The global road stud and delineator market size is poised to grow by USD 399.73 million during 2020-2024, progressing at a CAGR of over 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Road Stud and Delineator Market 2020-2024 (Graphic: Business Wire)
The rising number of accidents has led to an increase in investments in transportation infrastructure, which will drive the growth of the road stud and delineator market during the forecast period. In addition, a fast and efficient road transport system plays a vital role in the development of a country's economy as it enables expansion of businesses and meets the requirements of the growing population and ensures national security. Projects involving transport infrastructure development have a direct and positive influence on the growth of the global road stud and delineator market, as they reinforce road safety and reduce the risk of road crashes and road traffic mishaps. Thus, the increase in investment in transport infrastructure and the rise in government spending on traffic safety equipment is expected to drive the growth of the global road stud and delineator market.
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Report Highlights:
- The major road stud and delineator market growth came from the road studs segment during the forecast period.
- APAC was the largest road stud and delineator market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increase in government funding on infrastructure development and road safety initiatives.
- The global road stud and delineator market is fragmented. 3M Co., American Louver Co., Brady Corp., Lindsay Corp., Marwood Group Ltd., Nucor Corp., SWARCO AG, ThreeD Plastics Inc., Valmont Industries Inc., and VOLKMANN ROSSBACH GmbH Co. KG. are some of the major market participants. To help clients improve their market position, this road stud and delineator market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global road stud and delineator market 2020-2024 is expected to have neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.
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Rising investment in transportation infrastructure will be a Key Market Trend
A recent study conducted in 2018 by the International Transport Forum (ITF) estimated that nearly 1.3-1.5 million deaths occur due to road crashes across the globe every year. The increase in road accidents has an impact on traffic regulations, which is prompting governments to take initiatives and invest in road safety equipment. This will drive the growth of the road stud and delineator market during the forecast period.
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Road Stud and Delineator Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist road stud and delineator market growth during the next five years
- Estimation of the road stud and delineator market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the road stud and delineator market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of road stud and delineator market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Road stud Market size and forecast 2019-2024
- Road delineator Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- American Louver Co.
- Brady Corp.
- Lindsay Corp.
- Marwood Group Ltd.
- Nucor Corp.
- SWARCO AG
- ThreeD Plastics Inc.
- Valmont Industries Inc.
- VOLKMANN ROSSBACH GmbH Co. KG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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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