Crash Barrier Systems Market Regional Analysis:
APAC Market Insights
Asia Pacific region is projected to account for more than 40.8% market share by 2035, fueled by population growth and road safety infrastructure development.. According to the World Bank, the population of India and China has increased from 1.06 billion and 1.26 billion in 2000 to 1.39 billion and 1.41 billion in 2021 respectively. The economic growth of India is estimated to improve roads to meet high standards. Moreover, the increasing transport dependent on roads is increasing day by day with more imports, exports, and e-commerce sales. In addition, everything is being purchased from e-commerce platforms with increasing internet penetration. This promotes the installation of crash barriers on highways, roads, flyovers, and bridges. Furthermore, flyovers are being built in many areas to control traffic, which is expected to boost market growth in the region, according to market analysis. Even the government has sanctioned funds for many road projects to reduce road accidents and improve the beauty of the cities by planting trees in the middle and side paths of the roads.
