Authored By: Sarah
11 Jul 2024

 Automated Barriers And Bollards Market Size to grow by USD 349.1 million between 2024-2028

According to a research report “ Automated Barriers And Bollards Market” by Product (Boom barriers, Bollards) Geography (Europe, North America, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 349.1 million, at a CAGR of  4.5% during the forecast period. Automated barriers are integral components of electronic toll collection (ETC) systems, which are designed to streamline toll transactions on highways, bridges, and tollways. By automating the toll collection process, these systems minimize waiting times and eliminate the need for cash transactions. The system communicates with the automated barrier at tolling booths, raising it once an electronic payment has been processed. Transactions can be made using various methods, including micropayment cards, ETC transponders, or RFID smart cards, all of which can be conveniently recharged online.

Browse market data tables, figures, and in-depth TOC on “Automated Barriers And Bollards Market” by Product (Boom barriers, Bollards) Geography (Europe, North America, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Product, the Boom barriers segment is projected to dominate the market size in 2024

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By Geography, Europe  segment is expected to hold the largest market size for the year 2024

The Automated Barriers and Bollards market represents a significant growth opportunity for businesses seeking to enhance security and access control. These systems offer advanced features such as remote operation, automatic height adjustment, and integration with access control systems. The market is driven by increasing security concerns, infrastructure development, and growing demand for smart city projects. Companies investing in this sector can reap substantial returns through innovative product development and strategic partnerships.

Europe is forecasted to hold the largest market size by region in 2024

The Automated Barriers and Bollards market represents a significant growth opportunity for businesses seeking to enhance security and access control. These systems offer automated, efficient solutions for managing vehicle and pedestrian traffic, reducing manual labor costs and improving safety. Key market drivers include increasing security concerns, urbanization, and infrastructure development projects. Companies investing in Automated Barriers and Bollards can expect robust returns through enhanced security, streamlined traffic management, and long-term cost savings.

The Automated Barriers And Bollards Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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
  • Toshi Automatic Systems Pvt. Ltd.
.

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Research Analysis Overview

The Automated Barriers and Bollards market is witnessing significant growth due to increasing public safety concerns caused by drug-related activity, assaults, gang activity, and criminal activity. Rising crime rates have led to the demand for quick-functioning, automated solutions for securing residential buildings, theatres, malls, parking lots, toll booths, and other high-security applications. Steel barriers and bollards are essential components of this market, providing physical protection against unauthorized vehicular movement. Automated bollards are increasingly being adopted due to their ability to control access and improve security in various industries, including industrial, commercial, and residential. Automation features such as Loop Detectors, RFID Tags Reader, Remote Controlled, and Push Button are enhancing the functionality of these barriers and bollards. They are being used in various applications, including toll booth installations and roadways infrastructure, to manage vehicular movement efficiently and ensure safety. The market for automated barriers and bollards is expected to grow further as the need for advanced security solutions continues to increase. These solutions offer a cost-effective and reliable way to prevent traffic offenses, criminal activity, and other security threats.

Market Research Overview

The Automated Barriers and Bollards market is witnessing significant growth due to the increasing demand for ground-level protection in commercial infrastructures such as buildings, walls, and public infrastructure. This includes toll booth technology for infrastructure for highways, check barriers for housing societies and gated communities, and automated bollards for high-security applications in embassies, airports, military facilities, stadiums, offices, residential buildings, theatres, malls, and parking lots. Automation is a key trend in the market, with quick functioning automated bollards replacing manual barriers. The use of RFID technology, push button systems, loop detectors, and pressure sensors enable seamless and efficient vehicle management solutions. The market for automated barriers and bollards is driven by rising crime rates and public safety concerns in high-traffic areas, including tollgates, streets, and boundary entryways. The use of IOT-based automatic barriers, ANPR cameras, and e-payment options in smart cities and smart parking systems is also driving growth. The market for automated barriers and bollards includes various types of barriers such as aluminum, iron, and steel barriers. These barriers are used in various applications, including toll booth installations, roadways infrastructure, and industrial, commercial, and residential projects. The market is expected to grow further with the adoption of machine learning and artificial intelligence in vehicle management solutions, cashless transactions, and driverless vehicles. The market is also expected to benefit from increasing foreign direct investment inflows in infrastructure projects. In summary, the Automated Barriers and Bollards market is growing due to increasing demand for ground-level protection, automation, and public safety concerns in various commercial, industrial, and residential applications. The market is expected to continue growing with the adoption of advanced technologies and increasing infrastructure investments.

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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