Automatic Turnstiles Market Analysis By Type (Tripod turnstiles, Full-height turnstiles, Optical turnstiles, Waist-high turnstiles, Others), By Technology (RFID-based turnstiles, Biometric-based turnstiles, Barcode-based turnstiles, Others), By Mode of Operation (Manual turnstiles, Semi-automatic turnstiles, Fully automatic turnstiles), By Access Control (Controlled access turnstiles, Unrestricted access turnstiles), Application (Transportation, Commercial, Industrial, Residential, Others), End-user (Government and public institutions, Airports, Stadiums, Banks, Financial institutions, Others) & Forecast By 2033
- PUBLISHED ON
- 2023-05-10
- NO OF PAGES
- 259
- CATEGORY
- Electronics & Communication
Automatic Turnstiles Market size was valued at around USD 294.3 million in 2021 and expected to grow at a CAGR of 3.6% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 294.3 million |
Market Forecast in 2033 | USD 410.16 million |
CAGR % 2023-2033 | 3.6% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production and consumption data by countries, company sales, revenue, gross margin, pricing and production capacity |
Key Companies | Boon Edam, Automatic Systems, Gunnebo, Alvarado, Wanzl, Smarter Security, Cominfo, Turnstar Systems, Hayward Turnstiles, Kaba Group |
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the global automatic turnstiles market. With the outbreak of the virus, many countries have imposed restrictions on travel and public gatherings, which has led to a decline in demand for turnstiles in sectors such as transportation, hospitality, and entertainment.
However, the pandemic has also increased the need for automated access control systems to maintain social distancing and reduce the risk of infection. As a result, there has been a growing demand for contactless access control solutions that can be integrated with temperature screening and facial recognition technologies. This has driven the adoption of automatic turnstiles with advanced features such as touchless entry and exit, remote monitoring, and capacity management.
The pandemic has also created new opportunities for turnstile manufacturers to expand their business in sectors such as healthcare, education, and retail, where there is a growing demand for access control solutions to ensure the safety and security of employees and customers. Additionally, the increasing adoption of smart city initiatives and the need for advanced security solutions in public places are expected to further drive the growth of the automatic turnstiles market in the post-pandemic period.
Market Dynamics:
Drivers:
- Increasing demand for enhanced security: With the rising incidents of security breaches and terrorist attacks in public places such as airports, stadiums, and malls, there is a growing need for advanced security solutions. Automatic turnstiles provide an efficient and reliable access control system that can help prevent unauthorized access and improve security.
- Growing adoption of smart technology: The increasing adoption of smart city initiatives and the Internet of Things (IoT) has driven the demand for advanced access control solutions. Automatic turnstiles are integrated with smart technology such as facial recognition, RFID, and biometric identification, which enhances the security and efficiency of the access control system.
- Need for social distancing: The COVID-19 pandemic has increased the need for contactless access control solutions to maintain social distancing and reduce the risk of infection. Automatic turnstiles with touchless entry and exit, temperature screening, and remote monitoring features are in high demand.
- Increasing demand for automation: The need for automation in various industries such as transportation, healthcare, and retail is driving the demand for automatic turnstiles. These turnstiles are easy to install, operate, and maintain, and can help streamline the access control process.
- Growing urbanization: The increasing urbanization and the need for efficient crowd management in public places such as airports, metro stations, and malls are driving the demand for automatic turnstiles. These turnstiles can handle a large volume of traffic and help improve the overall efficiency of the access control system.
Restraints:
- High installation and maintenance costs: The initial installation costs of automatic turnstiles can be high, especially for systems that incorporate advanced features such as facial recognition and biometric identification. Additionally, ongoing maintenance costs can add up over time, which can be a challenge for small and medium-sized businesses.
- Limited flexibility: Automatic turnstiles can be less flexible than other access control solutions such as security guards. Turnstiles are limited in their ability to adjust to unique situations and may not be able to accommodate all individuals or objects.
- Dependence on power supply: Automatic turnstiles require a reliable power supply to operate efficiently. Power outages or interruptions can cause disruptions to the access control system, which can be a safety and security concern.
Regional Analysis:
North America: The North American market is one of the largest and most mature markets for automatic turnstiles, with the United States being a major contributor to the region's growth. The growth is driven by the high demand for advanced security solutions in various sectors such as transportation, government, and commercial buildings.
Europe: Europe is another significant market for automatic turnstiles, with countries such as the UK, Germany, and France driving growth. The region's growth is driven by the increasing adoption of smart technology and the need for advanced access control solutions in various sectors.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the automatic turnstiles market, driven by the increasing urbanization and the need for efficient crowd management solutions in public places. Countries such as China, Japan, and India are expected to be major contributors to the region's growth.
Latin America: The Latin American market is expected to witness moderate growth, driven by the increasing adoption of automated access control solutions in various sectors such as healthcare, hospitality, and transportation.
Middle East and Africa: The Middle East and Africa market is expected to witness significant growth, driven by the increasing need for enhanced security solutions in public places such as airports, stadiums, and malls. Countries such as Saudi Arabia, UAE, and South Africa are expected to be major contributors to the region's growth.
Competitive Landscape:
The global automatic turnstiles market is highly competitive, with several major players competing for market share.
- Boon Edam
- Automatic Systems
- Gunnebo
- Alvarado
- Wanzl
- Smarter Security
- Cominfo
- Turnstar Systems
- Hayward Turnstiles
- Kaba Group
These companies are constantly innovating and improving their products to stay ahead of the competition. They are also expanding their presence in different regions to cater to the growing demand for automatic turnstiles in various industries. The market is also seeing the entry of new players, which is further intensifying the competition.
The competition in the market is based on various factors such as product innovation, price, quality, and after-sales service. Companies are also investing in research and development to create new products that cater to the changing needs of customers. Additionally, partnerships and collaborations are also becoming common as companies seek to expand their reach and offer comprehensive solutions to their customers.
Overall, the global automatic turnstiles market is highly competitive, with a large number of players competing for market share. The competition is expected to intensify in the coming years as companies continue to innovate and expand their presence in different regions.
By Type:
• Tripod turnstiles
• Full-height turnstiles
• Optical turnstiles
• Waist-high turnstiles
• Others
By Technology:
• RFID-based turnstiles
• Biometric-based turnstiles
• Barcode-based turnstiles
• Others
By Mode of Operation:
• Manual turnstiles
• Semi-automatic turnstiles
• Fully automatic turnstiles
By Access Control:
• Controlled access turnstiles
• Unrestricted access turnstiles
Application:
• Transportation
• Commercial
• Industrial
• Residential
• Others
End-User:
• Government and public institutions
• Airports
• Stadiums
• Banks
• Financial institutions
• Others
Region
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global automatic turnstiles market size was valued at around USD 294.3 million in 2022 and expected to grow at a CAGR of 3.6% during the forecast period.
What are the drivers shaping various markets?
The increasing adoption of smart city initiatives and the Internet of Things (IoT) has driven the demand for advanced access control solutions. Automatic turnstiles are integrated with smart technology such as facial recognition, RFID, and biometric identification, which enhances the security and efficiency of the access control system.
Who are the key competitors of market Players?
Some of the major players operating within the market are Boon Edam, Automatic Systems, Gunnebo, Alvarado, Wanzl, Smarter Security, Cominfo, Turnstar Systems, Hayward Turnstiles, Kaba Group.
What are the top performing segments, and countries / regions of each of the markets?
The North American market is one of the largest and most mature markets for automatic turnstiles, with the United States being a major contributor to the region's growth.
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