Automated barrier & bollards restrict the entry of vehicles, and are used to prevent vehicles from ramming and intrusions. Automated barrier & bollards are physical barriers, which can be completely retracted and used to guide and control traffic. They are also used in applications ranging from parking lots to tollways.
Demand for public safety and security in commercial and public areas has led to the adoption of automated barrier & bollards. Bollards effectively safeguard and protect pedestrian and reduces accidents. Automated barrier & bollards are being adopted to control traffic and congestion in cities, and in secured areas, along the highway. Rise in demand for parking management solutions and to stop unauthorized entry are anticipated to fuel the demand for automated barriers & bollards.
Developing countries are investing in infrastructure development to drive economic growth. Systematic city planning and infrastructure is fueling the demand for automated barriers and bollards. Trends, such as smart city programs for sustainable development are expected to drive the automated barrier & bollards market. Investments in road development with rise in the number of tolls and advent of electronic tolling systems are estimated to propel the growth of the global automated barrier & bollards market.
The global automated barriers and bollards market and the market is poised to grow by USD 294.5 million during 2019-2023 at a CAGR of over 4% during the forecast period.
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