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Traffic Safety Products Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 177
  • SKU: IRTNTR43255
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The traffic safety products market is estimated to grow at a CAGR of 6.43% between 2022 and 2027. The size of the market is forecast to increase by USD 1,211.21 million. The growth of the market depends on serval factors, including increasing focus on the development of road infrastructure, rising number of road accidents, and increasing investments in the construction of industrial and commercial areas.

This report extensively covers market segmentation by product (traffic vests and rainwear, tube delineators, traffic cones, traffic barricades, and others), end-user (municipal, industrial, and commercial), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Traffic Safety Products Market During the Forecast Period?

Traffic Safety Products Market Size

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Parent Market Analysis

The reports categorize the global traffic safety products market as a part of the global construction and engineering market.  The global construction and engineering market cover companies that are primarily engaged in non-residential construction, including engineering service providers and EPC contractors. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Traffic Safety Products Market: Key Drivers, Trends, Challenges, and Customer Landscape

The development of road infrastructure is notably driving the market growth, although factors such as the lack of awareness about road safety may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Traffic Safety Products Market Driver

The development of road infrastructure is notably driving the traffic safety equipment market growth. The transportation sector accounts for a prominent share of the GDP of several countries. Since the transportation sector has a significant impact on other industries, it plays a vital role in the economic development of a country. The gradually increasing population across the globe, coupled with the expanding industrial sector, is creating the necessity for fast and efficient road transportation. Moreover, the increasing number of parc vehicles globally is leading to a steady increase in traffic congestion. This can be attributed to the growth of the tourism industry as an increased footfall can potentially trigger the spiraling effect, resulting in a congestion collapse, which can lead to significant revenue losses for industries.

To avoid such cost expenditure and to accelerate the growth of the road transport sector, the governments of several nations are focusing on widening the existing roads and constructing new roads and highways. 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.

Significant Traffic Safety Products Market Trend

The development of traffic safety products made of eco-friendly and recycled materials is a traffic safety equipment market trend that is expected to have a positive impact in the coming years. Most of traffic safety products are made of PVC and rubber, owing to which such products are hard to degrade, which can cause environmental pollution. Therefore, due to the implementation of policies regarding global pollution, the vendors operating this market are focusing on the development of traffic safety products made from eco-friendly or recycled materials. Several manufacturers are using recycled rubber from waste tires as the raw material for manufacturing traffic safety products such as cones, barricades, and delineators. Since stringent environmental safety policies are being implemented by various countries, such eco-friendly products are likely to be adopted for manufacturing traffic safety products in the future.

Major Traffic Safety Products Challenge

The lack of awareness about road safety will be a major challenge for the traffic safety equipment market during the forecast period. The lack of awareness of road safety, improper infrastructure planning, and a subsequent reduction in the expenditure on infrastructure development in several underdeveloped and developing countries are the major reasons for recurring road accidents. The absence of road safety standards in some countries is limiting the development of road infrastructure in those countries. Furthermore, an inadequate policy formulation is restricting investments in the systematic mainstreaming of road safety in many countries. This can result in a significant number of road accidents and related fatal injuries. Owing to the poor road infrastructure, these countries are lagging in terms of the implementation of road traffic safety regulations. Thus, the lack of awareness about road safety is expected to limit the growth of the market.

Key Traffic Safety Products Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Traffic Safety Products Market Share by Geography

Global Traffic Safety Products Market Customer Landscape

Who are the Major Traffic Safety Products Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the traffic safety equipment market.

Traffic Technologies Ltd. - The company offers traffic safety products that include road safety signage, regulatory traffic signs, bollards, and traffic control products, for road traffic authorities, councils, and the construction industry under its traffic products segment as the key offering. The company offers traffic safety products such as signage, safety products, and technical products.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • 3M Co.
  • Avery Dennison Corp.
  • Brady Corp.
  • Conduent Inc.
  • eTrans Solutions Pvt Ltd.
  • Honeywell International Inc.
  • Huawei Technologies Co. Ltd.
  • Jenoptik AG
  • Kapsch TrafficCom AG
  • Lindsay Corp.
  • RoadSafe Traffic Systems Inc.
  • Saferoad Holding AS
  • Shenzhen LuMing Traffic Equipment Co. Ltd.
  • SWARCO AG
  • Teledyne Technologies Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Traffic Safety Products Market?

The traffic safety equipment market share growth of the traffic vests and rainwear segment will be significant during the forecast period. Safety vests are primarily used by workers that handle industrial and commercial building construction and road construction activities. Such vests feature a reflective material coating that helps in locating the presence of workers wearing them. On the roads, the use of safety vests makes it easier to see construction workers or traffic personnel, which enhances their safety. These vests are bright-colored, owing to which drivers can easily locate workers, especially in accident-prone areas.

Traffic Safety Products Market Size

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The traffic vests and rainwear segment was valued at USD 1,670.30 million in 2017 and continue to grow until 2021Bad weather conditions, such as rain and fog, reduce drivers' visibility, which can lead to accidents at construction sites. Thus, law enforcement personnel and road construction workers use traffic vests and rainwear. The demand for traffic safety vests and rainwear is increasing with the rising number of road construction and expansion activities. Moreover, the increasing number of road safety programs and associated policies being implemented across the globe is likely to propel the demand for traffic vests and rainwear during the forecast period.

Which are the Key Regions for the Traffic Safety Products Market?

Traffic Safety Products Market Share by Geography

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APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC also has a large number of commercial and industrial projects. At the end of 2018, China accounted for about half of the total SEZs across the globe. The growing FDI across the region and the expansion of several manufacturing industries are further bolstering the growth of the industrial sector in the region. Since industries are some of the prominent end-users of traffic safety products, the growth of the industrial sector is anticipated to enhance the business prospects of the regional traffic safety equipment market in focus during the forecast period. 

Countries such as China, Japan, South Korea, and India were highly affected by the COVID-19 pandemic. However, the market is expected to witness a rise in the manufacture and sales of such products during the forecast period. Furthermore, in 2021, the initiation of vaccination drives in APAC led to the lifting of lockdown restrictions and manufacturing units resumed their operations, which created a demand for traffic safety products. A shift in marketing strategies by the market players, along with mass vaccination drives conducted by the governments of the region, helped the regional economy revive and attain steady growth momentum.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Traffic vests and rainwear, Tube delineators, Traffic cones, Traffic barricades, and Others), End-user (Municipal, Industrial, and commercial), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

  • Product Outlook (USD Million, 2017 - 2027)
    • Traffic vests and rainwear
    • Tube delineators
    • Traffic cones
    • Traffic barricades
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • Municipal
    • Industrial
    • Commercial
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Traffic Safety Products Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.43%

Market growth 2023-2027

USD 1,211.21 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.26

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 35%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Avery Dennison Corp., Brady Corp., Conduent Inc., eTrans Solutions Pvt Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Jenoptik AG, Kapsch TrafficCom AG, Lindsay Corp., RoadSafe Traffic Systems Inc., Saferoad Holding AS, Shenzhen LuMing Traffic Equipment Co. Ltd., SWARCO AG, Teledyne Technologies Inc., Traffic Technologies Ltd., Valmont Industries Inc., Vectus Industries Ltd., Verra Mobility Corp., and W.W. Grainger Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Traffic Safety Products Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the traffic safety equipment market between 2023 and 2027
  • Precise estimation of the traffic safety products market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of traffic safety products market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global traffic safety products market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global traffic safety products market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 End-User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Traffic vests and rainwear - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Traffic vests and rainwear - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Traffic vests and rainwear - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Traffic vests and rainwear - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Traffic vests and rainwear - Year-over-year growth 2022-2027 (%)
    • 6.4 Tube delineators - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Tube delineators - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Tube delineators - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Tube delineators - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Tube delineators - Year-over-year growth 2022-2027 (%)
    • 6.5 Traffic cones - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Traffic cones - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Traffic cones - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Traffic cones - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Traffic cones - Year-over-year growth 2022-2027 (%)
    • 6.6 Traffic barricades - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Traffic barricades - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Traffic barricades - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Traffic barricades - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Traffic barricades - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Municipal - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Municipal - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Municipal - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Municipal - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Municipal - Year-over-year growth 2022-2027 (%)
    • 7.4 Industrial and commercial - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Industrial and commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Industrial and commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Industrial and commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Industrial and commercial - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 67: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 120: 3M Co. - Overview
              • Exhibit 121: 3M Co. - Business segments
              • Exhibit 122: 3M Co. - Key news
              • Exhibit 123: 3M Co. - Key offerings
              • Exhibit 124: 3M Co. - Segment focus
            • 12.4 Avery Dennison Corp.
              • Exhibit 125: Avery Dennison Corp. - Overview
              • Exhibit 126: Avery Dennison Corp. - Business segments
              • Exhibit 127: Avery Dennison Corp. - Key news
              • Exhibit 128: Avery Dennison Corp. - Key offerings
              • Exhibit 129: Avery Dennison Corp. - Segment focus
            • 12.5 Brady Corp.
              • Exhibit 130: Brady Corp. - Overview
              • Exhibit 131: Brady Corp. - Business segments
              • Exhibit 132: Brady Corp. - Key news
              • Exhibit 133: Brady Corp. - Key offerings
              • Exhibit 134: Brady Corp. - Segment focus
            • 12.6 eTrans Solutions Pvt Ltd.
              • Exhibit 135: eTrans Solutions Pvt Ltd. - Overview
              • Exhibit 136: eTrans Solutions Pvt Ltd. - Product / Service
              • Exhibit 137: eTrans Solutions Pvt Ltd. - Key offerings
            • 12.7 Honeywell International Inc.
              • Exhibit 138: Honeywell International Inc. - Overview
              • Exhibit 139: Honeywell International Inc. - Business segments
              • Exhibit 140: Honeywell International Inc. - Key news
              • Exhibit 141: Honeywell International Inc. - Key offerings
              • Exhibit 142: Honeywell International Inc. - Segment focus
            • 12.8 Kapsch TrafficCom AG
              • Exhibit 143: Kapsch TrafficCom AG - Overview
              • Exhibit 144: Kapsch TrafficCom AG - Business segments
              • Exhibit 145: Kapsch TrafficCom AG - Key news
              • Exhibit 146: Kapsch TrafficCom AG - Key offerings
              • Exhibit 147: Kapsch TrafficCom AG - Segment focus
            • 12.9 Lindsay Corp.
              • Exhibit 148: Lindsay Corp. - Overview
              • Exhibit 149: Lindsay Corp. - Business segments
              • Exhibit 150: Lindsay Corp. - Key offerings
              • Exhibit 151: Lindsay Corp. - Segment focus
            • 12.10 RoadSafe Traffic Systems Inc.
              • Exhibit 152: RoadSafe Traffic Systems Inc. - Overview
              • Exhibit 153: RoadSafe Traffic Systems Inc. - Product / Service
              • Exhibit 154: RoadSafe Traffic Systems Inc. - Key offerings
            • 12.11 Shenzhen LuMing Traffic Equipment Co. Ltd.
              • Exhibit 155: Shenzhen LuMing Traffic Equipment Co. Ltd. - Overview
              • Exhibit 156: Shenzhen LuMing Traffic Equipment Co. Ltd. - Product / Service
              • Exhibit 157: Shenzhen LuMing Traffic Equipment Co. Ltd. - Key offerings
            • 12.12 SWARCO AG
              • Exhibit 158: SWARCO AG - Overview
              • Exhibit 159: SWARCO AG - Product / Service
              • Exhibit 160: SWARCO AG - Key news
              • Exhibit 161: SWARCO AG - Key offerings
            • 12.13 Teledyne Technologies Inc.
              • Exhibit 162: Teledyne Technologies Inc. - Overview
              • Exhibit 163: Teledyne Technologies Inc. - Business segments
              • Exhibit 164: Teledyne Technologies Inc. - Key news
              • Exhibit 165: Teledyne Technologies Inc. - Key offerings
              • Exhibit 166: Teledyne Technologies Inc. - Segment focus
            • 12.14 Traffic Technologies Ltd.
              • Exhibit 167: Traffic Technologies Ltd. - Overview
              • Exhibit 168: Traffic Technologies Ltd. - Product / Service
              • Exhibit 169: Traffic Technologies Ltd. - Key offerings
            • 12.15 Valmont Industries Inc.
              • Exhibit 170: Valmont Industries Inc. - Overview
              • Exhibit 171: Valmont Industries Inc. - Business segments
              • Exhibit 172: Valmont Industries Inc. - Key news
              • Exhibit 173: Valmont Industries Inc. - Key offerings
              • Exhibit 174: Valmont Industries Inc. - Segment focus
            • 12.16 Vectus Industries Ltd.
              • Exhibit 175: Vectus Industries Ltd. - Overview
              • Exhibit 176: Vectus Industries Ltd. - Product / Service
              • Exhibit 177: Vectus Industries Ltd. - Key offerings
            • 12.17 Verra Mobility Corp.
              • Exhibit 178: Verra Mobility Corp. - Overview
              • Exhibit 179: Verra Mobility Corp. - Business segments
              • Exhibit 180: Verra Mobility Corp. - Key offerings
              • Exhibit 181: Verra Mobility Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Traffic Safety Products market growth will increase by $1211.21 million during 2023-2027.
              The traffic safety products market is expected to grow at a CAGR of 6.43% during 2023-2027.
              Technavio has segmented the traffic safety products market by product (Traffic vests and rainwear, Tube delineators, Traffic cones, Traffic barricades, and Others) ,end-user (Municipal, Industrial, commercial, and South America) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              3M Co., Avery Dennison Corp., Brady Corp., Conduent Inc., eTrans Solutions Pvt Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Jenoptik AG, Kapsch TrafficCom AG, Lindsay Corp., RoadSafe Traffic Systems Inc., Saferoad Holding AS, Shenzhen LuMing Traffic Equipment Co. Ltd., SWARCO AG, Teledyne Technologies Inc., Traffic Technologies Ltd., Valmont Industries Inc., Vectus Industries Ltd., Verra Mobility Corp., W.W. Grainger Inc. are a few of the key vendors in the traffic safety products market.
              APAC will register the highest growth rate of 34.59% among the other regions. Therefore, the traffic safety products market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the traffic safety products market growth are:
              • Increasing focus on the development of road infrastructure
              • Development of traffic safety products made of eco-friendly and recycled materials
              The traffic safety products market vendors should focus on grabbing business opportunities from the traffic vests and rainwear segment as it accounted for the largest market share in the base year.
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