Analysis of Road Flares market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
With the growth in urbanization, global commerce has increased on an unprecedented scale. However, this has also heightened the number of road accidents globally. Road flares have attracted significant traction during the recent years for the same reason. Road flares are the devices which visually warn the drivers for the upcoming unsuspecting traffic. Essentially, the requirement of road flare increases with the growing demand for vehicles. Owning to the rapid urbanization in developing nations, the efficacy of road flares is bound to rise, providing the opportunity to the companies to develop the market in these countries.
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The market for road flares is well established in North America and Europe. Leading road flares companies in US have expanded their market in many countries. Countries in Europe such as UK, Germany, Austria, Denmark, France and Switzerland has numerous road flares companies, whose products have lessened the accident counts across Europe. In Asia and the Middle East, countries such as China, India, UAE, and Israel has created significant road flares market and extended themselves to neighbour countries. Currently, the higher demand for road flares from the emerging nations is shaping the future market of road flares.
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With proven practices of road flares in regulating road accident, the necessity of the product has been recognized by consumers. The utility of road flares such as, for signalling and safety purpose is promoted by public agencies also. However, the growth of road flares companies is limited by the growth of country’s economy. For instance inflation in the automobile sector in any country will indirectly affect the sales of road flares in the region.
LED electric road flares are more in demand essentially due to its long runtime and better visibility. Pyrotechnic road flares market may witness slower growth due to associated health and environment concerns. With the emergence of road automation and connected transportation, the market for road flares is further expected to widen.
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Orion Safety Products and Heliar are the leading companies functioning in the road flare market. Other notable road flares companies are Powerflare, Hokena, Cyalume, Turboflare, and Tek-tite. New entrants are focusing more on LED flare rather traditional pyrotechnic flares because of the technological advancement in electrical and material engineering. However, Orion, pyrotechnic flare company, has launched a 100% eco-friendly flares in 2015. Hokena is providing LED flares with 9 unique lightening mode. These road flares have a magnetic base and also float on water. Tek-tite has recently launched pocket size LED emergency strobe which is ideal for emergency location marking use.
Demand in the automobile sector has witnessed a sharp decline during the lockdown period due to increase in trade restrictions and recession in the world economy. Incidentally, the growth of road flares companies has shrunken as well. The disruption in revenue of road flares companies due to COVID crisis will remain in the coming years. In response, the collaboration of road flares companies with automobile players may escalate the revenue of the companies. The total available market for road flares is enormous, however during the period affected by the pandemic, the market may observe a diminished growth.
The research report presents a comprehensive assessment of the Road Flares market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report of the Road Flares market provides analysis and information according to the different market segments such as end-use, type, sales channel and region.
The Road Flares market report is a compilation of first-hand information, qualitative and competitive assessment industry analysts, and inputs from industry experts and industry participants across the value chain. The report for the Road Flares market provides an in-depth analysis of the parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Road Flares market can be segmented based on form, type and sales channel.
Based on type, the Road Flares market can be segmented into:
Based on the size, the Road Flares market can be segmented into:
Based on the mode of function, the Road Flares market can be segmented into:
Based on Power Source, the Road Flares market can be segmented into:
Based on the sales channel, the Road Flares market can be segmented into:
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Owing to the rapid urbanization in developing nations, the efficacy of road flares is bound to rise
Orion Safety Products, Powerflare, Hokena and Heliar are the leading companies functioning in the road flare market.
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