The Automated Barriers and Bollards Market size is projected to reach US$ 2.5 billion by 2031 from US$ 1.75 billion in 2023. The market is expected to register a CAGR of 4.7% in 2023–2031. Increased adoption of Automated security posts is one recent trend in the industry. These posts offer a high level of security as well as convenience. These posts can get lowered or raised at very high speed, which helps in keeping unauthorized vehicles out and passing authorized vehicles in a vehicle chasing scenario.
Increased commercial construction and industrial growth are some of the factors that are driving the demand for automated barriers and bollards in developing economies. For instance, as per the data published by the Indian Government in 2024, India’s real estate is projected to reach US$ 5.8 trillion by 2047. In addition, the government of India is taking initiatives to attract foreign direct investments for development projects that include the development of townships, hotels, resorts, and hospitals, among others. Such growth in the construction sector is anticipated to create lucrative opportunities for the automated barriers and bollards market.
The commercial sector in the End-use industry is expected to acquire the largest share of the market owing to increased construction of the commercial sector as the number of companies across the globe is increasing owing to increased industrialization and urbanization. As per the data provided by the US Energy Information Administration in December 2020, the commercial floorspace in the US in 2012 was 80 billion square feet, in the number reached approximately 100 billion square feet in 2018. This shows increased commercial space across the globe. Thus, owing to increased commercial buildings across the globe, the demand for the commercial sector in the global automated barriers and bollards increased notably.
One of the primary benefits of the automated barriers and bollards is traffic control. These barriers are helpful for the government to provide controlled access to restricted areas and busy streets. By regulating the flow of traffic, these barriers aid in reducing congestion. In addition, with the installation of automated barriers and bollards, the government can provide access to emergency vehicles while keeping out the passenger vehicles.
As many developing economies across the globe are aggressively focusing on the development of highways, the number of toll collections is increasing rapidly, ultimately driving the automated barriers and bollards market across the globe. For instance, in March 2024, the Government of Newfoundland and Labrador announced highway construction projects for 2024-2025. To complete this project the government has invested approximately US$ 250 million. In addition, as per the data published by the Indian government in 2024, the road ministry of India is planning to construct over 12000 Km of road across the country. Such projects are expected to generate lucrative opportunities for automated barriers and bollards in the coming years.
Key segments that contributed to the derivation of the Automated Barriers and Bollards Market analysis are product type, end-use vertical, and end user.
The geographic scope of the Automated Barriers and Bollards Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific region is projected to witness the highest market share during the projected period due to continuous growth in the commercial and industrial sectors in the past few years. In addition, the region is projected to continue its strong growth during the forecast period owing to constant growth in the industrial sector. As per the data published by the World Bank in 2022, the value added of the manufacturing sector in GDP was 23.7% in 2017. However, the contribution increased to 24% in 2022. This shows the increasing industrial sector in Asia Pacific. Such increased growth in the region is driving the demand for the automated barriers and bollards market.
The regional trends and factors influencing the Automated Barriers and Bollards Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automated Barriers and Bollards Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.75 Billion |
| Market Size by 2031 | US$ 2.5 Billion |
| Global CAGR (2023 - 2031) | 4.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Automated Barriers and Bollards Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automated Barriers and Bollards Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Automated Barriers and Bollards Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automated barriers and bollards and strategies:
(Source: Eagle Automation Ltd, Press Release/Company Website/Newsletter, 2020)
The “Automated Barriers and Bollards Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: