A new report from IMS Research projects global revenues for rising bollards to grow at a compound annual growth rate of 4.4 percent from 2011 to 2015.
Photo credit: (Photo courtesy Wikimedia Commons/Richard Drdul)
According to a new report from IMS Research, global revenues for rising bollards are expected to grow at a compound annual growth rate (CAGR) of 4.4 percent from 2011 to 2015, which is nearly double that forecast for vehicle blockers.
In a statement, IMS Analyst Adi Pavlovic attributed this anticipated growth in the installation of rising bollards with the versatility that they offer over traditional road blockers.
"The decision to install a rising bollard over a vehicle blocker depends greatly on the level of security required, the available space, and aesthetic appeal," he explained. "Rising bollards offer a more versatile blend with building aesthetics, require less space to install and fit well around high pedestrian traffic areas. These attributes have made rising bollards the preferred product in low-medium security projects."
The report noted, however, that opportunities for rising bollards at high-security sites will remain limited as many security managers prefer the durability of road barriers to the aesthetic appeal of rising bollards. Though rising bollards will not be replacing road blockers anytime soon, Pavlovic said that they are becoming just as effective at stopping vehicles.
"Vehicle blockers have been the dominant solution in high-security applications for many years, but since rising bollards have become K-12 rated these products are being considered more often for the same projects. They have the equivalent ability to stop a moving vehicle as road blockers, while offering a flexible solution in terms of space and installation," he said.
For more information about the "World Market for Vehicle Entrance Control Equipment" report, visit www.imsresearch.com.