About Crash Barrier Systems
Crash barrier system is one of the important elements of road safety management and is used to maintain safety on road for pedestrians as well as drivers. Increasing accidents and fatalities have driven the growth of the crash barrier systems market. Road safety regulations such as expanding crash barriers across the highways and roads have improved, especially in developing countries from APAC. Quick and safe transport results in the development of a nation's economy by improving trades and connectivity.
Technavio’s analysts forecast the global crash barrier systems market to grow at a CAGR of 3.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global crash barrier systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of crash barrier systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Crash Barrier Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global crash barrier systems market: Tata Steel, Nucor, and Lindsay Corporation
Other Prominent Vendors in the market are: Arbus, Avon Barrier Corporation, Bekaert, CT Safety Barriers, Energy Absorption Systems, Houston Systems, Ingal Civil Products, Jackson Fencing, OTW Safety, Pennar Industries, Peter Berghaus, Safe Direction, TrafFix Devices, Transpo Industries, and Trinity Highway Products
Commenting on the report, an analyst from Technavio’s team said: “Fast and efficient road transport plays an important role in development of a country's economy by allowing expansion of businesses by transporting goods and easy access to markets and suppliers. It is also vital to meet requirements of growing population, national security and for expanding the economy. Safer travelling allows faster, reliable travel time which results in efficient way of working. Many developing countries such as India, China are increasing their road transport efficiency by road widening, more connectivity to places, and increasing traffic regulations. Developed countries have already established transport infrastructure, however need for upgrading and improvements are always addressed. Transport infrastructure improvement has a direct positive influence on the crash barrier systems since safer roads ensures efficient and reliable travelling.”
According to the report, as roads remain the world's primary transportation mode, stringent road safety regulations are vital for the economic development of a country. Safety of pedestrians and vehicle owners as well as efficient transportation is a major factor that impacts the growth of a country or a region. Various road safety measures and solutions for improved traffic flow are studied and implemented by local authorities. Such solutions also include the use of crash barriers for pedestrian and vehicle safety. It also reduces errant vehicle crashes. Crash barriers are designed to prevent vehicles from entering the roadside hazards. They are intended to absorb some of the energy from the impact caused by vehicle striking and helps contain the vehicle. Road safety programs have a positive influence on various road safety products such as traffic lights, crash barriers, and signs and symbols.
Further, the report states that concrete crash barriers are rigid and fixed, which cannot be moved from one place to another. They are known for their low life-cycle costs and maintenance free characteristics. These barriers are suitable for the roads with high heavy truck traffic and areas where sufficient median widths to place other barriers systems are not available. However, concrete crash barriers are more vulnerable to vehicle damage than steel barriers and have high installation costs compared with other types of barriers. Moreover, crashes associated with these types of barriers results in severe injuries compared with other types of barriers because of low impact energy absorbance during a crash.
Tata Steel, Nucor, Lindsay Corporation, Arbus, Avon Barrier Corporation, Bekaert, CT Safety Barriers, Energy Absorption Systems, Houston Systems, Ingal Civil Products, Jackson Fencing, OTW Safety, Pennar Industries, Peter Berghaus, Safe Direction, TrafFix Devices, Transpo Industries, Trinity Highway Products.
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