Technavio has been monitoring the crash barrier systems market, operating under the consumer discretionary industry. The latest report on crash barrier systems market, 2020-2024 estimates it to register an incremental growth of USD 1.29 billion, at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Crash Barrier Systems Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Arbus Ltd., Avon Barrier Corp. Ltd., Hill & Smith Holdings Plc, Lindsay Corp., Nucor Corp., NV Bekaert SA, Tata Steel Ltd., Transpo Industries Inc., Trinity Industries Inc., and Valmont Industries Inc. are among some of the major market participants.
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Implementation of road safety programs has been instrumental in driving the growth of the market. However, the performance limitations of concrete crash barrier might hamper the market growth.
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Crash Barrier Systems Market 2020-2024: Segmentation
Crash Barrier Systems Market is segmented as below:
-
Product
- Semi-rigid Barriers
- Rigid Barriers
- Flexible Barriers
-
Geographic Landscape
- North America
- Europe
- APAC
- MEA
- South America
Based on geographic segmentation, over 40% of the market’s originated from APAC during the forecast period. In addition, semi-rigid barriers led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Crash Barrier Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The crash barrier systems market report covers the following areas:
- Crash Barrier Systems Market Size
- Crash Barrier Systems Market Trends
- Crash Barrier Systems Market Industry Analysis
This study identifies the increasing number of road accidents as one of the prime reasons driving the Crash Barrier Systems Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Crash Barrier Systems Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist crash barrier systems market growth during the next five years
- Estimation of the crash barrier systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the crash barrier systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of crash barrier systems market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Semi-rigid barriers - Market size and forecast 2019-2024
- Rigid barriers - Market size and forecast 2019-2024
- Flexible barriers - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Roadside barriers - Market size and forecast 2019-2024
- Median barriers - Market size and forecast 2019-2024
- Bridge barriers - Market size and forecast 2019-2024
- Work zone barriers - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Arbus Ltd.
- Avon Barrier Corp. Ltd.
- Hill & Smith Holdings Plc
- Lindsay Corp.
- Nucor Corp.
- NV Bekaert SA
- Tata Steel Ltd.
- Transpo Industries Inc.
- Trinity Industries Inc.
- Valmont Industries Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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