Automated Barriers and Bollards Market to Grow at a CAGR of 4.1% to reach US$ 1.80 billion by 2025

The latest Automated Barriers and Bollards Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. Global automated barriers and bollards market is expected to grow from US$ 1.26 billion in 2016 to US$ 1.80 billion by 2025 at a CAGR of 4.1% between 2017 and 2025.

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. Some of the major driving factors contributing to the market growth are rising roadways construction and the number of toll booth in developed as well as developing countries, as well as growth in the implementation of smart city programs and ANPR penetration.

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022-2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Automated Barriers and Bollards market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Automated Barriers and Bollards market?
What are the prominent market trends influencing the development of the Automated Barriers and Bollards market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Automated Barriers and Bollards market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Automated Barriers and Bollards market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Automated Barriers and Bollards market segments and regions.

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Automated Barriers and Bollards Market Insights

Surge in number of toll collection centers across emerging economies

Several developing nations in APAC, South America and African region are witnessing rapid growth and modernization. There has been a huge development in roadways infrastructure along with the number of toll booths installation per year. In last few years, there is gradual rise in demand of vehicles, and with this the capacity of a toll booths has also increase swiftly. This demand will be fulfilled either by adding new toll lanes or by increasing the throughput of existing lanes. Along with deployment of new toll lanes, new boom barriers installation will also rise.

Emerging countries like China, India, Uganda, Cambodia are also making huge investment in roadways development. Recently, in the 2016-17 budget, the government of Uganda allocated more than US$ 1.07 Bn to improve transport infrastructure countrywide. Another country Cambodia has taken loan from Chinese government to construct the National Road 51 making an investment of US$ 40.88 Mn. Moreover, Chinese government is constructing 12-meter-wide road which will connects the National Road 5 to the National Road 4, expected to be completed in March 2020. Subsequently, driving the growth for automated barriers and bollards market in the coming years.                                                  

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Automated Barriers and Bollards Market - By Product Type

Push Button
Remote Controlled
RFID Tags Reader
Loop Detectors
Others

Automated Barriers and Bollards Market - By End-user Vertical

Residential
Commercial
Industrial

Automated Barriers and Bollards Market - Company Profiles

Automatic Systems
Avon Barrier Corporation Ltd
CAME S.p.A
Houston System Inc.
LA BARRIÈRE AUTOMATIQUE
MACS Automated Bollard Systems
Magnetic Autocontrol GmbH
Nice S.p.A
Omnitec Group
RIB Srl

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