Traffic Signals Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2015-2020, and the forecast period – 2021-2025, with additional forecasts for 2025-2030. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the traffic signals industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected traffic signals market growth numbers from 2021-2030.
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The global traffic signals market is expected to grow from $139.16 billion in 2020 to $145.84 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $181.94 billion in 2025 at a CAGR of 6%.
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The Traffic Signals Global Market Report 2020-30 by The Business Research Company evaluates traffic signals market size, growth rate, drivers, traffic signals industry trends, and major companies.
The traffic signals market segments in the report are:
1) By Type Of Power: Electric Power, Solar Energy
2) By Product Type: Portable, Stationary
3) By End Use: Railway, Airport, Urban Traffic, Others
The table of contents in TBRC’s traffic signals market report includes:
1. Executive Summary
2. Traffic Signals Market Characteristics
3. Traffic Signals Market Trends And Strategies
4. Impact Of COVID-19 On Traffic Signals
5. Traffic Signals Market Size And Growth
28. Key Mergers And Acquisitions In The Traffic Signals Market
29. Traffic Signals Market Future Outlook and Potential Analysis
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Traffic Signals Market Share Estimations, Business Revenue, Strategies And Forecast To 2030
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