Automated Barriers and Bollards Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2030
The Automated Barriers and Bollards Market is expected to grow from USD 2,406.9 Million in
2021 to USD 3223.65 Million by 2030, at a CAGR of 3.35% 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.
Rising
adoption of innovative technologies which integrates hardware and software in
different sectors including construction, traffic and road management is
anticipated to drive automated barrier and bollards market size in the forecast
period. Increasing utilization of automated solutions including wireless
technologies has resulted in rising use of these products at toll booths, which
will further accelerate product demand.
The
global Automated Barriers and Bollards market research report provides a brief
overview inclusive of competitive landscape and key developments in the market.
It provides an extensive study analysis of the strategic alliances such as
mergers and acquisitions, joint ventures, collaborations, product launches and
brand promotions, corporate deals and partnerships, among others. It also
offers insights into company overview, financial standing, business expansion
plans, and revenue growth of each company. It also sheds light on product
advancement, technological developments, and research and development
activities.
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Further
key findings from the report suggest:
· 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.
· 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.
· However, Europe is the leading segment for this
market, with a market share of aprox. USD 579 million in the forecast year.
Key
Players:
Key
players with in Automated Barriers and Bollards market 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.
Key
Questions Addressed in the Report:
- What is the
expected revenue growth rate the global Automated Barriers and
Bollards market is expected to register during the forecast period?
- What are the
key growth driving factors of Automated Barriers and
Bollards market?
- Who are the
leading players in the market?
- What are the
key outcomes of SWOT analysis and Porter’s Five Forces analysis?
- Which region
is expected to account for the largest market share in the
global Automated Barriers and Bollards
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Regional
analysis covers study of the market in key geographical regions of the world
including North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. The report further predicts the regions expected
to account for the largest revenue share in the forecast period and the CAGR
for the forecast period. The section further discusses in detail the production
and consumption ratio, supply and demand, export and import, consumer demand
and behavior, and presence of key players in each region. The section further
offers a country-wise analysis to provide deeper insights into the global
market.
An
extensive analysis of the global market is included in the report which covers
different factors from region-centric key statistical data to macro- and
micro-economic factors that are crucial for forecast assessment. The study also
offers a comprehensive analysis of the growth prospects, patents, technological
advancements, and product launches in the market.
Market
Segmentation:
Automated
Barriers and Bollards Market Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia Pacific
- Middle East
& Africa
- Latin America
Automated
Barriers and Bollards Market by type (Revenue, USD Billion; 2019-2030)
- Push Button
- Remote
Controlled
- RFID Tags
Reader
- Loop
Detectors
- Others
Automated
Barriers and Bollards Market by applications (Revenue, USD Billion; 2019-2030)
- Residential
- Commercial
- Industrial
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Key
Points Addressed in the Report:
- A detailed
analysis of the global Automated Barriers and Bollards market
through assessment of key market aspects such as technology, product type,
application, end-use, and overall industry dynamics.
- Qualitative
and quantitative analysis of the market estimation and CAGR calculation
for the forecast period.
- All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
- Extensive
profiling of key companies operating in the market including company
overview, financial standing, product offerings, product portfolio, recent
product and technological advancement, and business expansion plans.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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