The global automated barriers and bollards market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.1 billion by 2031, at a CAGR of 3.3% during the forecast period.
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Key Players
- AUTOMATIC SYSTEMS (Belgium)
- Avon Barrier Corporation Ltd (UK)
- Came S.p.A. (Italy)
- Houston Systems Private Limited (India)
- LBA group (France)
- Macs Automated Bollard Systems Ltd (UK)
- Magnetic Autocontrol GmbH (Germany)
- Nice S.p.A. (Italy)
- Omnitec Group (UAE)
- RIB srl (Italy)
Global Automated Barriers and Bollards Market Segmentation
By Product Type
- Push Button
- Remote Controlled
- RFID Tags Reader
- Loop Detectors
- Others
By Application
- Residential
- Commercial
- Industrial
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Market Drivers and Trends
Public safety these days has become one of the major concerns of governments across the globe. The major reason behind the rising public safety concern is burgeoning crime rates globally. Criminal activities such as serious traffic offenses, assaults, gang, and drug-related offenses have increased. Therefore, barrier installation in high-traffic areas can be used to detect the vehicles involved in these activities, which makes it easier for the surveillance team to determine the convict. Therefore, rising concern regarding security and surveillance is considered a key factor is driving the boom barrier and bollard market. Municipalities in many cities are also adopting smart parking systems for better parking, traffic management, and sustainable growth. Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking shortly, as a large amount of the world’s population will be living in urban areas by then. Thus, the rise in safety and security across commercial and residential spaces is expected to provide numerous profitable opportunities for automated barriers and bollards market players in the coming years.
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