Saudi Arabia Automated Barrier and Bollard Market Future Outlook
Saudi Arabia’s automated barrier and bollard market size will generate an estimated revenue of USD 116.7 million in 2024 and USD 152.4 million in 2030 which is expected to witness a CAGR of 4.5% from 2024 to 2030. With the upcoming civil, commercial, and industrial construction projects under Vision 2030, there will be a huge demand for the crowd and traffic management system in Saudi Arabia.
Automated barrier and bollard systems have hydraulic and motor mechanisms that are integrated with radiofrequency identification (RFID) and a remote-control system to make a smart crowd and traffic management system.
The primary function of the automated barrier and bollard is to offer security, be quick, and minimize manual operation. The automated barrier and bollard can be useful in urban areas and can be helpful in collecting road tax quickly.
Moreover, Saudi Arabia is investing in industrial development, commercial sector expansion, new highway projects, and technology transformation, which will fuel the automated barrier and bollard market progress.