Traffic Safety Equipment Market to Record 3.22% CAGR by 2025 | 3M Co.

NEW YORK, Jan. 17, 2022 /PRNewswire/ — The traffic safety equipment market is expected to grow by USD 503.49 mn at a CAGR of 3.22% from 2020 to 2025. Technavio’s report is compiled on research from a mix of primary interviews and secondary research, along with analytical tools that have been used to build the forecast and predictive models. The report comprises a detailed analysis of emerging market trends, regional outlook, competitive landscape, and comprehensive analysis on different market segments to help you to plan your business strategies.

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All major aspects that include detailed analysis of market overview, market drivers, opportunities, potential application are covered. Both qualitative & quantitative analyses are focused in a better way to help you with decision-making strategies.

Top Key players of Traffic Safety Equipment Market covered:

• 3M Co.

• Avery Dennison Corp.

• Brady Corp.

• Honeywell International Inc.

• Lindsay Corp.

• RoadSafe Traffic Systems Inc.

• Shenzhen LuMing Traffic Equipment Co. Ltd.

• SWARCO AG

• Traffic Technologies Ltd.

• Valmont Industries Inc.

The traffic safety equipment market will be driven by increasing road accidents to achieve growth opportunities. However, factors such as the negative impact of weather on traffic safety products will impede the growth of the market participants.

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• Traffic Safety Equipment Market Split by Product

• Traffic Safety Equipment Market Split by End-user

• Traffic Safety Equipment Market Split by Geography

The regional distribution of the traffic safety equipment market is considered for this market analysis, the result of which is utilized to estimate the performance of the global market over the period 2021-2025.

Regional Analysis

The traffic safety equipment market research report sheds light on the foremost regions: APAC, North America, Europe, MEA, and South America. APAC will account for 31% of the market’s growth during the forecast period. China and Japan are the key countries for the traffic safety equipment market in APAC. However, market growth in this region will be slower than the growth of the market in South America. The rise in traffic and the increase in the number of traffic-related fatalities are the main reasons that will drive the traffic safety equipment market growth in APAC during the forecast period.

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Imperative Insights on the following aspects:

• What was the size of the global traffic safety equipment industry by value in 2020?

• What will be the size of the global traffic safety equipment industry in 2025?

• What factors are affecting the strength of competition in the global traffic safety equipment industry?

• How has the industry performed over the last five years?

• What are the main segments…