Overview of the global automatic boom barrier market

The global automatic boom barrier market is anticipated to grow at a CAGR of more than 14% during the forecast period. The increasing development of smart cities will drive the prospects for the global automatic boom barrier market growth for the next few years. The UNECE Committee on Housing and Land Management introduced the “smart city” project. One of the primary objectives of this project is to ensure sustainable urban development in developing countries and transition economies. In general, the goal of smart cities is to integrate the internet of things (IoT) and information and communications technology (ICT) with the urban infrastructure. Another major aim of the planning is to improve the efficiency of urban services. Such objectives lead to an increase in infrastructural planning and project. Such infrastructural projects focus on the planning, designing, and construction of technologically advanced infrastructure, buildings, and other structures.  Moreover, with the increasing number of new construction buildings, the demand for security systems like automatic boom barriers will also increase the automatic boom barrier market size.

The increasing construction activities of smart parking systems will drive the growth prospects for the global automatic boom barrier market during the forecast period.  The smart vehicle parking system helps drivers to find a parking space at a minimal cost and effort. One of the major factors that drive the market’s growth is the integration of sensors, apps, smart parking meters, and mobile phone automated payment systems, which allow drivers to reserve the parking slot in advance. Also, the infrastructure equipped with radio-frequency identification (RFID) can identify vehicles that are not allowed to enter the parking areas if they are not registered in the system.

Competitive landscape and key vendors

The global automatic boom barrier market is highly fragmented due to the presence of several small and medium-sized players. To gain market shares, the private labels are focusing on increasing their sales by launching automatic boom barriers at lower prices. Also, these vendors can produce equipment that requires low technical knowledge and expertise. Furthermore, to sustain themselves in the market and gain maximum automatic boom barrier market share, vendors stay abreast of emerging technologies to develop innovative products.

Key vendors in this market are 

• AG Secure
• Avon Barrier
• BGI Barriers
• CAME
• Centurion Systems
• FAAC
• Frontier Pitts
• Honeywell
• Houston Systems
• IER
• Mega Regent International
• MonoQue
• Omnitec
• Perimeter Protection
• Quiko Italy
• The Nice
• Toshi
• ZKTeco

Segmentation by application and analysis of the automatic boom barrier market

• Security management
• Parking management
• Traffic management
• Tool booth

The security management segment in the automatic boom barriers market accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors that contribute to this segment’s growth is the increasing construction of new roads on a global level. Also, the integration of features such as the RFID, biometric sensors, proximity cards, remote control, RFID vehicle identification tags, keypads, tokens, or coin machines, will increase the demand for automatic boom barrier for security purposes.

Segmentation by geography and analysis of the automatic boom barrier market

• APAC
• Europe
• North America
• ROW

In 2015, Europe accounted for the maximum market share during 2015 and will continue to grow until the end of 2020. One of the major factors that fuel this market’s growth is the rising demand for the construction of new offices, industrial buildings, and commercial premises due to the increasing foreign direct investment (FDI) projects in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automatic boom barrier market?
• What are the key market trends impacting the growth of the global automatic boom barrier market?
• What are the challenges to market growth?
• Who are the key vendors in the global automatic boom barrier market?
• What are the market opportunities and threats faced by the vendors in the global automatic boom barrier market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global automatic boom barrier market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Intelligent Transport System Market 2016-2020
• Global IOT Market in the Transportation Sector 2016-2020
• Traffic Safety Products Market in the US 2016-2020
• Global Commercial Vehicle Driver State Monitoring System Market 2016-2020