The “Automated Barriers and Bollards Market to 2025 by Boom Barriers product type (Push Button, remote Controlled, RFID Tags Reader, Loop Detectors and others), and End-use Vertical (Residential, Commercial and Industrial) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of automated barriers and bollards market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant automated barriers and bollards players in the market and their key developments.
Rising government fund for infrastructure development will raise Automated Barriers and Bollards Market by 2025 with a CAGR of 4.07%.
Automated Barriers and Bollards Market to 2025 – Global Analysis and Forecast by Product Type and End-use Vertical, automated barriers and bollards market is expected to grow US$ 1.26 billion by 2025 from US$ 1.80 billion in 2015. Rising urbanization has put up pressures on the existing infrastructures of Tier 1 cities across the globe. Increasing population in the urban areas, increasing vehicular traffic have created demands for more safety & security as well as a more robust infrastructure that can suffice the ever-growing demands. Accessibility on roads in areas of high vehicular density, collection of tolls at toll booths, and vehicle parking at various locations have been the points of prime concerns. The conventional methods of hand-operated barriers operated by human personnel proved to be highly inefficient and time consuming.
The global Automated Barriers and Bollards Market by geography is segmented into five region including, North America, Europe, Asia Pacific, Middle East & Africa and South America. Currently, the boom barriers and bollards market is experiencing a high growth in APAC region on account of various new construction projects being undertaken in the countries as well as several government initiatives being implemented for the development of roads, tolls, highways, airports and ports. A subsequent rise in the hospitality industry is also providing much needed thrust to the market as various tourist attractions, hotels and airports are adopting the installations of boom barriers and bollards for safety & security purposes.
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.
The report focuses on an in-depth segmentation of this market based by boom barrier product type and end-use vertical. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-use vertical segment commercial sector accounted for the largest share of the automated boom barriers and bollards market in 2016; whereas APAC region is expected to grow at the highest CAGR during the forecast period.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.