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Traffic Safety Equipment Trends and Forecast
The future of the global traffic safety equipment market looks promising with opportunities in the municipal, industrial, and commercial markets. The global traffic safety equipment market is expected to reach an estimated $803.1 million by 2030 with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are rising number of road accidents, growing focus towards protecting vulnerable road users, and surging investments in infrastructure across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Traffic Safety Equipment by Segment
The study includes a forecast for the global traffic safety equipment by product, end use, and region.
Traffic Safety Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Traffic Vests & Rainwear
• Tube Delineators
• Traffic Cones
• Traffic Barricades
• Others
Traffic Safety Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Municipal
• Industrial and Commercial
• Others
Traffic Safety Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Traffic Safety Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies traffic safety equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the traffic safety equipment companies profiled in this report include-
• 3M
• Avery Dennison
• Brady
• RoadSafe Traffic Systems
• Swarco
• Honeywell
• Traffic Technologies
• Lindsay
• Valmont Industries
Traffic Safety Equipment Market Insights
Lucintel forecasts that traffic vest & rainwear is expected to witness the highest growth over the forecast period due to its increasing adoption by law enforcement, construction workers, crossing guards, flaggers, and emergency responders.
Within this market, municipal is expected to witness the highest growth due to growing investments in municipal traffic safety equipment.
APAC is expected to witness highest growth over the forecast period due to growing number of traffic-related fatalities, expansion of various manufacturing industries, and rising foreign direct investment throughout the region.
Features of the Global Traffic Safety Equipment Market
Market Size Estimates: Traffic safety equipment market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Traffic safety equipment market size by product, end use, and region in terms of value ($M).
Regional Analysis: Traffic safety equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the traffic safety equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the traffic safety equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the traffic safety equipment market size?
Answer: The global traffic safety equipment market is expected to reach an estimated $803.1 million by 2030.
Q2. What is the growth forecast for traffic safety equipment market?
Answer: The global traffic safety equipment market is expected to grow with a CAGR of 3.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the traffic safety equipment market?
Answer: The major drivers for this market are rising number of road accidents, growing focus towards protecting vulnerable road users and surging investments in infrastructure across the globe.
Q4. What are the major segments for traffic safety equipment market?
Answer: The future of the traffic safety equipment market looks promising with opportunities in the municipal, industrial, and commercial markets.
Q5. Who are the key traffic safety equipment market companies?
Answer: Some of the key traffic safety equipment companies are as follows:
• 3M
• Avery Dennison
• Brady
• RoadSafe Traffic Systems
• Swarco
• Honeywell
• Traffic Technologies
• Lindsay
• Valmont Industries
Q6. Which traffic safety equipment market segment will be the largest in future?
Answer: Lucintel forecasts that traffic vest & rainwear is expected to witness the highest growth over the forecast period due to its increasing adoption by law enforcement, construction workers, crossing guards, flaggers, and emergency responders.
Q7. In traffic safety equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing number of traffic-related fatalities, expansion of various manufacturing industries, and rising foreign direct investment throughout the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the traffic safety equipment market by product (traffic vests & rainwear, tube delineators, traffic cones, traffic barricades, and others), end use (municipal, industrial and commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Traffic Safety Equipment Market, Traffic Safety Equipment Market Size, Traffic Safety Equipment Market Growth, Traffic Safety Equipment Market Analysis, Traffic Safety Equipment Market Report, Traffic Safety Equipment Market Share, Traffic Safety Equipment Market Trends, Traffic Safety Equipment Market Forecast, Traffic Safety Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Traffic Safety Equipment Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Traffic Safety Equipment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Traffic Safety Equipment Market by Product
3.3.1: Traffic Vests & Rainwear
3.3.2: Tube Delineators
3.3.3: Traffic Cones
3.3.4: Traffic Barricades
3.3.5: Others
3.4: Global Traffic Safety Equipment Market by End Use
3.4.1: Municipal
3.4.2: Industrial and Commercial
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Traffic Safety Equipment Market by Region
4.2: North American Traffic Safety Equipment Market
4.2.2: North American Traffic Safety Equipment Market by End Use: Municipal, Industrial and Commercial, and Others
4.3: European Traffic Safety Equipment Market
4.3.1: European Traffic Safety Equipment Market by Product: Traffic Vests & Rainwear, Tube Delineators, Traffic Cones, Traffic Barricades, and Others
4.3.2: European Traffic Safety Equipment Market by End Use: Municipal, Industrial and Commercial, and Others
4.4: APAC Traffic Safety Equipment Market
4.4.1: APAC Traffic Safety Equipment Market by Product: Traffic Vests & Rainwear, Tube Delineators, Traffic Cones, Traffic Barricades, and Others
4.4.2: APAC Traffic Safety Equipment Market by End Use: Municipal, Industrial and Commercial, and Others
4.5: ROW Traffic Safety Equipment Market
4.5.1: ROW Traffic Safety Equipment Market by Product: Traffic Vests & Rainwear, Tube Delineators, Traffic Cones, Traffic Barricades, and Others
4.5.2: ROW Traffic Safety Equipment Market by End Use: Municipal, Industrial and Commercial, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Traffic Safety Equipment Market by Product
6.1.2: Growth Opportunities for the Global Traffic Safety Equipment Market by End Use
6.1.3: Growth Opportunities for the Global Traffic Safety Equipment Market by Region
6.2: Emerging Trends in the Global Traffic Safety Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Traffic Safety Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Traffic Safety Equipment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: 3M
7.2: Avery Dennison
7.3: Brady
7.4: RoadSafe Traffic Systems
7.5: Swarco
7.6: Honeywell
7.7: Traffic Technologies
7.8: Lindsay
7.9: Valmont Industries
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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