Automated Barriers and Bollards Market Size Expected to Reach USD 2.06 Billion by 2028 – Reports and Data

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The main factor contributing to the growth of the market may be the need for better crowd and parking management solutions, to prevent unauthorized access.

NEW YORK, NY, UNITED STATES, October 26, 2021 / — The Automated barriers and bollards market is expected to grow from $ 1.63 billion in 2020 to $ 2.06 billion by 2028, at a CAGR of 2.98% during the forecast period. Increase in road construction due to urbanization, increase in the number of toll booths in developed and developing countries, emergence of several smart city programs, increase in demand for automatic license plate recognition technology (ANPR) for vehicle surveillance and need for better crowd and parking management solutions, to prevent unauthorized access eg prevent burglars and thieves from entering property are some of the driving factors of the market.

The high costs of deployment, maintenance and repair and the lack of awareness of automated barriers and bollards may restrain the growth of the automated barriers and bollards market.

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The main players in the automated barriers and bollards market are Automatic Systems, Avon Barrier Corporation Ltd, CAME SpA, Houston System Inc., LA BARRIRE AUTOMATIQUE, MACS Automated Bollard Systems, Magnetic Autocontrol GmbH, Nice SpA, Omnitec Group and RIB Srl, among others.

Other 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 applications dominates the market, with a market share of approx. USD 829.9 million, in the forecast year, and is due to the increase in the number of shopping malls, hospitals, office buildings, toll plazas, etc.
• The market for automated barriers and bollards is segmented by geography into North, America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
• APAC is expected to experience the highest growth in the market, with a CAGR of 4.56% in the forecast year, due to increasing urbanization and the growth of 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.

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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)

• Pushbutton
• Remote controlled
• RFID tag reader
• Loop detectors
• Others

Automated barriers and bollards market by applications (Revenue, in billions of dollars; 2018-2028)

• Residential
• Commercial
• Industrial

The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces Analysis. The report further explores key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and validated by analysts, industry experts and market professionals. The report also highlights recent mergers and acquisitions, joint ventures, collaborations, partnerships and product launches, among others.

The regional analysis covers the assessment of imports / exports, production and consumption ratios, supply and demand, costs, prices, estimated revenues and gross margins, and the presence of actors keys in the area. The report also offers information on revenue growth, market size, market share, the technological advancement, and the presence of key players in each region.

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The regional bifurcation of the automated barriers and bollards market includes:

North America (United States, Canada, Mexico)
Europe (UK, Italy, Germany, France, rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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