Automatic Vehicle Barrier Gate Market: Current Analysis and Forecast (2024-2032)
Emphasis on Resin Type (Polyester, Vinyl Ester, Epoxy, and Others); End-Use (Marine, Transportation, Construction, Wind Energy, and Others); Region/Country.
Automatic Vehicle Barrier Gate Market Size & Forecast
The Automatic Vehicle Barrier Gate Market was valued at USD 5.31 billion in 2023 and is expected to grow at a robust CAGR of around 9% during the forecast period (2024-2032) driven by the increasing demand for cost-effective management solutions in traffic, infrastructure development, and urbanization.
Automatic Vehicle Barrier Gate Market Analysis
The Automatic Vehicle Barrier Gate Market is witnessing steady growth within the forecast period. The rise in demand for advanced traffic control solutions and continuing infrastructure development is a key factor driving market growth, as well as adoption of automated systems into residential, commercial, and industrial arenas. Further, both the governments and private organizations are heavily investing in smart infrastructure projects and this effectively caused a rising demand for automated barrier gates at toll plazas, parking lots, and restricted access points. Technological developments have speeded up the growth of the market as some manufacturers add IoT, AI, and remote monitoring capabilities to their barrier gate systems; these show improvements in security, efficiency, and user conveniences. For instance, in July 2022, Hikvision introduced of Smart Boom Barrier solutions in India for the purpose of security and efficiency improvement in their toll plazas and housing complexes. The solutions include the DS-TMG51X series for premium applications and DS-TMG4BX series for economy grade applications. Adjustable speeds, high protection levels (IP54), multiple control modes, and anti-condensation features must be added to these barriers to become reliable in different environments. The DS-TMG51X is ideally suited for traffic management at toll booths, residential communities, and other such places. The shift towards smart cities and automated infrastructure has prompted manufacturers to innovate. To add to this, the rising trend of e-commerce sales of barrier gate systems throws the overall growth space for potential online channels as chief platforms for product distribution. Improved logistics and digital networks are given detailed attention by retailers to fulfill consumer demand over smart access control solutions.
Automatic Vehicle Barrier Gate Market Trends
IoT-Enabled Barrier Systems
Smart specifications coupled with the revolutionized technology of Internet of things (IoT) have started being deployed into automatic vehicle barrier gates, this is seen as a way of currently reinventing access control and traffic management. IoT-enabled systems make barrier gates more efficient, secure, and intelligent by enhancing remote monitoring and real-time diagnostics and enabling predictive maintenance. For instance,
In April 2023, CAME, the Italian lead in automation and security solutions, GARD LS4 is an automatic barrier that has been launched for urban mobility improvement. The opening time of the GARD LS4 ranges from 2 to 4 seconds depending on boom length and gives room for optimal traffic flow at busy spaces such as public car parks, within residential complexes and corporate facilities. The equipment installed with the GARD LS4 has Advanced Speed Control and a 24V operator with Encoder technology, which guarantees rapid opening and closing movements with care for the preservation of mechanical components and prolonging system life.
North America Dominated the Automatic Vehicle Barrier Gate Market
The North America automatic vehicle barrier gate market is expected to dominate in the forecast period. The major factors contributing to the growth of the market are the growing urbanization and rising consciousness towards the seamless transportation system in the region. The growing demand for advanced technology barrier gate systems in applications like toll plazas, commercial parking areas, gated residential communities has been created due to robust infrastructure development and increased investments in smart city projects. Among others, prominent drivers of the market include the adoption of IoT-enabled and AI-integrated systems for security and better operational efficiency. Furthermore, the increase in public department initiatives and investment in infrastructure has broadened the boundaries of market expansion. Examples include the investment by the U.S. Department of Transportation, which is ongoing, in modernizing tolling systems, including attaching smart barrier gates with RFID technology and vehicle detection sensors to enhance traffic flow and reduce congestion at toll plazas. The increase in the usage of solar-powered barrier gates demonstrates the thrust of the region towards sustainable solutions. Energy-efficient gate systems powered by solar and fitted with LEDs are also manageable by companies like FAAC and CAME Group for green projects in North America.
Automatic Vehicle Barrier Gate Market Overview
The automatic vehicle barrier gate market is competitive and concentrated, with few global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some major players operating in the market are FAAC Technologies, Nice S.p.A., BFT S.P.A, Automatic systems, Avon Barrier Corporation Ltd, Q SAQ Inc, Houston Systems Private Limited, Frontier Pitts Ltd., Parking BOXX, and JIESHUN.
Automatic Vehicle Barrier Gate Market News
In May 2024, LiftMaster launched the TECHNA Barrier Gate Operators which were purposefully built to incorporate access control to a variety of applications such as parking facilities and gated entries. A powerful 24V DC motor allows smooth and fast action, with an average opening or closing time of around 2.5 seconds. The gate is made of lightweight aluminum alloy but corrosion resistant, quickly and easily installed, and purposely engineered for durable service application. The TECHNA series also features some advanced safety constructs-including built-in obstruction sensing and magnetic limit sensors, which boost both safety and operational efficiency.
Automatic Vehicle Barrier Gate Market Report Coverage
Report Attribute | Details |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of 9% |
Market size 2023 | USD 5.31 billion |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | North America dominated the market in 2023 |
Key countries covered | The US, Canada, Germany, The UK, Spain, Italy, France, China, Japan, and India |
Companies profiled | FAAC Technologies, Nice S.p.A., BFT S.P.A, Automatic systems, Avon Barrier Corporation Ltd, Q SAQ Inc, Houston Systems Private Limited, Frontier Pitts Ltd., Parking BOXX, and JIESHUN. |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Type, By Application, and By Region/Country |
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The global automatic vehicle barrier gate market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Automatic Vehicle Barrier Gate Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automatic vehicle barrier gate market were the three major steps undertaken to create and analyze the adoption of automatic vehicle barrier gate in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automatic vehicle barrier gate market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automatic vehicle barrier gate through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automatic vehicle barrier gate market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of automatic vehicle barrier gate. Further, we conducted factor analysis using dependent and independent variables such as type and application of the automatic vehicle barrier gate market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automatic vehicle barrier gate market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automatic vehicle barrier gate market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the automatic vehicle barrier gate market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global automatic vehicle barrier gate market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automatic vehicle barrier gate market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type and application in the global automatic vehicle barrier gate market.
The main objective of the Global Automatic Vehicle Barrier Gate Market Study
The current & future market trends of the global automatic vehicle barrier gate market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of the automatic vehicle barrier gate market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
Segments in the study include areas of the type and application.
Define and analysis of the regulatory framework for the automatic vehicle barrier gate
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
Analyze the current and forecast market size of the automatic vehicle barrier gate market for the major region.
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
Company profiles of the automatic vehicle barrier gate market and the growth strategies adopted by the market players to sustain in the fast-growing market.
Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the automatic vehicle barrier gate market?
The automatic vehicle barrier gate market was valued at USD 5.31 billion in 2023 and is expected to grow at a CAGR of 9% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the automatic vehicle barrier gate market?
The increasing demand for cost-effective management solutions in traffic, infrastructure development, and urbanization has primarily driven the automatic vehicle barrier gate market.
Q3: Which segment has the largest automatic vehicle barrier gate market share by Type?
The straight segment has the largest automatic vehicle barrier gate market share by Type.
Q4: What are the emerging technologies and trends in the automatic vehicle barrier gate market?
The IoT-Enabled Barrier Systems is one of the significant trends in the automatic vehicle barrier gate market.
Q5: Which region will dominate the automatic vehicle barrier gate market?
North America is expected to dominate the market during the forecast period.
Related Reports
Customers who bought this item also bought
India 3PL Market: Current Analysis and Forecast (2024-2032)
Emphasis on By Services (Domestic Transportation Management, International Transportation Management, Value-Added Warehousing and Distribution); By End User (Automobile, Chemical, Construction, Consumer Retail, Energy, Manufacturing, Life Sciences and Healthcare, Technology, and Others), and Regions (North India, East India, West India, and South India)
November 5, 2024
