Traffic Safety Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Traffic Safety Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Traffic Safety Equipment Trends and Forecast

The future of the global traffic safety equipment market looks promising with opportunities in the municipal, industrial, and commercial markets. The global traffic safety equipment market is expected to reach an estimated $803.1 million by 2030 with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are rising number of road accidents, growing focus towards protecting vulnerable road users, and surging investments in infrastructure across the globe.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Traffic Safety Equipment by Segment

The study includes a forecast for the global traffic safety equipment by product, end use, and region.

Traffic Safety Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Traffic Vests & Rainwear
• Tube Delineators
• Traffic Cones
• Traffic Barricades
• Others

Traffic Safety Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Municipal
• Industrial and Commercial
• Others

Traffic Safety Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Traffic Safety Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies traffic safety equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the traffic safety equipment companies profiled in this report include-

• 3M
• Avery Dennison
• Brady
• RoadSafe Traffic Systems
• Swarco
• Honeywell
• Traffic Technologies
• Lindsay
• Valmont Industries

Traffic Safety Equipment Market Insights

Lucintel forecasts that traffic vest & rainwear is expected to witness the highest growth over the forecast period due to its increasing adoption by law enforcement, construction workers, crossing guards, flaggers, and emergency responders.

Within this market, municipal is expected to witness the highest growth due to growing investments in municipal traffic safety equipment.

APAC is expected to witness highest growth over the forecast period due to growing number of traffic-related fatalities, expansion of various manufacturing industries, and rising foreign direct investment throughout the region.

Features of the Global Traffic Safety Equipment Market

Market Size Estimates: Traffic safety equipment market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Traffic safety equipment market size by product, end use, and region in terms of value ($M).

Regional Analysis: Traffic safety equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the traffic safety equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the traffic safety equipment market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the traffic safety equipment market size?

Answer: The global traffic safety equipment market is expected to reach an estimated $803.1 million by 2030.

Q2. What is the growth forecast for traffic safety equipment market?

Answer: The global traffic safety equipment market is expected to grow with a CAGR of 3.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the traffic safety equipment market?

Answer: The major drivers for this market are rising number of road accidents, growing focus towards protecting vulnerable road users and surging investments in infrastructure across the globe.

Q4. What are the major segments for traffic safety equipment market?

Answer: The future of the traffic safety equipment market looks promising with opportunities in the municipal, industrial, and commercial markets.

Q5. Who are the key traffic safety equipment market companies?

Answer: Some of the key traffic safety equipment companies are as follows:

• 3M
• Avery Dennison
• Brady
• RoadSafe Traffic Systems
• Swarco
• Honeywell
• Traffic Technologies
• Lindsay
• Valmont Industries

Q6. Which traffic safety equipment market segment will be the largest in future?

Answer: Lucintel forecasts that traffic vest & rainwear is expected to witness the highest growth over the forecast period due to its increasing adoption by law enforcement, construction workers, crossing guards, flaggers, and emergency responders.

Q7. In traffic safety equipment market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing number of traffic-related fatalities, expansion of various manufacturing industries, and rising foreign direct investment throughout the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the traffic safety equipment market by product (traffic vests & rainwear, tube delineators, traffic cones, traffic barricades, and others), end use (municipal, industrial and commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?