Global Market Insights has recently added a report on Sound Barriers Market Share 2019 – 2025 which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.
Stringent government regulations regarding sustainable infrastructural development and prevention of noise pollution will induce industry demand. For instance, EPA has defined standards for controlling of noise generated in transportation and din isolation of building environments. Shifting government focus on infrastructure development with huge investments will propel sound barriers market size.
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Rapid industrialization, urbanization along with growing population are among key factors driving the product demand. High product adoption in public places supported by increasing government investments in public infrastructure projects particularly in Europe and North America will propel sound barriers market. Growing traveling and transportation frequencies resulting in extreme noise pollution has enhanced product demand in residential buildings.
North America, led by the U.S. will observe significant growth owing to growing automotive sales. Government investments in infrastructure development for noise prevention particularly at highways and airports will propel sound barriers market. Increasing R&D investments and technological advancements will open new avenues for industry growth. Growth in construction industry particularly in the U.S. is another factor driving business growth.
Asia Pacific is estimated to witness substantial growth due to expansion in construction and transportation industry. Increasing number of manufacturing facilities causing high noise pollution due to machinery & equipment will support the sound barriers market. Rising traffic congestion levels particularly in China, India & Japan will stimulate product demand.
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Global sound barriers market share is fragmented and competitive due to presence of both multinational corporations and regional manufacturers. AcoustiGaurd, ZAK Acoustic Product Manufacturer, Ray Chung, Easi-Set, Amcon Block & Precast and Fort Miller Group are among major industry players. Other prominent players include Hoover Treated Wood Products, Armtec Infrastructure, Coastal Precast Systems, Cretex Companies, Dynamic Precast Company, Facade Technology and Mckeown International. Mergers, collaborations, acquisitions, product portfolio expansion are among major strategies adopted by industry players.
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