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
Read more >> https://newsvarsity.com/2019/09/03/global-automatic-gate-opening-system-market-growth-driven-by-growing-demand-for-automatic-barriers-across-transportation-and-residential-applications/
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