Growth of Smart City Momentum is anticipated to escalate the Automated Barriers and Bollards Market at a CAGR of 4.07%Published Date: Dec 2017
Latest market study on “Automated Barriers and Bollards Market to 2025 by Product Type (Push Button, Remote Controlled, RFID Tags Reader, Loop Detectors, and Others) and End-use Vertical (Residential, Commercial, and Industrial) – Global Analysis and Forecast”, the Automated Barriers And Bollards Market is estimated to reach US$ 1.80 billion by 2025 from US$ 1.26 billion in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Government of various countries in Asia Pacific are adopting the momentum of Smart Cities thereby, investing in the development of modernized infrastructure in the countries. This would further increase the growth of construction and infrastructure in the region. For instance, the Government of India has allocated US$ 7.34 Bn to build 100 smart cities across India. Also, during 2017, over 500 Chinese cities are underway or are anticipated to build their "smart-city" transformations. Along with these countries, Malaysia, Indonesia, Korea, Philippines, Brazil, Chile, Mexico and others are developing smart cities.
The global automated barriers and bollards market for the end-use vertical is fragmented into residential, commercial and industrial. The segmentation is based upon the need for automated barriers and bollards market for vehicle safety, traffic management and well as to manage access of people and vehicles in high security areas. The commercial end-use vertical is the leading adopter of automated barriers and bollards. The construction of shopping malls, hospitals, office building, toll plazas etc. has resulted in accelerating this growth. Also, the implementation of boom barriers in residential communities is increasing owing to increasing awareness for safety and to eliminate entry of unknown people.
Automated Barriers and Bollards market operates in a highly fragmented industry with large number of local players capturing limited regional market place. Some leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and adopting new technological developments. Key players in the market are taking measures to gain maximum benefit from on the opportunities in niche and emerging markets. Some of the key players in the global automated barriers and bollards market includes Came SpA, Houston System, Magnetic Autocontrol, Automatic System, and Avon Barriers among others.
The report segments the global automated barriers and bollards market as follows:
Global Automated Barriers and Bollards Market– By Boom Barrier Product Type
RFID Tags Reader
Global Automated Barriers and Bollards Market– By End-use Vertical
Global Automated Barriers and Bollards Market– By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SA)
Rest of SA