Global Bollard Market - WishTree Insight

Global Bollard Market by Type (Remote Controlled, Push Button, Loop Detectors, and Others), Application (Commercial, Residential, and Industrial), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Bollard market size was valued at USD 2.4 billion in 2022 and is expected to surpass USD XX billion by 2032, expanding at a CAGR of 3.5 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing private-public partnerships (PPPs) to promote infrastructural development.

INTRODUCTION

Bollards are short, vertical posts that are typically made of steel, concrete, or wood, and are used to create a physical barrier or guide pedestrians and vehicles. They can be used to regulate vehicle and pedestrian traffic, protect buildings and pedestrians from vehicle impact, and define pedestrian spaces.

There are different types of bollards, depending on their function and design. Removable bollards, for example, can be easily removed to allow vehicles to pass through, while fixed bollards are permanent. Retractable bollards are also available, which can be raised or lowered as needed. Decorative bollards are also used in urban areas to enhance the aesthetics of a space.

Bollards are commonly used in a wide range of applications, including

• Traffic control in parking lots and garages
• Pedestrian safety in urban areas
• Defining the boundaries of bike lanes and pedestrian areas
• Securing restricted access areas, such as government buildings and airports

Overall, Bollards are an effective and versatile solution for traffic management and safety in various environments

Market Trends, Drivers, Restraints, and Opportunities

• Rising adoption of innovative technologies which integrates hardware and software in various sectors including traffic, road management, and construction is a key driver to bolster the market growth.
• Increasing utilization of automated solutions including wireless technologies is anticipated to fuel the market.
• Rising demand for barriers and bollards in residential, commercial, and industrial applications is expected to propel the global bollard market.
• Growing concerns regarding public safety and security in crowded commercial areas such as food courts, concerts, and theatres are driving the market.
• High deployment, maintenance, and repair costs are restraining factors in the market growth.

Scope of the Report

Market Segment Insights

The remote-controlled segment is projected to register a considerable CAGR

Based on type, the bollard market is divided into remote-controlled, push button, loop detectors, and others. The remote-controlled segment is expected to expand rapidly during the forecast period owing to the advantages of remote-controlled barriers and bollards such as height adjustments and integration with CCTV cameras.

The commercial segment is expected to expand at a rapid pace

Based on application, the bollard market is divided into commercial, residential, and industrial. The commercial segment is expected to expand at a rapid pace during the forecast period owing to the increasing adoption of advanced control systems and smart parking systems for parking and traffic management in major cities.

The Asia Pacific is anticipated to constitute a key market share

In terms of regions, the bollard market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is expected to constitute a key share of the market during the projected period owing to increasing road construction projects and smart city programs coupled with the growing adoption of electronic tolling systems. However, the market of North America is anticipated to expand at a rapid pace during the forecast period owing to the advantages of automated systems over manual one in ensuring authorized entry with help of RFID readers & access cards. Moreover, the market in Europe is expected to register a significantly fast revenue growth rate over the forecast period. The growth in the region is attributed to its strong network of toll roads and electronic toll connection system.

Competitive Landscape

Key players competing in the Bollard market are Hill Smith Holdings Plc (U.K.); Omnitec Group (UAE); Avon Barrier Corporation Ltd. (U.K); Hormann Group (Germany).

FAQs

Mention the market size of Bollard in 2022.

The market size of Bollard in 2022 was USD 2.4 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 3.5%.

What are the key drivers of the market?

The market's growth is attributed to the increasing private-public partnerships (PPPs) to promote infrastructural development.

What segments are covered in the Bollard report?

The segments covered in the report are type (remote-controlled, push button, loop detectors, and others), and application (commercial, residential, and industrial).

Mention which region is expected to hold the highest share of the Bollard market.

The Asia Pacific region is expected to hold the highest share of the Bollard market.

Which segment holds the largest market share in Bollard by 2032?

The commercial segment holds the largest market share in Bollard by 2032.

Mention the key players in the market.

Hill Smith Holdings Plc (U.K.); Omnitec Group (UAE); Avon Barrier Corporation Ltd. (U.K); Hormann Group (Germany)