Automated Barriers And Bollards Market To Reach USD 1.93 Billion At CAGR 2.98% By 2026

The major contributing factor for the growth of the market for Automated Barriers and Bollards can be the need for better crowd and parking management solutions, for preventing unauthorized access, e.g. avoiding burglars and thieves from entering into the property.

Market Size – USD 1.52 billion in 2018, Market Growth - CAGR of 2.98%, Market Trends – rising demand for IoT and IoT based products.

New York, March 7, 2019- The Automated Barriers and Bollards Market is expected to grow from USD 1.52 billion in 2018 to USD 1.93 billion by 2026, 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.

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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 aprox. USD 579 million in the forecast year.
• 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.

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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; 2018-2026)
• Push Button
• Remote Controlled
• RFID Tags Reader
• Loop Detectors
• Others
• Automated Barriers and Bollards Market by applications (Revenue, USD Billion; 2018-2026)
• Residential
• Commercial
• Industrial
•  Automated Barriers and Bollards Market Regional Outlook (Revenue, USD Billion; 2018-2026)

·          

• North America
• US
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• Japan
• India
• Middle East & Africa
• Latin America
• Brazil

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