DUBLIN, March 18, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7gs76n/barrier_systems) has announced the addition of the "Barrier Systems Market by Type, ACD, Material and by Application - Forecast to 2020" report to their offering.
It is projected in this report that the market for barrier systems is expected to grow from USD 15.78 billion in 2015 to USD 18.81 billion by 2020, at a CAGR of 3.58%.
The market for barrier systems is growing due to innovative developments in the industrial sectors and the growth of the automotive and construction industries. Rising per capita income of the middle-class has increased their purchasing power, which has resulted in an increase in the number of vehicles and hence, new roads.
The barrier systems market is segmented on the basis of material, type, function, application, access control device, and region. On the basis of material, metal safety barriers accounted for the largest market share. Metal safety barriers can be easily repaired, in case of damage due to collision, thus increasing their life.
The most commonly used metals for safety barriers include steel, iron, and aluminum. On the basis of key regions, the market for barrier systems is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is projected to grow at the highest rate from 2015 to 2020, since the countries in this region are expected to achieve high growth in the roadways infrastructure sector, thus resulting in a huge demand for barrier systems.
There are certain factors prevailing in the market that hinder the growth of this industry. High installation and maintenance costs may prove to be a major obstacle to the growth of this market.
- Avon Barrier
- Bekaert SA
- Delta Scientific Corporation
- Futurenet Group
- Hill & Smith Holdings PLC
- Lindsay Corporation
- Tata Steel Limited
- Trinity Industries, Inc.
- Valmont Industries, Inc.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Barrier Systems Market, By Type
8 Barrier Systems Market, By Material
9 Barrier Systems Market, By Function
10 Barrier Systems Market, By Application
11 Barrier Systems Market, By Access Control Device
12 Barrier Systems Market, By Region
13 Competitive Landscape
14 Company Profiles
For more information visit http://www.researchandmarkets.com/research/7gs76n/barrier_systems
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SOURCE Research and Markets