Global Automated Barriers and Bollards Market Size study & Forecast, By Product (Push Button, Remote Controlled, RFID Tags Reader, Loop Detectors), By End-user (Residential, Commercial, Industrial), and Regional Analysis, 2022-2029

Global Automated Barriers and Bollards Market Size study & Forecast, By Product (Push Button, Remote Controlled, RFID Tags Reader, Loop Detectors), By End-user (Residential, Commercial, Industrial), and Regional Analysis, 2022-2029

Global Automated Barriers and Bollards Market is valued at approximately USD 1.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.3 % over the forecast period 2022-2029. Automated Barriers and Bollards are majorly used for smart parking including mechanized boundaries. Because of growing concerns about public safety and security in crowded and industrial areas, such as food courts, theatres, and shows, automated barriers and bollards are gaining popularity. Boundary entryways are level shafts or bars that are turned to deal with vehicle progression by allowing or stopping the vehicle. The Automated Barriers and Bollards market is expanding because of factors such as the rising government initiatives for smart cities and concern towards safe parking.

According to Construction World in August 2022, The Government of India's Smart Cities Mission (SCM), with a budget of approximately USD 59.8 billion promotes cities that provide core infrastructure and a decent quality of life for its citizens, a clean and sustainable environment, and the use of smart solutions. Whereas rising adoption and spending toward smart parking and growing development across roadways infrastructure create lucrative opportunities for the market. However, the threat of substitutes hampers market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automated Barriers and Bollards Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing government initiatives towards smart city projects and rising concerns about safe parking. Also, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing demand from end-users such as the commercial, residential and industrial sectors.

Major market players included in this report are:
Automatic System
Avon Barrier
Macs Automated Bollard System Ltd
Houston System Private Limited
Magnetic Autocontrol GmbH
Omnitec Group
Hill Smith Holdings Plc
Optima Technic
BFT Automation
Consel Group AG*

Recent Developments in the Market:
 In May 2022, Delta Scientific (which develops and manufactures vehicle access control equipment) announced that its DSC550 barrier, which can stop a 15,000 pound (66.7 Km) vehicle travelling 50 mph (80 kph), has just met the US Department of State's criteria for continuous operations of one million cycles.
In December 2021, McCue (a manufacturer of safety products) announced the release of the SafeStop Bollard 15. The SafeStop Bollard 15 absorbs and withstands impacts of up to 15,000 J, keeping people safe and facilities in good condition. These safety bollards improve workplace safety and, more importantly, keep people safe.

Global Automated Barriers and Bollards Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Push Button
Remote Controlled
RFID Tag Reader
Loop Detectors

By End-user:
Residential
Commercial
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Automatic System
Avon Barrier
Macs Automated Bollard System Ltd
Houston System Private Limited
Magnetic Autocontrol GmbH
Omnitec Group
Hill Smith Holdings Plc
Optima Technic
BFT Automation
Consel Group AG*

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