Overview
The Global Crash Barrier Systems growing with a CAGR of 3.8% during the forecast period 2024-2031.
Robust safety barriers are installed around racetracks and between lanes on two-way streets to prevent severe accidents. Governments and regulatory authorities are increasingly prioritizing road safety due to the rising number of traffic accidents and fatalities globally.
For example, in 2019, the Russian government allocated US$96 billion to a six-year infrastructure modernization plan, covering airports, highways, railways, and other critical infrastructure. These financial investments are expected to positively influence market growth during the forecast period.
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Market Growth Trends
Increasing Demand for Road Safety
Governments globally are making significant investments in infrastructure development, especially in developing countries, to improve road safety and reduce traffic accidents. Additionally, the rising number of vehicles on the road, coupled with growing urbanization, has heightened the demand for crash barrier systems to safeguard both drivers and pedestrians.
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Market is segmented
By Type: Portable Barrier System, Fixed Barrier System, Others
By Technology: Rigid Barriers, Semi-Rigid Barriers, Flexible Barriers
By Device: Crash Cushions, Gating, and Non-gating Products, Guardrails Energy Absorbent Terminals, Water and Sand Filled Plastic Barriers, and Others (Hex-Foam, Sandwich Systems, Brake Master, Low Maintenance Attenuators)
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
- Technocrats Security Systems Pvt. Ltd
- Transpo Industries, Inc
- Certified Traffic Controllers, Inc.
- Avon Barrier Corporation Ltd.
- Rs Security Co Ltd
- Trinity Highway Products, Llc.
- Lindsay Corporation
- Hill & Smith Ltd
- Salmen Tech Company, Inc
- Stalfa Sp. Z O.O.
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