Traffic Safety Equipment Global Market Report 2023: Sector to Reach $6.5 Billion by 2030 at a 6.8% CAGR

PR Newswire
Monday, May 29, 2023 at 10:30pm UTC

Traffic Safety Equipment Global Market Report 2023: Sector to Reach $6.5 Billion by 2030 at a 6.8% CAGR

PR Newswire

DUBLIN, May 29, 2023 /PRNewswire/ -- The "Traffic Safety Equipment - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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Global Traffic Safety Equipment Market to Reach $6.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Traffic Safety Equipment estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$6.5 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Traffic Vests & Rainwear, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$4.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tube Delineators segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 11.1% CAGR

The Traffic Safety Equipment market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 47 Featured) -

  • 3M Company
  • Emedco.com
  • Ergodyne
  • Evelux USA
  • Honeywell International, Inc.
  • MCR Safety
  • Pexco LLC
  • RoadSafe Traffic Systems, Inc.
  • Roadtech Manufacturing
  • SWARCO AG
  • Tamis Corporation
  • The Cortina Companies
  • TrafFix Devices, Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year



Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Influencer Market Insights
  • World Market Trajectories
  • Traffic Safety Equipment - Global Key Competitors Percentage Market Share in 2020 (E)
  • Traffic Safety Equipment Competitor Market Share Scenario Worldwide (in %): 2018E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
  • Traffic Vests & Rainwear (Product Type) Global Competitor Market Share Positioning for 2018 & 2027
  • Tube Delineators (Product Type) Market Share Breakdown of Key Players: 2018 & 2027
  • Traffic Cones (Product Type) Competitor Revenue Share (in %): 2018 & 2027
  • Traffic Barricades (Product Type) Market Share Shift by Company: 2018 & 2027

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION


For more information about this report visit https://www.researchandmarkets.com/r/74n8lt

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