Lewes, DE -- (SBWIRE) -- 10/23/2018 -- Global Traffic Signs market will register a 4.8% CAGR in terms of revenue, reach US$ 1120 million by 2023, from US$ 850 million in 2017.

Traffic signs or road signs are signs erected at the side of or above roads to give instructions or provide information to road users. The earliest signs were simple wooden or stone milestones. Later, signs with directional arms were introduced, for example, the fingerposts in the United Kingdom and their wooden counterparts in Saxony.

With traffic volumes increasing since the 1930s, many countries have adopted pictorial signs or otherwise simplified and standardized their signs to overcome language barriers, and enhance traffic safety. Such pictorial signs use symbols (often silhouettes) in place of words and are usually based on international protocols. Such signs were first developed in Europe, and have been adopted by most countries to varying degrees.

At regional level North America (Revenue market share about 29% in 2015) accounted for the largest market share in the year 2015 followed by Europe (Revenue market share about 36% in 2015) and Asia (Revenue market share about 19% in 2015). This is mainly due to intense government support and technological advancements resulting in broader acceptance of the devices.

Traffic Signs are mass products and in most of the cases represent a sub segment or portfolio of medical device manufacturers with very little scope for product differentiation. This makes the overall market highly competitive and price sensitive in nature.

The Traffic Signs industry major has three applications, such as Guide & Direction Signs, Warning Signs, Regulatory Signs and Others.
Over the next five years, Study projects that Traffic Signs will register a 4.8% CAGR in terms of revenue, reach US$ 1120 million by 2023, from US$ 850 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
USA Traffic Signs
Swarco Traffic
Novelis
McCain
3M
Lacroix Group
Traffic Signs NZ
Rennicks
Traffic Tech
William Smith
RAI Products
Segnaletica
Elderlee
Traffic Signs & Safety
Lyle Signs
Feiyao Jiao Tong
Haowei Traffic
Schwab Label Factory
Shanghai Luhao
Changeda Traffic

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Mainly Refers to The Areas Above 2 Sqm
Mainly Refers to The Areas Between 1-2 Sqm
Mainly Refers to The Areas Below 1 Sqm

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Guide and Direction Signs
Warning Signs
Regulatory Signs
Other Signs

Spanning over 141 pages "Forecast of Global Traffic Signs Market 2023" report covers Traffic Signs Market Overview, Global Traffic Signs Sales, Revenue (Value) and Market Share by Players, Global Traffic Signs Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Traffic Signs Sales, Revenue and Price, Europe Top 5 Players Traffic Signs Sales, Revenue and Price, Asia-Pacific Top 5 Players Traffic Signs Sales, Revenue and Price, South America Top 5 Players Traffic Signs Sales, Revenue and Price, Middle East & Africa Top 5 Players Traffic Signs Sales, Revenue and Price, Global Traffic Signs Players Profiles/Analysis, Global Traffic Signs Market Forecast (2018-2023), Traffic Signs Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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