Market Overview:
The global portable traffic signals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable traffic signals from urban traffic and freeway applications. Additionally, the growing demand for solar-powered portable traffic signals is also contributing to the growth of this market. North America accounted for the largest share of the global portable traffic signals market in 2017, followed by Europe and Asia Pacific.
Product Definition:
A portable traffic signal is a temporary traffic control device that is used to direct and manage vehicular and pedestrian traffic. The purpose of portable traffic signals is to ensure the safe and efficient movement of vehicles and pedestrians during road construction, maintenance, or special events.
Power Battery:
Power battery is a portable source of energy that can be used to operate various types of traffic signals. It is rechargeable and has the ability to supply electricity for a longer duration as compared to conventional batteries. Power battery finds its application in traffic signal control devices, which are installed at major road junctions and arterial roads across the world.
Solar Energy:
Solar energy is the radiant light of the sun, which is used to generate electricity. The source of solar energy is different from one another; however, they have one common factor that attracts people’s attention - sunlight. The main sources of renewable solar energy are the sun and wind. Other forms include geothermal, biomass (waste wood), hydropower and biofuels (bio-power).
Application Insights:
The others application segment includes hiking and biking trails, cross country skiing, horseback riding, hunting grounds and shooting lanes. The growth of this application can be attributed to the increasing number of outdoor activities such as hiking and biking that require portable traffic signals for safety. Furthermore, these lights are used on cross country skiing/hiking paths in wintertime to enhance visibility for both pedestrians and cyclists.
The urban traffic signal is used in roadways within cities or built-up areas where street lighting is inadequate due to high pedestrian activity at night or in dim light conditions. These signals are installed at intersections with heavy vehicle movements which require attention by drivers owing to the complexity of driving patterns along with increased risks during accidents caused by blind turns or lane changes near a junction where there are no streetlights. The growing importance of road safety has resulted in an increased demand for these types of signals across developing countries worldwide including China India Japan Brazil etcetera.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing road infrastructure, growing adoption of portable traffic signals and stringent regulations regarding road safety in countries such as the U.S., Canada, and Mexico. Moreover, rising demand for smart cities across these countries is anticipated to fuel product demand in North America over the next eight years.
Asia Pacific is expected to witness significant growth over the forecast period owing to rapid urbanization coupled with increased government spending on transport infrastructure development activities in emerging economies such as China and India.
Growth Factors:
- Increasing demand for traffic safety and security: The global portable traffic signals market is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for traffic safety and security across the globe.
- Rising number of road accidents: According to the World Health Organization, around 1.25 million people die each year in road accidents globally. This is expected to drive the demand for portable traffic signals in order to avoid such accidents and improve traffic flow on roads.
- Growing awareness about safety measures: There has been a rise in awareness among people about using proper safety measures while driving or travelling on roads, which is anticipated to boost the growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Traffic Signals Market Research Report
By Type
Power Battery, Solar Energy
By Application
Urban Traffic, Freeway, Others
By Companies
Horizon Signal Technologies, Inc., Ver-Mac, North America Traffic, TrafFix Devices, Wanco Inc., Solar Technology Inc., JTI Traffic, Traffic Group Signals, TAPCO, US Barricades, Data Signs, BARTCO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Portable Traffic Signals Market Report Segments:
The global Portable Traffic Signals market is segmented on the basis of:
Types
Power Battery, Solar Energy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Urban Traffic, Freeway, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Horizon Signal Technologies, Inc.
- Ver-Mac
- North America Traffic
- TrafFix Devices
- Wanco Inc.
- Solar Technology Inc.
- JTI Traffic
- Traffic Group Signals
- TAPCO
- US Barricades
- Data Signs
- BARTCO
Highlights of The Portable Traffic Signals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Power Battery
- Solar Energy
- By Application:
- Urban Traffic
- Freeway
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Traffic Signals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Portable traffic signals are a type of traffic control device that can be moved from one location to another. They are typically used in areas where there is a lot of pedestrian or vehicular traffic, and they help to regulate the flow of traffic.
Some of the key players operating in the portable traffic signals market are Horizo​​n Signal Technologies, Inc., Ver-Mac, North America Traffic, TrafFix Devices, Wanco Inc., Solar Technology Inc., JTI Traffic, Traffic Group Signals, TAPCO, US Barricades, Data Signs, BARTCO.
The portable traffic signals market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Traffic Signals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Portable Traffic Signals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Traffic Signals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Portable Traffic Signals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Portable Traffic Signals Market Size & Forecast, 2020-2028
4.5.1 Portable Traffic Signals Market Size and Y-o-Y Growth
4.5.2 Portable Traffic Signals Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Power Battery
5.2.2 Solar Energy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Urban Traffic
6.2.2 Freeway
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Traffic Signals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Portable Traffic Signals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Power Battery
9.6.2 Solar Energy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Urban Traffic
9.10.2 Freeway
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Power Battery
10.6.2 Solar Energy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Urban Traffic
10.10.2 Freeway
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Power Battery
11.6.2 Solar Energy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Urban Traffic
11.10.2 Freeway
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Power Battery
12.6.2 Solar Energy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Urban Traffic
12.10.2 Freeway
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Power Battery
13.6.2 Solar Energy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Urban Traffic
13.10.2 Freeway
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Portable Traffic Signals Market: Competitive Dashboard
14.2 Global Portable Traffic Signals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Horizon Signal Technologies, Inc.
14.3.2 Ver-Mac
14.3.3 North America Traffic
14.3.4 TrafFix Devices
14.3.5 Wanco Inc.
14.3.6 Solar Technology Inc.
14.3.7 JTI Traffic
14.3.8 Traffic Group Signals
14.3.9 TAPCO
14.3.10 US Barricades
14.3.11 Data Signs
14.3.12 BARTCO
