The global Automotive Crash Barriers market will grow at a 4.1% CAGR during the forecast period 2023 to 2033 to reach a valuation of about US$ 11.8 Billion by 2033, projects Future Market Insights.
| Attributes | Details |
|---|---|
| Market Size 2022A | US$ 7.01 Billion |
| Market Size 2023E | US$ 7.9 Billion |
| Market Size 2033F | US$ 11.8 Billion |
| Value CAGR (2023 to 2033) | 4.1% |
The installation of automotive crash barriers is an important part of traffic management and the prevention of collisions. Crash barriers are designed to withstand the impact of vehicles and protect drivers, passengers, pedestrians, and property from harm. As more motorists take to the roads each year, finding ways to improve safety measures becomes increasingly important.
Automotive crash barrier installation can help reduce motor vehicle collisions by providing a physical barrier between two sections of roadway or other areas where cars may come into contact with one another. The barriers absorb kinetic energy from an impact, distributing it across its length instead of transferring it directly to a vehicle or objects on the road. This helps reduce the risk of serious injury or death for those involved in a collision. Additionally, these barriers can also be used to separate traffic lanes for greater control over driver’s speed and direction.
According to the FMI analysis, the Automotive Crash Barriers market reached over US$ 7.01 Billion in 2022 and is anticipated to register a CAGR of 4.1% during 2023 to 2033.
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From 2018 to 2022, the market for Automotive Crash Barriers expanded at a 3.0% CAGR and is anticipated to increase by 4.1% between 2023 to 2033. The COVID 19 outbreak has affected the growth of the crash barrier systems industry owing to the lockdown measure in the countries and delay in production and manufacturing of crash barrier systems, which are utilized on roads and highways.
The usage of safety barrier systems may be required as part of investments in the construction of highways, railroads, and airports. In order to reduce the frequency of traffic accidents, crash barrier systems are necessary for the construction of roads, highways, and bridges. Automotive crash barriers are designed to absorb the force from impact resulting from a collision with an object or vehicle. These barriers can be made from metal, wood, concrete or plastic materials for increased protection and flexibility.
In addition to providing protection against normal collisions, automotive crash barriers also help provide effective parking solutions for busy commercial areas. By installing these structures around designated parking areas vehicles are kept safe while drivers focus on their journey rather than worrying about potential damage caused by careless driving. The need of Automotive Crash Barriers in the global market is anticipated to grow by 1.4x from 2023 to 2033
As the transportation industry continues to grow, so does the need for crash barriers. With an increasing number of bus rapid transit projects and high-speed lanes, the demand for automotive crash barrier sales is expected to increase significantly in the coming years.
As more bus rapid transit projects get underway and high-speed lanes become more common, there is a greater need for robust barriers that can provide both physical protection and visual warnings to drivers. Automotive crash barrier sales are expected to rise as governments and businesses prioritize safety over cost savings when investing in highway infrastructure.
The high growth being experienced in the global automotive fleet will also be one of the key driving factors for the automotive crash barriers market. With the increasing size of the automotive fleet, overcrowded roads have become a global reality. To reduce the risk of accidents and casualties, governments and businesses are investing in crash barriers to protect drivers from potential hazards.
Safety laws and regulations are being given more importance because traffic accidents are increasing worldwide, particularly in developing and underdeveloped countries. Players in the market for automotive crash barriers will benefit prominently from this as a significant growth element. Due to the substantial competition in the automobile crash barrier market, it is essential for businesses to invest in Research and development to create new, affordable products with cutting-edge specs and technology. These are few of the prominent factors creating a huge demand for the Automotive Crash Barriers market during the forecast period 2023 to 2033. The market is estimated to reach a valuation of about US$ 11.8 Billion by 2033 and grow at a robust CAGR of about 4.1% during the forecast period 2023 to 2033.
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The automotive industry is facing a new threat that could lead to a significant decline in sales of crash barriers: the introduction of counterfeit or low quality versions. In recent years, manufacturers have seen an influx of these products flooding the market and they are proving to be dangerous and unreliable.
The use of counterfeit or low-quality barriers can cause serious safety issues for drivers, as these products do not meet the standards set by regulatory authorities and therefore do not provide adequate protection in the event of an accident. In addition, these products often cost significantly less than official crash barriers, which can lead to reduced profits for legitimate manufacturers.
The sale of automotive crash barriers is set to be affected by the low penetration of independent road lanes. With most roads in the world heavily congested, there is an increased risk for car accidents and injuries. Independent road lanes are an important factor when it comes to reducing motor vehicle related deaths and injuries. These dedicated lanes allow vehicles such as buses and emergency services cars to move faster than other vehicles on the same roads, thus decreasing potential collisions with other cars. The low presence of these separate lanes has caused many countries to delay or altogether forego their plans of installing crash barriers along highways and expressways.
North America remains prominent region in the automotive crash barriers market globally. The government implementing strict rules and regulations for the safety of passengers. North America is one of the market's prominent region; the USA is anticipated to generate enormous demand for Automotive Crash Barriers between 2023 and 2033. Over the course of the forecast period, North America is anticipated to experience a solid CAGR of roughly 4.7%.
Automotive crash barriers are expected to see increased sales in North America over the coming years. This is due largely to the well-established and vast road infrastructure already present in North American countries, which requires regular maintenance in order to remain safe for users. Automotive crash barriers are being increasingly utilized as a method of protection for both drivers and passengers alike, and so investment into their installation will be key for many established roads that require renovation or repair.
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The fixed type barriers segment accounted for the dominant share in the global market in 2022 and is also projected to be the rapid growing segment during forecast period. Fixed crash barriers act as safety barriers to protect the vehicles from crashing and collapsing over the side of the road or in a valley. Fixed crash barriers are primarily installed on roadside highways, mountainous roads; hilly roads, and roadways beside water bodies. The rise in globalisation in the last year has advanced the land transportation system, thereby driving the market. The fixed type Barriers material segment in the market is projected to grow at a CAGR of 4.9% from 2023 to 2033; it is expected to account for around 62% of the total market value share.
The few companies profiled have adopted acquisition, product innovation, and collaboration strategies to attain a competitive edge. Few key players operating in the Automotive Crash Barriers market include Hill and Smith, Trinity Highway products, Inc., Transpo Industries Inc., Lindsay Corporation, and Tata Steel.
To build a strong position in the Automotive Crash Barriers market, key market participants are expanding their market presence through crucial strategies such as system differentiation, new product development, and strategic alliances and partnerships with key stakeholders in the market. Few developments in the market as follow:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.1% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Barriers Types, Barrier Function, Barrier Technology, Device Type |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltic Countries; Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Poland, Hungary, Romania, Czech Republic, Russia, Belarus, China, Japan, South Korea, India,ASEAN, Australia and New Zealand, Saudi Arabia, United Arab Emirates, Türkiye,South Africa, Northern Africa, Israel |
| Key Companies Profiled | Hill and Smith; Tata Steel Europe Limited; Bekaert; Trinity Highway Products, LLC; Nucor Steel Marion, Inc.; Lindsay Corporation; Valmont Industries, Inc.; Arbus Ltd; Transpo Industries Inc.; Avon Barrier Corporation Ltd; Houston Systems Private Limited; Energy Absorption Systems, Inc.; Jacksons Fencing; OTW Safety; Pennar Industries Limited |
| Customization & Pricing | Available upon Request |
In 2022, the value of the Automotive Crash Barriers market reached over US$ 7.01 Billion.
During the forecast period, the Automotive Crash Barriers market is estimated to expand at a CAGR of 4.1% during 2023 to 2033.
The Automotive Crash Barriers market are projected to reach US$ 11.8 Billion by the end of 2033.
United States is projected to lead Automotive Crash Barriers market in North America.
Key players operating in the Automotive Crash Barriers market include Hill and Smith, Tata Steel Europe, OTW Safety, Jackons Fencing, and Energy Absorption System, Inc.
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