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.
To Remain ‘Ahead’ Of Your Competitors, Request For A Sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5318
Road Flares Market: Regional Overview
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.
Road Flares Market: Segmentation
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:
- LED Electric
- Chemical (light-stick)
Based on the size, the Road Flares market can be segmented into:
- On the ground
- Above the ground
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:
- Disposable Battery
- Rechargeable Battery
- Combustive material
- Chemical Reaction
Based on the sales channel, the Road Flares market can be segmented into:
- Direct sales
- Retail Sales
- Modern Retail
- Online Retail
GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED – https://www.factmr.com/connectus/sample?flag=RC&rep_id=5318
Road Flares Market: Dynamics
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.
Road Flares Market: Key Players
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.
For Entire List Of Market Players, Request For TOC Here – https://www.factmr.com/connectus/sample?flag=T&rep_id=5318
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates