According to a new report published by Allied Market Research, titled, โAutomated Barriers and Bollards Market,” The automated barriers and bollards market size was valued at $1.4 billion in 2021, and is estimated to reach $2.1 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.
The market is mainly driven by rise in popularity of automated barriers and bollards, and rise in construction buildings and infrastructure. However, high cost involved in the installation and maintenance of automated barriers and bollards, and fluctuating cost of materials involved in their construction, constraints the automated barriers and bollards market growth.
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The automated barriers and bollards are vehicle management and security systems extensively used for residential and non-residential applications. Among these, the barriers segment accounted for the largest automated barriers and bollards market share in 2021, owing to its ease of use and low cost. Furthermore, the push button segment under the technology registered a higher revenue in 2021, owing to its wide scale usage. In addition, the market is analyzed among different end-user industry of automated barriers and bollards, which includes building complexes, and public infrastructure. In 2021, Europe dominated the global automated barriers and bollards market, in terms of revenue. Moreover, the market in Asia-Pacific is expected to grow with the highest CAGR. This is attributable to rise in construction of commercial buildings.
Rise in global population and rapid urbanization propels the growth of the building construction sector; thereby, driving demand in automated barriers and bollards market. Moreover, automated barriers and bollards outperforms the non-automated barriers and bollards, with respect to manageability of the system and ease of operation. This in turn leads to low operational cost in the long term. This is one of the major factors driving the demand for automated barriers and bollards over the non-automated systems.
Furthermore, on the basis of end-user industry, the building complexes segment is anticipated to grow rapidly during the forecast period, owing to increased urbanization.
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Key manufacturers in the market offer a wide range of products to sustain the harsh competition in the market. For instance, in July 2021, CAME S.p.A launched GARD GT4 and GT8 barriers. These barriers are highly durable, having an about 3 million cycles without failure can provide up to 300 cycles per hour to ensure service efficiency in high traffic environments.
However, various manufacturers in the automated barriers and bollards market had to stop their business in countries such as China, the U.S., and Europe, during the pandemic lockdown. This break directly impacted sales of automated barriers and bollards manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for automated barriers and bollards; and negatively influenced the growth of the market. After two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and there has been a rapid recovery amongst key players in the market.
Key companies profiled in the automated barriers and bollards market report include Avon Barrier Corporation Ltd., Bollorรฉ Group (Automatic Systems), CAME S.p.A, FAAC Group (Magnetic Autocontrol GmbH), Houston System Inc., La Barriรจre Automatique, Macs Automated Bollard Systems Ltd., Nice S.p.A, Omnitec Group, and RIB srl.
Key Findings of the Study
- The automated barriers and bollards market overview provides an extensive analysis of the current and emerging automated barriers and bollards market trends and dynamics.
- By type, the barriers segment dominated the automated barriers and bollards market, in terms of revenue in 2021 and bollards is projected to grow at a significant CAGR during the forecast period.
- By technology, the push button segment registered higher revenue in 2021.
- By end-user industry, the building complexes segment is anticipated to grow at a higher CAGR during the forecast period.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the automated barriers and bollards are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the automated barriers and bollards industry.
- The report provides an extensive analysis of emerging opportunities of the automated barriers and bollards market opportunity.
- In-depth automated barriers and bollards market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
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