Portland, OR -- (SBWIRE) -- 08/11/2017 -- A traffic safety system plays a crucial role in road safety management for drivers and pedestrians. This system consists of equipment and services designed to prevent and reduce the risk of accidents, control curb errant vehicle movement, and ensure a safe commute for every individual. The components of a traffic safety system include truck escape ramps, median barriers and end treatments, crash cushions, guardrail, and breakaway supports for signs and light standards.

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The global traffic safety system market is driven by continuous increase in accidents and fatalities; introduction of technologically advanced safety systems; growth in innovations in traffic safety products; and rise in transport infrastructure investment to enhance operational performance of traffic management, road transport, vehicle tracking, and road networks. However, negative impact of weather on traffic safety systems and its lengthy transaction cycles limit the market growth. Furthermore, surge in number of government initiatives and investments is expected to provide numerous opportunities for development.

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The global traffic safety system market is segmented on the basis of end user, product, and region. End users covered in this study include commercial, industrial, and municipal sectors. Based on product, the market is categorized into traffic vests and rainwear, tube delineators, traffic cones, traffic barricades, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global traffic safety system market include 3M, Honeywell International Inc., Ergodyne, Traffic Safety Store, Emedco, MCR Safety, Pexco Davidson Traffic Control Products, RoadSafe Traffic Systems, Inc., Roadtech Manufacturing, and The Cortina Companies.

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By End User

Commercial
Industrial
Municipal

By Product

Traffic Vests and Rainwear
Tube Delineators
Traffic Cones
Traffic Barricades
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players Profiled in the Report

3M
Honeywell International Inc.
Ergodyne
Traffic Safety Store
Emedco
MCR Safety
Pexco Davidson Traffic Control Products
RoadSafe Traffic Systems, Inc.
Roadtech Manufacturing
The Cortina Companies