Market Overview:
The global traffic safety system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about road safety and the rising number of accidents across the globe. In addition, government initiatives for improving road infrastructure are also contributing to the growth of this market. The traffic vest and rainwear segment is projected to grow at a CAGR of 6.0% from 2018 to 2030, owing to the increasing demand for these products in commercial applications.
Product Definition:
Traffic Safety System is a comprehensive term that refers to the various measures and systems in place to improve the safety of road users. It includes everything from infrastructure design, signage, and enforcement to public education campaigns. The importance of Traffic Safety System cannot be overstated; it is estimated that more than 1.2 million people die each year in traffic collisions around the world.
Traffic Vests and Rainwear:
Traffic vests and rainwear is a new term that came into existence only in the last few years. It was formed by taking two distinct sets of clothing, namely traffic clothes and weather clothes. The basic difference between these two types of clothing is their use. Traffic vest is designed to protect the wearer from water, mud or other debris that may be thrown up by vehicles during road construction or while responding to an emergency situation such as cleaning oil spills or dealing with wild animals on roads.
Tube Delineators:
The global tube delineators market is expected to witness significant growth over the forecast period. The demand for these devices is increasing owing to their ability to control and manage traffic congestion in roadways. They are also known as speed cushions, speed tables, or chicanes and are used across several public roads for reducing speeds of vehicles on approach roads.
Global Tube Delineators Market by Type (Steel & Aluminum), by Application (Road Construction & Maintenance).
Application Insights:
The commercial application segment led the global traffic safety system market and accounted for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to an increase in spending on road safety by various government agencies, transport companies, and automotive manufacturers across the globe. Moreover, a rise in demand for products such as reflective wearables and whistles is expected to drive the segment further during the forecast period.
Regional Analysis:
Europe dominated the global traffic safety system market in terms of revenue share in 2016. The European Commission (EC) has taken several initiatives to improve road infrastructure and adopt high-tech solutions for traffic management. For instance, it has provided funding support to the EC’s transport investment program which focuses on developing smart motorways, railways, and ports among other transportation infrastructure projects across Europe. This initiative is expected to boost product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing investments by governments as well as private players for improving public safety at a reasonable cost through technological innovations coupled with implementation of evidence-based practices such as behavior modification programs & training seminars regarding road courtesy among others.
North America accounted for a significant share in 2016 owing both volumes.
Growth Factors:
- Increasing awareness about traffic safety system and its benefits among the consumers.
- Rising number of road accidents globally, which is expected to drive the demand for traffic safety systems over the forecast period.
- Technological advancements in traffic safety systems that offer enhanced features and improved performance are likely to boost market growth over the next few years.
- Stringent government regulations pertaining to installation of traffic safety systems in vehicles is anticipated to propel market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Traffic Safety System Market Research Report
By Type
Traffic Vests and Rainwear, Tube Delineators, Traffic Cones, Traffic Barricades, Others
By Application
Commercial, Industrial, Municipal
By Companies
3M, Honeywell International Inc., Emedco, Pexco LLC., Zumar Industries, Inc., Delmon Group of Companies, Swarco Traffic, Dicke Safety Products, Traffic Signs & Safety, Greenlite, Lacroix Group, Roadtech Manufacturing, Pro-Line Safety Products, The Cortina Companies, Zhejiang Traffic Safety Products
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Traffic Safety System Market Report Segments:
The global Traffic Safety System market is segmented on the basis of:
Types
Traffic Vests and Rainwear, Tube Delineators, Traffic Cones, Traffic Barricades, Others
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
Commercial, Industrial, Municipal
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:
- 3M
- Honeywell International Inc.
- Emedco
- Pexco LLC.
- Zumar Industries, Inc.
- Delmon Group of Companies
- Swarco Traffic
- Dicke Safety Products
- Traffic Signs & Safety
- Greenlite
- Lacroix Group
- Roadtech Manufacturing
- Pro-Line Safety Products
- The Cortina Companies
- Zhejiang Traffic Safety Products
Highlights of The Traffic Safety System 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:
- Traffic Vests and Rainwear
- Tube Delineators
- Traffic Cones
- Traffic Barricades
- Others
- By Application:
- Commercial
- Industrial
- Municipal
- 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 Traffic Safety System 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?
A traffic safety system is a group of devices and practices that are designed to reduce the number of crashes, injuries, and fatalities on roadways. Traffic safety systems can include things like speed limits, warning signs, intersection design features, driver training programs, and enforcement efforts.
Some of the major companies in the traffic safety system market are 3M, Honeywell International Inc., Emedco, Pexco LLC., Zumar Industries, Inc., Delmon Group of Companies, Swarco Traffic, Dicke Safety Products, Traffic Signs & Safety, Greenlite, Lacroix Group, Roadtech Manufacturing, Pro-Line Safety Products, The Cortina Companies, Zhejiang Traffic Safety Products.
The traffic safety system 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 Traffic Safety System 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 Traffic Safety System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traffic Safety System 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 Traffic Safety System 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 Traffic Safety System Market Size & Forecast, 2018-2028
4.5.1 Traffic Safety System Market Size and Y-o-Y Growth
4.5.2 Traffic Safety System Market Absolute $ Opportunity
Chapter 5 Global Traffic Safety System 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 Traffic Safety System Market Size Forecast by Type
5.2.1 Traffic Vests and Rainwear
5.2.2 Tube Delineators
5.2.3 Traffic Cones
5.2.4 Traffic Barricades
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Traffic Safety System 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 Traffic Safety System Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Municipal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traffic Safety System 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 Traffic Safety System 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 Traffic Safety System Analysis and Forecast
9.1 Introduction
9.2 North America Traffic Safety System 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 Traffic Safety System Market Size Forecast by Type
9.6.1 Traffic Vests and Rainwear
9.6.2 Tube Delineators
9.6.3 Traffic Cones
9.6.4 Traffic Barricades
9.6.5 Others
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 Traffic Safety System Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Municipal
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 Traffic Safety System Analysis and Forecast
10.1 Introduction
10.2 Europe Traffic Safety System 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 Traffic Safety System Market Size Forecast by Type
10.6.1 Traffic Vests and Rainwear
10.6.2 Tube Delineators
10.6.3 Traffic Cones
10.6.4 Traffic Barricades
10.6.5 Others
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 Traffic Safety System Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Municipal
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 Traffic Safety System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Traffic Safety System 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 Traffic Safety System Market Size Forecast by Type
11.6.1 Traffic Vests and Rainwear
11.6.2 Tube Delineators
11.6.3 Traffic Cones
11.6.4 Traffic Barricades
11.6.5 Others
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 Traffic Safety System Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Municipal
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 Traffic Safety System Analysis and Forecast
12.1 Introduction
12.2 Latin America Traffic Safety System 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 Traffic Safety System Market Size Forecast by Type
12.6.1 Traffic Vests and Rainwear
12.6.2 Tube Delineators
12.6.3 Traffic Cones
12.6.4 Traffic Barricades
12.6.5 Others
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 Traffic Safety System Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Municipal
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) Traffic Safety System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Traffic Safety System 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) Traffic Safety System Market Size Forecast by Type
13.6.1 Traffic Vests and Rainwear
13.6.2 Tube Delineators
13.6.3 Traffic Cones
13.6.4 Traffic Barricades
13.6.5 Others
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) Traffic Safety System Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Municipal
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 Traffic Safety System Market: Competitive Dashboard
14.2 Global Traffic Safety System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Honeywell International Inc.
14.3.3 Emedco
14.3.4 Pexco LLC.
14.3.5 Zumar Industries, Inc.
14.3.6 Delmon Group of Companies
14.3.7 Swarco Traffic
14.3.8 Dicke Safety Products
14.3.9 Traffic Signs & Safety
14.3.10 Greenlite
14.3.11 Lacroix Group
14.3.12 Roadtech Manufacturing
14.3.13 Pro-Line Safety Products
14.3.14 The Cortina Companies
14.3.15 Zhejiang Traffic Safety Products
