High Visibility Clothing market top players including are Ansell, Honeywell, Lakeland Industries, 3M, ASATEX, ASATEX, Ballyclare, Kermel, National Safety Apparel, Nasco Industries, OccuNomix, True North Gear.
New York, NY -- (SBWIRE) -- 06/08/2018 -- High visibility clothing market was estimated at 1415.1 USD Million in 2017 and is expected to register a CAGR of 6.1% till 2025. Significant rise in the construction industry; the market for high-visibility clothing is witnessing a surge in its valuation across the world.
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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. 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 the product.
In the advanced economies, the cities are also growing, although not so rapidly, while technology, demographics and environmental issues are becoming new value drivers. Fast-growing cities will present a wider range of risk and return opportunities. Cities will present opportunities ranging from low risk/ low yield in advanced economy core real estate, to high risk/high reward in emerging economies.
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In China, India and the Middle East, entire new cities will be built, using eco-efficient technologies to reduce their environmental impact. Governments and the investment community may need to work together to fund and build these cities and their infrastructures. Masdar City in Abu Dhabi, Jaypee Sports City in India and Sejong City in South Korea are just a few of the entirely new cities. But it's unlikely that all of the new cities planned will attract the residents forecast, as in some of Asia's newest cities already show a high vacancy rates.
According to the U.S. Occupational Safety and Health Administration, a lack of attention paid to safe work practices and training, as well as a younger and newer workforce in manufacturing and construction have led to a rise in deadly industrial work accidents in Ohio. According to safety and injury incident research from the Centre for Disease Control and Prevention, the Human Resources Department Canada, and the National Institute of Occupational Safety and Health, younger workers differ from older ones by having fewer fatalities, but more of total injuries and injuries that are more serious. This is expected to increase the demand for high-vis clothing in the next 7 years.
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Class Type Market Scenario:
The high visibility clothing market is segmented based on performance material. Performance material is further segmented into class 1, class 2, class 3, class E and Optional accessories.
The class 1 segment was valued at USD 146.3 Million in 2015. This apparel provides a minimal amount of retro reflective material, and is unacceptable for any work done in a right of way according to the MUTCD. Class 1 clothing tends to blend in with the work environment instead of drawing attention to workers. A harness that criss-crosses the body is not an adequate high visibility garment, as it doesn't meet the minimum ANSI requirements for the amount of background material and retro reflective material.
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Reports and Data have segmented the global high visibility clothing market on the basis of product, class type, end use, and region:
Product Scenario (Revenue, USD Million; 2016–2025):
- Safety vest
- Disposable Clothing
- Casual wears
Class Type Scenario (Revenue, USD Million; 2016–2025)
- Class 1 (Type O)
- Performance Class 2 (Type R or P)
- Performance Class 3 (Type R or P)
- Supplemental Class E
- Optional High Visibility Accessories
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014–2025)
- Warehouse Distribution
- Refinery, Mining
- Public Safety
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