Market Overview:
The global wire rope safety barrier market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wire rope safety barriers from various applications such as roadways, airports, railways, and others. Additionally, the increasing awareness about road safety is also propelling the growth of this market. However, high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
Wire rope safety barrier is a type of guardrail used to protect people from falling off a bridge, platform or other elevated structure. It is made up of individual wires that are twisted together to create a cable. The cable is then wrapped in a protective casing and attached to the edge of the structure. Wire rope safety barriers are important because they prevent people from falling off bridges and other elevated structures, which could result in serious injuries or death.
TL3:
The TL3 is a three-layer safety barrier made up of polypropylene, polyethylene and epoxy. It was designed to provide protection against lateral movement or toppling in wire rope barriers. The product has found its application in the construction industry for preventing accidents at workplaces as well as during maintenance & repair work on high tension wires and ropes.
TL4:
The TL4 is a safety barrier made up of high strength wire rope. It is used in the construction industry for protection against hazards such as electrocution, falling, and contact with other objects. The product can withstand a weight of up to 1,800 pounds and has an easy installation process.
Application Insights:
The roadways application segment accounted for the largest revenue share of over 50% in 2017. The growing construction industry across the globe is expected to boost demand for steel wire ropes in the roadways and highways applications. Furthermore, increasing urbanization along with rising number of vehicles, especially in developing countries will further increase product demand on roadsides.
Airports are one of the key infrastructure facilities where safety is a major concern and thus stringent norms are imposed by regulatory bodies regarding installation of various equipment including barriers along with wires ropes etc. at airports to prevent accidents during take-off and landing operations as well as during maintenance activities at airports. Increasing passenger traffic coupled with rapid growth in airport construction across the world is anticipated to fuel market growth over next few years thereby driving revenue generation for Wire Rope Safety Barrier market players globally.
Regional Analysis:
North America dominated the global wire rope safety barrier market in 2016 with a revenue share of over 35%. This growth can be attributed to stringent government regulations for infrastructure development along with increasing road and rail network across the region. The U.S., in particular, is witnessing rapid urbanization resulting from increased disposable income and growing population, which is expected to drive demand for transportation facilities such as airports, roads, railways among others. These factors are anticipated to propel industry expansion over the forecast period.
Asia Pacific is expected to witness significant growth during the forecast period owing to rising investments by governments in developing countries such as India and China among others coupled with expanding roadways network and rising passenger traffic on a large scale (over 10% per annum). In addition, improving air connectivity through new routes will also boost industry expansion over the coming years.
Growth Factors:
- Increasing demand for wire rope safety barriers from the construction industry as a result of growing awareness about the benefits of using these barriers over traditional guard rails and other types of safety barriers.
- Rising demand for wire rope safety barriers from the transportation sector due to increasing number of highway and road projects across the globe.
- Growing popularity of wire rope safety barriers among mining companies owing to their ability to protect workers and equipment from potential accidents in hazardous working environments.
- Increasing use of wire rope safety barriers in oil & gas refineries, petrochemical plants, and other industrial facilities owing to their high level of protection against accidental fires and explosions.
- Technological advancements that have led to development of new types of wire rope safety barrier systems with enhanced features, such as crash cushions that can reduce impact forces in case an accident occurs
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Rope Safety Barrier Market Research Report
By Type
TL3, TL4, Others
By Application
Roadways, Airports, Railways, Others
By Companies
Ingal Civil, Webforge, Australian Construction Products, OBO Bettermann Holdings Africa Ltd(Armco Superlite), Safe Direction, Brifen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Wire Rope Safety Barrier Market Report Segments:
The global Wire Rope Safety Barrier market is segmented on the basis of:
Types
TL3, TL4, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Roadways, Airports, Railways, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingal Civil
- Webforge
- Australian Construction Products
- OBO Bettermann Holdings Africa Ltd(Armco Superlite)
- Safe Direction
- Brifen
Highlights of The Wire Rope Safety Barrier Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- TL3
- TL4
- Others
- By Application:
- Roadways
- Airports
- Railways
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wire Rope Safety Barrier Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wire rope safety barriers are a type of barrier used to protect workers from falling objects. They consist of a series of closely spaced wires suspended between two poles or supports. When an object falls onto the wire rope safety barrier, it causes the wires to vibrate and create a protective shield around those working on or near the barrier.
Some of the key players operating in the wire rope safety barrier market are Ingal Civil, Webforge, Australian Construction Products, OBO Bettermann Holdings Africa Ltd(Armco Superlite), Safe Direction, Brifen.
The wire rope safety barrier market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wire Rope Safety Barrier Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wire Rope Safety Barrier Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wire Rope Safety Barrier Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wire Rope Safety Barrier Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wire Rope Safety Barrier Market Size & Forecast, 2020-2028
4.5.1 Wire Rope Safety Barrier Market Size and Y-o-Y Growth
4.5.2 Wire Rope Safety Barrier Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 TL3
5.2.2 TL4
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Roadways
6.2.2 Airports
6.2.3 Railways
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wire Rope Safety Barrier Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wire Rope Safety Barrier Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 TL3
9.6.2 TL4
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Roadways
9.10.2 Airports
9.10.3 Railways
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 TL3
10.6.2 TL4
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Roadways
10.10.2 Airports
10.10.3 Railways
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 TL3
11.6.2 TL4
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Roadways
11.10.2 Airports
11.10.3 Railways
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 TL3
12.6.2 TL4
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Roadways
12.10.2 Airports
12.10.3 Railways
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 TL3
13.6.2 TL4
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Roadways
13.10.2 Airports
13.10.3 Railways
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wire Rope Safety Barrier Market: Competitive Dashboard
14.2 Global Wire Rope Safety Barrier Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingal Civil
14.3.2 Webforge
14.3.3 Australian Construction Products
14.3.4 OBO Bettermann Holdings Africa Ltd(Armco Superlite)
14.3.5 Safe Direction
14.3.6 Brifen
