Global Road Studs Market, By Material (Plastic, Aluminium, Steel), Application (Highways, Airports, Roadways, Car Parks, Railway Platforms, Transit Areas), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Road Studs Market
Road studs market will expect to grow at a rate of 5.0% for the forecast period of 2021 to 2028. Road studs market report analyses the growth, which is currently being growing due to the increasing incidence of road accidents across the globe.
Road studs are instruments for the demarcation of road edges and centrelines embedded on road surfaces. Road studs are designed to protect and minimise the risk of collisions, monitor errant movement of vehicles, and improve road safety. Solar road studs are maintenance-free LED blinking solar cell-powered lighting systems used for delineating road edges and centrelines in road construction. They are an electronic upgrade on the typical cat's eyes embedded in the road surface, in that they can provide drivers with more than a thirty-second reaction window compared to only 3 seconds for standard reflective devices. The LEDs' extreme visibility makes them easily visible under ideal conditions at distances of around 900 m.
The growing number of road accidents occur due to human errors such as over speeding, drunk driving, and non-compliance and adherence to traffic rules, increasing demand for solar-powered road studs, which ensure passenger safety on city roads, highways, construction sites, railway platforms, and airports, rising number of initiative by the government to create awareness among the people regarding road safety are some of the major as well as vital factors which will likely to augment the growth of the road studs market in the projected timeframe of 2021-2028. On the other hand, emergence of smart cities, increasing number of population and national security along with increase in infrastructural development projects and improvement in the operational performance of road transport systems which will further contribute by generating massive opportunities that will lead to the growth of the road studs market in the above mentioned projected timeframe.
Poor infrastructure facilities along with lack of implementation of proper road safety equipment and devices and high cost of product which will likely to act as market restraints factor for the growth of the road studs in the above mentioned projected timeframe. Increasing number of issues regarding the installation of product will become the biggest and foremost challenge for the growth of the market.
This road studs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on road studs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Road Studs Market Scope and Market Size
Road studs market is segmented on the basis of material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the road studs market is segmented into plastic, aluminium, and steel.
- Road studs market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for road studs market includes highways, airports, roadways, car parks, railway platforms, and transit areas.
Road Studs Market Country Level Analysis
Road studs market is analysed and market size, volume information is provided by country, material and application as referenced above.
The countries covered in the road studs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
China, and Japan dominates the Asia-Pacific road studs market due to the surging levels of investment for the development of improved and advanced infrastructure along with rising number of initiatives by the government to create awareness among the people regarding road safety in the region. The U.S. is expected to hold the largest growth rate in the North America road studs market during the forecast period of 2021-2028 due to the increasing number of road accidents in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Road Studs Market Share Analysis
Road studs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to road studs market.
The major players covered in the road studs market report are 3M; Lindsay Corporation.; Marwood Group Ltd; Nucor Corporation; SWARCO; Dev Plastics.; Valmont Industries, Inc.; VOLKMANN & ROSSBACH GmbH & Co. KG; HARDING TRAFFIC; Plasticade; Rennicks Group Limited; Solar Markers Co.; SolarPath USA; Tritech Sdn Bhd; YNM PAN GLOBAL TRADE PVT.LTD; Deepak Trading Corporation.; Kohinoor Enterprises.; M/s Oscar Safety Solutions.; Safe Hands Industrial Products.; Xensis India.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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