Report Code: A16044 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Bollard Market
Request Now !The bollard market is anticipated to register significant growth in the next few years. Bollard is used to guide traffic flow toward the best suited direction while allowing pedestrian access. Bollards are used to distinguish between different traffic lanes, such as cycle lanes, vehicle lanes, and pedestrian lanes. They play a key role in improving traffic efficiency and avoiding crashes. They can be used for asset protection and separation of construction zones. The increasing number of road projects across the globe has fueled the use of bollards, especially near toll collection booths for efficient diversion of traffic. The use of plastic bollards is especially preferred to divert traffic as it causes minimum damage to vehicles in case of a crash. And retractable bollards add the benefit of restricting and allowing the flow of vehicular traffic in an area as and when required. Major players in the industry are focusing on developing bollards that sturdy and economical.Â
Description
A bollard is a short post that h is primarily used for creating a protective perimeter. Bollards are multi-functional and can be used to guide vehicular traffic, pedestrians, and mark parking spots. They are mainly made of plastic, steel, or concrete according to requirements. They are also used to define an architectural perimeter in gardens. For use as architectural elements, bollards are available in a wide range of colors, shapes, styles, and sizes. The use of bollards in essential as separation of various types of traffic helps in reducing crashes.Â
COVID-19 Impact analysis
Top Impacting Factors
Increase in private-public partnerships (PPPs) to promote infrastructural development is one of the important driving factors for the plastic bollard market, as they are extensively used on toll collection facilities. Furthermore, bollards are multi-functional and can be used for traffic guidance as well as aesthetic purposes. Â Availability of bollards in various materials, shapes, and styles significantly increases their applicability. For instance, plastic bollards are extensively used for traffic management in tool booths, whereas metal or concrete are more effective in segregating vehicular, bicycle, and pedestrian traffic. However, the permanent bollards are installed in the pavement and can be damaged during reconstruction or maintenance activities of the road, thereby negatively impacting the growth of bollard market. Advancements in technology are expected to boost the economy and provide significant growth opportunities in the coming years. For instance, the development of retractable barriers enables the usage of space according to requirements.Â
Market Trends
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Bollard Market Report Highlights
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