Global Bollards Market Was 1837 Million USD In 2017
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Global Bollards market was 1837 million USD in 2017 and is projected to reach USD 3780 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 9.44% between 2017 and 2025. The market is mainly driven by commercial and residential. The key players are Calpipe Industries (Atkore), Marshalls, FAAC, ATG Access, APT Controls Group, Cogan, BEGA, Dumor, Forms+Surfaces, Glasdon, Atlantic Anti-Ram, Leda Security, Saferoads and so on.
Global bollards is showing a rapid growth at present owing to the rapid expansion of the security products coupled with increasing focus on bollards. Due to the frequent occurrence of traffic accidents and terrorist attacks, the demand for bollards is increasing, and the bollard market is showing a rapid growth stage.
The influx of new and innovative designs and the dependence of urban development on the bollards are among the major factors fueling the growth of the market. Moreover, the government’s awareness of safety has increased to further promote the development of bollards
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.