Global High-visibility Clothing Market 2016-2020
About High-Visibility Clothing
High-visibility clothing, a sub-segment of protective clothing in the personal protective equipment (PPE) industry, is worn to alert vehicle operators and drivers of the presence of the worker in low-light or poor-visibility environment. High-visibility clothing is compulsory when the workers are working around moving vehicles like cars, trucks, or other machinery like forklifts or backhoes. The human eye responds best to bright and fluorescent colors. So, fluorescent colors are used in these products to enhance the visibility of workers.
Technavio’s analysts forecast the global high-visibility clothing market to grow at a CAGR of 6.67% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global high-visibility clothing market for 2016-2020. To calculate the market size, the report considers the revenue and market dominance in terms of experience, geographical presence, product portfolio, financials, and R&D.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global High-Visibility Clothing Market 2016-2020
Technavio recognizes the following companies as the key players in the global high-visibility clothing market: Ansell, Honeywell, Lakeland Industries, 3M, ASATEX, Bulwark, Ballyclare, Kermel, National Safety Apparel, Nasco Industries, OccuNomix, and True North Gear.
Commenting on the report, an analyst from Technavio’s team said: “The increasing environmental awareness across businesses is encouraging consumers to reduce their carbon footprint. With this trend gaining momentum across industries, more and more vendors are employing green materials and processes in manufacturing high-visibility clothes. Vendors are able to reduce the production costs of several types of PPE by decreasing the consumption of water and non-productive electricity. Vendors are also exploring options to reduce wastage and minimize the use of resources derived from petrochemicals. The growing demand for greener products and processes will lead manufacturers to adopt new technologies to design high-visibility clothing.”
According to the report, growing construction market in APAC will be a key driver for market growth. With the overall GDP growth rate exceeding 7% in 2015 and industries such as manufacturing and construction exhibiting signs of growth, APAC is experiencing a rise in the demand for high-visibility clothing. APAC construction market, which growing at a CAGR of 8%, is expected to outperform the global construction market, which is expected to grow by just 3%. The construction industry is the largest end-user of high-visibility clothing. APAC holds the largest market share in the residential sector with an investment of $1.4 trillion, which is expected to increase further during the forecast period. With a growing middle class that is forecast to reach 200 million by 2022 and annual household incomes above $35,000, APAC has a considerable market potential.
Further, the report states that in terms of compliance, high-visibility is one of the most challenging categories of PPE. Comfort and fit issues vary from one person to another and have contributed to low compliance among wearers. Additionally, style-conscious wearers may be non-compliant if the design is not appealing. Ensuring comfort and fit and mitigating the resulting consumer non-compliance remain a key concern to employers. This is especially evident in developed regions with stringent worker safety regulations as employers suffer financial losses as well as legal complications due to employee injuries. In contrast, vendors in emerging markets face the challenge of low adoption of safety eyewear as employee safety regulations are not stringent.
Ansell, Honeywell, Lakeland Industries, 3M, ASATEX, Bulwark, Ballyclare, Kermel, National Safety Apparel, Nasco Industries, OccuNomix, and True North Gear.
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