Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Outdoor Sound Barriers Market.
The Global Outdoor Sound Barriers Market is expected to witness stable growth during the forecast period owing to the growth in construction industry and the focus on innovation and aesthetic appearance of the outdoor walls and panels. Various developing nations are focusing on reforms and regulations for boosting the infrastructure and real estate, which in turn drives the demand for outdoor sound barriers for residential and commercial buildings, globally.
The outdoor sound barrier walls and panels rarely require replacement & repairing and also provide long term savings, which makes its more preferred over asphalt paving material products, which are not only expensive but also require proper maintenance in just one year.
However, the market is restrained due to the fluctuating prices of raw materials, such as iron and steel.
Asia-Pacific is expected to witness the fastest growth in the outdoor sound barriers market during the forecast period: MRFR
On the basis of region, the global outdoor sound barriers market is segmented as Europe, Asia-Pacific, North America, and the Rest of the World (RoW). North America is expected to dominate the global market, followed by Asia-Pacific, primarily due to the growth of construction in China, India, and other countries. The construction industry in Asia-Pacific is rising due to the growth in the number of infrastructural construction projects, which fuel the Asia-Pacific outdoor sound barriers market growth.
Outdoor Sound Barriers Market Size was valued at USD 1.1 billion in 2022. The Outdoor Sound Barriers market industry is projected to grow from USD 1.1462 Billion in 2023 to USD 1.592950 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2032).
Concrete segment, to occupy a largest market share of the global Outdoor Sound Barriers Market: MRFR
The market is segmented on the basis of material as concrete, metal, wood, and others. The concrete segment dominate the global noise barrier market, with 65% share of the total in 2018, which ia also anticipated to witness fastest growth during the forecast period. The manufacturers and transportation construction experts often specify concrete material for outdoor sound barrier walls and panels, due to its moderate cost, sound absorbing features, and ready availability.
The highways segment to occupy the largest share in the global Outdoor Sound Barriers Market.
On the basis of application, the outdoor sound barriers market is segmented as highways, aviation, demolition, utilities & railroad, and building construction. The highways segment accounted for the largest market share in 2018, which is expected to witness fastest growth during the forecast period. Highways account for the vast majority of the installations of outdoor sound barriers walls and panels, globally.
Global Outdoor Sound Barriers Market, 2018–2025 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global outdoor sound barriers market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global outdoor sound barriers market by material, application, and region.
The prominent players in the global outdoor sound barriers market are Amcon Block & Precast (US), Evonik Industries (Germany), Armtec Infrastructure (Canada), Hoover Treated Wood Products (US), Dynamic Precast Company (US).
Coastal Precast Systems (US), Cretex Companies (US), AcoustiGaurd (Canada), ZAK Acoustic Pvt Ltd (India), Fort miller group (US) are among other key players.
Browse Full Report Details @ Outdoor Sound Barriers Market Trends