Noise Barriers are anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights on the Noise Barriers market, the growth of the industry is attributed to increase in the consciousness towards the harmful effects of the noise pollution is anticipated to boost the industry in the forecast period. Furthermore, the growth in the need for the better noise proofing in the industrial, commercial and the residential buildings would aid in the growth of the industry at a higher pace in the coming years. There is a continuous growth of the traffic noise and the surge in the development of national highway system attributed to propel the market growth in the near future.
Top Driver: Surge in national highway systems to boost the industry
Noise Barriers is anticipated to boost, due to the growth in the development of infrastructure and the national highway systems, leading to the noise pollution. Furthermore, the surge in public awareness regarding the ongoing environmental challenges has improved the focus on a necessity to evaluate the impact of traffic noise and is anticipated to help the industry flourish in the near future. There is rise in the highway systems on neighboring communities, which needs the noise to be controlled, propelling the market growth. The surge in noise pollution through vehicles has stimulated the demand for noise barrier system industry in the coming years.
Concrete to Make Crucial Contribution to Growth of Global Noise Barriers Market
Among material segments of the global Noise Barriers market, concrete segment is anticipated to gain highest revenue shares in the forecast period. The key advantages attributed include, the better strength provided by the concrete material, non-corrosive nature, higher quality of acoustics provided, which provide efficient noise prevention. This owes to the growth of the concrete segment, aiding the market to flourish in the coming years.
Wood segment is anticipated to experience a downfall due to the increase in the awareness programs regarding the deforestation issues in the today’s world and would hence get affected negatively in the coming few years.
Growth in the Highway Systems to Benefit North America Market
North American countries such as the US are predicted boost in the coming years. This owes to the increase in the investment of the infrastructure in the forecast period, consequently developing the national highway systems, and hence would propel the market growth in the forecast period. Furthermore, the individuals are focusing on identifying ways in order to minimize the noise pollution in the region, fuelling the market growth in the region. Asia Pacific region is anticipated to gain highest CAGR in the near future. This attributes to the increase in the number of government awareness programs and also due to the surge in the national highway project in the current years, propelling the market growth.
The COVID-19 pandemic has led to shut down in every region, in order to avoid the exposure to the viruses and its spread to be brought in control. This has led to the downfall in the majority of the industries in the current scenario. The government is finding out ways to cope up with the situation and the market however, would grow due to the awareness in the need to control the noise pollution.
Players to Focus On The Growth Of The Industry
The global Noise Barriers market is anticipated to stay fragmented with the increase in the number of new entrants in the coming years. The key market players include, R Kohlhauer GmbH, ArtUSA Noise Control Products, Soundown Corporation, Acoustical Surfaces, Gramn Barrier Systems Limited, Noise Barrier Systems, LLC, AVT, Inc., Decimin Control Systems Pvt. Ltd., Technocrats Security Systems Private Limited, ZAK Acoustics Pvt Ltd.
Sound Seal: In June 2019, Sound Seal, which is a leading manufacturer of noise control products serving the industrial, architectural, commercial and construction industries, announced today that they have acquired Illinois based Noise Barriers, LLC. Noise Barriers will operate as a stand-alone Division of Sound Seal.
Snowsound: In Premier acoustic panel brand Snowsound leads the industry with seven new products that redefine the category, meeting the growing demand for acoustic comfort. Snowsound’s patented sound-absorption technology optimizes room acoustics, but these new shapes and applications go beyond existing solutions. Added installation options provide elegant, functional configurations that designers and architects will embrace.
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