DataBank: Gate Operator Industry Slow to Rebound
The vehicle entrance control market hasn’t exactly come crashing down during the extended recessionary period, but revenues in the Americas and elsewhere remain under heavy pressure. According to IMS Research, global revenues for gate automation equipment will dip to about $805 million in 2010, which comes on the heels of a 7-percent decline in 2009. With the residential space hardest hit, a recovery in the Americas is not expected until 2012. To learn more about these opinions, click here.
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