The Automated Barriers and Bollards Market is expected to grow from USD 1.63 Billion in 2020 to USD 2.06 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.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1165
Key participants include 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.
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 approx. USD 579 million in the forecast year.
Request a customization on the report @ https://www.reportsanddata.com/request-customization-form/1165
For the purpose of this report, the market has been segmented on the basis of type, applications, and regional analysis.
Automated Barriers and Bollards Market by type (Revenue, USD Billion; 2018-2028)
- Push Button
- Remote Controlled
- RFID Tags Reader
- Loop Detectors
Automated Barriers and Bollards Market by applications (Revenue, USD Billion; 2018-2028)
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/automated-barriers-and-bollards-market
Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers detail about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.
Browse Related Reports:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behaviour shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370
Reports and Data | Web: www.reportsanddata.com