Global Outdoor Sound Barriers Market Subjected to Expand to Showcase Rampant Growth by 2025
Outdoor sound barriers are measures taken to
block or nullify environmental noises caused by construction, traffic, and
other processes exposed to elements. The rapid pace of urbanization and efforts
in developing existing infrastructure would warrant the need of noise blocking
solutions. The global outdoor sound barriers market report by Market Research
Future (MRFR) presents historical data, current economic scenario, and
estimates revenue and value sizes for the period of 2019 to 2025 (forecast
period). The COVID-19 pandemic and its impact are analyzed in the report.
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Market Scope
The global outdoor sound barriers
industry is expected to witness a CAGR of 4.2% during the forecast period. It
was valued at USD 822 million in 2018.
The development of real
estate near highways and noise-filled roads can drive the market demand
exponentially. The renovation of suburbs and redevelopment of zones in
metropolitan cities can create a plethora of opportunities for the market. Government
policies for modernizing public infrastructure and development of smart cities
are likely to warrant the need for outdoor sound barriers till 2025. Concerns
for citizen’s health as well as improved standards of living are prime growth
enablers of the market.
The use of precast
concrete and rockwool material for sound barriers owing to thermal padding and
easy installation can favor the market growth. Regulations for lowering noise
pollution and controlling noise generation are likely to positively impact the
market. This is exemplified by law number 447 of the Italian government which
proposes suspension of public and private entities responsible for creating
excessive noise.
But
volatile raw material prices can hamper market growth.
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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 wood, concrete, metal, and others. The concrete
segment held the largest market share of the global outdoor sound barriers market
in 2018 and is expected to witness the highest CAGR during the forecast period.
It is primarily used on roads and highways for walls and panels due to its
sound absorption properties and ability to blend with the local aesthetic.
On the basis of
application, the market is segmented as demolition, utilities & railroad, highways,
aviation, and building construction. The highways segment accounted for the
largest market share for the outdoor sound barrier panel installations globally.
The use of sound barriers by traffic management and road construction companies
for lowering noise levels can drive the segment growth.
Regional Analysis
The global outdoor sound
barrier market has been segmented into regions of North America, Europe, Asia Pacific
(APAC), and Rest-of-the-World (RoW).
North America held the
largest share in the global outdoor sound barrier market, followed by APAC 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, and Cretex Companies in this region are expected to drive the
growth of the highway noise barriers market. Moreover, the use of outdoor sound
barrier in backyards of residential homes for kids to enjoy weekend activities
can bode well for the market.
APAC is anticipated to
witness rapid growth during the forecast period owing to the pace of
industrialization and urbanization in China, India, and emerging economies. The
growth of construction industry in the region is expected to propel the demand
for outdoor sound barriers in the region. Development of urban areas in
Singapore and Malaysia can induce the market demand effectively. This is
evident with the use of concrete blocks and hollow panels for lowering decibel
levels.
Competitive Outlook
Amcon Block & Precast,
Hoover Treated Wood Products, Coastal Precast Systems, Evonik Industries, AcoustiGaurd,
ZAK Acoustic Pvt Ltd, Cretex Companies, Fort Miller Group, Dynamic Precast
Company, and Armtec Infrastructure are major solution providers of the global
outdoor sound barriers market.
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