Steel bollards Market to experience Huge Growth in Near Future 2028

A steel bollard is a small post generally installed to make a architectural or protective perimeter. When mountedbasically as a guide bollard, they help in guiding traffic and creating boundaries. Steel bollards are available in a broad range of styles and shapes to accentuate in their settings. Steel bollards are also installed to stop incursion of vehicle, protect property as well as to protect people. These steel bollards have decorative elements to complement landscapes, but the key purpose is confrontationof external impacts and forces. Bollards are manufactured from several materials depending upon their functions but most commonly, bollards are made using stone,metal, plastic as well as cement. Although, steel bollards are used to protect pedestrians, buildings and other equipment from forklift or vehicle collisions. Bollards are installed in a wide range of areas such as parking lots,storefronts, machinery protection,sidewalks, traffic sensitive areas and plant protection.

DYNAMICS:
Municipalities in many cities are also in the process of adopting smart parking systems for better parking and traffic management and sustainable growth.  Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking in the near future, as approximately 60% of the world’s population will be living in urban areas by then. Thus, this factor is predictable to boost the boom barriers and bollards market globally. The global market for automated barriers and bollards market display mediocre growth in near future. Some of the major driving factors contributing to the market growth are rising roadways construction and the number of toll booth in developed as well as developing countries, as well as growth in the completion of smart city programs and ANPR penetration.

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Though, high cost and low consumer awareness and interoperability and system integration issues are some of restraining factors behind slow growth of boom barriers and bollards market during the forecast period. The market for barrier systems is growing due to innovative development in the industrial sectors and the growth of the automotive and construction industries. Rising per capita income of the middle-class has increased their purchasing power, which has resulted in an increase in the number of vehicles and hence, new roads.

SEGMENTATION:

By APPLICATION: Parking Lots, Commercial Streets, In-Plant Protection, Traffic-Sensitive Area and Others

BY FINISH: Primed Bollards, Powder-Coated Bollards and Galvanized Bollards

By FIXTURE: Fixed Bollards and Mobile Bollards

PLAYERS:
Wickens, Ideal Shield, Innoplast, Dawn Enterprises, Calpipe Industries, Leda Security, Dynamic Products Corporation, Lindley Marinas and Markleen Terra.

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STEEL BOLLARDS MARKET END

 

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