Traffic Equipment Global Market Report 2024

Global Traffic Equipment Market Report 2024

Traffic Equipment Global Market Report 2024 – By Equipment Type (Traffic Safety Barriers, Traffic Cones, Traffic Safety Signs, Shell Protection, Digital Products, Running Plates, Traffic Beams, Shut-off Gates, Tenting, Other Equipment Types ), By Traffic Management Solution (Smart Signaling, Route Guidance And Route Optimization, Traffic Analytics, Smart Surveillance, Automatic Number Plate Recognition System (ANPR), Facial Recognition, Pedestrian Detection, Incident Detection, Other Traffic Management Solutions), By Traffic Control Application (Urban Traffic, Highway Management, Inter-urban, Parking Management, Info-mobility, Public Transport, Tolling, Construction Zone, Other Traffic Control Applications), By Distribution Channel (Direct Sales, Government Agencies, Distributors), By End-user (Government And Municipal Authorities) – Market Size, Trends, And Global Forecast 2024-2033

Name: Traffic Equipment Global Market Report 2024
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Traffic Equipment Global Market Report 2024

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Traffic Equipment Market Definition

Traffic equipment refers to tools and devices used to control, manage, and monitor vehicle and pedestrian movement on roads and highways. This includes traffic lights, signs, cones, barriers, speed cameras, and electronic signaling systems. The equipment helps ensure road safety, regulate traffic flow, and reduce accidents.

The main types of traffic equipment are traffic safety barriers, traffic cones, traffic safety signs, shell protection, digital products, running plates, traffic beams, shut-off gates, tenting, and others. Traffic safety barriers are longitudinal systems used to shield vehicles from hazards on the edge of a road, preventing them from leaving the roadway and colliding with dangerous obstacles such as steep slopes, boulders, or bridge abutments. The traffic management solutions are smart signaling, route guidance and route optimization, traffic analytics, smart surveillance, automatic number plate recognition system (ANPR), facial recognition, pedestrian detection, incident detection, and others, and the traffic control applications are urban traffic, highway management, inter-urban, parking management, info-mobility, public transport, tolling, construction zone, and others. The distribution channels are direct sales, government agencies, and distributors or online platforms, and they are used by various end-users such as government and municipal authorities, construction companies, transportation agencies, commercial and residential areas, education institutions, airports and seaports, industrial, and others.

Traffic Equipment Market Segmentation

The traffic equipment market covered in this report is segmented –

1) By Equipment Type: Traffic Safety Barriers, Traffic Cones, Traffic Safety Signs, Shell Protection, Digital Products, Running Plates, Traffic Beams, Shut-off Gates, Tenting, Other Equipment Types

2) By Traffic Management Solution: Smart Signaling, Route Guidance And Route Optimization, Traffic Analytics, Smart Surveillance, Automatic Number Plate Recognition System (ANPR), Facial Recognition, Pedestrian Detection, Incident Detection, Other Traffic Management Solutions

3) By Traffic Control Application: Urban Traffic, Highway Management, Inter-urban, Parking Management, Info-mobility, Public Transport, Tolling, Construction Zone, Other Traffic Control Applications

4) By Distribution Channel: Direct Sales, Government Agencies, Distributors Or Online Platform

5) By End-user: Government And Municipal Authorities, Construction Companies, Transportation Agencies, Commercial And Residential Areas, Education Institutions, Airports And Seaports, Industrial, Other End-users

Global Traffic Equipment Market Size 2023 to 2028: Graph

Traffic Equipment Market Size 2024 And Growth Rate

The traffic equipment market size has grown strongly in recent years. It will grow from $7.17 billion in 2023 to $7.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growth in investment, high incidence of accidents, increasing traffic volumes, development of road infrastructure, and stringent government regulations.

Traffic Equipment Market Growth Forecast

The traffic equipment market size is expected to see strong growth in the next few years. It will grow to $9.90 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the surge in demand for sustainable traffic solutions, concerns related to carbon emissions, growth in the population, increasing need for public security, and increasing adoption of smart traffic management solutions. Major trends in the forecast period include technological advancements, developments in traffic management technologies, the introduction of mobility as a service (MaaS), automated technology solutions, and integrated sensors.

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Traffic Equipment Market Driver: Increased Road Fatalities Highlight Demand For Traffic Management Solutions

The growing number of road accidents is expected to propel the growth of the traffic equipment market going forward. Road accidents are incidents that occur on roadways involving vehicles, pedestrians, or cyclists, leading to injuries, fatalities, or damage to property, often caused by factors such as human error, vehicle malfunction, or adverse weather conditions. The growing number of road accidents can be attributed to several factors, including distracted driving, speeding, driving under the influence of alcohol or drugs, poor road conditions, and inexperienced drivers. Traffic equipment, such as cones, barriers, and warning signs, helps manage road accidents by directing traffic, ensuring safety, and preventing further collisions. For instance, in January 2024, according to the Road Safety Authority, an Ireland-based state agency that promotes road safety, in 2023, road fatalities rose by 19%, with 184 deaths in 173 fatal collisions, compared to 155 deaths in 149 collisions in 2022, marking an increase of 29 deaths. Therefore, the growing number of road accidents is driving the traffic equipment market.

Global Traffic Equipment Market Major Players

Major companies operating in the traffic equipment market are Honeywell International Inc., 3M Company, Siemens Mobility, Indra Sistemas S.A., Brady Worldwide Inc., SWARCO, Jenoptik Group, 3A Composites GmbH, Kapsch TrafficCom, RoadSafe Traffic Systems Inc., Pexco LLC, The Cortina Companies, TrafFix Devices Inc., Fortran Traffic Systems Limited, Metro Infrasys Pvt. Ltd., Omnitec Group, All Traffic Solutions, Gatekeeper Security Inc., Evelux USA, North America Traffic, Roadtech Manufacturing, Cubic Corporation

Global Traffic Equipment Market Trend: The Shift Towards Advanced Controllers

Major companies operating in the traffic equipment market are focusing on developing advanced products such as next-generation traffic controllers to improve traffic flow efficiency and enhance road safety. Next-generation traffic controllers are advanced traffic management systems designed to optimize traffic flow and enhance safety by integrating real-time data from various sources, including sensors and connected vehicles while utilizing cutting-edge technologies such as artificial intelligence and machine learning for improved decision-making and operational efficiency. For instance, in April 2023, Yunex Traffic, a Germany-based company that develops innovative mobility ecosystems, launched the Yutraffic Blade Advanced Traffic Controller Platform, a cutting-edge computing system with a dual-core processor, customizable analytics, CV2X capabilities, and a 7-inch touchscreen, designed to handle complex intersection traffic control now and in the future.

Traffic Equipment Market Merger And Acquisition: RoadSafe Traffic Systems Acquires B.C. Cannon Co. Inc. To Boost Traffic Safety Services

In January 2024, RoadSafe Traffic Systems, a US-based company that provides traffic control and pavement marking services, acquired B.C. Cannon Co. Inc. for an undisclosed amount. Through this acquisition, RoadSafe aims to expand its footprint in the traffic safety industry, while B.C. Cannon Co. Inc. will enhance its service offerings and strengthen its position in the traffic control market. B.C. Cannon Co., Inc. is a US-based provider of traffic safety.

Regional Insights For The Global Traffic Equipment Market

Asia-Pacific was the largest region in the traffic equipment market in 2023. The regions covered in the traffic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the traffic equipment market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The traffic equipment market consists of sales of products such as warning signs, folding barricades, and reflective tape. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The traffic equipment market research report is one of a series of new reports from The Business Research Company that provides traffic equipment market statistics, including traffic equipment industry global market size, regional shares, competitors with a traffic equipment market share, detailed traffic equipment market segments, market trends and opportunities, and any further data you may need to thrive in the traffic equipment industry. This traffic equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Traffic Equipment Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2024	$7.64 billion
Revenue Forecast In 2033	$9.90 billion
Growth Rate	CAGR of 6.7% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Equipment Type: Traffic Safety Barriers; Traffic Cones; Traffic Safety Signs; Shell Protection; Digital Products; Running Plates; Traffic Beams; Shut-off Gates; Tenting; Other Equipment Types 2) By Traffic Management Solution: Smart Signaling; Route Guidance And Route Optimization; Traffic Analytics; Smart Surveillance; Automatic Number Plate Recognition System (ANPR); Facial Recognition; Pedestrian Detection; Incident Detection; Other Traffic Management Solutions 3) By Traffic Control Application: Urban Traffic; Highway Management; Inter-urban; Parking Management; Info-mobility; Public Transport; Tolling; Construction Zone; Other Traffic Control Applications 4) By Distribution Channel: Direct Sales; Government Agencies; Distributors Or Online Platform 5) By End-user: Government And Municipal Authorities; Construction Companies; Transportation Agencies; Commercial And Residential Areas; Education Institutions; Airports And Seaports; Industrial; Other End-users
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Honeywell International Inc., 3M Company, Siemens Mobility, Indra Sistemas S.A., Brady Worldwide Inc., SWARCO, Jenoptik Group, 3A Composites GmbH, Kapsch TrafficCom, RoadSafe Traffic Systems Inc., Pexco LLC, The Cortina Companies, TrafFix Devices Inc., Fortran Traffic Systems Limited, Metro Infrasys Pvt. Ltd., Omnitec Group, All Traffic Solutions, Gatekeeper Security Inc., Evelux USA, North America Traffic, Roadtech Manufacturing, Cubic Corporation
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Traffic Equipment Market Characteristics

3. Traffic Equipment Market Trends And Strategies

4. Traffic Equipment Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Traffic Equipment Market Size and Growth

5.1. Global Traffic Equipment Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Traffic Equipment Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Traffic Equipment Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Traffic Equipment Market Segmentation

6.1. Global Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Traffic Safety Barriers

Traffic Cones

Traffic Safety Signs

Shell Protection

Digital Products

Running Plates

Traffic Beams

Shut-off Gates

Tenting

Other Equipment Types

6.2. Global Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Smart Signaling

Route Guidance And Route Optimization

Traffic Analytics

Smart Surveillance

Automatic Number Plate Recognition System (ANPR)

Facial Recognition

Pedestrian Detection

Incident Detection

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Traffic Equipment Market, Segmentation By Traffic Control Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Traffic Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Traffic Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Traffic Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: Honeywell International Inc. Financial Performance

Table 77: 3M Company Financial Performance

Table 78: Siemens Mobility Financial Performance

Table 79: Indra Sistemas S.A. Financial Performance

Table 80: Brady Worldwide Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Traffic Equipment Market, Segmentation By Traffic Control Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Traffic Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Traffic Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Traffic Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Traffic Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Traffic Equipment Market, Segmentation By Traffic Management Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Traffic Equipment Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: Honeywell International Inc. Financial Performance

Figure 77: 3M Company Financial Performance

Figure 78: Siemens Mobility Financial Performance

Figure 79: Indra Sistemas S.A. Financial Performance

Figure 80: Brady Worldwide Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the traffic equipment market?

How will the traffic equipment market drivers and restraints affect the traffic equipment market dynamics? What forces will shape the traffic equipment industry going forward?

The traffic equipment market major growth driver - Increased Road Fatalities Highlight Demand For Traffic Management Solutions. For further insights on the traffic equipment market, request a sample here

What is the forecast market size or the forecast market value of the traffic equipment market?

The traffic equipment market size has grown strongly in recent years. It will grow from $7.17 billion in 2023 to $7.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growth in investment, high incidence of accidents, increasing traffic volumes, development of road infrastructure, and stringent government regulations. The traffic equipment market size is expected to see strong growth in the next few years. It will grow to $9.90 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the surge in demand for sustainable traffic solutions, concerns related to carbon emissions, growth in the population, increasing need for public security, and increasing adoption of smart traffic management solutions. Major trends in the forecast period include technological advancements, developments in traffic management technologies, the introduction of mobility as a service (MaaS), automated technology solutions, and integrated sensors. For further insights on the traffic equipment market, request a sample here

How is the traffic equipment market segmented?

The traffic equipment market is segmented
1) By Equipment Type: Traffic Safety Barriers, Traffic Cones, Traffic Safety Signs, Shell Protection, Digital Products, Running Plates, Traffic Beams, Shut-off Gates, Tenting, Other Equipment Types
2) By Traffic Management Solution: Smart Signaling, Route Guidance And Route Optimization, Traffic Analytics, Smart Surveillance, Automatic Number Plate Recognition System (ANPR), Facial Recognition, Pedestrian Detection, Incident Detection, Other Traffic Management Solutions
3) By Traffic Control Application: Urban Traffic, Highway Management, Inter-urban, Parking Management, Info-mobility, Public Transport, Tolling, Construction Zone, Other Traffic Control Applications
4) By Distribution Channel: Direct Sales, Government Agencies, Distributors Or Online Platform
5) By End-user: Government And Municipal Authorities, Construction Companies, Transportation Agencies, Commercial And Residential Areas, Education Institutions, Airports And Seaports, Industrial, Other End-usersFor further insights on the traffic equipment market, request a sample here

Which region has the largest share of the traffic equipment market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the traffic equipment market in 2023. The regions covered in the traffic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the traffic equipment market, request a sample here.

Who are the major players in the traffic equipment market?

What are the key trends in the traffic equipment market?

Major trend in the traffic equipment market - The Shift Towards Advanced Controllers. For further insights on the traffic equipment market, request a sample here.

What are the major opportunities in the traffic equipment market? What are the strategies for the traffic equipment market?

For detailed insights on the major opportunities and strategies in the traffic equipment market, request a sample here.

How does the traffic equipment market relate to the overall economy and other similar markets?

For detailed insights on traffic equipment market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the traffic equipment industry?

For detailed insights on the mergers and acquisitions in the traffic equipment industry, request a sample here.

What are the key dynamics influencing the traffic equipment market growth? SWOT analysis of the traffic equipment market.

For detailed insights on the key dynamics influencing the traffic equipment market growth and SWOT analysis of the traffic equipment industry, request a sample here.