New York, United States, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Global Industrial Barrier Systems Market Size is to Grow from USD 2.10 Billion in 2022 to USD 3.94 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.
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Industrial barrier systems are essential components of safety and security in various industrial settings. These systems encompass a wide range of physical barriers designed to protect workers, equipment, and infrastructure from potential hazards and unauthorized access. Common types of industrial barriers include guardrails, bollards, fencing, and safety netting, each serving specific purposes. Guardrails provide fall protection for workers on elevated platforms, while bollards safeguard critical infrastructure by preventing vehicular collisions. Fencing and safety netting enhance perimeter security and protect against debris or objects falling from heights.
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Industrial Barrier Systems Market Size, Share, and COVID-19 Impact Analysis, By Type (Bollards, Safety Fences, Safety Gates, Guardrails, Barriers for Machinery, and Others), By Function (Active Barriers and Passive Barriers), By Access Control Device (Biometric Systems, Perimeter Security Systems & Alarms, Token & Reader Function, Turnstile, and Others), By Material (Metal and Non-metal), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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In 2022, the barriers for machinery segment accounted for around 30.5% market share
On the basis of the type, the global industrial barrier systems market is segmented into bollards, safety fences, safety gates, guardrails, barriers for machinery, and others. The machinery segment's dominance in the industrial barrier systems market is attributed to several factors. Machinery and equipment within industries pose significant safety risks, necessitating robust protective measures. Barriers are crucial in preventing accidents involving heavy machinery, such as collisions, falls, and equipment-related injuries. Moreover, the increasing adoption of automated and mechanized processes in various industries has amplified the demand for barriers to ensure the safety of both workers and expensive equipment.
The passive barriers segment held the largest market with more than 67.3% revenue share in 2022
Based on the function, the global industrial barrier systems market is segmented into active barriers and passive barriers. The passive barriers segment has secured the largest market share in the industrial barrier systems market due to its versatility and widespread applicability. Passive barriers include solutions like guardrails, safety netting, and fencing, which provide continuous, non-invasive protection in various industrial settings. These barriers are favored for their effectiveness in preventing accidents, controlling access, and enhancing perimeter security while requiring minimal maintenance.
The biometric systems segment is anticipated to grow at a CAGR of around 6.8% during the forecast period
Based on the access control device, the global industrial barrier systems market is segmented into biometric systems, perimeter security systems & alarms, token & reader functions, turnstile, and others. The biometric systems segment is poised for significant growth during the forecast period. This growth is driven by the increasing demand for advanced security solutions across various industries. Biometric systems, which use unique physiological or behavioral traits for authentication, offer a high level of security and accuracy.
The metal segment held the largest market with more than 52.5% revenue share in 2022
Based on the material, the global industrial barrier systems market is segmented into metal and non-metal. The dominance of the metal segment in the industrial barrier systems market can be attributed to the superior strength, durability, and versatility of metal materials. Metal barriers, such as steel guardrails and bollards, are renowned for their ability to withstand heavy impacts, making them ideal for protecting against vehicular collisions and other potential hazards.
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Asia-Pacific is predicted to grow at a fastest CAGR of around 6.7% over the projected period
Based on region, the Asia-Pacific region is projected to emerge as the fastest-growing region in the industrial barrier systems market over the forecast period. This growth is primarily driven by the region's booming industrial and manufacturing sectors, rapid urbanization, and infrastructure development. As businesses expand and upgrade their facilities, there's an increasing need for advanced safety and security measures, including barrier systems.
North America commands a substantial share of the industrial barrier systems market due to the region's robust industrial and manufacturing sectors, coupled with stringent safety regulations, drive the demand for advanced barrier systems. Moreover, the presence of numerous logistics and warehousing facilities, including e-commerce giants, fuels the need for efficient traffic management and worker protection.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major players in the global industrial barrier systems market include A-Safe, BOPLAN, Ritehite, Fabenco by Tractel, Lindsay Corporation, Valmont Industries Inc., Betafence, Gramm Barriers, Hill & Smith PLC, CAI Safety Systems, Inc., Kirchdorfer Industries, Tata Steel, Arbus, Avon Barrier Corporation Ltd. and Others.
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Recent Developments
In June 2023, Ritehite introduced RiteLoad, a new generation dock leveller with innovative controlling systems, strengthened structure, and better design that prioritised safety. The optimised plateau construction and telescopic lip guiding provide stability and longevity, allowing for a ten-year warranty on the construction and steelwork.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global industrial barrier systems market based on the below-mentioned segments:
Industrial Barrier Systems Market, By Type
- Bollards
- Safety Fences
- Safety Gates
- Guardrails
- Barriers for Machinery
- Others
Industrial Barrier Systems Market, By Function
- Active Barriers
- Passive Barriers
Industrial Barrier Systems Market, By Access Control Device
- Biometric Systems
- Perimeter Security Systems & Alarms
- Token & Reader Function
- Turnstile
- Others
Industrial Barrier Systems Market, By Material
- Metal
- Non-metal
Industrial Barrier Systems Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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