The global automotive crash barriers market size was USD 7.02 Bn in 2022 and is likely to reach USD 11.1 Bn by 2031, expanding at a CAGR of 3.90% during 2023–2031. Rising incidence of vehicle accidents and high road safety regulations is projected to fuel the market.
Automotive crash barriers are also known as guardrails. It is an effective transportation system used to keep vehicles aligned on track. It is installed for the safety of pedestrians and prevents collisions. Barrier systems absorb the kinetic energy of moving vehicles, distribute the energy through their length, stop the moving vehicle, and prevent further collisions and damage.
Barriers are used to help passengers to have control over the vehicle by directing and to move forward. They are installed to prevent the vehicle from entering any water bodies or falling from slopes.
Crash barriers, including median barriers, are installed between the highways to prevent vehicles from losing their track and guide them with forward directions. They are designed to prevent potential damage from either side of the vehicle. Automotive crash barriers are installed in various areas, including school yards, highways, parking, and pedestrian zones.
Automotive crash barriers play an important role in road safety and are mandated by law in several regions. They are placed on the edges of the roads, in the middle of roads to differentiate traffic lanes, on pedestrian lanes, and in parking places to provide directions.
The research report finds that the COVID-19 pandemic affected the growth of the automotive crash barrier market due to the implementation of preventive measures such as lockdowns to curb the pandemic outbreak. These preventative measures resulted in the disruption of the supply chain and production cycle. This forced key players and manufacturers to delay their production or reschedule their existing projects.
Automotive Crash Barriers Market Dynamics
Major Drivers
Rising government involvement in implementing strict regulations on road transportation is expected to drive the market. Significant product benefits including reduced collision impact, passenger protection, pedestrian safety, and infrastructure maintenance, are the factors boosting the market. Rising demand for enhanced road infrastructure with standardization further fuels the market in the projection period.
Existing Restraints
High cost of installations, repair, and maintenance is expected to affect the market growth. Manufacturing of the vehicle crash barrier systems requires huge quantities of raw materials such as concrete, polymer, and metal. Thus, fluctuations in the prices and availability of raw materials are expected to restrain the market. Furthermore, vehicles have to slow down the speed around vehicle impact bollards and barriers, which disturbs traffic flow and lead to traffic congestion. This is expected to further affect the market expansion.
Emerging Opportunities
Rising demand for flexible vehicle impact bollards and barriers is projected to create opportunities in the market. Major players are investing in research & development to produce affordable products with advanced technology without compromising safety standards, which is further projected to create opportunities in the market. The increasing number of collision accidents leads to the development of impact-absorbing and reliable barriers. Thus, creating lucrative opportunities in the automotive crash barriers market in the forecast period.
Scope of Automotive Crash Barriers Market Report
The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Crash Barriers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Type (Flexible or Portable Barriers, Rigid or Fixed Barriers, and Others), Material Type (Metal, Concrete, Pre-Cast, and Others), and Device (Guardrails Energy Absorbent Terminals, Water & Sand Filled Barriers, Crash Cushions, Gating & Non-Gating End Treatment, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Lindsay Corporation; HighwayGuard; Pennar Industries Limited; Valtir, LLC.; Arbus; Highway Care Ltd.; Jacksons Fencing; Valmont Industries, Inc.; Transpo Inudstries Inc.; and OTW Safety
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Automotive Crash Barriers Market Segment Insights
Based on product type, the automotive crash barriers market is divided into flexible or portable barriers, rigid or fixed barriers, and others. The rigid or fixed barriers segment is expected to expand at a significant growth rate during the projection period, as they act as a safety and protection for vehicles.
Rigid or fixed barriers prevent vehicles from crashing and falling on the other side of valleys or roads. They are fixed on the roadsides of mountainous roads, highways, hill roads, and roads surrounded by water bodies. These factors are projected to drive the segment.
The flexible or portable barriers segment is projected to grow at a significant rate during the forecast period. They are installed in the middle of roads to prevent collisions or on the sides of the roads. Side placement assists direction and prevents vehicles from running off the edges of the roads. When a vehicle hits a flexible barrier, the steel cables slow down the vehicle, thus preventing further damage. This factor fuels the segment.
On the basis of material type, the global market is segregated into metal, concrete, pre-cast, and others. The metal segment is projected to register a considerable CAGR in the coming years, due to the increasing demand for high safety standards. Metal barrier types witness a high preference as they are rigid & strong and potentially reduce the incidence of vehicle accidents.
The concrete crash barriers segment is expected to grow rapidly during the projection period, as it is known as passive safety equipment on roads. They are an alternative to metal crash barriers used on dual carriageways, fueling the segment growth.
On the basis of device, the automotive crash barriers market is segmented into guardrails energy absorbent terminals (GEAT), water & sand filled barriers, crash cushions, gating & non-gating end treatment, and others. The GEAT segment is expected to register a robust growth rate during the forecast period. It absorbs collision impact by dissipating the strength of the impact and keeps vehicles at a distance from surrounding traffic or pedestrians, which fuels the segment.
The crash cushion segment is anticipated to witness rapid growth in the coming years as they absorb the angular momentum of the approaching cars. A crash cushion is also known as an effect attenuator. They are used to divert vehicles’ attention from roadside apparatus or any potential hazards.
In terms of region, the global automotive crash barriers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to strict government regulations regarding road safety in the region. Countries, including the USA are expected to have high product demand in the forecast period.
Increasing product sales in North America are attributed to enhanced road infrastructure and regular maintenance of the facilities for road safety regulations in the region. Repairs, installations, and increasing investment activities in the vehicle crash barrier systems are anticipated to boost regional growth in the projection period.
Asia Pacific is expected to contribute to a significant revenue share in the market in the coming years, due to the rising population and growing safety concerns in the region. Moreover, development and industrialization with the rapid expansion of construction activities are major factors for regional market growth. Increasing investments for enhanced safety features in barrier systems are driving the market in the region.
Segments
The automotive crash barriers market has been segmented on the basis of
Product Type
- Flexible or Portable Barriers
- Rigid or Fixed Barriers
- Others
Material Type
- Metal
- Concrete
- Pre-Cast
- Others
Device
- Guardrails Energy Absorbent Terminals (GEAT)
- Water & Sand Filled Barriers
- Crash Cushions
- Gating & Non-Gating End Treatment
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players operating in the global automotive crash barriers market include Lindsay Corporation; HighwayGuard; Pennar Industries Limited; Valtir, LLC.; Arbus; Highway Care Ltd.; Jacksons Fencing; Valmont Industries, Inc.; Transpo Inudstries Inc.; and OTW Safety
These companies adopt strategies such as R&D investments, acquisitions, collaboration, partnerships, mergers, and product launches to boost their market share. For instance,
- On 15 February 2023, Lindsay Corporation introduced TAU-XR to the company’s MASH crash cushion portfolio. The product is easy to install and is cost-effective in terms of repairs.
- On 28 March 2022, HighwayGuard introduced the low deflecting, mobile barrier system. The system provides less than 1-inch deflection and is tested with MASH TL-3 systems.
- On 10 June 2021, Valtir, LLC. announced a partnership with Highway Care Ltd. to manufacture, sell, and rent MASH system tested barrier by HighwayGuard in North American countries.
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