The Worldwide Barrier Systems Industry is Projected to Reach $24.5 Billion by 2030: Rising Investment in Airport Infrastructure Provides Business Case for Barrier Systems
The global market for Barrier Systems estimated at US$18.9 Billion in the year 2022, is projected to reach a revised size of US$24.5 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030.
Active, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$14.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Passive segment is readjusted to a revised 2.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 5.6% CAGR
The Barrier Systems market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
Select Competitors (Total 47 Featured) -
A-SAFE Ltd.
Avon Barrier Corporation Ltd.
Delta Scientific Corporation
FutureNet Group, Inc.
Hill & Smith Holdings PLC
Lindsay Corporation
N.V. Bekaert S.A.
Tata Steel Ltd.
Trinity Industries, Inc.
Valmont Industries, Inc.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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