Road Safety Market 2019: Global Key Players, Trends, Share, Industry Size, Sales, Supply, Demand, Analysis & Forecast to 2026

A New research study offers Road Safety Market Research 2019 a complete analysis of important and critical aspects of the industry, including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. An exclusive data offered in this report is collected by research and industry experts. The Road Safety report offers a special assessment of top strategic moves of leading players by Socio-economic indicators, Trade strategy, Key growth drivers, Recent developments. The Global Road Safety Market was valued at USD 2.64 billion in 2018 and is projected to reach USD 5.95 billion by 2026, growing at a CAGR of 9.45% from 2019 to 2026.

Road traffic safety refers to methods and measures implemented to prevent road users from being seriously injured or killed. Typical road users include cyclists, pedestrians, motorists, horse riders, and vehicle passengers. According to the International Transport Forum, basic strategy of road safety is to ensure that in the event of a car crash scenario, the impact energies should remain below the threshold. The global road safety market majorly focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global road safety market is expected to witness significant growth during the forecast period 2019-2026, owing to rising urban population, rapid motorization, and growing road accidents.

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Market Dynamics-Drivers:
Increasing number of accidents/fatalities, rising urbanization, threats or unnatural disaster, and high demographic rates are expected to drive growth of the global road safety market during the forecast period. According to the World Health Organization (WHO), every year around 1.35 million people are severely injured due to road accidents. According to the same source, 93% of road accidents occur in emerging economies, even though these countries have around 60% of the world’s vehicles. Key companies in the market are focused on various strategies such as safety campaigns, in order to enhance road safety will drive growth of the market in the near future. For instance, in August 2019, Hyundai Motor India Foundation announced the 5th phase of the ‘Safe Move-Mega Road Safety Campaign’, which is expected to reach out to 100 schools across 12 cities including Pune, Mumbai, Kochi, Delhi-NCR, Kolkata, etc. The campaign advocates road safety for both pedestrians and motorists.

Market Dynamics- Restraints:
However, lack of standardization and uniformity in road safety solutions, especially in emerging economies, is expected to hamper growth of the global road safety market during the forecast period.

Competitive Analysis:
One of the important factors in Road Safety Market report is the competitive analysis. The report covers all the key parameters such as product innovation, market strategies of the key players, market share, revenue generation, latest research and development, and market expert views.

Top Key Players:
Hyundai Motor India Foundation, Redflex Holdings, Jenoptik, Dahua Technology, Kria, IDEMIA, Laser Technology, Syntell, and Verra Mobility.

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Regional Analysis
Among regions, North America is expected to witness significant growth in the global road safety market during the forecast period. This growth is attributed to presence of robust infrastructure and availability of advanced technology in the region. Moreover, North American countries have developed economies, which invest heavily in road safety enhancement of the region, which propel the market growth. Moreover, Asia Pacific is expected to record the highest growth, owing to increasing demand for road safety solutions and services from emerging economies such as Japan, India, China, Australia, and South Korea. However, these countries have started recognizing that road safety solutions can overcome traffic congestion and road accidents.

Trend Analysis: Road Safety Market Split by product type, with production, revenue, price, market share and growth rate of each type.

Application Analysis: Market Split by application, this report focuses on consumption, market share and growth rate of Road Safety in each application.

In conclusion, the Road Safety report offers a wide range of information both in terms of qualitative and quantitative. It provides in-depth analysis of the Road Safety market, including dealers, distributors, contributors along with research findings, appendix and data sources.

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