The global crash barrier systems market size is estimated to grow from USD 7.6 billion in 2021 to USD 9.0 billion by 2026, at a CAGR of 3.3% during the forecast period. The market is projected to witness decent growth in the near future, owing to growing construction and automotive industries throughout the world. Increasing demand from APAC will further drive the growth of the global crash barrier systems market.
Europe accounted for the largest share of the Crash barrier systems market in 2020. The market in the region is growing because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise.
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Tata steel Europe (UK), NV Bekaert S.A. (Belgium), Valmont Industries, Inc. (UK), Trinity Industries Inc (US), and Nucor Corporation (US). among others are the leading crash barrier systems manufacturers, globally. These companies adopted new product launch, expansion, partnership & collaboration, and merger & acquisition as their key growth strategies between 2017 and 2020 to earn a competitive advantage in the crash barrier systems market.
Tata Steel Europe is the largest player in the market. The company has adopted crash barrier manufacturing techniques by integrating all operations. Through extensive R&D activities, it has come up with innovative products such as Vetex road safety barriers and off-road safety barriers. It is also focusing on making investments in its high value-added businesses and also entering into various contracts with major players in the crash barrier systems market.
Valmont Industries, Inc. is the second-largest player of the crash barrier systems market, globally. In December 2019, the company introduced HighwayGuard LDS, which is a MASH 16 TL-3 compliant steel safety barrier. It has a T-connector, which provides quicker installation, removal, and separation of barrier sections. It also offers the ability to remove sections within a run to create access gaps, replace damaged sections or alter barrier runs.
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