HIGHWAY CRASH CUSHION MARKET ANALYSIS

Highway Crash Cushion MarketSize and Trends

Increasing vehicle accidents and road safety initiatives are expected to propel the market growth during forecast period.

Every year about 1.3 million people lose their lives in the road accidents across the globe, according to Coherent Market Insight’s analysis in 2021. The road infrastructure such as warning signs/lights, safe crossing points, crash cushions, and others are placed on roadways to enhance the road safety. For instance, in 2017, WHO (World Health Organization), released Save Lives, an evident based interventions. These interventions majorly focuses on infrastructure design and improvement, speed management, vehicle safety standards, enforcement of traffic laws, and post-crash survival. In addition to this, government investments are expected to propel the growth of the global highway crash cushions market. For instance, Government of Australia is expected to spend about US$ 2.3 billion in 2021 to 2023 period under the Road Safety Program. This program includes up gradation of the road infrastructure including physical and crash cushion barriers.