Traffic Signs Market (Updated Version Available)

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.
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.

The report offers detailed coverage of Traffic Signs industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Traffic Signs by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Traffic Signs market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Traffic Signs market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
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

At the same time, we classify Traffic Signs according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
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
Market by Application
Guide and Direction Signs
Warning Signs
Regulatory Signs
Other Signs

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Traffic Signs market for the forecast period 2021 - 2025?
• What are the driving forces in the Traffic Signs market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Traffic Signs industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?