The traffic safety equipment market size has the potential to grow by USD 503.49 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.22%.
This report provides a detailed analysis of the market by product (traffic vests and rainwear, tube delineators, traffic cones, traffic barricades, and others), end-user (municipal and industrial and commercial), geography (APAC, North America, Europe, MEA, and South America), and key vendors.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Traffic Safety Equipment Market
Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 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.
- Valmont Industries Inc.
The market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as increasing road accidents to achieve growth opportunities. However, factors such as negative impact of weather on traffic safety products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Traffic Safety Equipment Market: Key Drivers and Trends
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Traffic Safety Equipment Market: Segmentation by Geography
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31% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for traffic safety equipment in APAC. Market growth in this region will be slower than the growth of the market in South America.
The rise in traffic and the increase in the number of traffic-related fatalities are the prime factors that will facilitate the market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Traffic Safety Equipment Market: Segmentation by Product
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The increased use of vests and rainwear by law enforcement, construction workers, crossing guards, flaggers, and emergency responders is the major factor driving the growth of this market segment. Therefore, the growth of the market segment is expected to be significant during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
You may be interested in the regional reports:
India Traffic Safety market - The market share is expected to grow at a CAGR of 17.27 percent over the period 2014-2019.
Traffic Safety Equipment Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the traffic safety equipment industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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Traffic Safety Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
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Market growth 2021-2025 |
$ 503.49 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.57 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 31% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |