Global Traffic Signs Market and Investment Breakdown, Insights, Scope, Forecast By 2024

Traffic signs or road signs are signs erected at the side of or above roads to give instructions or provide information to road users. The earliest signs were simple wooden or stone milestones. Later, signs with directional arms were introduced, for example, the fingerposts in the United Kingdom and their wooden counterparts in Saxony.

With traffic volumes increasing since the 1930s, many countries have adopted pictorial signs or otherwise simplified and standardized their signs to overcome language barriers, and enhance traffic safety. Such pictorial signs use symbols (often silhouettes) in place of words and are usually based on international protocols. Such signs were first developed in Europe, and have been adopted by most countries to varying degrees.
At regional level North America (Revenue market share about 29% in 2015) accounted for the largest market share in the year 2015 followed by Europe (Revenue market share about 36% in 2015) and Asia (Revenue market share about 19% in 2015). This is mainly due to intense government support and technological advancements resulting in broader acceptance of the devices.

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Traffic Signs are mass products and in most of the cases represent a sub segment or portfolio of medical device manufacturers with very little scope for product differentiation. This makes the overall market highly competitive and price sensitive in nature.
The Traffic Signs industry major has three applications, such as Guide & Direction Signs, Warning Signs, Regulatory Signs and Others.

According to this study, over the next five years the Traffic Signs market will register a 4.8% CAGR in terms of revenue, the global market size will reach US$ 1120 million by 2024, from US$ 850 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Traffic Signs business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Traffic Signs market by product type, application, key manufacturers and key regions and countries.

This study considers the Traffic Signs value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Mainly Refers to The Areas Above 2 Sqm
Mainly Refers to The Areas Between 1-2 Sqm
Mainly Refers to The Areas Below 1 Sqm
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Guide and Direction Signs
Warning Signs
Regulatory Signs
Other Signs

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
USA Traffic Signs
Swarco Traffic
Novelis
McCain
3M
Lacroix Group
Traffic Signs NZ
Rennicks
Traffic Tech
William Smith
RAI Products
Segnaletica
Elderlee
Traffic Signs & Safety
Lyle Signs
Feiyao Jiao Tong
Haowei Traffic
Schwab Label Factory
Shanghai Luhao
Changeda Traffic

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Traffic Signs consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Traffic Signs market by identifying its various subsegments.
Focuses on the key global Traffic Signs manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Traffic Signs with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Traffic Signs submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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