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COVID-19 Impacts: Traffic Safety Products Market Will Accelerate at a CAGR of About 4% Through 2020-2024 | Development Of Road Infrastructure to Boost Growth | Technavio

Technavio has been monitoring the traffic safety products market and it is poised to grow by USD 596.31 mn during 2020-2024, progressing at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200824005470/en/

Technavio has announced its latest market research report titled Global Traffic Safety Products Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Avery Dennison Corp., Brady Corp., Honeywell International Inc., Lindsay Corp., RoadSafe Traffic Systems Inc., Shenzhen Luming Traffic Equipment Co. Ltd, SWARCO AG, Traffic Technologies Ltd., and Valmont Industries Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The development of road infrastructure has been instrumental in driving the growth of the market.

Traffic Safety Products Market 2020-2024 : Segmentation

Traffic Safety Products Market is segmented as below:

  • Product

    • Traffic Vests And Rainwear

    • Tube Delineators

    • Traffic Cones

    • Traffic Barricades

    • Others

  • End-user

    • Municipal And Industrial

    • Commercial

  • Geography

    • APAC

    • Europe

    • MEA

    • North America

    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43255

Traffic Safety Products Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our traffic safety products market report covers the following areas:

  • Traffic Safety Products Market size

  • Traffic Safety Products Market trends

  • Traffic Safety Products Market industry analysis

This study identifies the rising number of road accidents as one of the prime reasons driving the traffic safety products market growth during the next few years.

Traffic Safety Products Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the traffic safety products market, including some of the vendors such as 3M Co., Avery Dennison Corp., Brady Corp., Honeywell International Inc., Lindsay Corp., RoadSafe Traffic Systems Inc., Shenzhen Luming Traffic Equipment Co. Ltd, SWARCO AG, Traffic Technologies Ltd., and Valmont Industries Inc. Backed with competitive intelligence and benchmarking, our research reports on the traffic safety products market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Traffic Safety Products Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist traffic safety products market growth during the next five years

  • Estimation of the traffic safety products market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the traffic safety products market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of traffic safety products market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Traffic vests and rainwear - Market size and forecast 2019-2024

  • Tube delineators - Market size and forecast 2019-2024

  • Traffic cones - Market size and forecast 2019-2024

  • Traffic barricades - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Municipal - Market size and forecast 2019-2024

  • Industrial and commercial - Market size and forecast 2019-2024

  • Market opportunity by End-user

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • 3M Co.

  • Avery Dennison Corp.

  • Brady Corp.

  • Honeywell International Inc.

  • Lindsay Corp.

  • RoadSafe Traffic Systems Inc.

  • Shenzhen Luming Traffic Equipment Co. Ltd

  • SWARCO AG

  • Traffic Technologies Ltd.

  • Valmont Industries Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200824005470/en/

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