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Research Outline

Prepared for Pratheesh V. | Delivered May 7, 2020

Bollard Market Size

Goals

To provide the market size and the top players in the US bollard lighting market.

Early Findings

While information about the outdoor light market was readily available, information about the bollard light segment specifically was not. We were able to find a paid report from Market Watch but the overview section of the report did not specify any market size.

Outdoor Lighting Market Size

  • Bollard lights are classified as outdoor street lights that most commonly use LED lights. As such, we focused our attention towards the outdoor LED lighting market.
  • According to Markets and Markets, the outdoor LED lighting market size will reach $21.95 billion by 2023, growing at a CAGR of 13.7%. Using a Reverse CAGR Calculator, we determined that the global size of the market for 2019 would be $13.1 billion.
  • Of that the street segment account for over 22% of the total market. This means that the outdoor street LED lighting market reached a revenue of $2.88 billion in 2019.
  • The North American market accounts roughly for 45% of the total global sales. Assuming that this holds true for the LED street segment as well, the total 2019 market size amounted to $1.3 billion.
  • Some of the biggest North American bollard lighting players include Cree Lighting , RAB Lighting , MaxLite, H.E. Williams, Lumca, and iGuzzini.