August 09, 2022 14:18 ET | Source: Vantage Market Research Vantage Market Research
WASHINGTON, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global High Visibility Clothing Market finds that the increasing usage of protective clothing for industrial safety and protection is expediting market growth. In addition, the rising demand on construction sites, since working in such locations is at high risk of accidents, is expected to augment the development of the Global High Visibility Clothing Market during the forecast period.
The Global High Visibility Clothing Market revenue is expected to reach a value USD 2,033 Million in 2028.
The Global Market revenue stood at a value USD 1,425.1 Million in 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period; states Vantage Market Research, in a report, titled “High Visibility Clothing Market Size, Share & Trends Analysis Report by Type (Safety Vest, T-Shirts, Pants, Jackets, Hats, Rainwear), by Price (Low, Medium, High), by Category (Type O, Type R, Type P), by Application (Construction, Transportation & Warehousing, Oil & Gas, Public Safety, Industrial Manufacturing, Mining), by Distribution Channel (Online, Offline), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Key Insights & Findings from the Report:
Rise in Use of Protective Clothing for Industrial Safety & Protection to Drive the Market Growth
The global market has witnessed a significant demand for high-visibility clothes in the last few years. This growth is mainly due to the mounting use of protective clothing for industrial safety & protection. There is increased awareness within the industry sector about using employee safety products in workplaces or hazardous areas, such as near roads, dark places, and areas where workers may be blocked by trees, roadblocks, or building materials. Good-looking clothing reduces accidents and injuries on the job by ensuring that employees are visible to each other. This may encourage various industries to opt for the most visible clothing. Besides, good-looking clothes promote team performance and safety. Hence, the increasing use of protective clothing for industrial safety further propels the market's growth.
Stringent Regulation by Governments Worldwide
Strict rules related to the safety of workers in developed economies are expected to advance the market for protective clothing. Developed government officials in the advanced economies are increasingly concerned about the health and safety of workers. Many government regulations and standards compel end-of-life industries to provide protective clothing to workers working in hazardous conditions. For instance, according to the 2010 U.S. Occupational Safety and Health Administration (OSHA) memorandum, workers in the oil and gas industry are obliged to wear heat-resistant and flammable clothing. Workers on construction sites are also required to wear safety clothing that is visible at the top, as they are exposed to traffic jams or moving machinery. The growing demand for protective equipment is expected to drive the market growth for advanced safety equipment.
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The report on High Visibility Clothing Market highlights:
North America Dominated the Global High Visibility Clothing Market
North America is expected to dominate the growth of High Visibility Clothing Market in 2021 due to the rapid increase in acquisition and the increasing emphasis on high textile material manufacturing practices in this particular region. Also, the U.S., China, Japan, and India are important markets for high-quality apparel. In addition, increasing awareness among industry managers about the use of industrial safety clothing, coupled with the application of strict government regulations to ensure the safety of workers in various industries, promotes the growth of the apparent clothing market.
Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on "High Visibility Clothing Market Size, Share & Trends Analysis Report by Type (Safety Vest, T-Shirts, Pants, Jackets, Hats, Rainwear), by Price (Low, Medium, High), by Category (Type O, Type R, Type P), by Application (Construction, Transportation & Warehousing, Oil & Gas, Public Safety, Industrial Manufacturing, Mining), by Distribution Channel (Online, Offline), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
List of Prominent Players in High Visibility Clothing Market:
August 2021 - Honeywell International Inc. developed a new product, namely, Miller®, under its H500 safety series. This is used to measure safety and style that combines ergonomics with luxury and precise safety features to give employees more confidence when working in high-tech areas of construction, equipment, metal, manufacturing, military, and other industrial activities. Top webbings ensure that clothing is visible in all light conditions and offers contrast against clothing in its color scheme. The H500 series has been named the winner of the world-famous 2021 i F Design and Red Dot product design competitions.
June 2021 - Ansell Limited launched its first factory in Russia. The facility will produce available Active Armr Hycron gloves to protect professionals in challenging situations. In the first phase, the company plans to make two million pairs of gloves a year and, in the future, to produce twice. This will allow local production to protect the demand for gloves in Russia and export products to Belarus and Kazakhstan.
June 2021 - 3M signed an agreement with Bemis Associates Inc. to distribute and convert 3M Scotchlite Reflective Materials. The distribution agreement will develop the unique capabilities of each product to supply sportswear and functional clothing worldwide with new and unique display offerings. 3M™ Scotchlite Reflective Transfer films are for use in highly functional safety clothing.
Key questions answered in the report:
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