Road Stud and Delineator Market - Drivers and Trends by Technavio

Technavio analysts forecast the global road stud and delineator market to grow at a CAGR of more than 5% during the forecast period, according to their latest report.

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The research study covers the present scenario and growth prospects of the global road stud and delineator market for 2017-2021. The market is segmented based on the product (road studs and road delineators) and geography (the Americas, EMEA, and APAC).

The global road stud and delineator market is driven by the development of the global transport infrastructure. Also, the increase in road accidents will result in stringent measures adopted to install traffic safety equipment such as road studs and delineators. In 2016, in the US, around 40,000 people were reported to have died in motor vehicle accidents, a rise of 6% over 2015 levels. Lastly, the regulatory standards for road safety equipment will be among the key drivers of the market. The standards will ensure appropriate installation and timely replacement of the devices.

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Technavio research analysts highlight the following three factors that are contributing to the growth of the global road stud and delineator market:

• Increasing investment in transport infrastructure
• Increase in road traffic accidents
• Regulatory standards for road safety equipment

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Increasing investment in transport infrastructure

Fast and efficient road transport network facilitates transportation and access to industrial, educational, and commercial zones in a city. This allows businesses to prosper and add value to the domestic economy. Increasing investment in highway and road construction and transportation systems is suggestive of economic development in both developing and developed economies.

Neelesh Prakash Singh, a lead research analyst at Technavio, says, “Developing economies such as India and China are improving their road transport efficiency by road widening, improving connectivity to both remote and nearby destinations, and enforcing stringent traffic regulations. Developed economies have already established an efficient transport infrastructure, however, the need for upgrading and improvements are always addressed. Projects on transport infrastructure development have a direct positive influence on the demand for road studs and delineators as they reinforce road safety and help reduce road traffic mishaps.”

Increase in road traffic accidents

Roads are among the primary line of communications that connect destinations across a city, region, country, continents and so on. A marked increase in vehicle traffic has been noticed worldwide, which has led to an increase in road traffic mishaps with some causing death to individuals.

“With public safety on roads gaining prominence, the demand for road studs and delineators is likely to increase. Delineators can absorb high-speed impact and when affixed along the perimeter of a roadway will prevent severe injuries to motorists in case of collisions. As these are raised pavement markers, placing them along the roadway will improve visibility from a distance and help prevent vehicle crossing central reserve or drift to the opposite carriageway. Road crashes often occur at intersections due to obstruction of view of an oncoming pedestrian or vehicle from around the corner,” adds Neelesh.

Regulatory standards for road safety equipment

There are certain regulatory standards for various road safety equipment. For instance, the relevant regulations and general directions applicable to road markings and any type of road stud are set out in the Traffic Signs Regulations and General Directions (TSRGD), which are applicable in the UK.

The relevant standards applicable to road studs are BS EN 1463 Parts 1 and 2. BS EN 1463 Parts 1 and 2, both a harmonized standard that applies to passive road studs. These standards make it mandatory for passive road studs to carry a CE marking. Also, the replacement of road studs must be in compliance with TSRGD and BS EN 1463. For road studs to be effective, they should be clearly visible to road users during dimly lit conditions. Their effectiveness is the measure of the amount of light reflected back to the road user with a minimum of scattering.

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