Barrier Systems Market Outlook 2031:
The global barrier systems market size was valued at USD 20.36 Billion in 2022 and is projected to reach USD 28.48 Billion by 2031, expanding at a CAGR of 3.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the demand for different safety solutions such as crash barrier systems, gates, and fences among industries including the construction and automobile sectors. These technologies efficiently control automobiles while reducing the risk of infiltration.
Barrier systems are commonly used to avoid car accidents and crashes while ensuring pedestrian safety at the same time. They keep vehicle traffic distinct from infrastructure, ensuring optimal traffic flow, and incident avoidance. It aids in the reduction of cross-over collisions and deaths. In addition, these systems are used to precisely guide humans and vehicles along their designated pathways at trains, airports, and streets.
The systems are also used by many contractors and road authorities to make crowded routes safer, more efficient, and functional. Several barrier systems include automated control panels, which efficiently alleviate traffic congestion by maximizing the usage of existing or new highways. Furthermore, this technology is utilized in construction and controlled lanes to produce safe roads with real-time roadway layout and barrier protection between lanes.
The COVID-19 pandemic has impacted the construction and automotive industries drastically. Due to the shutdown of the production units, the manufacture of commercial and passenger cars as well as other auto parts have delayed their production of vehicles. Moreover, the construction operations have been put on halt, causing construction projects to be postponed, which has led to lower demand for these gates.
Barrier Systems Market Trends, Drivers, Restraints, and Opportunities
- Expansion of commercial real estate and the change of transportation infrastructure around the world present key drivers of the market.
- Market expansion is likely to be fueled by the growing demand for better traffic control and management of road traffic systems globally.
- High repair costs and growing dependability on security solutions are major challenges, expected to hamper market expansion during the forecast period.
- Curb barriers, which are meant to offer ground-level protection, in commercial infrastructure are the main focus of system vendors. Therefore, this factor is a key driver creating lucrative opportunities for market growth.
Scope of Barrier Systems Market Report
The report on the global barrier systems market 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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Barrier Systems 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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Access Control Devices (Perimeter Security Systems & Alarms, Biometric Systems, Token & Reader Technology, Turnstile, and Others), Functions (Passive Barriers and Active Barriers), Types (Crash Barrier Systems, Drop Arms, Bollards, Fences, and Others), and End-users (Government, Industrial, Petrochemical, Military & Defense, Transportation, Commercial, Data Centers, Financial Institutions, 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, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Senstar Corporation; Lindsay Corporation; Hill & Smith Holdings PLC; Delta Scientific Corporation; Betafence; Valmont Industries, Inc.; and Tata Steel Limited
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Barrier Systems Market Segment Insights
Token & reader technology segment to grow at a rapid pace
Based on access control device, the barrier systems market is divided into perimeter security systems & alarms, biometric systems, token & reader technology, turnstile, and others. The token & reader technology segment is expected to grow at a rapid pace during the forecast period owing to wide adoption of access control panels by civic disaster administrators, law enforcement organizations, and emergency response professionals.
However, the biometric system segment is anticipated to hold a key share of the market in the coming years. These access control systems may be found in a variety of places including government offices, administrative offices, and financial organizations. Biometric turnstiles and barriers are installed at building entrances to capture visitor data automatically.
Passive barriers segment is projected to expand at a considerable CAGR
On the basis of functions, the market is bifurcated into passive barriers and active barriers. The passive barriers segment is projected to expand at a considerable CAGR during the forecast period owing to the rising usage of these barriers in the construction of commercial and residential structures. On the other hand, the active barriers segment is anticipated to account for a major market share during the forecast period. Active barriers are moveable barriers that are widely used to temporarily obstruct an area at construction sites or events.
Crash barrier system segment to exhibit robust growth
Based on types, the barrier systems market is divided into crash barrier systems, drop arms, bollards, fences, and others. The crash barrier system segment is expected to grow at a rapid pace during the forecast period owing to the wide use of this system along roads to minimize the impact of cars traveling at high speeds and avoid fatalities and injuries.
However, the bollards segment is anticipated to hold a key share of the market in the coming years due to the rising demand for autonomous parking management.
Military & defense segment to register a high growth rate at a rapid pace
In terms of end-users, the market is segregated into government, industrial, petrochemical, military & defence, transportation, commercial, data centres, financial institutions, and others. The military & defense segment is expected to dominate the market in the coming years due to the rising use of these systems in military, security, and environmental applications for infrastructure and human protection.
The transportation segment, however, is estimated to account for a key share of the market as crash barrier devices have been rapidly adopted and the number of roadside collisions increased significantly. Automatic barrier systems enable traffic management from a distance, reducing road congestion.
North America is anticipated to constitute a key market share
In terms of regions, the barrier system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to wide deployment of the system for addressing various military-related issues.
Terrorist activities are a big issue in the region and a chunk of government investment has been channelized towards the improvement of military & defense system. Using barrier systems, ac country can boost its security system and protect residents from cross-border conflict threats.
However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the increasing number of construction programs and projected, impacted by industrialization and urbanization.
Segments
The global barrier system market has been segmented on the basis of
Access Control Devices
- Perimeter Security Systems & Alarms
- Biometric Systems
- Token & Reader Technology
- Turnstile
- Others
Functions
- Passive Barriers
- Active Barriers
Types
- Crash Barrier Systems
- Drop Arms
- Bollards
- Fences
- Others
End-users
- Government
- Industrial
- Petrochemical
- Military & Defense
- Transportation
- Commercial
- Data Centers
- Financial Institutions
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global barrier system market are Senstar Corporation; Lindsay Corporation; Hill & Smith Holdings PLC; Delta Scientific Corporation; Betafence; Valmont Industries, Inc.; and Tata Steel Limited.
These companies are constantly working towards gaining competitive edge in the market with adopting policies such as new product development, mergers, and acquisitions. Companies are also attempting to provide efficient service to the market by spending on R&D and developing new items.
In addition, businesses are concentrating on continual developments to personalize and distinguish their product and service offers for potential customers.
For example, in April 2018, Barrier1 Systems, Inc. offered the State of Missouri maintenance and repair services for Barrier1 drop arm and Net barrier systems. When the product and service requirements were proprietary, this allowed the State of Missouri to employ Barrier1 Systems, Inc. as a sole viable vendor.
Similarly, Betafence acquired the Betafence Yapi Sanayi ve Ticaret A.S. in Turkey in June 2018 to help the former company to increase its presence in Turkey.
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