According to a market report by Lucintel, 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 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 understand Trends,
opportunity and forecast in traffic safety equipment market to 2030 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).
In this market, traffic vests & rainwear, tube delineator, traffic
cone, and traffic barricade are the major segments of traffic safety equipment
market by product. 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.
Download sample by clicking on traffic
safety equipment market.
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.
3M, Avery Dennison, Brady, RoadSafe Traffic Systems, Swarco, Honeywell,
Traffic Technologies, Lindsay, and Valmont Industries are the major suppliers
in the traffic safety equipment market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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