The Europe Automated Barriers and Bollards Market is expected to grow from USD 2,406.9 Million in 2021 to USD 3223.65 Million by 2030, at a CAGR of 3.35% during the forecast period. Rise in roadways construction due to urbanization, increase in number of toll booths in developed as well as developing countries, emergence of several smart city programs, rise in demand of Automatic Number Plate Recognition (ANPR) technology for vehicle surveillance and need for better crowd and parking management solutions, for preventing unauthorized access, e.g. avoiding burglars and thieves from entering into the property are some of the driving factors of the market.
High cost of deployment, maintenance repair and lack of awareness regarding Europe Automated Barriers and bollards may restrain the growth of the Europe Automated Barriers and Bollards market.
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Top Lading Players: Automatic Systems, Avon Barrier Corporation Ltd, CAME S.p.A, Houston System Inc., LA BARRIRE AUTOMATIQUE, MACS Automated Bollard Systems, Magnetic Autocontrol GmbH, Nice S.p.A, Omnitec Group, and RIB Srl, among others.
Some Key Highlights from the Report:
- The Europe Automated Barriers and Bollards market is segmented by application into residential, commercial and industrial.
- The market for commercial application leads the market, with a market share of approx. USD 829.9 million, in the forecast year, and is driven by the rise in the number of shopping malls, hospitals, office building, toll plazas etc.
- The Europe Automated Barriers and Bollards Market is segmented by Geography into North, America, Europe, Asia Pacific, Middle East Africa and Latin America.
- APAC is expected to have the highest growth in the market, with a CAGR of 4.56% in the forecast year, due to increasing urbanization and growth in the construction industry.
- However, Europe is the leading segment for this market, with a market share of aprox. USD 579 million in the forecast year.
Segments covered in the report:
Europe Automated Barriers and Bollards Market by type (Revenue, USD Billion; 2019-2030)
- Push Button
- Remote Controlled
- RFID Tags Reader
- Loop Detectors
- Others
Europe Automated Barriers and Bollards Market by applications (Revenue, USD Billion; 2019-2030)
- Residential
- Commercial
- Industrial
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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