Global Barrier System Market Overview:
The barrier system is used for providing safety and support in crowded and risky accidental prone places like in construction place, highways, pedestrian walking path. Crash barrier systems are installed along highways in order to minimize the impact of vehicles at high speeds and prevent injuries and fatalities. With the emergence of new technologies, manufacturers have started to adopt advanced techniques to make crash barriers safer.
- The growing need for Safety in Building & Construction Industries
- Increasing Awareness about Road Safety
- Rising Adoption of Advanced Technology in Barrier Systems
- High Repair Cost of Barrier Systems
- Lack of System Efficiency and Reliability
- Increasing Investment in Safety Infrastructure
- Rising Automotive Industries in Developing Economies
- Risk of Corrosion due to changing Weather Conditions
Some of the key players profiled in the report are Arbus (England), Hill & Smith Holdings plc (United Kingdom), Avon Barrier (United Kingdom), Trinity Highway (United States), Lindsay Corporation (United States), CT Safety Barriers (England), Ingal Civil Products (Australia), Jackson Fencing (England), Transpo Industries (United States) and Bekaert (Belgium). Additionally, following companies can also be profiled that are part of our coverage like TrafFix Devices (United States) and OTW Safety (United States). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Barrier System market by 2024. Considering Market by Technology, the sub-segment i.e. Rigid will boost the Barrier System market. Considering Market by Material, the sub-segment i.e. Plastic will boost the Barrier System market. Considering Market by Operation, the sub-segment i.e. Movable Barriers will boost the Barrier System market. Considering Market by End User, the sub-segment i.e. Automotive will boost the Barrier System market.
On 29th August 2019, Lindsay Corporation launched its ABSORB-M Crash System, a new, non-redirected, water-filled crash cushion system. It is suited for fast deployment, suited for any road surface and doesn't require any foundation. Tested by the American Association of State Highway and Transportation Officials (AASHTO) Manual for Assessing Safety Hardware (MASH) Test Level TL-2 and TL-3 standards, the ABSORB-M is work zone ready and are suited for narrow spaces where roads and workspaces are limited.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Barrier System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Barrier System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Barrier System Manufactures, Barrier System Distributrs and Suppliers, Barrier System International Traders, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.