Traffic Safety Products Industry Analysis - Forecast Period 2023-2027
The traffic safety products market has potential to grow at a CAGR of 6.43% during 2022-2027, as per the predictions by Technavio’s researchers. The market growth is dependent on various market factors such as increasing number of roads mishappening or accidents, growing awareness and willingness on the road infrastructure development and rapid growth in construction of commercial and industrial areas. The traffic safety products market size will grow by USD 1,211.21 million according to the same market report.
Since the expected growth momentum seems positive therefore it will give a positive outlook for the market as well as corresponding investors. It will further reinforce the position of vendors in the traffic safety products market.
Our researchers also provide key market drivers via thorough analysis, one of the major market drivers is the enhancing road infrastructure and development that is, in turn, helpful in traffic safety products market growth. Although some factors such as being unaware about traffic safety may affect the market growth negatively.
The statistics also includes various market vendors and their competitive landscape. A few key market vendors are as follows:
- 3M Co.
- Huawei Technologies Co. Ltd.
- Kapsch TrafficCom AG
- Jenoptik AG
- Avery Dennison Corp.
- Honeywell International Inc.
- eTrans Solutions Pvt Ltd.
- Conduent Inc.
- Brady Corp.
- Lindsay Corp.
Traffic safety products industry analysis illustrated via given statistics and you can also avail the subscription to lifetime access to thousands of market reports and cutting-edge market intelligent services. Don’t miss out on the latest updates and upcoming trends related to the market.
