Press release
World Traffic Safety Equipment Market (6.60% CAGR) During 2017 to 2021
The report covers the present scenario and the growth prospects of the global traffic safety equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of traffic safety equipment.
Complete Report available at http://www.reportsnreports.com/reports/976586-global-traffic-safety-equipment-market-2017-2021.html
Traffic safety equipment plays a crucial role in road safety management. It is essential to maintain safety on the roads for pedestrians, as well as drivers. Increasing accidents and fatalities are driving the demand for traffic safety equipment. Another factor driving this demand is the rise in transport infrastructure investment worldwide to improve the operational performance of road transport, including traffic management, vehicle tracking, and additional road networks. APAC will have the largest transport infrastructure market with an investment increasing from $500 billion per year to nearly $850 billion per year by 2025.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Key vendors
• 3M
• Ergodyne
• Honeywell
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Other prominent vendors
• Emedco
• Evelux USA
• MCR Safety
• Pexco Davidson Traffic Control Products
• Roadtech Manufacturing
• RoadSafe Traffic Systems
• SWARCO
• Tamis Corporation
• The Cortina Companies
• TrafFix Devices
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Market driver
• Increasing road accidents
• For a full, detailed list, view our report
Market challenge
• Negative impact of weather on traffic safety products
• For a full, detailed list, view our report
Market trend
• Introduction of technologically advanced safety vests
• For a full, detailed list, view our report
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Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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