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Global Automatic Boom Barrier Market to Grow at a CAGR of 14.49% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Automatic Boom Barrier Market 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 12/05/2016 -- Report forecast the global automatic boom barrier market to grow at a CAGR of 14.49% during the period 2016-2020.

Automatic boom barriers are majorly used for security management, especially at places that require high security. Boom barriers help keep track of the entry and exit of vehicles and preventing the entry of unauthorized vehicles. It is used in commercial, residential, industrial, and government buildings for security purposes. It is also used to control traffic at railway crossings, toll booths, drawbridges, and others. It comes in various shapes and sizes depending on the requirement at the places where it is used.

The report covers the present scenario and the growth prospects of the global automatic boom barrier market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of automatic boom barriers in the market.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

According to the report, there has been an increase in the construction of new roads, bridges, and other infrastructures in both developed and developing countries. Also, existing roads, bridges, and another infrastructure require frequent repairs. Around 18% of major roads in the US are in poor condition, and nearly around 24% of all bridges in the US are structurally deficient or functionally obsolete. So, to address this issue, the US Department of Transportation has selected over a dozen transportation projects that will receive funding for repairs.

Further, the report states that although automatic boom barriers are used for access control, it does not always provide high security as it can be easily broken with the impact from a moving vehicle. Additionally, it blocks the whole width of the road where it is installed, making it impossible for the pedestrians or cyclists to pass through even when only big vehicles are required to be checked for security purposes.

Global Automatic Boom Barrier Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automatic boom barrier market: 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, and ZKTeco.

Market driver
- Decreased oil prices boosting construction markets
- For a full, detailed list, view our report

Market challenge
- Alternative access control security solutions
- For a full, detailed list, view our report

Market trend
- Integration of boom barriers with other security systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 51 pages and 26 Exhibits "Global Automatic Boom Barrier Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-automatic-boom-barrier-market-2016-2020

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