High-visibility Clothing Market to Surge at a Robust Pace by 2024
Thanks to the significant rise in the construction industry, the market for high-visibility clothing is witnessing a surge in its valuation across the world. The augmenting usage of green and ecofriendly materials and procedures in the production of high-visibility clothing is also propelling this market substantially. In addition to this, the increasing financial support from various governments, globally, is likely to boost this market considerably in the years to come. However, the increasing number of private labels of distributors may act as a restraint for this market over the next few years.
The leading manufacturers of high visibility clothing are making use of resources derived from petrochemicals in an effort to reduce the wastage and, consequently, the cost of resources. The escalating demand for green products and eco-friendly procedures is expected to lead to technological improvements in high-visibility clothing solutions in the near future. With a number of small- and medium-sized enterprises (SMEs), the global market for high visibility clothing demonstrates a partial fragmentation. The key players keep innovation and research and development on top priority and invest heavily in it. The market is anticipated to witness intensified competition in the years to come due to the continual entry of new players.
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High-visibility clothing is a sub-categoryof protective clothing in the personal protective equipment (PPE) industry. High-visibility clothing is used to make vehicle drivers and operators aware of the presence of workers in poor-visibility environment or low light. High-visibility clothing is mandatory when workers are working around moving vehicles such as trucks and cars and machinery such asbackhoes and forklifts. Human eye reacts effectively to fluorescentlights and bright colors. Therefore, high-visibility clothing employs fluorescent colors to improve the visibility of workers. Due to increase in the number of accidents and reports of unsafe working conditions, a lot of government bodies are imposing strict norms and regulations regarding employee safety, working conditions, and the use of personal protective equipment (PPE).
Some of the organizations also conduct safety inspections at workplaces to ensure safety. The highly traditional high-visibility clothing uses prismatic tapes and glass bead tapes, which have reflective properties. Even though jackets are effective during daytime, they are in effective at night. F-hoss technology helps in visibility during night with the help of battery-powered, prismatic, reflective tapes, and illuminated light source. Manufacturers of high-visibility clothing all over the world are struggling to improve the safety features of their products by incorporating upgraded technologies. The use of high-visibility clothing guarantees the maximum safety. Hence, steady demand for high-visibility clothing is expected during the forecast period.
Growth of the construction industry globally is one of the key factors driving the market for high-visibility clothing. Growing trend of use of green materials and processes in the manufacture of high-visibility clothing is raising the demand for high-visibility clothing. Increasing concerns about the environment are encouraging consumers to reduce the use of carbon footprints. Global manufacturers of high-visibility clothing have started applying eco-friendly processes and materials to reduce the environmental impact. Increase in the distributor’s private labels is a restraint for the high-visibility clothing market. Global manufacturers are using resources derived from petrochemicals in order to reduce the cost and wastage of resources. The increasing demand for greener products and clean processes is likely to lead to improvement in the technology used in high-visibility clothing.
Geographically, the high-visibility clothing market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for a major share of the high-visibility clothing market in 2015 and the trend is expected to continue during the forecast period. Economic development in the construction industry is one of the key driving factors for the market in the region. Growing concerns about workers’ safety at construction sites have led to the increase in demand for high-visibility clothing in North America. Boom in the extraction of shale gas in this region has fueled the demand for high-visibility clothing in the railroad construction. Increasing demand for innovative, high-visibility clothing has increased the demand for high-visibility clothingin Europe.
Asia Pacific is one of the emerging markets for high-visibility clothing, owing to growth of the construction industry and concerns about workers’ safety at construction sites in the region. Latin America has witnessed an increase in demand for high-visibility clothing and the trend is expected to continue during the forecast period. Brazil is one of the leading markets for high-visibility clothing, owing to expansion of the construction industry in the country.Middle East & Africa accounts for a considerable share of the global high-visibility clothing market.
Major players in the global high-visibility clothing market include Honeywell, Ansell, Lakeland Industries, and 3M. Other leading manufacturers of high-visibility clothing are Bulwark, ASATEX, Kermel, National Safety Apparel, Ballyclare, OccuNomix, Nasco Industries, and True North Gear.
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