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The global road safety market attained a value of about USD 3.63 billion in 2023. The road safety market is further expected to grow in the forecast period of 2024-2032 at a CAGR of nearly 9% to reach a value of around USD 7.88 billion by 2032. The road safety market is primarily being driven by the rising number of road accidents resulting in an increasing demand for road safety measures.
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Road safety is the set of strategies and measures that avoid death or serious injury to commuters using the road. Typical commuters who use the road are pedestrians, cyclists, car drivers, and public road passengers (mainly buses).
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Based on the components, the road safety market can be divided into solutions and services.
Solutions can be further divided into:
The enforcement solution is further segmented as follows:
Services can be divided into professional services and managed services.
Professional services are further divided into the following:
The EMR report looks into the regional road safety markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Factors like increased mobility, increased vehicle adoption, and rising traffic are expected to increase the demand for road safety. The construction of safer roads, improving facilities to protect pedestrians and cyclists, and implementing safer riding initiatives would minimize road injury and contribute to the health among the public. Therefore, the leading global players are increasingly concentrating on the production of goods that provide road safety and incorporate systems into different technologies to enhance performance at a lower cost, thus, propelling the growth of the road safety market.
The report presents a detailed analysis of the following key players in the global road safety market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the road safety market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global road safety market attained a value of nearly USD 3.63 billion.
The market is projected to grow at a CAGR of 9% between 2023 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.88 billion by 2032.
The major drivers of the market include the rising number of road accidents, increasing public awareness about road safety, and the implementation of stringent regulations by various governments to prevent road accidents.
The key trends guiding the growth of the market include the development of safer roads, growing technological advancements, and improving facilities to protect pedestrians.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Solutions and services are the major components in the global road safety market.
The major players in the market are Jenoptik AG, Kapsch TrafficCom AG, Sensys Gatso Group AB, Verra Mobility Corporation, Teledyne FLIR LLC, and Motorola Solutions, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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