The Global Road Safety Market is expected to be valued at USD 5.77 Billion in 2027 from USD 2.96 Billion in 2019. The rising number of road accidents worldwide is attributing to the industry’s growth. The growing need for road structure improvement to ensure public security is primarily fueling the growth of the sector for road safety.
The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Road Safety business sector. According to our expert team, the corona virus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical. The pandemic is expected to contribute to the potential downturn of the Road Safety industry substantially. Reportedly, this sector has been financially beleaguered since the COVID-19 lockdown restrictions were put into effect. Hence, the report highlights the financial obstacles that have slowed numerous businesses’ progress in this sector and disrupted the global supply chains.
Competitive Overview:
The global Road Safety market report closely studies the functioning mechanisms of the key companies participating in the global market. These companies are said to be following a slew of business expansion strategies to reinforce their financial positions in this market. As per the report, these companies account for a major portion of the overall Road Safety market share. Therefore, this section of the report emphasizes the principal strategic initiatives led by these companies, including mergers & acquisitions, joint ventures, new business deals, new product launches, collaborations, technological upgradation, and several others.
Key Market Players:
REDFLEX HOLDINGS, SWARCO, SENSYS GATSO GROUP, IDEMIA, JENOPTIK, KAPSCH TRAFFICCOM, FLIR SYSTEMS, MOTOROLA SOLUTIONS, SIEMENS, and CUBIC CORPORATION.
Global Road Safety Market Report – Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Road Safety market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Road Safety market size
2.2 Latest trends of the Road Safety market by region
2.3 Key corporate trends
- Global Road Safety Market share by key players
3.1 Global Road Safety Market size by manufacturers
3.2 Global Road Safety Market key players
3.3 Products/solutions/services of major players
3.4 New entrants in the Road Safety market
3.5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Road Safety Market by product type
4.1 Global Road Safety Sales by Product
4.2 Global Road Safety by Product Revenue
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