Automatic Gate Opening System Market is Expected to Register a Value CAGR Of 6.0% Over the Forecast Period 2018- 2026 - Persistence Market Research

NEW YORK, July 23, 2018 /PRNewswire/ --

Global Automatic Gate Opening System Market Growth Driven by Growing Demand for Automatic Barriers across Transportation and Residential Applications

Persistence Market Research delivers key insights on the global automatic gate opening system market in its latest report titled 'Automatic Gate Opening System Market: Global Industry Analysis 2013 - 2017 and Forecast 2018 - 2026.' The long-term outlook on the global automatic gate opening system market remains positive with the market value expected to increase at a CAGR of 6.0% during the forecast period (2018 - 2026). Among all segments classified on the basis of the form of gates, the overhead gates segment is expected to expand at a significant CAGR in terms of value over the forecast period. Global sales of automatic gate opening systems was valued at US$ 2,279.2 Mn by the end of 2017. Europe is estimated to account for a value share of 29.9% in the global automatic gate opening system market by 2018 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Persistence Market Research throws light on drivers and restraints likely to impact the market during the forecast period.

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A major factor driving the growth of the global automatic gate opening system market, in the present scenario, is the growth in construction activities and increasing infrastructure investments across the globe. Ease of handle and installation of automatic bollards, up gradation of production technology for automatic gates, growing demand for automatic barriers across transportation and residential applications are other factors expected to boost the growth of the market.

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The global automatic gate opening system market is also expected to face some challenges. The installation of automatic gates is not particularly easy and owners opt for different styles of gates - automation type gates, gates made of different materials with different ways of opening. Automatic gates, as compared to simple gates, possess complex designs in order to work efficiently and effectively in every manner. On the other hand, automatic gates require significant investments as compared to simple ones, owing to the various electrical, electronic and mechanical parts integrated with former gates. The proper study of the site where the gates need to be installed along with requirement of skilled labours are the prime pricing factors that lead to the high cost of gates.