Systems Market by Type (Bollards, Fences, Guardrails, Others), ACD (Perimeter Security, Bio-metric, Turnstile, Others), Material (Plastic, Metal, Others), Function (Active, Passive), Application (Roadways, Railways, Others) - Forecast to 2020" published by MarketsandMarkets, The market is projected to grow from USD 15.78 Billion in 2015 to USD 18.81 Billion by 2020, at an estimated CAGR of 3.58%.
Browse 370 Tables and 55 Figures spread through 223 Pages and in-depth TOC on "Barrier Systems Market"
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This growth is attributed to the growing infrastructure and automotive industry, resulting in an increase in demand for safety barriers such as fences, gates, and crash barrier systems. The growing number of roadways and railways also provide an opportunity for the Barrier Systems Market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
Plastic safety barriers to gain maximum traction during the forecast period
Plastic barrier systems are projected to be the fastest-growing barrier systems, in terms of material, by 2020. High durability, low cost, and light weight are some of the factors which make plastic a popular choice for barrier system manufacturers. Also, plastic barriers can be recycled and reused, making them sustainable. Plastic is one of the few materials that can be used for making both, active as well as passive safety barriers.
The roadways sector contributes maximum market share
Roadway is the largest application area of barrier systems. Various types of barriers such as bollards, guardrails, and beam barriers are used on roadways. This dominance is owing to the growing incidences of roadside crashes with natural or man-made barriers such as trees, poles, and signals. Many countries have increased their spending on infrastructural activities, providing the necessary momentum to the Barrier Systems Market.
Asia-Pacific to play a key role in the market for barrier systems
On the basis of key regions, the market for barrier system is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is the most attractive market for barrier systems. The rising economy and the rapid growth in the infrastructure sector in the Asia-Pacific region have significantly impacted the growth of barrier systems. This region is projected to witness the highest number of new constructions and infrastructural activities in the near future.
The scope of the report covers detailed information regarding the major factors influencing the growth of the Barrier Systems Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product & technology launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the market for barrier systems.
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The key players in the Barrier Systems Market are Tata Steel Limited (India), Bekaert SA (Belgium), Trinity Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Valmont Industries Inc. (U.S), Hill & Smith Holdings PLC (U.K.), FutureNet Group (U.S.), Delta Scientific Corporation (U.S.), A-Safe (U.K.), and Avon Barrier (U.K.).
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