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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) -

What's New for 2022?

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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: