Market Research Report Global Traffic Safety Equipment Market Report

Global Traffic Safety Equipment Market Grow at
a CAGR of 6.60% during 2017-2021 - MRH
Market Research Hub (MRH) has recently announced the addition of a fresh report,
titled “Global Traffic Safety Equipment Market 2017-2021” to its report offerings.
The report covers the present scenario and the growth prospects of the global traffic
safety equipment market for 2017-2021. It forecast the global traffic safety
equipment market to grow at a CAGR of 6.60% during the period 2017-2021.
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Traffic safety equipment plays a crucial role in road safety management. It is
essential to maintain safety on the roads for pedestrians, as well as drivers. Increasing
accidents and fatalities are driving the demand for traffic safety equipment. Another
factor driving this demand is the rise in transport infrastructure investment
worldwide to improve the operational performance of road transport, including
traffic management, vehicle tracking, and additional road networks. APAC will have
the largest transport infrastructure market with an investment increasing from $500
billion per year to nearly $850 billion per year by 2025.
Technavios analysts forecast the global traffic safety equipment market to grow at a
CAGR of 6.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global traffic
safety equipment market for 2017-2021. To calculate the market size, the report
considers the revenue generated from the sales of traffic safety equipment.