NEW
YORK, June 19, 2024 /PRNewswire/ -- The
global safety signs market size is estimated to grow by
USD 307.2 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 3.08% during the forecast period. Growing
PPE market is driving market growth, with a trend
towards increasing innovations in safety signs materials.
However, fluctuating prices of raw materials poses a
challenge. Key market players include Adolf Wurth GmbH and Co. KG,
Banner Stakes LLC, Big Beam Emergency Systems Inc., Brady Corp.,
Brimar Industries LLC, DG Road Safety Pvt. Ltd., Ecoglo
International Ltd., EverGlow GmbH, Fireplan India Pvt. Ltd.,
Glowway Oy Ltd., INCOM Manufacturing Group, Jalite Plc, Jessup
Manufacturing Co., Justrite Mfg. Co. LLC, Kroschke sign
international GmbH, Newell Brands Inc., Shital Signs Pvt. Ltd.,
Signagex, Smart Art Signs, and ZING Enterprises LLC.
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Safety Signs Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.08%
|
Market growth
2024-2028
|
USD 307.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
2.96
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 45%
|
Key
countries
|
China, US, Germany, UK,
and India
|
Key companies
profiled
|
Adolf Wurth GmbH and
Co. KG, Banner Stakes LLC, Big Beam Emergency Systems Inc., Brady
Corp., Brimar Industries LLC, DG Road Safety Pvt. Ltd., Ecoglo
International Ltd., EverGlow GmbH, Fireplan India Pvt. Ltd.,
Glowway Oy Ltd., INCOM Manufacturing Group, Jalite Plc, Jessup
Manufacturing Co., Justrite Mfg. Co. LLC, Kroschke sign
international GmbH, Newell Brands Inc., Shital Signs Pvt. Ltd.,
Signagex, Smart Art Signs, and ZING Enterprises LLC
|
Market Driver
The safety signs market is experiencing advancements in both
materials and power sources. Solar safety signs, which use
photovoltaic panels and batteries, are becoming popular. Digital
signage, featuring LCD, LED, and projectors, is another trend.
Vendors prioritize recyclable materials, such as those used by ZING
Green Safety Products. Innovations in presentation and materials
are driving demand for safety signs in consumer products,
contributing to market growth. Samsung Electronics' sustainable
signage solutions received recognition at InfoComm 2023.
The Safety Signs Market is experiencing significant growth due
to increasing safety concerns in various industries. Businesses are
investing in a wide range of safety signs, including fire signs,
warning signs, and mandatory signs. These signs are used to
indicate hazards, emergency exits, and important safety
instructions. The use of occupational safety and health regulations
and workplace safety standards is driving the demand for safety
signs. Producers are focusing on developing signs that are durable,
easy to read, and comply with industry standards. The market is
also witnessing the adoption of advanced technologies like LED
lights and reflective materials to enhance the visibility and
effectiveness of safety signs. The trend towards sustainable and
eco-friendly signage is also gaining traction in the market.
Overall, the Safety Signs Market is expected to continue its growth
trajectory in the coming years.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The safety signs market utilizes various materials for
manufacturing signboards and placards, including plastic, polyvinyl
chloride, vinyl, polypropylene, aluminum, metal, and fiberglass.
Raw material price instability negatively impacts market growth,
necessitating effective procurement and pricing strategies. For
instance, polypropylene price volatility challenges safety sign
demand. Despite aluminum's consistent price trend, the segment
remains sensitive to costs and price fluctuations, making raw
material price volatility a significant market restraint.
- The Safety Signs Market faces several challenges in the modern
business environment. These signs are essential for ensuring worker
safety and regulatory compliance. However, the industry encounters
issues such as the need for customization to specific industries
and locations, maintaining consistency in design and messaging, and
keeping up with technological advancements. Additionally, the
increasing complexity of safety regulations and the need for
multilingual signs add to the challenges. Producers must balance
cost-effectiveness with quality and adaptability to meet the
diverse needs of their clientele. Overall, the Safety Signs Market
requires innovative solutions to address these challenges and
continue providing effective safety communication.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This safety signs market report extensively covers market
segmentation by
- End-user
- 1.1 Commercial
- 1.2 Industrial
- 1.3 Residential
- Material
- 2.1 Polymer
- 2.2 Metal
- 2.3 Fiberglass
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Commercial- The commercial sector's expansion, driven
by office spaces, shopping malls, airports, and data centers in
developing markets, will fuel the demand for safety signs.
Construction activities in these structures are increasing due to
urbanization, economic growth, and the need for energy-efficient
buildings. In addition, the hospitality industry's growth,
particularly in the hotel sector, and the expanding cruise industry
will further boost safety sign market growth. Regulations require
safety signs in commercial spaces, making it essential for
businesses to comply.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Safety Signs Market encompasses a wide range of industries,
including Hazard-prone sectors such as Construction, Manufacturing,
and Chemical. Employers in these sectors are mandated by Regulatory
norms to implement Health & safety practices to mitigate
workplace fatalities and industrial mortalities. Safety signs play
a crucial role in this regard, providing clear instructions and
warnings to Labours handling Materials like Polymer, Metal, and
Fiberglass. Safety signs come in various forms, including
Prohibition Signs, Warning Signs, and Mandatory Signs. Digital
displays and LED displays are increasingly popular due to their
ability to convey information effectively and efficiently.
Businesses and Communities alike benefit from the use of safety
signs, contributing to a safer Industrialization process that
fosters Economic growth while minimizing Accidents.
Market Research Overview
The Safety Signs Market encompasses a wide range of visual
signals designed to ensure workplace safety and regulatory
compliance. These signs, which may be fabricated from various
materials such as aluminum, plastic, or steel, convey essential
information about potential hazards and safety procedures. Common
symbols include fire, hazard, warning, and instructional signs. The
market for safety signs caters to diverse industries, including
manufacturing, construction, healthcare, and transportation, among
others. The design and production of safety signs adhere to
stringent standards, ensuring their durability, legibility, and
effectiveness in communicating critical safety information. The
market for safety signs continues to grow due to increasing safety
regulations and the need to maintain a safe working
environment.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Commercial
- Industrial
- Residential
- Material
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio