Global Automatic Gate Opening System Market to Reach $5.1 Billion by 2030
The global market for Automatic Gate Opening System estimated at US$3.5 Billion in the year 2023, is expected to reach US$5.1 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Sliding Gate Opening System, one of the segments analyzed in the report, is expected to record a 7% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Swinging Gate Opening System segment is estimated at 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 5.5% CAGR
The Automatic Gate Opening System market in the U.S. is estimated at US$1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$895.8 Million by the year 2030 trailing a CAGR of 5.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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