[250 Pages Report] The global traffic control device tape market size is anticipated to be valued at US$ 9.6 Billion in 2032 and exhibit immense growth at a CAGR of 5.2% in the forecast period from 2022 to 2032. Stringent government mandates to increase safety of passengers and urgent need for operational efficiency are expected to push the sales of traffic control device tapes. The global traffic control device tape market is likely to reach US$ 4.1 Billion in 2022.
| Report Attribute | Details |
|---|---|
| Traffic Control Device Tape Market Estimated Base Year Value (2021) | US$ 3.8 Billion |
| Traffic Control Device Tape Market Expected Market Value (2022) | US$ 4.1 Billion |
| Traffic Control Device Tape Market Anticipated Forecast Value (2032) | US$ 9.6 Billion |
| Traffic Control Device Tape Market Projected Growth Rate (2022 to 2032) | 5.2% CAGR |
Traffic control device tapes are extensively used to control traffic, including vehicle and foot traffic. These act as temporary traffic signals to redirect traffic whenever a road is closed or during a hazard.
Demand for traffic control device tapes is set to grow at a steady pace in future years owing to their easy availability in the market. These are provided in either orange-white or solid color combinations to attract the attention of drivers. These include accessories and marking tapes required for directing traffic or pedestrians and securing areas.
These are available in numerous high visibility colors and include large rolls of reflective sheeting, striped tapes, barricade tapes, danger tapes, and caution tapes. The ability of these tapes to deliver markings for traffic control areas or work zones and provide high visibility in the dark is another vital factor that is likely to bode well for the traffic control device tape market size.
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Increasing traffic congestion in urban areas with the rising population is propelling the need for unique traffic management systems worldwide. The increasing usage of private vehicles by people in both developed and developing countries is another crucial factor that is anticipated to push the traffic control device tape market growth in future years.
Traffic control device tapes are mainly made by using tear-proof, resilient, and durable plastic materials, such as nylon, polypropylene, and polyethylene. Their high reusability capability is anticipated to augment the growth in this market. These are nearly 3 inches wide and 2 mm thick.
Rising fluctuations in the prices of raw materials may hamper the sales of traffic control device tapes in the upcoming years. As traffic management systems require vast amounts of data for analyzing real-time traffic information, the infrastructure needed should be highly developed. Governments of various emerging countries are limiting their capabilities to spend more on road infrastructure development. This factor may also pose a major challenge in the global market over the forthcoming years.
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The urgent need for barricade tapes in highly populated countries, such as India and China is likely to drive the Asia Pacific traffic control device tape market share in future years. Painting for warning or caution signs is a time consuming process and thus companies are preferring traffic control device tapes to avoid the inconvenience.
The presence of a large number of local manufacturers, especially in China would also create new growth opportunities in Asia Pacific. Besides, the country exports raw materials in other parts of the globe with the availability of low cost materials and labor. This factor would also enable manufacturers to generate more sales in the Asia Pacific market.
North America is estimated to remain in the second position, followed by Asia Pacific in the upcoming years. Increasing production and sales of vehicles in the U.S. and Canada is projected to bode well for the regional market. The rapid expansion of the logistics and transportation sectors in this region is another vital factor that is anticipated to push the market.
Moreover, stringent norms associated with the improvement of road safety by government bodies are anticipated to propel the demand for traffic control device tapes in North America in the assessment period. In addition, increasing awareness about accident prevention, as well as driver safety is likely to aid growth in the regional market.
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Some of the prominent companies present in the global traffic control device tape market include Vibac, 3M Company, Advance Tapes International Ltd., Kruse Adhesive Tape, Inc., Scapa, Surface Shields, and Nitto Denko Corp. among others.
Leading companies operating in the global market are increasingly focusing on introducing new products to fulfill the high unmet demand from end-user industries. Meanwhile, a few other companies are aiming to strengthen their positions in the global market by collaborating with renowned players and acquiring small-scale enterprises.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global traffic control device tape market is expected to reach US$ 9.6 Billion in 2032.
Asia Pacific is set to lead the traffic control device tape market in the forecast period.
Vibac, 3M Company, Advance Tapes International Ltd., Kruse Adhesive Tape, Inc., Scapa, Surface Shields, and Nitto Denko Corp. are some of the renowned companies in the traffic control device tape market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Impact of Covid-19 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Macro Factors and Forecast Factors 3.4. Value Chain Analysis 3.4.1. Profit Margin Analysis 3.4.2. Raw Material Suppliers 3.4.3. Manufacturers, Wholesalers and Distributors 3.4.4. End Users/ Customers 3.5. Regional Parent Market Outlook 3.6. Production and Consumption Statistics 3.7. Global Average Pricing Analysis Benchmark 4. Global Traffic Control Device Tape Market Analysis 2015-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis, 2015-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Material, 2015-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Material, 2022-2032 5.3.1. Plastic 5.3.2. Paper 5.3.3. Metal 5.4. Y-o-Y Growth Trend Analysis by Material, 2015-2021 5.5. Absolute $ Opportunity Analysis by Material, 2022-2032 6. Global Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Product Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Product Type, 2015-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Product Type, 2022-2032 6.3.1. Adhesive Tape 6.3.2. Non-adhesive Tape 6.4. Y-o-Y Growth Trend Analysis by Product Type, 2015-2021 6.5. Absolute $ Opportunity Analysis by Product Type, 2022-2032 7. Global Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Thickness 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Thickness, 2015-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Thickness, 2022-2032 7.3.1. Below 100 Microns 7.3.2. 100-150 Microns 7.3.3. Above 150 Microns 7.4. Y-o-Y Growth Trend Analysis by Thickness, 2015-2021 7.5. Absolute $ Opportunity Analysis by Thickness, 2022-2032 8. Global Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Region 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Region, 2015-2021 8.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. Middle East and Africa (MEA) 8.4. Market Attractiveness Analysis, by Region 9. North America Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 9.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Material 9.2.3. By Product Type 9.2.4. By Thickness 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material 9.3.3. By Product Type 9.3.4. By Thickness 9.4. Key Takeaways 10. Latin America Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 10.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Chile 10.2.1.5. Peru 10.2.1.6. Rest of Latin America 10.2.2. By Material 10.2.3. By Product Type 10.2.4. By Thickness 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material 10.3.3. By Product Type 10.3.4. By Thickness 10.4. Key Takeaways 11. Europe Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 11.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Nordic 11.2.1.8. Russia 11.2.1.9. Poland 11.2.1.10. Rest of Europe 11.2.2. By Material 11.2.3. By Product Type 11.2.4. By Thickness 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material 11.3.3. By Product Type 11.3.4. By Thickness 11.4. Key Takeaways 12. East Asia Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 12.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Material 12.2.3. By Product Type 12.2.4. By Thickness 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material 12.3.3. By Product Type 12.3.4. By Thickness 12.4. Key Takeaways 13. South Asia Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 13.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Material 13.2.3. By Product Type 13.2.4. By Thickness 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material 13.3.3. By Product Type 13.3.4. By Thickness 13.4. Key Takeaways 14. Oceania Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 14.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Material 14.2.3. By Product Type 14.2.4. By Thickness 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material 14.3.3. By Product Type 14.3.4. By Thickness 14.4. Key Takeaways 15. Middle East & Africa Traffic Control Device Tape Market Analysis 2015–2021 and Forecast 2022–2032, By Country 15.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021 15.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. Turkey 15.2.1.3. Northern Africa 15.2.1.4. South Africa 15.2.1.5. Rest of MEA 15.2.2. By Material 15.2.3. By Product Type 15.2.4. By Thickness 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material 15.3.3. By Product Type 15.3.4. By Thickness 15.4. Key Takeaways 16. Country wise Traffic Control Device Tape Market Analysis 16.1. United States (U.S.) 16.1.1. Market Share Analysis, 2022 16.1.2. By Material 16.1.3. By Product Type 16.1.4. By Thickness 16.2. Canada 16.2.1. Market Share Analysis, 2022 16.2.2. By Material 16.2.3. By Product Type 16.2.4. By Thickness 16.3. Brazil 16.3.1. Market Share Analysis, 2022 16.3.2. By Material 16.3.3. By Product Type 16.3.4. By Thickness 16.4. Mexico 16.4.1. Market Share Analysis, 2022 16.4.2. By Material 16.4.3. By Product Type 16.4.4. By Thickness 16.5. Germany 16.5.1. Market Share Analysis, 2022 16.5.2. By Material 16.5.3. By Product Type 16.5.4. By Thickness 16.6. Italy 16.6.1. Market Share Analysis, 2022 16.6.2. By Material 16.6.3. By Product Type 16.6.4. By Thickness 16.7. France 16.7.1. Market Share Analysis, 2022 16.7.2. By Material 16.7.3. By Product Type 16.7.4. By Thickness 16.8. Spain 16.8.1. Market Share Analysis, 2022 16.8.2. By Material 16.8.3. By Product Type 16.8.4. By Thickness 16.9. U.K. 16.9.1. Market Share Analysis, 2022 16.9.2. By Material 16.9.3. By Product Type 16.9.4. By Thickness 16.10. Russia 16.10.1. Market Share Analysis, 2022 16.10.2. By Material 16.10.3. By Product Type 16.10.4. By Thickness 16.11. China 16.11.1. Market Share Analysis, 2022 16.11.2. By Material 16.11.3. By Product Type 16.11.4. By Thickness 16.12. Japan 16.12.1. Market Share Analysis, 2022 16.12.2. By Material 16.12.3. By Product Type 16.12.4. By Thickness 16.13. India 16.13.1. Market Share Analysis, 2022 16.13.2. By Material 16.13.3. By Product Type 16.13.4. By Thickness 16.14. GCC Countries 16.14.1. Market Share Analysis, 2022 16.14.2. By Material 16.14.3. By Product Type 16.14.4. By Thickness 16.15. Australia 16.15.1. Market Share Analysis, 2022 16.15.2. By Material 16.15.3. By Product Type 16.15.4. By Thickness 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Region 17.3.2. By Product Portfolio 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. 3M Company 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments (Product/Channel/Region) 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Shurtape Technologies, LLC 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments (Product/Channel/Region) 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Brady Corporation 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments (Product/Channel/Region) 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Scapa Group PLC 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments (Product/Channel/Region) 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Tesa SE 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments (Product/Channel/Region) 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Surface Shields, Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments (Product/Channel/Region) 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Advance Tape International Ltd. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments (Product/Channel/Region) 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Vibac Group S.p.a. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments (Product/Channel/Region) 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Mutual Industries, Inc. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments (Product/Channel/Region) 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Custom Tape Ltd 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments (Product/Channel/Region) 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. Intertape Polymer Group Inc. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments (Product/Channel/Region) 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 18.1.12. Nitto Denko Corporation 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments (Product/Channel/Region) 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 18.1.12.5.2. Product Strategy 18.1.12.5.3. Channel Strategy 19. Assumptions and Acronyms Used 20. Research Methodology
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Traffic Control Device Tape Market
