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 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.
Automated Barriers and Bollards Market Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- 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
Automated Barriers and Bollards Market by applications (Revenue, USD Billion; 2019-2030)
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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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