The Automated Barriers and Bollards Market is expected to grow from USD 1.52 billion in 2018 to USD 1.93 billion by 2028, at a CAGR of 2.98% during the forecast period. Rise in roadways construction due to urbanization, increase in number of toll booths in developed as well as developing countries, emergence of several smart city programs, rise in demand of Automatic Number Plate Recognition (ANPR) technology for vehicle surveillance and need for better crowd and parking management solutions, for preventing unauthorized access, e.g. avoiding burglars and thieves from entering into the property are some of the driving factors of the market.
High cost of deployment, maintenance & repair and lack of awareness regarding automated barriers and bollards may restrain the growth of the Automated Barriers and Bollards market.
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Key Players Profiled in the Report are:
Automatic Systems, Avon Barrier Corporation Ltd, CAME S.p.A, Houston System Inc., LA BARRIRE AUTOMATIQUE, MACS Automated Bollard Systems, Magnetic Autocontrol GmbH, Nice S.p.A, Omnitec Group, and RIB Srl, among others.
Further key findings from the report suggest
• The Automated Barriers and Bollards Market is segmented by Geography into North, America, Europe, Asia Pacific, Middle East & Africa and Latin America.
• APAC is expected to have the highest growth in the market, with a CAGR of 4.56% in the forecast year, due to increasing urbanization and growth in the construction industry.
• The Automated Barriers and Bollards market is segmented by application into residential, commercial and industrial.
• The market for commercial application leads the market, with a market share of approx. USD 829.9 million, in the forecast year, and is driven by the rise in the number of shopping malls, hospitals, office building, toll plazas etc.
• However, Europe is the leading segment for this market, with a market share of aprox. USD 579 million in the forecast year.
The competitive scenario segment of the report focuses on company overview, total revenue, market potential, market share, growth rate, global presence, estimated revenue, products and services offered, and business strategies adopted. Significant players operating in the global Automated Barriers And Bollards market are evaluated by considering market share, growth rate, revenue share, and product markets. The report focuses on a detailed explanation of competition, market growth size, margins, market shares, revenue estimation, business strategies and opportunities, mergers and acquisitions, sales, industry insights, and key factors.
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented on the basis of type, applications, and regional analysis.
Automated Barriers and Bollards Market by type (Revenue, USD Billion; 2018-2026)
•
o Push Button
o Remote Controlled
o RFID Tags Reader
o Loop Detectors
o Others
Automated Barriers and Bollards Market by applications (Revenue, USD Billion; 2018-2026)
• Residential
• Commercial
• Industrial
Regional Analysis Covers:
• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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To summarize, the report titled ‘Global Automated Barriers And Bollards Market’ provides a detailed report of the market by extensive research about the companies involved, current market status, drivers and constraints, and current and future COVID-19 oriented scenario. The study explores the historical years to provide insights into market estimation and fruitful opportunities for key players and new ventures.
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Key insights presented in the report:
• Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
• Market revenue shares by major business players, by type, application, and market scope of global Automated Barriers And Bollards market
• Sales revenue by key players and new entrants
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight into recent trends and opportunities
The report covers macro and micro-economic factors that are anticipated to affect market growth and dynamics. Along with this, the report also offers insights into the social, political, economic, and legal aspects that are anticipated to influence the growth of the market. Moreover, the report provides a thorough analysis of the size in terms of value and volume and offers an accurate forecast of the market growth and expansion.
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