Global Flood Barrier Market Price 2024, Forecast To 2033
8 Mar, 2024
The flood barrier market has experienced strong growth, poised to increase from $1.61 billion in 2023 to $1.74 billion in 2024, with a compound annual growth rate (CAGR) of 8.1%. This growth is driven by factors such as extreme weather events, urbanization, rising sea levels, and government initiatives for flood management. Forecasts indicate continued strong growth, with the market projected to reach $2.39 billion by 2028, boasting a CAGR of 8.3%. Factors such as population growth in vulnerable areas, industrial expansion, and investments in resilient infrastructure will fuel market expansion, alongside trends like sustainable materials and community resilience planning.
Global Flood Barrier Market Key Driver
The flood barrier market is set for expansion due to the escalating frequency of flood events globally. Floods, caused by heavy rainfall, snowmelt, or water overflow from rivers, lakes, or oceans, necessitate protective measures like flood barriers to mitigate damage. Noteworthy incidents in 2022 include floods affecting 33 million people in Pakistan, costing $15 billion, and flooding in Nigeria resulting in 603 deaths and $4.2 billion in damages. Moreover, data from the China Institute of Water Resources and Hydropower Research reveals a 23% increase in worldwide flood frequency, affecting around 2 billion people. Consequently, the surge in flood events is propelling the growth of the flood barrier market.
Get A Free Sample Of The Global Flood Barrier Market ReportGlobal Flood Barrier Market Segments
The flood barrier market covered in this report is segmented –
1) Type:Flip-Up Flood Barriers, Removable Flood Barriers, Self-Closing Flood Barriers, Drop-Down Flood Barriers, Other Types
2) Material:Aluminum, Steel, Concrete, Polymer Composites
3) End-User:Residential, Commercial, Industrial, Government And Municipalities
By Geography: The countries covered in the flood barrier market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the flood barrier market in 2023. The regions covered in the flood barrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Flood Barrier Industry Players
FloodBreak LLC; US Flood Control Corporation; Muscle Wall; IBS Technics GmbH; AquaFence; AWMA Water Control Solutions; Barrier Solution; Blobel Umwelttechnik; Dam Easy Flood Barriers; Denilco Environmental Technology; Flood Control Asia RS Corporation; Haiyan Yawei; Megasecur; MM Engineering; Mobildeich GmbH; Muscle Wall; NoFloods; Reynaud Cauvin Yvose SA; Self Closing Flood Barrier (SCFB); The Flood Company; Water-Gate Barrier; Flood Control International Ltd.; Ps Industries; HSI Services Inc.; StormMeister Flood Protection.
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Flood Barrier Market Overview
A flood barrier refers to a physical structure or system designed to prevent or reduce the impact of flooding by creating a barrier that can withstand or divert floodwater. It is typically constructed in areas prone to flooding, such as riverbanks, coastlines, or low-lying regions, to protect properties, infrastructure, and human lives from the destructive force of floodwaters.