DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Global Road Stud and Delineator Market 2017-2021" report has been added to Research and Markets' offering.
The global road stud and delineator market to grow at a CAGR of 5.39% during the period 2017-2021.
Global Road Stud and Delineator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the demand generated for road studs and delineators.
One trend in the market is development of solar road studs. There is an increase in adoption of solar-based road studs. Solar road studs are solar-powered LED studs that are mainly used in construction activities to demarcate road edges and centerlines. These devices are embedded on the road surface and alert the driver from a distance giving more time to react than that offered by conventional road studs.
According to the report, one driver in the market is increasing investment in transport infrastructure. Fast and efficient road transport network facilitates transportation and access to industrial, educational, and commercial zones in a city. This allows businesses to prosper and add value to the domestic economy. Increasing investment in highway and road construction, and transportation systems is suggestive of economic development in both developing and developed economies. Developing economies such as India and China are improving their road transport efficiency by road widening, improving connectivity to both remote and nearby destinations, and enforcing stringent traffic regulations.
Further, the report states that one challenge in the market is lack of product differentiation and threat of rivalry. The global road stud and delineator market is highly fragmented with the presence of several local, regional, and international vendors across the globe. Since the end of the global economic recession, the market has witnessed a steady growth rate, and as a result, several new vendors are entering the market to provide road studs and delineators with better quality and at competitive prices. Therefore, major vendors are being prompted to use a low-price strategy to gain a larger market share or retain their position in the market.
Other prominent vendors
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/vb6f7z/global_road_stud
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