Global Traffic Safety Equipment Market Overview:
The traffic safety equipment provides visible and physical barriers that help to control traffic flow. Traffic safety equipment used for the direction of highway traffic in case of an accident, road construction, to mark dangerous curves or to provide barriers to traffic in parking lots and garages. It helps to manage routine or daily traffic on roadways and highway systems. Traffic safety equipment includes brightly colored or reflective cones, flares or flashing lights, barrels and reflective tapes. This type of equipment also used to protect sensitive facilities such as airports and restricted buildings.
- Increased Accidents and Injuries on Road in Developing Counties
- Increasing Number of Vehicles per Year
- Government Safety Initiatives
- Trend of Environment-Friendly Traffic Safety Products
- Low Durability of the Products
- Rising Demand for Safety Equipment with Improved Quality and Technological Innovations
- Various Environmental Conditions Affect Traffic Safety Products
Some of the key players profiled in the report are Avery Dennison (United States), 3M (United States), Honeywell (United States), Ergodyne (United States), Emedco (United States), SWARCO (Austria), Evelux USA (United States), Pexco (United States), Roadtech Inc (United States) and RoadSafe Traffic Systems (United States). Additionally, following companies can also be profiled that are part of our coverage like Tamis Corporation (United States), Cortina (United States) and TrafFix Devices (United States). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Traffic Safety Equipment market by 2024.
On 4th October 2017, 3M completed its acquisition of Scott Safety from Johnson Controls. Scott Safety is a premier manufacturer of innovative products like gas and flame detection instruments and other safety devices.
On 11th September 2018, Avery Dennison launched a new portfolio of reflective vinyl films. The new reflective films can provide increased visibility in a variety of applications, including indoor signage, outdoor signage, striping, fleet wraps etc.
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 provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Traffic Safety Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Traffic Safety Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Traffic Safety Equipment Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.