by Brianna Crandall — March 16, 2016—According to a new report from MarketsandMarkets, growth in the barrier systems market in the next five years will be led by the growing infrastructure and automotive industry, with a rising number of roadways and railways, resulting in an increase in demand for safety barriers such as fences, gates, and crash barrier systems.
Facilities managers in charge of installing security equipment around their facilities or campuses may be interested to learn that plastic barrier systems are expected to be the most popular, for reasons listed below. The market for barrier systems is projected to grow from U.S. $15.78 billion in 2015 to 18.81 billion by 2020, at an estimated compound annual growth rate (CAGR) of 3.58%, led by the emerging Asia-Pacific and Latin American regions.
Plastic safety barriers to gain highest traction during forecast period
Plastic barrier systems are projected to be the fastest-growing barrier system material (beating out metal, concrete and wood) in the next five years, with rising demand from roadways and railways as well as commercial and residential spaces. High durability, low cost, and light weight are some of the factors that 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, points out the report.
Roadways sector contributes highest market share
The roadways sector 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 incidence of roadside crashes with natural or manmade barriers such as trees, poles, and signals. Many countries have increased their spending on infrastructure, providing the necessary momentum to the barrier systems market.
Asia-Pacific to play key role in market
The Asia-Pacific region is seen as 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 construction and infrastructure projects in the near future.
Scope of report
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. High installation and maintenance costs may prove to be the main restraints to growth.
Coverage includes access control devices (ACD) such as perimeter security systems and alarms, biometric systems, turnstile systems, token and reader technology, and others, such as anti-pass-back and anti-tailgate systems. Types of barrier systems covered include fences, crash barrier systems, crash barrier devices, bollards, drop arms and others, such as wedge barriers, gates, net barriers, and guardrails and beams.
A detailed analysis of the key industry players was conducted to provide insights into their business developments. According to the report, the key players are Tata Steel Limited (India), Bekaert SA (Belgium), Trinity Industries, Inc. (USA), Lindsay Corporation (USA), Valmont Industries Inc. (USA), Hill & Smith Holdings PLC (U.K.), FutureNet Group (USA), Delta Scientific Corporation (USA), A-Safe (U.K.), and Avon Barrier (U.K.).
The 344-page 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, is available for purchase from MarketsandMarkets. Early buyers will receive 10% customization on reports.
