Published Date : Dec 19, 2016
ALBANY, NY, Dec 19, 2016: The report examines the opportunities prevalent in the global automatic boom barrier market and factors influencing its trajectory between 2016 and 2020. It is titled “Global Automatic Boom Barrier Market 2016-2020,” and is available for sale on the company website.
Compiled with the intent of helping stakeholders gain a better perspective of the market, the report includes exhaustive information sourced via primary and secondary research. Besides including data obtained from industrial sources, it contains insights from industry experts. The chapters dedicated to studying the competitive landscape, presents in-depth assessment of the various strategies adopted by the companies profiled and their contribution towards the market’s growth.
According to the report, the global automatic boom barrier market is projected to report a CAGR of more than 14% during the forecast period from 2016 to 2020. The rapid development of smart cities is creating lucrative prospects for the market worldwide. In general, the proliferation of smart cities is intended to integrate the information and communication technology (ICT) and Internet of Things (IoT). Smart cities are also aimed at improving the efficiency of urban services. The objective is thus to ensure better efficacy in infrastructural projects and planning. Moreover, the increasing construction activities and the rising demand for better security in motor vehicles will fuel the demand for automatic boom barriers.
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By application, the global automatic boom barrier market can be segmented into parking management, security management, tool booth, and traffic management. Of these, the security management segment reported the highest demand for automatic boom barriers in 2015. The segment is also expected to continue dominating the market through the course of the forecast period. The increasing construction of new roads will aid the growth of this segment.
Regionally, APAC, North America, Europe, and Rest of the World comprise the key segments in the global automatic boom barrier market. Among these regions, Europe held dominance in 2015. Growth witnessed in the region is expected to remain robust through the course of the forecast period. The increasing demand for the construction of new offices, commercial premises, and industrial buildings will aid the expansion of the automatic boom barrier market in Europe.
To study the market’s vendor landscape, the report profiles companies such as Avon Barriers, AG Secure, BGI Barriers, Centurion Systems, CAME, Frontier Pitts, FAAC, Houston Systems, Honeywell, Mega Regent International, Omnitec, MonoQue, Perimeter Protection, ZKTeco, and others. The presence of a large number of players has rendered the vendor landscape of the global automatic boom barrier market highly fragmented. In order to strengthen their position in the market, the private companies are focusing on launching newer models of automatic boom barriers are competitive pricing. Furthermore, to sustain themselves amidst cut-throat competition in the market, a majority of players focus on staying abreast of the latest in technology to be able to develop innovative products.
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