Global Traffic Safety Products Market 2020-2024
Technavio has been monitoring the traffic safety products market and it is poised to grow by $ 596.31 mn during 2020-2024
progressing at a CAGR of 4% during the forecast period. Our reports on traffic safety products market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the development of road infrastructure and increasing investments in construction of industrial and commercial areas. In addition, development of road infrastructure is anticipated to boost the growth of the market as well.
The traffic safety products market analysis includes product segment, end-user segment and geographic landscapes.
Technavio's traffic safety products market is segmented as below:
- Traffic Vests and Rainwear
- Tube Delineators
- Traffic Cones
- Traffic Barricades
- Municipal and Industrial
By Geographic Landscapes
- North America
- South America
This study identifies the rising number of road accidents as one of the prime reasons driving the traffic safety products market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our traffic safety products market covers the following areas:
- Traffic safety products market sizing
- Traffic safety products market forecast
- Traffic safety products market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading traffic safety products market vendors that include 3M Co., Avery Dennison Corp., Brady Corp., Honeywell International Inc., Lindsay Corp., RoadSafe Traffic Systems Inc., Shenzhen Luming Traffic Equipment Co. Ltd, SWARCO AG, Traffic Technologies Ltd., and Valmont Industries Inc.. Also, the traffic safety products market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.