Global Traffic Signs Market is projected to reach US$ 1160 Mn by 2025– Says QY Research, Inc.

Traffic signs or road signs are signs erected at the side of or above roads to give instructions or provide information to road users. The earliest signs were simple wooden or stone milestones. Later, signs with directional arms were introduced, for example, the fingerposts in the United Kingdom and their wooden counterparts in Saxony.

With traffic volumes increasing since the 1930s, many countries have adopted pictorial signs or otherwise simplified and standardized their signs to overcome language barriers, and enhance traffic safety. Such pictorial signs use symbols (often silhouettes) in place of words and are usually based on international protocols. Such signs were first developed in Europe, and have been adopted by most countries to varying degrees.

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At regional level North America (Revenue market share about 29% in 2015) accounted for the largest market share in the year 2015 followed by Europe (Revenue market share about 36% in 2015) and Asia (Revenue market share about 19% in 2015). This is mainly due to intense government support and technological advancements resulting in broader acceptance of the devices.

Traffic Signs are mass products and in most of the cases represent a sub segment or portfolio of medical device manufacturers with very little scope for product differentiation. This makes the overall market highly competitive and price sensitive in nature.

The Traffic Signs industry major has three applications, such as Guide & Direction Signs, Warning Signs, Regulatory Signs and Others.

The global Traffic Signs market was 850 million US$ in 2018 and is expected to 1160 million US$ by the end of 2025, growing at a CAGR of 4.0% between 2019 and 2025.

Key Players :

USA Traffic Signs

Swarco Traffic

Novelis

McCain

3M

Lacroix Group

Traffic Signs NZ

Rennicks

Traffic Tech

William Smith

RAI Products

Segnaletica

Elderlee

Traffic Signs & Safety

Lyle Signs

Feiyao Jiao Tong

Haowei Traffic

Schwab Label Factory

Shanghai Luhao

Changeda Traffic

By the product type, the market is primarily split into

Mainly Refers to The Areas Above 2 Sqm

Mainly Refers to The Areas Between 1-2 Sqm

Mainly Refers to The Areas Below 1 Sqm

By the end users/application, this report covers the following segments

Guide and Direction Signs

Warning Signs

Regulatory Signs

Other Signs

Regions Covered in the Global Traffic Signs Market:

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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Table of Contents

Industry Overview: The first section of the research study touches on an overview of the global Traffic Signs market, market status and outlook, and product scope. Additionally, it provides highlights of key segments of the global Traffic Signs market, i.e. regional, type, and application segments.

Competition Analysis: Here, the report brings to light important mergers and acquisitions, business expansions, product or service differences, market concentration rate, the competitive status of the global Traffic Signs market, and market size by player.

Company Profiles and Key Data: This section deals with the company profiling of leading players of the global Traffic Signs market on the basis of revenue, products, business, and other factors mentioned earlier.

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