The introduction of the American Reinvestment and Recovery Act of 2009 helped boost revenue in 2010; however, losses continued during the years that followed. In addition, import competition from Canada, China, Mexico and Taiwan has continued to mitigate industry growth. However, the industry is expected to improve performance over the next five years. Local and state government investment is expected to rise slowly in the next two years before speeding up in the second half of the five years through 2018. Falling unemployment is expected to increase local and state government budgets as income from taxes is expected to rise and benefits administration falls. Furthermore, the development of new technology, such as smart traffic lights, is expected to assist industry growth.
This industry manufactures a range of traffic lights, camera mountings and pedestrian signals, along with its parts and components manufacturers. The industry also includes traffic lights and pedestrian signals designed for above ground railway.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.