According to Cognitive Market Research, the global Traffic and Road Signs market size will be USD 34154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 13661.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10246.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7855.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1707.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 683.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The high intensity reflective signs represent the fastest-growing category in the Traffic and Road Signs Market. The increasing emphasis on road safety and the need for highly visible signage in all lighting conditions.
