Traffic control services market size to grow by USD 7,996.27 million from 2022 to 2027, Growing initiatives on road safety to drive growth - Technavio

NEW YORK, March 9, 2023 /PRNewswire/ -- According to Technavio, the global traffic control services market size is estimated to grow by USD 7,996.27 million from 2022 to 2027. The market is estimated to grow at a CAGR of 8% during the forecast period. Moreover, the growth momentum will accelerate. The growing initiatives on road safety, the increasing number of road accidents, and the increasing need to organize traffic movement are driving the traffic management market growth. However, factors such as a lack of skilled traffic management staff may impede market growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

The growing initiatives on road safety are driving the traffic management market growth. Traffic control services, such as lane closures and detours, flagging operations, and sign installations, can prevent vehicles from crashing. Road safety programs have a positive influence on traffic control services. For instance, in 2020, the Government of India announced a plan to improve road safety across the country. The country plans to reduce accident fatalities by 30% during a four-year period. Thus, the rise in road safety programs to lower the number of road fatalities will fuel the market for traffic control services.

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Traffic control services market - Segmentation assessment
Segment overview
Technavio has segmented the market based on application (highway, street, and others) and type (event safety, traffic pacing, advanced warning sign installation, traffic control drawings, and others). 

• The highway segment will account for a significant share of the market growth during the forecast period. The demand for traffic control services on highways has increased owing to the rising number of vehicles and the increasing number of road accidents. Therefore, proper traffic pacing is required to slow down the speed of vehicles. These factors will drive the growth of the segment during the forecast period.

Geography overview
Based on geography, the global traffic control services market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global traffic control services market.

• North America is estimated to account for 39% of the growth of the global traffic management market during the forecast period. The US is the largest contributor to market growth in the region. The increasing number of traffic jams, the high cost of developing new road infrastructure, and the need to improve overall road safety are some of the major factors driving the growth of the market in North America.

Insights on the market contribution of various segments, including country- and region-
wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a
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Traffic control services market – Market dynamics

Leading trends influencing the market 

• The increasing number of vehicles is a key trend in the traffic management market.
• As a result, there is a high demand for better safety measures to avoid accidents and injuries.
• Though the COVID-19 pandemic led to a slowdown in global automobile sales in 2020, car sales recovered in 2021 across major countries such as the US, China, and Japan due to the ease of lockdown restrictions and large-scale vaccination drives.
• For instance, in H1 2021, the automobile market in Japan rose by 12% when compared to the previous year.
• Therefore, the increasing number of vehicles on roads has increased the demand for road safety, which will support the growth of the market during the forecast period.

Major challenges hindering the market growth

• The lack of skilled traffic management staff is challenging the traffic management market growth.
• Traffic control service companies need skilled staff to manage traffic congestion and other issues.
• The staff has to undergo certification courses to use the equipment and traffic control services effectively.
• However, traffic controllers may not have knowledge about all types of equipment and practices used in traffic control services.
• Therefore, the lack of trained professionals leads to miscommunication with traffic authorities, which will impede the growth of the market during the forecast period.

Insights on market trends and challenges, historic period (2017 to 2021), and forecast
period (2023 to 2027) - Request a sample report!

What are the key data covered in this traffic control services market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the traffic control services market between 2023 and 2027
• Precise estimation of the size of the traffic control services market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the traffic control services market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of traffic control services market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global traffic control services market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global traffic control services market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Highway - Market size and forecast 2022-2027
• Exhibit 34: Chart on Highway - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Highway - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Highway - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Highway - Year-over-year growth 2022-2027 (%)

• 6.4 Street - Market size and forecast 2022-2027
• Exhibit 38: Chart on Street - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Street - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Street - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Street - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)
• Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Event safety - Market size and forecast 2022-2027
• Exhibit 52: Chart on Event safety - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Event safety - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Event safety - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Event safety - Year-over-year growth 2022-2027 (%)

• 7.4 Traffic pacing - Market size and forecast 2022-2027
• Exhibit 56: Chart on Traffic pacing - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Traffic pacing - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Traffic pacing - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Traffic pacing - Year-over-year growth 2022-2027 (%)

• 7.5 Advanced warning sign installation - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Advanced warning sign installation - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Advanced warning sign installation - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Advanced warning sign installation - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Advanced warning sign installation - Year-over-year growth 2022-2027 (%)

• 7.6 Traffic control drawings - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Traffic control drawings - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Traffic control drawings - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Traffic control drawings - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Traffic control drawings - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Type 
• Exhibit 72: Market opportunity by Type ($ million)
• Exhibit 73: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 111: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ million)
• Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 Barricade Traffic Services Inc. 
• Exhibit 127: Barricade Traffic Services Inc. - Overview
• Exhibit 128: Barricade Traffic Services Inc. - Product / Service
• Exhibit 129: Barricade Traffic Services Inc. - Key offerings

• 12.4 Colorado Barricade Co. 
• Exhibit 130: Colorado Barricade Co. - Overview
• Exhibit 131: Colorado Barricade Co. - Product / Service
• Exhibit 132: Colorado Barricade Co. - Key offerings

• 12.5 GardaWorld Security Corp. 
• Exhibit 133: GardaWorld Security Corp. - Overview
• Exhibit 134: GardaWorld Security Corp. - Product / Service
• Exhibit 135: GardaWorld Security Corp. - Key news
• Exhibit 136: GardaWorld Security Corp. - Key offerings

• 12.6 Nationwide Traffic Solutions 
• Exhibit 137: Nationwide Traffic Solutions - Overview
• Exhibit 138: Nationwide Traffic Solutions - Product / Service
• Exhibit 139: Nationwide Traffic Solutions - Key offerings

• 12.7 RoadSafe Traffic Systems Inc. 
• Exhibit 140: RoadSafe Traffic Systems Inc. - Overview
• Exhibit 141: RoadSafe Traffic Systems Inc. - Product / Service
• Exhibit 142: RoadSafe Traffic Systems Inc. - Key offerings

• 12.8 Roadway Construction Service 
• Exhibit 143: Roadway Construction Service - Overview
• Exhibit 144: Roadway Construction Service - Product / Service
• Exhibit 145: Roadway Construction Service - Key offerings

• 12.9 SWARCO AG 
• Exhibit 146: SWARCO AG - Overview
• Exhibit 147: SWARCO AG - Product / Service
• Exhibit 148: SWARCO AG - Key news
• Exhibit 149: SWARCO AG - Key offerings

• 12.10 The Barricade Co. 
• Exhibit 150: The Barricade Co. - Overview
• Exhibit 151: The Barricade Co. - Product / Service
• Exhibit 152: The Barricade Co. - Key offerings

• 12.11 The Traffic Management Co. 
• Exhibit 153: The Traffic Management Co. - Overview
• Exhibit 154: The Traffic Management Co. - Product / Service
• Exhibit 155: The Traffic Management Co. - Key offerings

• 12.12 Traffic Control Co. 
• Exhibit 156: Traffic Control Co. - Overview
• Exhibit 157: Traffic Control Co. - Product / Service
• Exhibit 158: Traffic Control Co. - Key offerings

• 12.13 Traffic Management Inc. 
• Exhibit 159: Traffic Management Inc. - Overview
• Exhibit 160: Traffic Management Inc. - Product / Service
• Exhibit 161: Traffic Management Inc. - Key offerings

• 12.14 Traffic Safety 
• Exhibit 162: Traffic Safety - Overview
• Exhibit 163: Traffic Safety - Product / Service
• Exhibit 164: Traffic Safety - Key offerings

• 12.15 Traffic Safety and Management Ltd. 
• Exhibit 165: Traffic Safety and Management Ltd. - Overview
• Exhibit 166: Traffic Safety and Management Ltd. - Product / Service
• Exhibit 167: Traffic Safety and Management Ltd. - Key offerings

• 12.16 Traffic Safety Services Inc. 
• Exhibit 168: Traffic Safety Services Inc. - Overview
• Exhibit 169: Traffic Safety Services Inc. - Product / Service
• Exhibit 170: Traffic Safety Services Inc. - Key offerings

• 12.17 Triumph Traffic 
• Exhibit 171: Triumph Traffic - Overview
• Exhibit 172: Triumph Traffic - Product / Service
• Exhibit 173: Triumph Traffic - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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