Australia Industrial Barrier Systems Market To Reach $108.8 Million By 2030

Australia Industrial Barrier Systems Market Growth & Trends 

The Australia industrial barrier systems market size is estimated to reach USD 108.8 million by 2030, growing at a CAGR of 7.9% from 2023 to 2030,according to the recent reports of Grand View Research, Inc.The market is poised for noticeable growth as the Australian government is drafting rigorous safety requirements for various industries and industry verticals, thereby pushing enterprises to invest in industrial barriers to meet safety standards and avoid any penalties. Incumbents of the mining & resources industry in Australia can be considered among the major consumers of industrial barrier systems as they have to put a strong emphasis on protecting their workers, machinery, assets, and infrastructure, thereby driving the demand for safety barriers. With an increased focus on workplace safety and worker protection, enterprises in Australia are investing aggressively in industrial barrier systems to ensure safer working environments.    

In Australia, cities, such as Melbourne, Sydney, Brisbane, and Perth, are evolving into major industrial and economic hubs; and are hence attracting both people seeking better opportunities and businesses and incumbents of various industries and industry verticals, thereby driving urbanization and industrialization, and subsequently, the need for industrial barrier systems. The pursuit of smart industry initiatives and the subsequent integration of IoT technology in industrial barrier systems are poised to open new opportunities for the growth of the Australia industrial barrier systems industry. Smart industrial barrier systems or industrial barrier systems with IoT capabilities can communicate with other connected equipment to facilitate centralized management and surveillance, and remote access.

Industrial barrier systems are evolving continuously in line with the advances in the latest, emerging technologies. However, the adoption of industrial barrier systems depends on the ability of the end-user enterprises to predict potential threats and opt for the relevant industrial barrier systems accordingly. The Australian industrial barrier systems market is highly fragmented, with multiple vendors offering diverse solutions, which is particularly making it difficult for end users to stay updated with the latest solutions available in the market. Similarly, some end-user enterprises are not aware of the new products based on the latest technologies launched in the market. Such factors typically restrain the adoption of industrial barrier systems.

However, continued industrial advancements are driving the need to incorporate various safety measures to protect people, equipment, infrastructure, and other assets, thereby driving the demand for industrial barrier systems over the forecast period. Looking forward into the future, advances in Virtual Reality (VR) and Augmented Reality (AR) technologies would make it easier for employees to understand the safety standards in various industrial environments and learn to navigate the barriers accordingly.

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Australia Industrial Barrier Systems Market Report Highlights

• The guardrails segment is expected to register a CAGR of 10.0% from 2023 to 2030. The growth of the guardrails segment can be attributed to the unabated expansion of heavy industries, which has triggered the need to follow adequate safety precautions and ensure proper safety measures while new infrastructure is developed at various industrial sites.

• The safety fences segment dominated the market with the largest revenue share of 23.38% in 2022, attributed to its protection around dangerous places, machinery, or building sites to keep workers safe from potential hazards and reduce the possibility of injuries and collisions.

• The key market players includeA-Safe; Arbon Equipment Corporation; Proactive Group Australia; and Verge Safety Barriers. Companies utilize a variety of inorganic growth tactics, such as partnerships mergers, and acquisitions to broaden their product offering.

Australia Industrial Barrier Systems Market Segmentation

Grand View Research has segmented the Australia industrial barrier systems market based on type:

Australia Industrial Barrier Systems Type Outlook (Revenue, USD Million, 2018 - 2030)

• Bollards

• Safety Fences

• Safety Gates

• Guardrails

• Barriers for Machinery

• Others

List of key players in the Australia industrial barrier systems market

• A-Safe

• Area Safe

• Barrier Group

• Safe Direction

• WPS

• Premier Workplace Solutions

• Sitecraft

• Verge Safety Barriers

• Arbon Equipment Corporation

• Safetech

• e-Safety Supplies

• Australian Bollards

• Proactive Group Australia

• Safetysure