NEW
YORK, Aug. 5, 2024 /PRNewswire/ -- The global
automated barriers and bollards market size is estimated to
grow by USD 349.1 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 4.5% during the forecast period.
Increasing adoption of automatic tolling systems is driving
market growth, with a trend towards smart operation of
automated barriers and bollards via iot and cloud.
However, high costs associated with deployment and maintenance
of automated barriers and bollards poses a challenge. Key
market players include ATG Access Ltd., Auto Entry Systems,
Automatic Systems, Avon Barrier Corp. Ltd., BGI BARRIERS, CAME
URBACO SA, FAAC Spa, Frontier Pitts Ltd., Houston Systems Pvt.
Ltd., La Barriere Automatique, Macs Automated Bollard Systems Ltd.,
Nice SpA, Omnitec Group, Peak Rock Capital LLC, Perimeter
Protection Germany GmbH, Quiko Italy, RIB srl, and Toshi Automatic
Systems Pvt. Ltd..
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Automated Barriers
And Bollards Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.5%
|
Market growth
2024-2028
|
USD 349.1
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.23
|
Regional
analysis
|
Europe, North America,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
Europe at
32%
|
Key
countries
|
US, Italy, UK, Germany,
and China
|
Key companies
profiled
|
ATG Access Ltd., Auto
Entry Systems, Automatic Systems, Avon Barrier Corp. Ltd., BGI
BARRIERS, CAME URBACO SA, FAAC Spa, Frontier Pitts Ltd., Houston
Systems Pvt. Ltd., La Barriere Automatique, Macs Automated Bollard
Systems Ltd., Nice SpA, Omnitec Group, Peak Rock Capital LLC,
Perimeter Protection Germany GmbH, Quiko Italy, RIB srl, and Toshi
Automatic Systems Pvt. Ltd.
|
Market Driver
The Automated Barriers and Bollards market is witnessing
significant advancements due to the integration of Internet of
Things (IoT), data analytics, and cloud computing. Manufacturers,
such as CAME and Auto Entry Systems, are incorporating IoT-enabled
devices into their access control systems, offering remote control
and management capabilities. CAME's CAME Connect solution and Auto
Entry Systems' Coralan Cloud Management system allow end-users to
manage and modify access to areas in real-time, enhancing
convenience and efficiency. Additionally, these integrations enable
data collection and analysis, providing valuable insights to
optimize traffic management and minimize congestion, ultimately
improving transportation services.
The Automated Barriers and Bollards market is witnessing
significant growth due to increasing demand for vehicle management
solutions in various sectors. RFID technology is a key trend in
this market, enabling quick functioning and enhanced security in
theaters, government infrastructure projects, roads, bridges, and
walkways. Durability is a crucial factor, with steel, iron, and
aluminum barriers leading the way. Public safety concerns and
rising crime rates are driving the need for automation and quick
functioning in high-traffic areas. Automatic barriers, including
boom barriers and IOT-based systems, are popular choices for gated
communities, housing societies, and commercial infrastructures.
Manual barriers are being replaced with automation for fractional
demand applications like parking systems and checkpoints.
Infrastructure for highways, toll booth technology, and
ground-level protection are other significant areas of growth. ANPR
cameras, push buttons, RFID readers, and remote controls are
essential components of this market.
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Market Challenges
- Automated barriers and bollards offer enhanced security
solutions compared to manual alternatives. However, their higher
deployment costs, which can be 3-5 times more than manual barriers
for automated boom barriers, and significantly higher for automated
bollards, make them less attractive for some construction
contractors and building management operators. These costs include
not only the initial investment but also ongoing expenses such as
electricity, maintenance, and support. Periodic inspections,
hardware modernization, and upgrade costs further increase the
total cost of ownership. Neglecting regular maintenance can reduce
the effectiveness of the system. As a result, some end-users opt
for manual barriers or other substitutes like concrete roadblocks
to reduce infrastructure development costs. These factors may
impact the market growth of automated barriers and bollards during
the forecast period.
- The Automated Barriers and Bollards market is experiencing
significant growth due to the increasing demand for smart parking
systems in urban areas. With the advent of Internet of Things
(IoT), driverless vehicles, and smart cities, the need for
efficient and automated parking solutions is on the rise. Cashless
transactions and e-payment options are also driving market growth.
Artificial intelligence and machine learning technologies are being
integrated into these systems for enhanced security and
convenience. Infrastructure projects, FDI inflows, and commercial
developments in sectors like food courts, theaters, shows, and
retail outlets are creating new opportunities. Automated bollards
and toll booths are finding applications in high-security areas,
parking lots, and public infrastructure. RFID technology, loop
detectors, and push button systems are popular choices for
automating vehicular movement in various applications, including
parking areas, offices, hotels, sports centers, malls, residential
buildings, office spaces, stadiums, military facilities, airports,
and embassies. The pavement surface and building premises are also
being secured with automated bollards.
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Segment Overview
This automated barriers and bollards market report extensively
covers market segmentation by
- Product
- 1.1 Boom barriers
- 1.2 Bollards
- Geography
- 2.1 Europe
- 2.2 North America
- 2.3 APAC
- 2.4 Middle East and
Africa
- 2.5 South America
1.1 Boom barriers- The Automated Barriers and
Bollards market refers to the production and sale of mechanical or
electrically operated barriers and bollards used for access control
and security in various industries. These products provide
efficient and convenient solutions for managing vehicle and
pedestrian traffic, enhancing site safety, and regulating entry to
restricted areas. Companies in this market focus on innovation,
durability, and reliability to meet the evolving needs of
customers.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Automated Barriers and Bollards market encompasses a range
of access control systems designed to manage and secure vehicular
movement in various applications. These systems include Push Button
and Remote Controlled barriers, RFID Tag Readers, and Loop
Detectors. The market caters to Residential, Commercial, and
Industrial sectors, with roadways infrastructure and toll booth
installations being significant end-users. Automated bollards and
toll booths are essential components of these systems, ensuring
quick functioning and enhancing public safety concerns in the face
of rising crime rates and criminal activity. These systems are
increasingly being adopted in parking lots, malls, theatres,
residential buildings, and high-security applications to mitigate
traffic offenses, gang activity, assaults, and drug-related
activity. The market's growth is driven by the need for advanced
security solutions and the increasing demand for quick and
efficient vehicle access control systems. Steel barriers are a
popular choice due to their durability and strength, making them an
ideal solution for securing roadways and high-risk areas.
Market Research Overview
ai_research_analyst_overview
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Geography
-
- Europe
- North America
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio