Automated Barriers and Bollards Industry Trends, Share, Analysis and Forecast for Global Industry 2018-2025
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(EMAILWIRE.COM, April 11, 2018 ) Automated Barriers and Bollards Market to 2025 - Global Analysis and Forecasts by Product Type (Push Button, Remote Controlled, RFID Tags Reader, Loop Detectors, and Others) and End-use Vertical (Residential, Commercial, and Industrial)
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Automated Barriers and Bollards market is expected to grow US$ 1.80 billion by 2025 from US$ 1.26 billion in 2015. Municipalities in many cities are also in the process of adopting smart parking systems for better parking and 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 in the near future, as approximately 60% of the world's population will be living in urban areas by then. Thus, this factor is expected to boost the boom barriers and bollards market globally.
The global market for automated barriers and bollards market exhibit mediocre growth in near future. Some of the major driving factors contributing to the market growth are rising roadways construction and the number of toll booth in developed as well as developing countries, as well as growth in the implementation of smart city programs and ANPR penetration. However, high cost and low consumer awareness, and interoperability and system integration issues are some of restraining factors behind slow growth of boom barriers and bollards market during the forecast period.
Automated barriers and bollards market by end-user vertical is segmented into residential, commercial and industrial. The increasing investments into new infrastructure development in the developing countries across the globe, as well as the restructuring of ageing infrastructure of developed countries has resulted in increased demand for automated barriers and bollards by the commercial end-use vertical.
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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the automated barriers and bollards industry.
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Automated Barriers and Bollards market is expected to grow US$ 1.80 billion by 2025 from US$ 1.26 billion in 2015. Municipalities in many cities are also in the process of adopting smart parking systems for better parking and 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 in the near future, as approximately 60% of the world's population will be living in urban areas by then. Thus, this factor is expected to boost the boom barriers and bollards market globally.
The global market for automated barriers and bollards market exhibit mediocre growth in near future. Some of the major driving factors contributing to the market growth are rising roadways construction and the number of toll booth in developed as well as developing countries, as well as growth in the implementation of smart city programs and ANPR penetration. However, high cost and low consumer awareness, and interoperability and system integration issues are some of restraining factors behind slow growth of boom barriers and bollards market during the forecast period.
Automated barriers and bollards market by end-user vertical is segmented into residential, commercial and industrial. The increasing investments into new infrastructure development in the developing countries across the globe, as well as the restructuring of ageing infrastructure of developed countries has resulted in increased demand for automated barriers and bollards by the commercial end-use vertical.
Browse Detailed TOC, Tables, Figures, Charts and Companies @ http://www.reportsweb.com/automated-barriers-and-bollards-market
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the automated barriers and bollards industry.
About ReportsWeb:
ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
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Rajat Sahni
Tel: +1-646-491-9876
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results