The traffic safety products market in the US is forecast to grow at a CAGR of 5.24% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Increasing concern about worker safety will be a key trend for market growth. Many roads, bridges, and highways need repair in the US. It is estimated that more than $3.3 trillion will be required to repair and replace old infrastructure in the country.
With the aging highway infrastructure, many transportation organizations are focusing on improving and rebuilding existing roadways. So, roadwork activities are increasing in the US. The construction work is carried out at night to avoid the heavy traffic during peak hours. This has increased safety concerns about highway workers.
According to the report, short repurchase cycle will be a key driver for market growth. Traffic safety products have a short lifespan. For instance, manufacturers claim that a traffic cone made of PVC has an average lifespan of two to three years. However, these cones often do not last more than one year as many are either stolen or destroyed in accidents. Studies reveal that every year, about one-fifth of cones purchased by government bodies goes missing.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- The Traffic Safety Store
- Global Industrial
- Highway Signals
- MCR Safety
- MSC Industrial Direct
- Pexco Davidson Traffic Control Products
- RoadSafe Traffic Systems
- Roadtech Manufacturing
- Safety Cones USA
- Safety Smart Gear
- The Cortina Companies
- Traffic Safety and Supply Company
- W.W. Grainger
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
PART 14: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/w5wrr9/traffic_safety
Related Topics: Automotive Safety
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