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.
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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Top Lading Players: 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.
The demand for automated barriers and bollards has been driven by several factors:
- Increasing Security Concerns: In an ever-changing security landscape, there has been a growing need for robust physical security solutions. Automated barriers and bollards provide controlled access to sensitive areas, such as airports, government buildings, military installations, corporate campuses, and critical infrastructure facilities, helping prevent unauthorized vehicle entry and enhancing security.
- Urbanization and Infrastructure Development: With rapid urbanization and infrastructure development, there has been an increased focus on managing vehicular traffic flow and ensuring public safety. Automated barriers and bollards play a vital role in regulating vehicle access in crowded areas, including city centers, shopping malls, stadiums, and parking lots.
- Technological Advancements: Advancements in automation, sensor technology, and connectivity have significantly improved the functionality and performance of automated barriers and bollards. Integrated systems with features such as RFID card readers, license plate recognition, biometric authentication, and remote monitoring capabilities have enhanced security and operational efficiency, driving market growth.
- Compliance with Safety Regulations: Various safety regulations and standards, such as crash ratings and impact resistance requirements, influence the adoption of automated barriers and bollards. Compliance with these regulations ensures that the systems provide effective protection against vehicle-borne threats, thereby driving market demand.
Some Key Highlights from the Report:
- 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.
Segments covered in the report:
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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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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