Automated Barriers and Bollards Market Size (2024 - 2029)

Automated Barriers & Bollards Market Analysis

The Automated Barriers and Bollards Market is expected to register a CAGR of more than 4% during the forecast period of 2022-2027.

Several developing countries in the Asia Pacific, South America, and the African region are witnessing rapid growth and modernization. There has been a huge development in roadways infrastructure along with the number of toll booth installations every year. There is a gradual rise in the demand for vehicles, and with this, the capacity of toll booths has also increased swiftly. This demand will be fulfilled either by adding new toll lanes or by expanding the throughput of existing lanes. Along with the deployment of new toll lanes, new boom barrier installation will also grow.

Emerging countries like India, China, Uganda, and Cambodia are also making huge investments in roadways development. The fund allocated by the government of India for the Ministry of Road Transport and Highways has seen a 68% increase with USD 24.20 billion set aside for it in the Union Budget 2023. China has been a role model in developing highways and high-speed rail. As of 2021, the length of China's highways exceeded 169,100 kilometers. Subsequently, driving the growth of the automated barriers and bollards market in the forecast period.

For the global automated barriers and bollards market, the North American region is the hub of all technological advancements and developments in the automation field. The adoption of advanced tools & technologies for safety & security purposes has led to growth in the boom barriers and bollards installations by the residential sector and commercial sector.

COVID-19 affected the import and export of construction materials globally. China is one of the largest exporter of construction materials , COVID-19 impact has affected economy of China for both import and export of construction materials. The manufacturers and investors witnessed an excessively receding economic slowdown during the pandemic times. Decrease in consumer demand and consumption have led to the reduction and downtrodden sales of construction materials globally over COVID-19 period. Further to potential price increases, the difficulities to procure materials has inevitably slowed down the overall rate of progress on many construction projects.

Automated Barriers & Bollards Industry Segmentation

Automated Barriers and Bollards are gaining popularity because of developing concerns regarding public safety and security in crowded and industrial areas, for example, food courts, theaters, and shows. Boundary entryways are level shafts or bars turned to deal with the progression of vehicles by permitting or stopping the vehicle. Street construction has given an approach to mechanized boundaries to be introduced out and about (center or sideways) globally. Automated barriers and bollards products limitation of vehicle entry in multiple indoor and outdoor construction, for example, tollgates, high-security areas, parking areas of retail outlets, workplaces, hotels, and sports centers.

It also provides a comprehensive analysis of the Segmentation By Product (Push Button, Remote Controlled, RFID Tags Reader, Loop Detectors), By End-user (Residential, Commercial, Industrial), By Geography (North America, Europe, Asia-Pacific, Middle East & Africa and Rest of the world).

The report offers the market sizes and forecasts for the automated barriers and bollards market in value (USD) for all the above segments. Furthermore, the report also provides company profiles of leading market players to understand the competitive landscape of the market.