The high visibility clothing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High Visibility Clothing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The high visibility clothing market size has grown strongly in recent years. It will grow from $1.75 billion in 2023 to $1.90 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rise in demand for safe working environments, rise in construction industry, stringent safety regulations by governments worldwide, rise in awareness within the industrial sector, and increased population.
The high visibility clothing market size is expected to see strong growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing demand for high-visibility clothing, rising disposable incomes, increasing awareness of workplace safety, rising security concerns, and endeavors, such as international safety equipment association (ISEA), and growing focus on offering eco-friendly and chemical-free household cleaning products. Major trends in the forecast period include development of innovative materials and technologies, importance of personal protective equipment, growing focus on using eco-friendly and sustainable polyester materials, technological innovations, and product innovation.
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Scope Of High Visibility Clothing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
High Visibility Clothing Market Overview
Market Drivers –
The increasing number of workplace accidents is expected to propel the growth of the high-visibility clothing market going forward. A workplace accident is any unplanned event or occurrence that causes harm, injury, or illness to an employee while performing their job duties or at the workplace. The increasing number of workplace accidents is due to insufficient training and education regarding workplace hazards and safety protocols, a lack of emphasis on safety within the workplace culture, and failure to inspect and maintain machinery and equipment regularly. High-visibility clothing is a simple and effective safety measure that significantly reduces the risk of workplace accidents by enhancing worker visibility and communication in hazardous environments. For instance, in November 2023, according to an article published by the Bureau Of Labor Statistics, a US-based government agency, in 2022, private industry employers reported 2.8 million nonfatal workplace injuries and illnesses, marking a 7.5% increase from 2021. Therefore, the increasing awareness of workplace safety drives the growth of the high-visibility clothing market.
Market Trends –
Major companies operating in the high-visibility clothing market are focused on developing innovative products, such as hi-vis safety vests, to meet the evolving safety needs of workers across various industries. Hi-vis safety vests are garments designed to enhance the visibility of workers in various work environments, especially those with low-light conditions or high-risk areas. For instance, in July 2023, Ergodyne Corp, a US-based manufacturing company that specializes in high-visibility clothing, launched GloWear 8251HDZ-BK Two-Tone Hi-Vis Safety Vest, GloWear 8315BA Hi-Vis Breakaway Safety Vest and GloWear 8210Z-BK Mesh Hi-Vis Safety Vest. These new high-visibility safety vests are designed to provide enhanced visibility, safety, and convenience for workers in various industries, including construction, road construction, baggage handling, and municipalities. These safety vest features a breakaway design that disconnects when entangled, reducing the risk of accidents around machinery and moving parts. Completing the trio is the GloWear 8210Z-BK Mesh Hi-Vis Safety Vest (Type R, Class 2), ideal for tasks that involve getting dirty, with its basic black front design.
The high visibility clothing market covered in this report is segmented –
1) By Product Type: Vests, Shirts, Jackets, Pants, Rainwear, Other Product Types
2) By Material: Fluroescent Materials, Reflective Materials
3) By Price Range: Low, Medium, High
4) By Distribution Channel: Online Retail, Offline
5) By End-User: Construction, Transportation, Public Safety, Manufacturing, Utilities, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the high visibility clothing market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the high visibility clothing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the high visibility clothing market are Honeywell International Inc., 3M Company, Cintas Corporation, Wolverine World Wide Inc., Ansell Ltd., Portwest LLC, Radian Group, Carhartt Inc., Delta Plus Group, F. ENGEL GmbH, Lakeland Industries Inc., Blauer Manufacturing Company Inc., Pyramex Safety Products LLC, Dickies (Williamson-Dickie Manufacturing Company), Berne Apparel Company, NASCO Industries Inc., Kermel Co., Ergodyne Corp., ML Kishigo, National Safety Apparel Inc., Tingley Rubber Corporation, Tough Duck, Bulwark Inc., GSS Safety LLC, Viking Wear
Table of Contents
1. Executive Summary
2. High Visibility Clothing Market Report Structure
3. High Visibility Clothing Market Trends And Strategies
4. High Visibility Clothing Market – Macro Economic Scenario
5. High Visibility Clothing Market Size And Growth
…..
27. High Visibility Clothing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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