Barrier Systems Market by Type (Fence, Bollard, Gates, Crash Barrier, Drop Arm, and Others), Technology (Rigid, Semi-rigid, and Flexible), Material type (Metal and Non-metal), Application (Roadways, Airports, Railways, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

Global Barrier Systems Market Analysis

The global barrier systems market is anticipated to garner $22,384.0 million in the 2021–2028 period, increasing from $16,546.9 million in 2020 at a noteworthy CAGR of 3.9%.

Market Synopsis

Increasing environmental concerns is one of the key drivers for the growth of the barrier systems market. 

However, price fluctuations in raw material is one of the reasons hampering the growth of global barrier systems market.

According to the regional analysis of the barrier systems market, the Asia-Pacific market is expected to surge at a CAGR of 4.5% by generating a revenue of $5,036.4 million throughout the analysis period.

Barrier Systems Overview

Barrier system is the one of the crucial components that mainly ensure safety solutions for roadways, residential lanes, airports, railways, commercial buildings, and others. Barrier systems are mounted to reduce the possibilities of vehicle intrusions along with effectively manage vehicles. Furthermore, these systems are also utilized in commercial infrastructures namely complexes, residential areas, and institutional and corporate buildings.

Impact Analysis of COVID-19 on the Global Barrier Systems Market

The COVID-19 pandemic has been unprecedented, across the world. The global barrier systems market has experienced decline in growth rate, during the period, majorly owing to the delays in barrier manufacturing and supply chain disruption. On the other hand, industry players operating in the global barrier systems market namely Barrier1 Systems, LLC (Barrier1), a leading provider of the state-of-the-art robust physical barriers, is coming forward with innovative product development with unique capabilities. For example, in March 2021, Barrier1 Systems announced the partnership with Cepton Technologies, Inc., a significant global lidar manufacturer, in order to combine its barrier control systems with Cepton’s Helius™ Smart Lidar System to offer advanced safety solutions. Such value integration in the products may further lead to lucrative opportunities in the global market.

Enhanced Performance of the Construction and Automotive Market globally to Upsurge the Market Growth

The barrier systems market is expected to be driven by the improving performance of the automotive and construction industries worldwide. The increasing per capita income of the middle-class population has resulted in the rise in the number of vehicle purchases and thus, new road infrastructure. These factors may drive the demand for road safety products, which may ultimately propel the global barriers systems market, during the analysis period. Furthermore, growing urbanization in developing nations namely India nad China has also increased the demand in the construction products & equipment, which has positively affected the global barrier systems market.

To know more about global barrier systems market drivers, get in touch with our analysts here.

A Higher Initial Investment May Obstruct the Growth of the Global Barrier systems Market 

Volatility in the prices of raw material is one of the major reasons declining the global barrier systems’ market growth. In addition to this, lower product penetration in the low-income countries, may also restrain the global barrier systems market, throughout the analysis period.

The Strong Presence of Industry Players and their Strategic Steps May Create Opportunities for the Global Barrier Systems Market in the Coming Years

The barrier systems industry is anticipated to grow notably owing to the existence of the prominent firms across the globe. The leading ventures namely A-Safe, Lindsay Corporation, and Valmont Industries, Inc. have been focusing primarily on the strategies including novel product developments in the potential and untapped markets. For example, in September 2020, A-Safe Inc., world's 1st advanced polymer safety barrier provider, announced to officially launch a new range of modular iFlex Topple Barrier. These advanced barriers are available in both heavy-duty and standard variants, mainly designed to create protection solutions in warehouses. Such product innovations are further anticipated to create favorable conditions in the global barrier systems market, in the future.

To know more about global barrier systems market opportunities, get in touch with our analysts here.

Barrier Systems Market

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By Type

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Based on type, the market has been divided into fence, bollard, Gates, crash barrier, drop arm, and others sub-segments of which the crash barrier sub-segment is expected to have the largest market share during the analysis period.

 

Source: Research Dive Analysis

The crash barrier sub-segment is expected to have the maximum share in the global market and register a revenue of $7,876.9 million by 2028.

The massive growth of the crash barrier systems is mainly owing to the increasing automotive and construction industries, across the globe. Crash barriers are developed to avoid the impact of vehicles with certain weights at an angle while traveling at a particular speed. Also, the global crash barrier systems market includes significant Tier I and II suppliers namely NV Bekaert S.A., Tata steel Europe, Lindsay Corporation, Nucor Corporation, others. These companies are following multiple effective strategies to strengthen their presence, throughout the world. For example, in August 2020, Lindsay Corporation, an industry player offering innovative road infrastructure products and water management, announced to officially launch ABSORB-M, a non-redirective and water-filled crash barrier system. This advanced barrier is significantly suited for narrow areas where workspace and road are limited. Such novel innovations are also creating positive impact on the subsegment’s growth.

Barrier Systems Market

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By Material

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Based on material type, the market has been categorized into Metal and non-Metal. Out of these, the Metal sub-segment is expected to garner the maximum revenue in the global market.

Source: Research Dive Analysis

The metal sub-segment of the global barrier systems market is anticipated to have a major share and surpass $13,631.9 million by 2028, with a rise from $10,280.5 million in 2020. These are ready-to-install safety barriers which can be significantly used for directing traffic. Also, metal barriers play key role in effective road safety system to protect vehicles and its occupants in the case of an accidents. Hence, the adoption of metal barriers system has extensively increased, creating a positive impact on subsegment’s growth.

Barrier Systems Market

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By Technology

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Based on technology, the market has been categorized into semi-Rigid, Rigid, and flexible. Out of these, the flexible segment is anticipated to lead the global barrier systems industry throughout the projected period.

Source: Research Dive Analysis

The flexible sub-segment of the global barrier systems market is expected to have the fastest growth and reach up to $4,620.7 million by 2028, with an increase from $3,251.1 million in 2020. The growth of flexible barriers systems is significantly because of its key advantages such as they are corrosion resistant, chemical and UV resistant, impact-absorbing, 100% recyclable, and easy to install. 

Barrier Systems Market

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By Applications

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Based on application, the segment has been categorized into airports, Roadways, railways, and others. Out of these, the Roadways sub-segment is anticipated to have a dominating share and generate a notable revenue throughout the forecast period.

Source: Research Dive Analysis

The roadways sub-segment of the global barrier systems market is expected to have the largest share and it is anticipated to cross $11,457.3 million by 2028, with an increase from $8,357.5 million in 2020. Rapid urbanization, in Tier II & III cities particularly in the emerging countries such as Singapore, India, and China, is one of the major factors propelling the subsegment’s growth. In addition to this, the roadways barrier systems perform multiple tasks including limiting the vehicle’s entrance speed, bringing vehicles to the complete halt, and many among others. Also, the deployment of roadways barrier systems allows building management to streamline vehicle traffic flow in order to ensure the excellent security of the facilities. Owing to such crucial factors, the demand for barriers systems in the roadways application may grow exponentially, during the analysis period.

Global Barrier Systems Market, Regional Insights:

Source: Research Dive Analysis

The Market for Barrier Systems in Asia-Pacific to be the Most Lucrative

Asia-Pacific barrier systems market accounted $3,574.1 million in 2020 and is expected to register a revenue of $5,036.4 million by 2028. 

Asia-Pacific region is predicted to experience massive demand for new construction projects particularly in China, India, and Australia. Moreover, the growing adoption of barriers particularly for events and sports may also create significant impact on the Asia-Pacific barrier systems industry. For example, portable barrier systems from Delta Scientific Corporation, a notable manufacturer of vehicle access control equipment, were preferred in order to protect people attending the Gold Coast 2018 Commonwealth Games, Australia, August 2018. Also, Delta Scientific Corporation, entered into the official collaboration with Knight Brothers, a market leader in high-security solutions, to ensure the specific security measures of vehicles with safety barriers. Such key factors may propel the growth of Asia-Pacific barrier systems, throughout the analysis period.

The North America Barrier Systems Market to be the Most Dominant

North America market for barrier systems held a prominent position in 2020 and it is expected to grow at a significant rate, during the analysis period. The extensive growth in infrastructural industries is the crucial elements that foster the demand for barrier systems, in the region. Also, shifting customer preference for durable and robust building materials, particularly in the US, Canada is projected to fuel regional market growth. 

Competitive Scenario in the Global Barrier Systems Market

Product launches and mergers & acquisitions are common strategies followed by major market players.

Source: Research Dive Analysis

Some of the leading barrier systems market players are Lindsay Corporation, DELTA BLOC International GmbH, Hill & Smith Holdings PLC, Valmont Industries, Inc., Guangxi Shiteng Transportation Engineering Co., Ltd., Nucor Corporation, Arbus Ltd, A-SAFE., Avon Barrier Corporation Ltd, and Barrier1 Systems, LLC. 

Porter’s Five Forces Analysis for the Global Barrier Systems Market:

• Bargaining Power of Suppliers: The suppliers operating in the global barrier systems are high in number and are much larger and more globalized. So, there will be less threat from the supplier.
  Thus, the bargaining power of the supplier is high.    
• Bargaining Power of Buyer: Buyers will have moderate bargaining power, significantly because of multiple players operating in the global barrier systems industry.
  Thus, the bargaining power of the buyer is moderate.
• Threat of New Entrants: The companies entering into the global barrier systems market are adopting technological innovations such as developing integrated services to attract customers. Also, these companies are implementing various effective strategies and there is government support in some countries.
  Thus, threat of the new entrants is high.
• Threat of Substitutes: There is no alternative product available. 
  Thus, the threat of substitutes is low.
• Competitive Rivalry in the Market: The competitive rivalry among the industry leaders is rather intense, especially between the global players including Lindsay Corporation, DELTA BLOC International GmbH, and Hill & Smith Holdings PLC These companies are launching their value-added services in the international market and strengthening the footprint worldwide.
  Therefore, the competitive rivalry in the market is high.