Scope of the Study
Traffic signs are placed at the side of the road to provide the instructions to the drivers. Earlier stones or wooden milestones were used but later the directional arms were introduced. There are different types of traffic signs such as directional, warning and regulatory. These signs uses symbols that are standardized to remove the language barrier. In addition, it maintains the safety on the road for drivers as well as pedestrians. As these are the vital components, the market is boosting.
The market study is being classified by Type (Directional sign, Warning sign and Regulatory sign), by Application (Highway Roadway, Pathway, Other Route and Others) and major geographies with country level break-up.
USA Traffic Signs (United States), Swarco Traffic (United Kingdom), Novelis (United States), McCain (Canada), 3M (United States), Lacroix Group (France), Traffic Signs NZ (New Zealand), Rennicks (Ireland), Traffic Tech (United States) and RAI Products (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Segnaletica (Italy), Elderlee (United States), Traffic Signs & Safety Inc. (United Kingdom) and Lyle Signs (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Traffic Signs market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Traffic Signs market by Type, Application and Region.
On the basis of geography, the market of Traffic Signs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising number of road accidents is boosting the market growth. The road accidents are caused due to over speeding, drunken driving, distractions, or avoiding safety gears. In the developing countries the road accidents are increasing due to rising urbanization which us leading to increased number of vehicle on the road. These factors are fueling the market growth.
Market Trend
- Adoption of LED Traffic Signs and Signals
Opportunities
- Strict Government Rules are contributing towards the Market Growth
- Increasing Traffic Volumes are fueling the Market Growth
Challenges
- Increased Traffic Congestion May Hamper the Market Growth
Market Leaders and their expansionary development strategies
In July 2018, Novalis has signed an agreement to acquire Aleris which is a supplier of rolled aluminum products.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase