Traffic Control Device Tape Market – Increase in Demand for Traffic Control Tapes in Developing Countries is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 4.9% from 2022 to 2028
As stated in our extensive report, the Global Traffic Control Device Tape Market accounted for USD 3,619.4 Million in the year 2021.
Traffic Control Device Tape are used to control traffic, involving both motor vehicles and walking traffic informatory they are used to redirect traffic when there is a dangerous turn or location on the road. Traffic Control Device Tape are mainly made using tear-proof, resilient, and durable plastic materials, such as nylon, polypropylene, and polyethylene. Material for traffic signs should be such that it does not lose color in environmental conditions, often rust resistant. Usually, a sheet metal protected by a coating of some rust-resisting material is used. Nuts and bolts are all galvanized.
Traffic Control Device Tape are used based on the types of signs. Traffic signs are of three types: Warning signs, Mandatory signs, and Informative signs. These have importance; each has a different meaning, and ignoring this may cause a penalty. Warning signs get the driver's attention to some approaching hazard. For example, Level crossing Road functions Narrow bridges, Sharp curves, Bends, and U-turns. Next are mandatory signs; this is the most important sign. Non-observance of these signs constitutes a penal offense, a crime punishable under law. Such a sign is called a mandatory sign. These are regulatory or prohibitory signs enforced by the law—for example, Speed limit, No Parking, and No blowing horns. And last is informative signs. They are not mandatory signs, and there is no prosecution if we ignore these signs. But these are used to convey some information to the drivers. Such as signs showing the location of a Gasoline Pump, Bus Stops, distance from Cities, Rest Houses, and Motels to name a few.
Due to increasing urbanization, government rules and regulations and people's preference to drive their cars lead to heavy traffic and control, which helps to stimulate the market expansion.
Asia Pacific holds the largest share in the Traffic Control Device Tape Market and is expected to continue this trend in the forecast period. High-population countries drive the market growth in this region. In addition, the presence of local manufacturing and the availability of raw materials and labor will support the market growth in this region.
Some of the key players in the Global Traffic Control Device Tape Market include- 3M Company, Kruse Adhesive Tape Inc., Nitto Denko Corp., Surface Shields, Scapa, Vibac, Advance Tapes International Ltd., and others.
Browse the full Report - Traffic Control Device Tape Market Size, Share & Trends Analysis Report by Material (Polyethylene, Polypropylene, Nylon, Others), by Product Type (Adhesive, Non-Adhesive), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)