Flood Barrier Market Size, Share, Growth Report 2032

Industry Perspective:

The global flood barrier market size was evaluated at $ 15.92 billion in 2022 and is slated to hit $34.07 billion by the end of 2030 with a CAGR of nearly 11.4% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The global flood barrier market report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the flood barrier industry report explores the investor and stakeholder space to help companies make data-driven decisions.

Flood Barrier Market: Overview

Flood barrier is referred to as a barrier that is placed at individual buildings for preventing floodwaters from entering the building. Furthermore, a flood barrier is a structure made by humans for protecting an area or region from getting flooded. The significance of a flood barrier depends on the location and purpose of the barrier. Citing an instance, if a city is situated in a low-lying region that is susceptible to floods, then a flood barrier can help in protecting the city from getting damaged. Furthermore, if a homeowner resides in an area that does not experience flooding, then deployment of a flood barrier is not required. Flood barriers also help in preventing damage to building structures during floods and help in saving money in terms of road infrastructural development.

Key Insights

• As per the analysis shared by our research analyst, the global flood barrier market is projected to expand annually at the annual growth rate of around 11.4% over the forecast timespan (2023-2030)
• In terms of revenue, the global flood barrier market size was evaluated at nearly $15.92 billion in 2022 and is expected to reach $34.07 billion by 2030.
• The global flood barrier market is anticipated to record massive growth over the forecast period owing to a rise in the number of construction projects in coastal & low-lying regions.
• Based on type, the drop-down flood barriers segment is predicted to contribute majorly towards the market growth over the forecast timeline.
• In terms of application, the commercial segment is set to record the fastest CAGR over 2023-2030.
• Region-wise, the North American flood barrier market is projected to register the highest CAGR during the assessment period.

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Flood Barrier Market: Growth Factors

Introduction of smart city concept promoting use of new products against flood protection to steer the global market trends

Surging awareness about the benefits offered by flood barriers to end-user will steer the growth of the global flood barrier market. In addition to this, escalating demand for affordable flood barrier solutions will embellish the global market trends. Rise in the number of construction projects in coastal & low-lying regions will proliferate the size of the growth of the global flood barrier market. Increase in the allocation of funds for research activities for developing new flood barrier systems to expedite the growth of the global market. Launching smart city projects for promoting the use of new flood-protecting tools will embellish the scaling up of the flood barrier market

Furthermore, the launching of flood barriers of various brands including bund flood barriers, buffalo bund flood barriers, and hydro-shield flood barriers will steer the growth of the floor barrier market across the globe. Moreover, flood barriers prevent flooding risk and inadequate storm drainage, thereby providing impetus to the demand for flood barriers. Need for protecting homes in flood areas and the demand for reducing the rate of erosion will spur the scaling up of the market across the globe.

Flood Barrier Market: Hindrances

High upfront installation prices to impede the global flood barrier industry growth

Flood barriers require large storage space and they cannot offer passive protection which results in errors. This, in turn, will hinder the growth of the global flood barrier industry. High upfront deployment costs can further impede the growth of the global industry.

Flood Barrier Market: Opportunities

Flood barriers have ability to deflect water waves which have offered new growth opportunities for the global market

Flood barriers can protect businesses and households in the vicinity of coastal regions from flood risks, thereby creating new growth opportunities for the global flood barrier market. In addition to this, flood barriers have the ability to deflect water waves, absorbing wave energy, protecting cliff bases, and halting the erosion of beaches. All these aforementioned benefits offered by the flood barriers will generate new avenues for the market across the globe.

Flood Barrier Market: Challenges

Oscillating costs of raw components used in producing flood barrier systems can challenge the global industry surge

Fluctuations in the cost of raw materials and disruption in the supply chain activities can prove to be a key challenge in the growth of the global flood barrier industry. Moreover, flood barriers can cause flooding in adjacent areas and this can pose a big challenge in the deployment of the product.

Flood Barrier Market: Segmentation

The global flood barrier market is sectored into type, application, and region.       

In terms of type, the global flood barrier market is divided into removable flood barriers, flip-up flood barriers, self-closing flood barriers, drop-down flood barriers, and others segments. Furthermore, the drop-down flood barriers segment, which accounted for more than two-fifths of the global market share in 2022, is slated to retain its domination status even during 2023-2030. The segmental surge in the next eight years can be owing to the ability of the drop-down flood barriers in offering flood protection to roller shutter entrances of doors, basements of garages, and storage.

On the basis of application, the global flood barrier industry is sectored into commercial, residential, and others segments. The commercial segment, which accounted for more than 71% of the global industry share in 2022, is anticipated to record the highest CAGR over the forecast timeline. The growth of the segment in the coming years can be due to the massive use of flood barriers in commercial constructions that include hotels, shopping malls, and hospitals.            

Recent Breakthroughs

• In February 2022, Garrison™ Flood Control, a key provider of flood barriers & water diversion ventures, introduced a new e-commerce tool for selling its flood control products online. The move will enhance the scope of demand for flood barriers across the globe.
• In the second quarter of 2022, Safetyflex Barriers, a Coventry firm & manufacturer of anti-terrorism bollards & barriers, launched a new flood protection product referred to as Food Stopper owing to consumer demand. The initiative is likely to provide impetus to the demand for flood barriers in the UK and Europe.
• In January 2023, Floodbase, a climate adaptation tech firm, launched a flood solution to protect structures against parametric hurricanes along with raising $12 million in a series A round of funding. The move will benefit the growth of the flood barrier industry across the globe.

Flood Barrier Market: Report Scope

Flood Barrier Market: Regional Insights 

Asia-Pacific Flood Barrier market to acquire the largest revenue share of the global market in the coming years

Asia-Pacific, which accounted for two-fifths of the global flood barrier market revenue share in 2022, is anticipated to dominate the regional market growth over the forecast timeline. The regional market surge over 2023-2030 can be due to a rise in the number of floods witnessed in Japan, Thailand, India, and China resulting in huge demand for flood barriers in these countries.

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On the other hand, the flood barrier industry in North America is predicted to record the fastest CAGR of 11.7% in the forthcoming years. The regional market expansion over the forecast timeline can be due to the rise in the floods witnessed in the U.S. due to seasonal fluctuations. Moreover, huge rainfall witnessed in some of the states such as Florida in the U.S. has enhanced the demand for flood barrier systems in the region.

Flood Barrier Market: Competitive Space

The flood barrier market profiles key players such as:

• IBS Technics GmbH
• PS Industries
• the Flood Company
• FloodBreak
• US Flood Control
• AWMA Water Control Solutions
• Blobel Umwelttechnik
• Denilco Environmental Technology
• AquaFence
• NoFloods
• Haiyan Yawei
• Muscle Wall
• MM Engineering
• StormMeister
• HSI Services
• Flood Control International.

The global flood barrier market is segmented as follows:

By Type

• Flip-Up Flood Barriers
• Removable Flood Barriers
• Self-Closing Flood Barriers
• Drop-Down Flood Barriers
• Others

By Application

• Commercial
• Residential
• Others

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa