Traffic Safety Equipment Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

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

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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

The rise in road accidents is one of the primary drivers for traffic safety  market growth.  The installation of traffic cones, delineators, channelizers, and barriers at appropriate locations is rising. Traffic engineers and manufacturers are increasing the visibility of traffic safety products by using retroflected borders and tapes assisting in increasing the visibility during the night and improve safety on the road.  Traffic mirrors that can control accidents at intersections are also increasing. The rise in road accidents has increased the demand for traffic safety equipment since they help to cut down the severity of crashes and decrease damages.

The rise in transport infrastructure investment is one of the key market trends. Poor quality of road networks and increasing vehicular movement will result in traffic congestion and increasing road accidents. Transport infrastructure improvements have a direct positive influence on the market, since regulating a traffic flow and reduced accidents lead to efficient and reliable traveling Since traffic safety products are vital in ensuring safe work environments for workers, the ongoing road infrastructure development projects would drive the demand for traffic safety products.

 

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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.

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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
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2021-2025	$ 503.49 million
Market structure	Fragmented
YoY growth (%)	2.57
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 31%
Key consumer countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
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.
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,
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.