Global Traffic Signs Market Growth 2023-2029

Global Traffic Signs Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Traffic Signs Industry Forecast” looks at past sales and reviews total world Traffic Signs sales in 2022, providing a comprehensive analysis by region and market sector of projected Traffic Signs sales for 2023 through 2029. With Traffic Signs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traffic Signs industry.
This Insight Report provides a comprehensive analysis of the global Traffic Signs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Traffic Signs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Traffic Signs market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traffic Signs and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Traffic Signs.
The global Traffic Signs market size is projected to grow from US$ 996.8 million in 2022 to US$ 1420.2 million in 2029; it is expected to grow at a CAGR of 1420.2 from 2023 to 2029.
The major players in global Traffic Signs market include USA Traffic Signs, Swarco Traffic, Novelis, etc. The top 3 players occupy about 15% shares of the global market. Europe and North America are main markets, they occupy about 65% of the global market. The Areas Below 1 Sqm is the main type, with a share about 50%. Guide and Direction Signs is the main application, which holds a share about 40%.
This report presents a comprehensive overview, market shares, and growth opportunities of Traffic Signs market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
The Areas Above 2 Sqm
The Areas Between 1-2 Sqm
The Areas Below 1 Sqm
Segmentation by application
Guide and Direction Signs
Warning Signs
Regulatory Signs
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Traffic Signs market?
What factors are driving Traffic Signs market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Traffic Signs market opportunities vary by end market size?
How does Traffic Signs break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.