The Remote Controlled Automated Barriers and Bollards Market is expected to grow from USD 1.63 Billion in 2020 to USD 2.06 Billion by 2030, 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 Remote Controlled Automated Barriers and Bollards may restrain the growth of the Remote Controlled Automated Barriers and Bollards market.
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Key participants include Key players with in Remote Controlled 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.
Further key findings from the report suggest
- The Remote Controlled 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 Remote Controlled 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 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.
Remote Controlled Automated Barriers and Bollards Market by type (Revenue, USD Billion; 2018-2030)
- Push Button
- Remote Controlled
- RFID Tags Reader
- Loop Detectors
- Others
Remote Controlled Automated Barriers and Bollards Market by applications (Revenue, USD Billion; 2018-2030)
- Residential
- Commercial
- Industrial
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Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers detail about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.
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