Classified in: Covid-19 virus
Global Traffic Safety Equipment Strategic Business Report 2022: Featuring 3M, Emedco.com, Ergodyne and Evelux USA Among Others - ResearchAndMarkets.com
The "Traffic Safety Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Traffic Safety Equipment estimated at US$3.4 Billion in the year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027.
Traffic Vests & Rainwear, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$3.6 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 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $948.4 Million, While China is Forecast to Grow at 10.7% CAGR
The Traffic Safety Equipment market in the U.S. is estimated at US$948.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$708.9 Million by the year 2027.
Traffic Cones Segment to Record 6% CAGR
In the global Traffic Cones segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$104.2 Million in the year 2020 will reach a projected size of US$153.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.6% CAGR through the analysis period.
Select Competitors (Total 47 Featured) -
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3M Company
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Emedco.com
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Ergodyne
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Evelux USA
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Honeywell International, Inc.
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MCR Safety
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Pexco LLC
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RoadSafe Traffic Systems, Inc.
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Roadtech Manufacturing
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SWARCO AG
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Tamis Corporation
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The Cortina Companies
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TrafFix Devices, Inc.
What's New for 2022?
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Global competitiveness and key competitor percentage market shares
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Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Online interactive peer-to-peer collaborative bespoke updates
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Access to digital archives and Research Platform
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Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Impact of Covid-19 and a Looming Global Recession
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Influencer Market Insights
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World Market Trajectories
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Traffic Safety Equipment - Global Key Competitors Percentage Market Share in 2020 (E)
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Traffic Safety Equipment Competitor Market Share Scenario Worldwide (in %): 2018E
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Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
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Traffic Vests & Rainwear (Product Type) Global Competitor Market Share Positioning for 2018 & 2027
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Tube Delineators (Product Type) Market Share Breakdown of Key Players: 2018 & 2027
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Traffic Cones (Product Type) Competitor Revenue Share (in %): 2018 & 2027
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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/xgwue
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News published on 6 december 2022 at 05:25 and distributed by: