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Automatic Gate Opening System Market Set to Witness an Uptick During 2016 - 2026
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Automatic Gate Opening System Market Dynamics
Increasing need for automation in industries combined with technological advancements in automatic gate opening systems is primarily increasing their adoption in industrial and commercial applications. Also road infrastructure development resulting in increased road transportation with the improvement in connectivity between cities and towns is also driving the growth of global automatic gate opening systems market.
Key players are integrating secondary components such as counters and tire killer in automatic gate opening systems providing additional applications which in turn is likely to increase their adoption over the forecast period.
High installation cost combined with high operating maintenance cost resulting in long payback period is primarily restraining the growth of global automatic gate opening systems market.
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Automatic Gate Opening System: Regional Outlook
Global Automatic Gate opening systems market is segmented into seven key regions namely North America, Latin America, Western and Eastern Europe, APEJ, MEA and Japan. By region, APEJ market is expected to represent a significant CAGR primarily due to increasing infrastructure development. Increase in the number of vehicles owing to increase in consumer spending is primarily driving the growth of Automatic Gate Opening Systems market in North America.
Automatic Gate Opening System Market: Key Players
Some of the major players in the Global Automatic Gate Opening Systems Market are
Came UK
RIB S.R.L.
Aleko Products
King Gates S.R.L.
Katres Automation
Proteco S.R.L.
Newturn Automation Pvt. Ltd.
FAAC Group
Somfy SA
Life Home Integration
ABA Automatic Gates & Doors
Nevosys Smart Home Systems
Beninca Group
Nortek Inc.
SOMMER Antriebs- und Funktechnik GmbH
Quiko Opening Solutions
Nice S.p.A.
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