Farmington, May 11, 2023 (GLOBE NEWSWIRE) -- The Global Vehicle Straight Barrier Gate Market Is Expected To Grow From USD 1.02 Billion In 2022 To USD 1.81 Billion By 2030, At A CAGR Of 7.5% From 2023 To 2030. This market is growing because there is a growing need for security and safety systems in residential, commercial, and industrial settings, among other places. The growth of this market is also being aided by the growing trend of automation. The global Vehicle Barrier Gate market is split into straight gates and crank gates based on the form of gate. In 2018, the straight gate segment is expected to make up a larger share of the global Vehicle Barrier Gate market due to how simple it is to install and how little upkeep it needs. Based on where they are used, the global Vehicle Barrier Gate market is divided into three parts: residential, business, and industrial
Request Sample Copy of Report “Global Vehicle Straight Barrier Gate Market Size, Share & Trends Estimation Report By Type Outlook (Wired Control, Wireless Remote Control, Automatic), By Application Outlook (Residential, Commercial, Industrial), Region and Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook: The market is divided into three parts: direct control, wireless remote control, and automatic
Application Outlook
Residential
Vehicle barrier gates are commonly used in residential applications for restricting unauthorized entry into premises or parking lots as well as providing security against intruders attempting to break into a house through windows or doors while residents are away or asleep.
Commercial
In 2017, the commercial sector held a market share greater than 60.0%. In the commercial sector, which includes hotels, restaurants, and other establishments, the demand for vehicle barrier gates is anticipated to increase. This is because more money is being spent to facilitate commerce by constructing infrastructure and improving road connections.
Industrial
In the coming years, the industrial applicability is anticipated to expand significantly. This is because industries such as pharmaceuticals, food and beverage processing, and paper manufacturers are producing more goods. There are stringent regulations regarding workplace safety, which is anticipated to increase industrial demand for the product in the coming years.
Regional Analysis:
In North America, the growth is a result of more people purchasing and owning automobiles, the government making it simpler to install parking barriers on highways and roadside, and a high demand from commercial uses. In addition, technological advancements have aided manufacturers of barrier gates by providing them with improved security systems and noise-blocking materials. In Latin America, the parking barrier gate market will likely expand in the coming years. The large number of private players, the rising number of vehicle owners, the absence of an improved public transportation system, and the lack of adequate parking infrastructure all contribute to the likelihood of this region's growth.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 7.5% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 1.81 Billion |
| By Type |
|
| By Application |
|
| By Companies |
|
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Growth Factors: Since there are more automobiles on the road, traffic is worsening. This is because the global population is increasing, more people are migrating to urban areas, and in the majority of the world's major economies, more people are working. People are increasingly interested in safer car block gates. Without passing through these gates, unauthorized individuals cannot access locations such as parking lots, warehouses, and workplaces.
Key Segments Covered:
Top Market Players:
- FAAC
- Nice
- Came
- BFT
- Automatic Systems
- Avon Barrier
- TIBA Parking
- Parking Facilities
- ELKA
- Houston System
- Frontier Pitts
- Parking BOXX
- ACE
- Jieshun
- HongMen
- Keytop
- FUJICA
- Wejoin
- ETCP
- ANJUBAO
- REFORMER
- BlueCard
- GENVIVT
- Door Intelligent and others
By Type
- Wired Control
- Wireless Remote Control
- Automatic
By Application
- Residential
- Commercial
- Industrial
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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