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Pedestrian Entrance Control Equipment Market Report Overview
global pedestrian entrance control equipment market size was USD 905.4 million in 2019 and market to touch USD 1301.28 million by 2032 at CAGR 3.7% during the forecast period.
Pedestrian entrance control equipment includes a diverse range of products and technologies designed for access control and security. This market comprises turnstiles, electronic gates, access card systems, biometric recognition devices, and smart access control software. These solutions find applications in a wide array of settings, from corporate offices, where they ensure secure employee access, to mass transit stations, where they manage passenger flows. Sporting venues, government buildings, and educational institutions also utilize these systems to enhance security and streamline visitor management. Advanced features like facial recognition and touchless access have further expanded the utility of pedestrian entrance control equipment in today's evolving security landscape.
The market is experiencing substantial growth due to several key factors. First and foremost, the rising global emphasis on security and the need to mitigate security threats have fueled demand for these systems. Additionally, urbanization and the increasing concentration of people in cities have intensified the requirement for efficient crowd management in public spaces, transportation hubs, and commercial buildings. Furthermore, technological advancements, such as biometric authentication and IoT integration, are making these systems more versatile and user-friendly, thus attracting a broader range of industries seeking reliable access control solutions. These converging factors are propelling the growth of the market.
COVID-19 Impact: Pandemic Disrupts Supply Chains that Caused Project Delays, Impacting Market's Short-Term Growth
The COVID-19 pandemic has been unprecedented and staggering, with pedestrian entrance control equipment market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic has had a significant impact on the equipment market. In response to the health crisis, there has been an increased focus on hygiene and social distancing, which has driven demand for touchless access control solutions, like contactless card readers and facial recognition systems. Moreover, the need for strict crowd management and health screenings at public venues and transportation hubs has led to the adoption of advanced entrance control technologies to ensure compliance with safety measures. However, the pandemic also posed challenges as it disrupted supply chains and caused project delays in various industries, impacting the market's growth in the short term. Many organizations and facilities had to reevaluate their access control strategies to accommodate changing health protocols. Overall, the pandemic accelerated the shift towards more advanced, health-conscious entrance control solutions, reshaping the market's landscape.
Latest Trends
"Rapid Adoption Of AI And Machine Learning Technologies A Notable Trend In The Market"
A notable trend in the pedestrian entrance control equipment industry is the rapid adoption of AI and machine learning technologies. Leading companies are launching innovative products that leverage these technologies to enhance security and convenience. New facial recognition systems are being introduced, allowing for seamless, touchless access control. These systems not only provide a high level of security but also adapt to user behavior and preferences, optimizing the access experience. Moreover, industry leaders are focusing on cloud-based solutions that offer remote monitoring and control, providing real-time data insights and improving operational efficiency. Companies like Kaba AG and dormakaba are at the forefront of these advancements, constantly developing cutting-edge entrance control equipment with an emphasis on user-friendly interfaces and enhanced connectivity. This trend signifies a shift towards more intelligent and adaptable solutions in the equipment market.
Pedestrian Entrance Control Equipment Market Segmentation
- By Type
Depending on the market given are types: speed gates, waist-high/tripod turnstile, half/full height turnstile & others.
The Speed Gates type will capture the maximum market share through 2032.
- By Application
The market is divided into office building/factory, commercial, transport & others based on application.
The market players in cover segment like Office Building/Factory will dominate the market share during 2032.
Driving Factors
"Increasing Emphasis On Security to Drive Growth In The Market"
One of the key driving factors for the pedestrian entrance control equipment market growth is the increasing emphasis on security and safety across various sectors. In an era marked by growing security concerns, the need for robust access control solutions has become paramount. Industries like transportation, healthcare, and critical infrastructure facilities are recognizing the importance of securing their premises against unauthorized access, terrorism threats, and data breaches. This heightened awareness has spurred the adoption of advanced access control technologies, including biometrics, RFID, and IoT integration. As organizations and institutions prioritize security, the demand for pedestrian entrance control equipment continues to rise, driving market growth.
"Increasing Need For Crowd Management to Fuel Market Growth"
Another significant driver of the market's growth is the increasing need for crowd management and social distancing in public spaces. The COVID-19 pandemic has brought attention to the importance of controlling pedestrian flow in crowded areas to maintain public health and safety. As a result, businesses, transportation hubs, and entertainment venues are investing in access control solutions to enforce capacity limits and enable touchless access. These systems help prevent overcrowding, reduce the risk of virus transmission, and enhance overall visitor experience. The demand for such technologies is expected to persist even beyond the pandemic, ensuring sustained growth in the equipment market.
Restraining Factor
"High Initial Cost Of Implementing Advanced Access Control Systems to Hamper the Market"
One restraining factor impacting the market is the high initial cost of implementing advanced access control systems. These systems often involve significant capital expenditure for installation, integration, and maintenance. This financial barrier can deter smaller businesses and organizations from adopting cutting-edge technologies, limiting market expansion in certain segments. Additionally, economic uncertainties, particularly during global crises, can lead to budget constraints and delayed investment decisions. To mitigate this restraining factor, some companies are offering flexible financing options and cloud-based access control solutions, which reduce upfront costs and ongoing maintenance expenses, making advanced entrance control technology more accessible to a wider range of customers.
Pedestrian Entrance Control Equipment Market Regional Insights
"North America to dominate the Market Due To being a Hub for Innovation"
The leading region in the pedestrian entrance control equipment industry is North America. This region has consistently exhibited substantial market growth, primarily driven by stringent security regulations, technological advancements, and the increasing need for crowd management solutions. North America's well-established infrastructure, along with heightened security awareness, has propelled the adoption of advanced access control systems. Additionally, the region's commitment to integrating smart technologies into various sectors has further boosted pedestrian entrance control equipment market share. The demand for touchless access solutions in the wake of the COVID-19 pandemic has accelerated growth, making North America a pivotal hub for innovation and market expansion in the pedestrian entrance control equipment industry.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP PEDESTRIAN ENTRANCE CONTROL EQUIPMENT COMPANIES
- Gunnebo (Sweden)
- Boon Edam (Netherlands)
- Dormakaba (Switzerland)
- Magnetic Autocontrol (Germany)
- Alvarado Mfg (U.S.)
- PERCo (Russia)
- Jieshun (China)
- KONE (Finland)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 905.4 Million in 2019 |
Market Size Value By |
US$ 1301.28 Million by 2032 |
Growth Rate |
CAGR of 3.7% from 2019 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the pedestrian entrance control equipment market expected to touch by 2032?
The global pedestrian entrance control equipment market size is expected to reach USD 1301.28 million by 2032.
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What CAGR is the pedestrian entrance control equipment market expected to exhibit by 2032?
The pedestrian entrance control equipment market is expected to exhibit a CAGR of 3.7% by 2032.
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Which are the driving factors of the pedestrian entrance control equipment market?
The driving factors of the pedestrian entrance control equipment market are increasing emphasis on security and safety across various sectors and increasing need for crowd management and social distancing.
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Which are the key players or most dominating companies functioning in the pedestrian entrance control equipment market?
The dominating companies in the pedestrian entrance control equipment market are Gunnebo, Boon Edam, Dormakaba, Magnetic Autocontrol, and Alvarado Mfg.