Traffic Safety Products Market: Introduction
- Traffic safety products are important for safety of vehicle operators, passengers, and pedestrians as road traffic injuries are the leading cause of death among people aged between 15 and 29 years. Traffic safety products are available in permanent and temporary forms depending on the needs of the workplace and duration of the project.
- Additionally, there are times when workplace safety overlays with road and traffic safety. In order to ensure that workers are able to work safely in high traffic areas, they must have access to high quality and weather resistant traffic safety products.
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Key Drivers of the Global Traffic Safety Products Market
- Increasing number of road traffic accidents is one of the prime reasons for the growth of the traffic safety products market. According to World Health Organization, approximately 1.35 million people die each year as a result of road traffic accidents. Such occurrences are more prominent in middle and low income countries where traffic safety regulations are not stringent.
- Additionally, growing urbanization, and increasing government spending for public transportation systems coupled with technological advancement in road safety products are some of the other factors spurring the growth of the traffic safety products market. Manufacturers are continuously focusing on integration of advanced technologies in road safety products in order to decrease road accidents and increase safety of workers and pedestrians etc.
- All the above factors together are anticipated to fuel the growth of the traffic safety products market worldwide.
Key Players Operating in the Global Market
The global traffic safety products market is highly fragmented with presence of many key global players coupled with many regional traffic safety products manufacturers. A few of the key players operating in the global traffic safety products market includes:
- 3M
- Avery Dennison Corporation
- Honeywell International Inc.
- Industrias Duero
- Lindsay Transportation Solutions Sales & Service
- RoadSafe Traffic Systems, Inc.
- Tenacious Holdings, Inc.
- Tranex Group
- Valmont Industries Inc.
Global Traffic Safety Products Market: Research Scope
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Global Traffic Safety Products Market, by Product Type
- Traffic Cones & Barrels
- Barricades and Barricade Lights & Beacons
- Speed Bumps & Humps
- Safety Vest & Apparels
- Side Stands
- Traffic Signs
- Others (Safety Ropes, Cable Guards etc.)
Global Traffic Safety Products Market, by Distribution Channel
- Online
- Company Owned Sites
- E-commerce Sites
- Offline
- Supermarkets & Hypermarkets
- Specialty Stores
- Other retail based stores
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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