Crash Barrier Systems Market Insights 2023-2030 Global Insights, Growth Demand
Market Synopsis: As per the assessment published by Market Research Future (MRFR), the global Crash Barrier Systems Market is projected to register a CAGR of 3.3% from 2021 to 2028. The expansion of the market is supported by the growth of the two major industries – construction and automotive. Both the industries have been witnessing substantial revenue generation and are likely to exhibit the same trend in the years to come. The red flags raised by the alarming rate of road accidents are expected to propel the expansion of the crash barrier systems market. According to the World Health Organization (WHO), around 1.25 million people lose their lives in road accidents every year. It further indicates that on average 3,287 people are dying every day in these accidents. In addition, 20-50 million people are either severely injured or disabled every year. It has gained the attention of the governments who are investing in the deployment of the effective crash barrier sys...