21:28 | 15.08.2018
Global Road Stud and Delineator Market 2018-2022 | Increasing Incidence of Road Accidents Boosts Growth | Technavio
The global road stud and delineator market is expected to post a CAGR of
over 5% during the period 2018-2022, according to the latest
market research report by Technavio.
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Technavio has published a new market research report on the global road stud and delineator market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing
incidence of road accidents. A major number of road accidents occur
because of human errors such as over speeding, drunk driving, and
non-compliance and adherence to traffic rules. Additionally, poor
infrastructure facilities and lack of implementation of proper road
safety equipment and devices are other main causes of road accidents.
This market research report on the global
road stud and delineator market 2018-2022 also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the development of solar road studs
as one of the key emerging trends in the global road stud and delineator
Global road stud and delineator market:
Development of solar road studs
The demand for solar-powered road studs, which ensure passenger safety
on city roads, highways, construction sites, railway platforms, and
airports is increasing continuously. Solar road studs are solar-powered
LED studs, which are mainly used during construction activities to
demarcate road edges and center lines.
“One of the important features of solar studs is that it emits a
minimum scattering light, making it visible even at 900 meters under
clear weather conditions. Solar studs offer 10 times the visual range
over conventional road studs. Thus, vendors are concentrating on
continuous R&D activities on LED-based traffic safety equipment,” says
a senior analyst at Technavio for research on construction.
Global road stud and delineator market:
This market research report segments the global road stud and delineator
market by product (road stud and road delineator) and geography (APAC,
EMEA, and the Americas).
The road stud segment held the largest market share in 2017, accounting
for nearly 69% of the market. This product segment is expected to
dominate the global market throughout the forecast period.
The Americas led the market in 2017 with close to 39% of the market
share, followed by APAC and EMEA respectively. APAC is expected to
witness the fastest growth during the forecast period.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005665/en/