Traffic cones, also known as cone-shaped road signs, cone-shaped tubes, etc., are a type of road traffic isolation and warning facility. It is generally a temporary road sign in the shape of a cone or column, used to remind pedestrians and ensure the personal safety of engineering personnel and road users.
Overview of Market Development
Traffic cones play an important role in road traffic and are one of the important facilities to ensure the safety of construction roads and smooth traffic. In recent years, the acceleration of urbanization and the increase in car ownership have driven the continuous growth of traffic cone demand, and the market has shown a steady growth trend.
According to our research data s, the estimated global traffic cone market size for 2024 is $191 million, an increase of 3.51% compared to 2023. In the future, with the development of transportation networks, traffic cones will demonstrate potential applications in more fields, and the market is expected to further grow. It is expected that by 2029, the global traffic cone market size may increase to $230 million. The CAGR for 2024-2029 is estimated to be 3.79%.
Segmented Market Analysis
From the perspective of product types, traffic cones can usually be divided into PVC traffic cones, PE traffic cones, and other types based on their materials. Among them, PVC traffic cones dominate the market, with an expected market share of 86.68% by 2024.
Global Traffic Cone Market Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions
From a regional perspective, the global traffic cone market is dominated by three major regions: North America, Europe, and Asia Pacific. The total revenue of these three major traffic cone markets accounts for over 90% of the global total revenue. Among them, the Asia Pacific region is the largest revenue market. Data shows that the revenue of the traffic cone market in the Asia Pacific region is expected to reach $65.39 million in 2024, with an estimated revenue share of 34.31%; The North American and European markets are expected to rank second and third with revenue shares of 30.81% and 28.71%, respectively.
Global Traffic Cone Market Revenue and Revenue Share by Region Forecast in 2024
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Regions
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Market Revenue (Million USD)
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Revenue Share
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North America
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58.72
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30.81%
|
|
Europe
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54.73
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28.71%
|
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Asia Pacific
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65.39
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34.31%
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|
South America
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8.01
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4.20%
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Middle East & Africa
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3.74
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1.97%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "Global Traffic Cone Market Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions".
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