Expansion of infrastructure, increase in road safety awareness, and growth in the automotive industry drive the growth of the global Crash Barrier Systems market. PORTLAND, Ore., Jan. 12
/PRNewswire/ Allied Market Research published a report, titled, "Crash Barrier Systems Market by Type (Portable and Fixed), Technology (Rigid, Semi-rigid,.
/PRNewswire/ Allied Market Research published a report, titled, "Crash Barrier Systems Market by Type (Portable and Fixed), Technology (Rigid, Semi-rigid,.
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The global Crash barrier systems market is estimated to be USD 7.6 billion in 2021 and is projected to reach USD 9.0 billion by 2026, at a CAGR of 3.3% from 2021 to 2026.
The growth is due to the growing construction and automotive industries throughout the world. Crash barrier systems finds applications in various roadside barrier, median barrier, bridge barrier, work zone barrier and others. The roadside barrier segment led the Crash barrier systems market in 2020, accounting for a share of 54.3%, in terms of value.
Flexible Barrier is expected to be the fastest growing technology in the Crash barrier systems market during the forecast period.