Barrier Systems Market is estimated to be valued at USD 21,643.3 million in 2021 and is poised to grow at a significant CAGR of 4.1% over 2022-2028. Barrier systems ensure safety solutions on motorways, airports, residential lanes, commercial buildings, trains, and other public spaces. They are deployed to control automobiles properly and to reduce the possibility of vehicle invasions. Commercial infrastructures such as corporate and institutional buildings, complexes, and residential regions also utilize these systems. Based on the material type, the global barrier system market is segmented into plastic, metal, concrete, and wood. The plastic segment is anticipated to grow in the forecasting period owing to these barriers are composed of plastic and can consist of a variety of barriers such as orange cones, low-profile barriers, speed breakers, and so on. They are simple to install and remove according to traffic requirements. A safety plastic barrier is a component that inhibits entry into a hazardous location and is often used to reduce risk. Plastic barriers can be either hard barriers that physically hinder passage or soft barriers that control circuits based on traffic presence. Considering these benefits, the plastic barrier segment is anticipated to grow. The rising per capita income of the middle-class population has increased the number of car sales and, consequently, the need for new road infrastructure. These reasons may increase demand for road safety equipment, propelling the global barriers systems market.
Recent Market Developments:
In June 2021. Trinity Highway Products, LLC has agreed to develop, market, and rent the MASH-tested HighwayGuard Barrier in North America with Highway Care Ltd. With this collaboration, Trinity Highway expanded its commitment to bringing HighwayGuard’s unique highway solutions to Mexico, the United States, and Canada.