Recovery in the construction & infrastructure industry and increasing inflow of investments to improve transport infrastructure drive the growth of the UK containment barrier market. By technology, the semirigid segment held the major share in 2020. Based on application, on the other hand, the roadways segment would remain lucrative throughout the forecast period.
Portland,OR, June 17, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the UK containment barrier market was pegged at $297.7 million in 2020 and is estimated to hit $370.2 million by 2028, registering a CAGR of 2.6% from 2021 to 2028. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Recovery in the construction & infrastructure industry and increasing inflow of investments to improve transport infrastructure drive the growth of the UK containment barrier market. On the other hand, high maintenance and repair cost impede the growth to some extent. Nevertheless, high-end technological evolution is expected to pave the way for lucrative opportunities in the industry.
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The lockdown measures across the world gave way to delay in production and manufacturing of containment barriers that are utilized in commercial, residential, and industrial spaces, thereby impacting the UK containment barrier market negatively.
However, initiation of mass vaccination by the government is expected to amend the overall situation and the market is anticipated to get back on track soon.
The UK containment barrier market is analyzed across containment level, technology, application, and region. Based on containment level, the H1 to H4 segment accounted for more than two-fifths of the total market share in 2020 and is expected to dominate by the end of 2028. The same segment would also grow at the fastest CAGR of 3.0% throughout the forecast period.
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Based on technology, the semirigid segment contributed to nearly half of the total market revenue in 2020 and is anticipated to lead the trail by 2028. The rigid segment, on the other hand, the rigid segment would exhibit the fastest CAGR of 3.0% from 2021 to 2028.
Based on application, the roadways segment held the major share in 2020, holding more than half of the market, and is anticipated to rule the roost by 2028. The same segment would also manifest the fastest CAGR of 2021 to 2028.
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The leading market players analyzed in the UK containment barrier market report include Delta Bloc UK, Arcelor Mittal, FerroStrada (UK) Limited, Hill & Smith Barrier, Nissen Road Safety Solutions, Saferoad VRS Limited, Highway Care, Tata Steel Europe, and Urban Fencing Limited. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
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