ID: MRFR/CO/6792-HCR | February 2021 | Region: Global | 110 pages
Market Synopsis: Global Outdoor Sound Barriers Market
The outdoor sound barriers market is expected to witness significant growth for the next few years. Growth will be spurred by the construction of residential and commercial buildings near highways and the necessity to ease traffic noise in order to enhance the quality of life in surrounding buildings. Hence, the rise in construction activities and industrialization mainly in emerging economies such as Asia-Pacific and Middle East & Africa, has led to the increase in investment in outdoor noise barriers market. Also, governments are focusing on introducing various regulations to boost their infrastructure industry, which has led to the growth of the overall construction industry, driving the demand for outdoor noise barriers market.
Moreover, the demand for outdoor sound barrier panels with precast concrete material, is increasing owing to its sound absorbing qualities, moderate cost, and ready availability, has enhanced the growth of outdoor sound barriers market. However, volatile raw material prices act as a restraint for the outdoor noise barriers market.
The increasing adoption rate of precast concrete outdoor sound barrier panels owing to their cost-effectiveness, is expected to create opportunities for the manufacturers.
The Outdoor Sound Barriers Industry size was valued at ~USD 822 million in 2018, which is expected to witness a CAGR of ~4.2% during the forecast period.
Global Crusher Market: Regional Analysis
The global outdoor sound barrier market has been segmented into regions of North America, Europe, Asia-Pacific, and Rest of the world (RoW). North America held the largest share in the global outdoor sound barrier market, followed by Asia-Pacific and Europe in 2018; it is expected to continue its dominance till 2025. The presence of leading manufacturers such as Amco Block & Precast, Armtec Infrastructure, Coastal Precast Systems, and Cretex Companies in this region are expected to drive the growth of the highway noise barriers market.
Asia-Pacific region is anticipated to witness fastest growth rate during the forecast period, owing to the rapid industrialization and urbanization in China, India, and emerging economies, are expected to contribute significantly to the growth of market. The growth of construction industry in the region is expected to propel the demand for outdoor sound barriers in Asia-Pacific during the forecast period.
Global Outdoor Sound Barrier Market: Segmentation
The global outdoor sound barriers market has been segmented based on material and application. On the basis of material, the market is segmented into concrete, metal, wood, and others. The concrete segment held the largest market share of the global outdoor sound noise market in 2018 and is expected to witness the highest CAGR during the forecast period. Concrete material is primarily used in the roads and highways for walls and panels, as it has a good sound absorbing qualities and are cheapest as compared to the other materials.
On the basis of application, the market is segmented as highways, aviation, demolition, utilities & railroad, and building construction. The highways segment accounted for the largest market share for the outdoor sound barrier panels installations, across the globe. The departments of transportation (DOTs), generally install sound barriers across highways and roads, in order to reduce traffic noise. Additionally, once installed, these outdoor sound barriers walls, rarely require replacement and repairing. This is one of its major advantages over asphalt paving material products, which are not only expensive but also require proper maintenance in a span of one year.
The Key Players in the outdoor sound barriers industry include Fort miller group (US), 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), Amcon Block & Precast (US), and Evonik Industries (Germany).
The global outdoor sound barrier market is fairly competitive with a moderate number of players, across the globe. The players are expected to adopt various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include focus on high quality product, cost-effectiveness, expansions, strategic partnerships, collaborations and contracts with the manufacturing companies.
Frequently Asked Questions (FAQ) :
Outdoor sound barriers market is projected to grow at a 4.2% CAGR between 2019-2025.
Outdoor sound barriers market is predicted to touch USD 822 million by 2025.
The Asia Pacific region is expected to dominate the outdoor sound barriers market.
Increase in construction activities and rise in industrialization are the key factors driving the outdoor sound barriers market.
Fluctuating raw material prices may limit the outdoor sound barriers market growth.