Automated Barriers and Bollards 2027 Trends, in-Depth Assessment, New Strategies, Price, Future Roadmap and Key Players.

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. However, high cost and low consumer awareness, and interoperability and system integration issues are some of restraining factors behind slow growth of boom barriers and bollards market during the forecast period. The South America automated barriers and bollards market region is expected to witness a CAGR growth rate of 5.1% in the coming years.

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.

Growing awareness of security and safety across residential & commercial areas
Public safety these days has become one of the major concerns of government across the globe. The major reason behind the rising concern of public safety is burgeoning crime rates globally. Criminal activities such as serious traffic offences, assaults, gang activities and drug – related activities have been increasing and therefore, boom barrier installation in high traffic areas can be used to detect the vehicles involved in these activities, which makes it easier for the surveillance team to determine the convict. Therefore, rising concern regarding security and surveillance is considered to be one of the key factors driving the boom barrier and bollard market. Municipalities in many cities are also in the process of adopting smart parking systems for better parking and traffic management and sustainable growth. Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking in the near future, as approximately 60% of the world’s population will be living in urban areas by then. Thus, the rise in safety and security across commercial and residential spaces is expected to provide numerous profitable opportunities for the automated barriers and bollards market players in the coming years.

Automated Barriers and Bollards Market – Product Type Insight
In the global automated barriers and bollards market for the RFID tags reader segment by product type, RFID, Radio Frequency Identification refers to an auto identification technology that makes use of radio frequencies for identifying objects remotely. In a RFID integrated boom barrier, Electronic Product Code (EPC) is generated that contains encoded information referred as RFID tag. This tag can be easily read from a considerable distance and identify the vehicle entering the premises. An RFID enabled boom barrier is comparatively expensive but delivers better accuracy, speed, data transmission capabilities for longer ranges as well as reduces human intervention. This type of boom barrier is commonly used in residential complexes, office parking, industrial premises, and places where high security is required. Thus, the RFID tags reader segment by application for automated barriers and bollards market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.

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Leading Automated Barriers and Bollards Players:

  • 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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Key Elements that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the Automated Barriers and Bollards Market.
  • Key market trends cracking up the growth of the Automated Barriers and Bollards Market.
  • Challenges to market growth.
  • Key vendors of Automated Barriers and Bollards Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Automated Barriers and Bollards Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

 

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Posted by on Friday October 18 2019, 5:02 PM EST. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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