Truck Mounted Attenuator (TMA) Industry Prospective:
The global truck mounted attenuator (TMA) market size was evaluated at $210.34 million in 2022 and is slated to hit $258.94 million by the end of 2030 with a CAGR of nearly 2.66% between 2023 and 2030.
Truck Mounted Attenuator (TMA) Market: Overview
A truck-mounted attenuator which is also referred to as an impact attenuator is a tool used for lessening the damage that a wayward motor vehicle collision incurs on the people, property, and vehicles. Precisely, the product is designed carefully to absorb the kinetic energy produced by colliding vehicles with another errant motor vehicle. For the record, crash attenuators help protect the safety of workers working near the highway and ensure the safety of motorists. Moreover, truck-mounted attenuator helps them in reducing the risk of death and injury.
Key Insights
- As per the analysis shared by our research analyst, the global truck mounted attenuator (TMA) market is projected to expand annually at the annual growth rate of around 2.66% over the forecast timespan (2023–2030)
- In terms of revenue, the global truck mounted attenuator (TMA) market size was evaluated at nearly $210.34 million in 2022 and is expected to reach $258.94 million by 2030.
- The global truck mounted attenuator (TMA) market is anticipated to expand noticeably subject to the growing need for products to warn commuters of potential hazards of collisions.
- In terms of type, the TL2 segment is slated to register the highest CAGR over the analysis period.
- Based on the application, the highway segment is anticipated to dominate the segment over the projected period.
Truck Mounted Attenuator (TMA) Market: Growth Factors
Humungous demand for warning drivers to prevent road collisions to boost the global market trends
The growing need for products to warn commuters of potential hazards of collisions will drive the global truck-mounted attenuator (TMA) market trends. Massive demand for reducing collisions and crashes of vehicles on roads will increase the scope of global market demand. The necessity of reducing crash costs has contributed notably towards the global market proceeds. Studies have found that TMA helps in reducing rear-end crashes with vehicles in short duration.
Moreover, the massive use of road safety improvement products will assist the global market in hitting new terrains of growth. The necessity of reducing the repair cost of vehicles and minimizing damage to vehicles will enlarge the scope of the global market in the years ahead. New product launches are set to contribute lucratively towards the global market revenue in the upcoming years. For instance, in April 2019, Blakedale, a road safety vehicle hire & sales firm, announced an expansion of its traffic management vehicle fleet line through the introduction of the Scorpion II crash cushion vehicle. The move is likely to boost the expansion of the global market in the coming years.
Truck Mounted Attenuator (TMA) Market: Report Scope
Report AttributesReport DetailsReport NameTruck Mounted Attenuator (TMA) MarketMarket Size in 2022USD 210.34 MillionMarket Forecast in 2030USD 258.94 MillionGrowth RateCAGR of 2.66%Number of Pages206Key Companies CoveredEBO van Weel, Smart Air Chamber (SAC), Shindo Industry, OBO Bettermann Group, Trinity Highway, Gregory Industries, TrafFix Devices, Verdegro, Hill & Smith, Lindsay Corporation, Stuer-Egghe, and others.Segments CoveredBy Type, By Application, and By RegionRegions CoveredNorth America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)Base Year2022Historical Year2017 to 2021Forecast Year2023–2030Customization ScopeAvail customized purchase options to meet your exact research needs. Request For Customization
Truck Mounted Attenuator (TMA) Market: Segmentation
The global truck mounted attenuator (TMA) market is sectored into type, application, and region.
In type terms, the global truck-mounted attenuator (TMA) market is segregated into TL2, TL3, and others segments. Furthermore, the TL3 segment, which garnered nearly half of the global market share in 2022, is anticipated to record the fastest CAGR in the upcoming years. The growth of the segment in the upcoming years can be owing to the massive use of TL3 type of truck-mounted attenuators on highways and urban roads.
Based on the application, the global truck-mounted attenuator (TMA) industry is divided into urban roads, highway, and others segments. Moreover, the highway segment, which accumulated a huge share of the global industry in 2022, is anticipated to lead the global industry expansion over the projected timespan. The segmental growth over the estimated timeline can be subject to large-scale demand for truck-mounted attenuators for highways to reduce the damage caused to vehicles and commuters due to collisions incurred by wayward motor vehicles and road accidents. Moreover, the need to reduce the deaths and injuries caused due to road accidents has increased the product t demand for highways.
Truck Mounted Attenuator (TMA) Market: Competitive Space
The global truck mounted attenuator (TMA) market profiles key players such as:
- EBO van Weel
- Smart Air Chamber (SAC)
- Shindo Industry
- OBO Bettermann Group
- Trinity Highway
- Gregory Industries
- TrafFix Devices
- Verdegro
- Hill & Smith
- Lindsay Corporation
- Stuer-Egghe
The global truck mounted attenuator (TMA) market is segmented as follows:
By Type
- TL2
- TL3
- Others
By Application
- Urban Road
- Highway
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
