The global road safety market is expected to witness a significant growth rate of 8.9% during the forecast period. Rising fatalities owing to the increasing road accidents is one of the solutions factors which is encouraging the government to adopt road safety solutions. As per the World Health Organization (WHO), road accident is the top-most cause of fatality among youngster globally. Globally, around 1.3 million fatalities were registered due to road accidents in 2016.
Rapid motorization in the cities due to rising urban population density is also one of the factors for the growth of the road safety industry. Governments are opting for new public transportation methods under smart city projects for safe and secure mobility which is creating a significant demand for management and safety solutions, therefore, driving the growth of the global road safety market.
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Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
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Road Safety Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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