The automated barriers and bollards market demand is driven by the surging need for better crowd & parking management solutions due to public safety concerns like burglar and thief intrusion in properties.
Market Size - USD 1.52 billion in 2019, Market Growth - CAGR of 2.98%, Market Trends - Growing demand for IoT based security products.
The Global Automated Barriers and Bollards Market size is forecast to reach USD 1.93 billion from USD 1.52 billion, at a growth rate of 2.98% through 2027. The market growth is driven by a plethora of factors, including rapid urbanization, rise in roadways construction and associated growth in a number of toll booths, initiation of several smart city programs across the globe, mounting need for better crowd and parking management solutions to prevent unauthorized access, and burgeoning demand of ANPR Automatic Number Plate Recognition technology for vehicle surveillance.
Bollards and automatic barriers can be used either separately or in combination to ensure high security by preventing entry of unauthorized vehicles and also any intrusion by burglars and thieves in the property.
Over the past few years, criminal activities, such as assaults, serious traffic offenses, drug-related activities, and gang activities, have been increasing. This has led to extensive barrier installation in high traffic areas to detect the vehicles involved in negative activities. The installation of IoT-based security products has made it easier for the surveillance team to establish the convict. Rising concerns regarding public security and the need for surveillance is poised to supplement the automated barriers & bollard market share. Moreover, growth in the implementation of smart city programs across the globe, along with massive ANPR penetration, will foster market size through 2027. However, the lack of awareness regarding automated barriers & bollards and high costs associated with product deployment as well as maintenance & repair may act as restraining factors for the industry growth.
Further Key Findings From the Report Suggest
For the purpose of this report, the Global Automated Barriers and Bollards Market has been segmented on the basis of type, application, and region:
Type Outlook Revenue, USD Billion; 2017-2027
Application Outlook Revenue, USD Billion; 2017-2027
Regional Outlook Revenue, USD Billion; 2017-2027
Reasons to Buy the Report
Market Size - USD 1.52 billion in 2019, Market Growth - CAGR of 2.98%, Market Trends - Growing demand for IoT based security products.
The Global Automated Barriers and Bollards Market size is forecast to reach USD 1.93 billion from USD 1.52 billion, at a growth rate of 2.98% through 2027. The market growth is driven by a plethora of factors, including rapid urbanization, rise in roadways construction and associated growth in a number of toll booths, initiation of several smart city programs across the globe, mounting need for better crowd and parking management solutions to prevent unauthorized access, and burgeoning demand of ANPR Automatic Number Plate Recognition technology for vehicle surveillance.
Bollards and automatic barriers can be used either separately or in combination to ensure high security by preventing entry of unauthorized vehicles and also any intrusion by burglars and thieves in the property.
Over the past few years, criminal activities, such as assaults, serious traffic offenses, drug-related activities, and gang activities, have been increasing. This has led to extensive barrier installation in high traffic areas to detect the vehicles involved in negative activities. The installation of IoT-based security products has made it easier for the surveillance team to establish the convict. Rising concerns regarding public security and the need for surveillance is poised to supplement the automated barriers & bollard market share. Moreover, growth in the implementation of smart city programs across the globe, along with massive ANPR penetration, will foster market size through 2027. However, the lack of awareness regarding automated barriers & bollards and high costs associated with product deployment as well as maintenance & repair may act as restraining factors for the industry growth.
Further Key Findings From the Report Suggest
- The Global Automated Barriers and Bollards Market size is forecast to reach USD 1.93 billion from USD 1.52 billion, at a growth rate of 2.98% through 2027. The market growth is driven by a plethora of factors, including rapid urbanization, rise in roadways construction and associated growth in a number of toll booths, initiation of several smart city programs across the globe, mounting need for better crowd and parking management solutions to prevent unauthorized access, and burgeoning demand of ANPR Automatic Number Plate Recognition technology for vehicle surveillance.
- Based on application, the commercial segment will contribute to a revenue share close to USD 829.9 million by 2027. The segmental growth is driven by a rise in the number of office buildings, shopping malls, toll plazas, hospitals, and others.
- In the regional landscape, the North American region is forecast to account for 46% of the automated barriers and bollards market share over the analysis period.
- The APAC region is expected to witness the highest growth rate of 4.56% through 2027 on account of rapid urbanization and growth in the construction industry.
- Europe is likely to contribute significantly to the automated barriers & bollards market with a revenue share of USD 579 million by 2027. The robust growth can be attributed to a rise in roadway construction in the region.
- Key players contributing to the Global Automated Barriers and Bollards Market share are Avon Barrier Corporation Ltd, Automatic Systems, CAME S.p.A., La Barriere Automatique, Houston System Inc., MACS Automated Bollard Systems, Nice S.p.A., Magnetic Autocontrol GmbH, RIB Srl, and Omnitec Group, among others.
For the purpose of this report, the Global Automated Barriers and Bollards Market has been segmented on the basis of type, application, and region:
Type Outlook Revenue, USD Billion; 2017-2027
- Push Button
- Remote Controlled
- RFID Tags Reader
- Loop Detectors
- Others
Application Outlook Revenue, USD Billion; 2017-2027
- Residential
- Commercial
- Industrial
Regional Outlook Revenue, USD Billion; 2017-2027
- North America
- U.S.
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Automated Barriers And Bollards Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Automated Barriers And Bollards market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Automated Barriers and Bollards Market Segmentation & Impact Analysis
Chapter 5. Automated Barriers and Bollards Market By Type Insights & Trends
Chapter 6. Automated Barriers and Bollards Market By Application Insights & Trends
Chapter 7. Automated Barriers and Bollards Market Regional Outlook
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
Companies Mentioned
- 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
- RIB Srl.
