This Traffic Equipment market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The traffic equipment market size has grown strongly in recent years. It will grow from $7.64 billion in 2024 to $8.17 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in investment, high incidence of accidents, increasing traffic volumes, development of road infrastructure, and stringent government regulations.
The traffic equipment market size is expected to see strong growth in the next few years. It will grow to $10.55 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the surge in demand for sustainable traffic solutions, concerns related to carbon emissions, growth in the population, increasing need for public security, and increasing adoption of smart traffic management solutions. Major trends in the forecast period include technological advancements, developments in traffic management technologies, the introduction of mobility as a service (MaaS), automated technology solutions, and integrated sensors.
The increasing incidence of road accidents is anticipated to drive growth in the traffic equipment market in the coming years. Road accidents are defined as incidents occurring on roadways involving vehicles, pedestrians, or cyclists, resulting in injuries, fatalities, or property damage. These accidents are often attributed to factors such as human error, vehicle malfunctions, and adverse weather conditions. Contributing factors to the rising number of road accidents include distracted driving, speeding, driving under the influence of alcohol or drugs, poor road conditions, and a lack of experience among drivers. Traffic equipment, including cones, barriers, and warning signs, plays a crucial role in managing road accidents by directing traffic, ensuring safety, and preventing additional collisions. For example, in January 2024, the Road Safety Authority, an Ireland-based state agency dedicated to promoting road safety, reported a 19% increase in road fatalities in 2023, with 184 deaths in 173 fatal collisions, compared to 155 deaths in 149 collisions in 2022. Therefore, the growing number of road accidents is propelling the traffic equipment market.
Key companies within the traffic equipment sector are focusing on the development of advanced products, such as next-generation traffic controllers, to improve traffic flow efficiency and enhance road safety. Next-generation traffic controllers are sophisticated traffic management systems designed to optimize traffic flow and improve safety by integrating real-time data from various sources, including sensors and connected vehicles, while employing cutting-edge technologies such as artificial intelligence and machine learning for enhanced decision-making and operational efficiency. For instance, in April 2023, Yunex Traffic, a Germany-based company that specializes in developing innovative mobility ecosystems, launched the Yutraffic Blade Advanced Traffic Controller Platform. This advanced computing system features a dual-core processor, customizable analytics, CV2X capabilities, and a 7-inch touchscreen, making it capable of managing complex intersection traffic control both now and in the future.
In January 2024, RoadSafe Traffic Systems, a US-based company providing traffic control and pavement marking services, acquired B.C. Cannon Co. Inc. for an undisclosed sum. This acquisition aims to expand RoadSafe's presence in the traffic safety industry, while B.C. Cannon Co. Inc. will enhance its service offerings and strengthen its position in the traffic control market. B.C. Cannon Co., Inc. is a US-based provider specializing in traffic safety solutions.
Major companies operating in the traffic equipment market are Honeywell International Inc., 3M Company, Siemens Mobility, Indra Sistemas S.A., Brady Worldwide Inc., SWARCO, Jenoptik Group, 3A Composites GmbH, Kapsch TrafficCom, RoadSafe Traffic Systems Inc., Pexco LLC, The Cortina Companies, TrafFix Devices Inc., Fortran Traffic Systems Limited, Metro Infrasys Pvt. Ltd., Omnitec Group, All Traffic Solutions, Gatekeeper Security Inc., Evelux USA, North America Traffic, Roadtech Manufacturing, Cubic Corporation.
Asia-Pacific was the largest region in the traffic equipment market in 2023. The regions covered in the traffic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the traffic equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Traffic equipment encompasses a range of tools and devices designed to regulate, manage, and monitor the movement of vehicles and pedestrians on roads and highways. This category includes traffic lights, signage, cones, barriers, speed cameras, and electronic signaling systems, all of which play a crucial role in enhancing road safety, optimizing traffic flow, and minimizing accidents.
The primary types of traffic equipment include traffic safety barriers, traffic cones, traffic safety signs, shell protection, digital solutions, running plates, traffic beams, shut-off gates, tenting, among others. Traffic safety barriers are longitudinal systems deployed to protect vehicles from roadside hazards, effectively preventing them from veering off the roadway and colliding with dangerous obstacles such as steep slopes, boulders, or bridge abutments. Traffic management solutions comprise smart signaling, route guidance and optimization, traffic analytics, smart surveillance, automatic number plate recognition (ANPR), facial recognition, pedestrian detection, incident detection, and more. The applications for traffic control include urban traffic management, highway oversight, inter-urban transit, parking management, info-mobility, public transport, tolling, construction zone management, and others. Distribution channels for these products include direct sales, government agencies, distributors, and online platforms. The end-users span a diverse range of sectors, including government and municipal authorities, construction firms, transportation agencies, commercial and residential properties, educational institutions, airports and seaports, industrial entities, and more.
The traffic equipment market research report is one of a series of new reports that provides traffic equipment market statistics, including traffic equipment industry global market size, regional shares, competitors with a traffic equipment market share, detailed traffic equipment market segments, market trends and opportunities, and any further data you may need to thrive in the traffic equipment industry. This traffic equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The traffic equipment market consists of sales of products such as warning signs, folding barricades, and reflective tape. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The traffic equipment market size has grown strongly in recent years. It will grow from $7.64 billion in 2024 to $8.17 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in investment, high incidence of accidents, increasing traffic volumes, development of road infrastructure, and stringent government regulations.
The traffic equipment market size is expected to see strong growth in the next few years. It will grow to $10.55 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the surge in demand for sustainable traffic solutions, concerns related to carbon emissions, growth in the population, increasing need for public security, and increasing adoption of smart traffic management solutions. Major trends in the forecast period include technological advancements, developments in traffic management technologies, the introduction of mobility as a service (MaaS), automated technology solutions, and integrated sensors.
The increasing incidence of road accidents is anticipated to drive growth in the traffic equipment market in the coming years. Road accidents are defined as incidents occurring on roadways involving vehicles, pedestrians, or cyclists, resulting in injuries, fatalities, or property damage. These accidents are often attributed to factors such as human error, vehicle malfunctions, and adverse weather conditions. Contributing factors to the rising number of road accidents include distracted driving, speeding, driving under the influence of alcohol or drugs, poor road conditions, and a lack of experience among drivers. Traffic equipment, including cones, barriers, and warning signs, plays a crucial role in managing road accidents by directing traffic, ensuring safety, and preventing additional collisions. For example, in January 2024, the Road Safety Authority, an Ireland-based state agency dedicated to promoting road safety, reported a 19% increase in road fatalities in 2023, with 184 deaths in 173 fatal collisions, compared to 155 deaths in 149 collisions in 2022. Therefore, the growing number of road accidents is propelling the traffic equipment market.
Key companies within the traffic equipment sector are focusing on the development of advanced products, such as next-generation traffic controllers, to improve traffic flow efficiency and enhance road safety. Next-generation traffic controllers are sophisticated traffic management systems designed to optimize traffic flow and improve safety by integrating real-time data from various sources, including sensors and connected vehicles, while employing cutting-edge technologies such as artificial intelligence and machine learning for enhanced decision-making and operational efficiency. For instance, in April 2023, Yunex Traffic, a Germany-based company that specializes in developing innovative mobility ecosystems, launched the Yutraffic Blade Advanced Traffic Controller Platform. This advanced computing system features a dual-core processor, customizable analytics, CV2X capabilities, and a 7-inch touchscreen, making it capable of managing complex intersection traffic control both now and in the future.
In January 2024, RoadSafe Traffic Systems, a US-based company providing traffic control and pavement marking services, acquired B.C. Cannon Co. Inc. for an undisclosed sum. This acquisition aims to expand RoadSafe's presence in the traffic safety industry, while B.C. Cannon Co. Inc. will enhance its service offerings and strengthen its position in the traffic control market. B.C. Cannon Co., Inc. is a US-based provider specializing in traffic safety solutions.
Major companies operating in the traffic equipment market are Honeywell International Inc., 3M Company, Siemens Mobility, Indra Sistemas S.A., Brady Worldwide Inc., SWARCO, Jenoptik Group, 3A Composites GmbH, Kapsch TrafficCom, RoadSafe Traffic Systems Inc., Pexco LLC, The Cortina Companies, TrafFix Devices Inc., Fortran Traffic Systems Limited, Metro Infrasys Pvt. Ltd., Omnitec Group, All Traffic Solutions, Gatekeeper Security Inc., Evelux USA, North America Traffic, Roadtech Manufacturing, Cubic Corporation.
Asia-Pacific was the largest region in the traffic equipment market in 2023. The regions covered in the traffic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the traffic equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Traffic equipment encompasses a range of tools and devices designed to regulate, manage, and monitor the movement of vehicles and pedestrians on roads and highways. This category includes traffic lights, signage, cones, barriers, speed cameras, and electronic signaling systems, all of which play a crucial role in enhancing road safety, optimizing traffic flow, and minimizing accidents.
The primary types of traffic equipment include traffic safety barriers, traffic cones, traffic safety signs, shell protection, digital solutions, running plates, traffic beams, shut-off gates, tenting, among others. Traffic safety barriers are longitudinal systems deployed to protect vehicles from roadside hazards, effectively preventing them from veering off the roadway and colliding with dangerous obstacles such as steep slopes, boulders, or bridge abutments. Traffic management solutions comprise smart signaling, route guidance and optimization, traffic analytics, smart surveillance, automatic number plate recognition (ANPR), facial recognition, pedestrian detection, incident detection, and more. The applications for traffic control include urban traffic management, highway oversight, inter-urban transit, parking management, info-mobility, public transport, tolling, construction zone management, and others. Distribution channels for these products include direct sales, government agencies, distributors, and online platforms. The end-users span a diverse range of sectors, including government and municipal authorities, construction firms, transportation agencies, commercial and residential properties, educational institutions, airports and seaports, industrial entities, and more.
The traffic equipment market research report is one of a series of new reports that provides traffic equipment market statistics, including traffic equipment industry global market size, regional shares, competitors with a traffic equipment market share, detailed traffic equipment market segments, market trends and opportunities, and any further data you may need to thrive in the traffic equipment industry. This traffic equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The traffic equipment market consists of sales of products such as warning signs, folding barricades, and reflective tape. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Traffic Equipment Market Characteristics3. Traffic Equipment Market Trends and Strategies4. Traffic Equipment Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Traffic Equipment Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Traffic Equipment Market34. Recent Developments in the Traffic Equipment Market
5. Global Traffic Equipment Growth Analysis and Strategic Analysis Framework
6. Traffic Equipment Market Segmentation
7. Traffic Equipment Market Regional and Country Analysis
8. Asia-Pacific Traffic Equipment Market
9. China Traffic Equipment Market
10. India Traffic Equipment Market
11. Japan Traffic Equipment Market
12. Australia Traffic Equipment Market
13. Indonesia Traffic Equipment Market
14. South Korea Traffic Equipment Market
15. Western Europe Traffic Equipment Market
16. UK Traffic Equipment Market
17. Germany Traffic Equipment Market
18. France Traffic Equipment Market
19. Italy Traffic Equipment Market
20. Spain Traffic Equipment Market
21. Eastern Europe Traffic Equipment Market
22. Russia Traffic Equipment Market
23. North America Traffic Equipment Market
24. USA Traffic Equipment Market
25. Canada Traffic Equipment Market
26. South America Traffic Equipment Market
27. Brazil Traffic Equipment Market
28. Middle East Traffic Equipment Market
29. Africa Traffic Equipment Market
30. Traffic Equipment Market Competitive Landscape and Company Profiles
31. Traffic Equipment Market Other Major and Innovative Companies
35. Traffic Equipment Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Traffic Equipment Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on traffic equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for traffic equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The traffic equipment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Equipment Type: Traffic Safety Barriers; Traffic Cones; Traffic Safety Signs; Shell Protection; Digital Products; Running Plates; Traffic Beams; Shut-off Gates; Tenting; Other Equipment Types2) By Traffic Management Solution: Smart Signaling; Route Guidance and Route Optimization; Traffic Analytics; Smart Surveillance; Automatic Number Plate Recognition System (ANPR); Facial Recognition; Pedestrian Detection; Incident Detection; Other Traffic Management Solutions
3) By Traffic Control Application: Urban Traffic; Highway Management; Inter-urban; Parking Management; Info-mobility; Public Transport; Tolling; Construction Zone; Other Traffic Control Applications
4) By Distribution Channel: Direct Sales; Government Agencies; Distributors or Online Platform
5) By End-user: Government and Municipal Authorities; Construction Companies; Transportation Agencies; Commercial and Residential Areas; Education Institutions; Airports and Seaports; Industrial; Other End-users
Subsegments:
1) By Traffic Safety Barriers: Concrete Barriers; Plastic Barriers; Steel Barriers; Portable Barriers2) By Traffic Cones: Standard Traffic Cones; Collapsible Traffic Cones; Lighted Traffic Cones; Weighted Traffic Cones
3) By Traffic Safety Signs: Regulatory Signs; Warning Signs; Informational Signs; Custom Signs
4) By Shell Protection: Shell Panels; Shell Covers; Shell Shields
5) By Digital Products: Digital Message Signs; Radar Speed Signs; Traffic Cameras; Traffic Monitoring Systems
6) By Running Plates: Steel Running Plates; Composite Running Plates; Rubber Running Plates
Key Companies Mentioned: Honeywell International Inc.; 3M Company; Siemens Mobility; Indra Sistemas S.a.; Brady Worldwide Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Traffic Equipment market report include:- Honeywell International Inc.
- 3M Company
- Siemens Mobility
- Indra Sistemas S.A.
- Brady Worldwide Inc.
- SWARCO
- Jenoptik Group
- 3A Composites GmbH
- Kapsch TrafficCom
- RoadSafe Traffic Systems Inc.
- Pexco LLC
- The Cortina Companies
- TrafFix Devices Inc.
- Fortran Traffic Systems Limited
- Metro Infrasys Pvt. Ltd.
- Omnitec Group
- All Traffic Solutions
- Gatekeeper Security Inc.
- Evelux USA
- North America Traffic
- Roadtech Manufacturing
- Cubic Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 8.17 Billion |
| Forecasted Market Value ( USD | $ 10.55 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
