Press release
Owning To The Rapid Urbanization In Developing Nations, The Efficacy Of Road Flares Market Is Bound To Rise
With the growth in urbanization, global commerce has increased on an unprecedented scale. However, this has also heightened the number of road accidents globally. Road flares have attracted significant traction during the recent years for the same reason. Road flares are the devices which visually warn the drivers for the upcoming unsuspecting traffic.Essentially, the requirement of road flare increases with the growing demand for vehicles. Owning to the rapid urbanization in developing nations, the efficacy of road flares is bound to rise, providing the opportunity to the companies to develop the market in these countries.
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Road Flares Market: Segmentation
The Road Flares market can be segmented based on form, type and sales channel.
Based on type, the Road Flares market can be segmented into:
Pyrotechnic
LED Electric
Chemical (light-stick)
Based on the size, the Road Flares market can be segmented into:
On the ground
Above the ground
Based on the mode of function, the Road Flares market can be segmented into:
Flash
steady
Based on Power Source, the Road Flares market can be segmented into:
Disposable Battery
Rechargeable Battery
Combustive material
Chemical Reaction
Based on the sales channel, the Road Flares market can be segmented into:
Direct sales
Retail Sales
Modern Retail
Online Retail
Others
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Road Flares Market: Key Players
Orion Safety Products and Heliar are the leading companies functioning in the road flare market. Other notable road flares companies are Powerflare, Hokena, Cyalume, Turboflare, and Tek-tite. New entrants are focusing more on LED flare rather traditional pyrotechnic flares because of the technological advancement in electrical and material engineering.
However, Orion, pyrotechnic flare company, has launched a 100% eco-friendly flares in 2015. Hokena is providing LED flares with 9 unique lightening mode. These road flares have a magnetic base and also float on water. Tek-tite has recently launched pocket size LED emergency strobe which is ideal for emergency location marking use.
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Road Flares Market: Regional Overview
The market for road flares is well established in North America and Europe. Leading road flares companies in US have expanded their market in many countries. Countries in Europe such as UK, Germany, Austria, Denmark, France and Switzerland has numerous road flares companies, whose products have lessened the accident counts across Europe.
In Asia and the Middle East, countries such as China, India, UAE, and Israel has created significant road flares market and extended themselves to neighbor countries. Currently, the higher demand for road flares from the emerging nations is shaping the future market of road flares.
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