Safety Signs Market size to increase by USD 385.62 million between 2022 to 2027 | Growth in the commercial sector drives market growth - Technavio

NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The safety signs market size is expected to grow by USD 385.62 million from 2022 to 2027, with an accelerating CAGR of 3.92%. The primary driver for the safety signs market is the global growth of the commercial sector, with developing countries like China, Korea, and India, as well as the Middle East, investing heavily in commercial construction. Established economies such as the US, UK, Germany, Australia, Brazil, Spain, Italy, Canada, and Japan are also contributing to the safety signs market growth. In commercial buildings, safety signs including exit signs, warnings, luminescent signs, and emergency escape routes, are mandatory and play a crucial role in guiding visitors and providing instructions during emergencies. This is expected to positively impact the demand for safety signs in the market. To find preview of the market overviews, market drivers, opportunities, and potentials request free sample report

Safety Signs Market 2023-2027: Geographical Analysis

The Asia-Pacific (APAC) region is anticipated to make a substantial 42% contribution to the global market's growth. India and China are expected to be the key drivers of infrastructure development in APAC. The region's market growth is primarily attributed to the construction activities in emerging nations. The construction sector is set for steady expansion, creating a demand for new infrastructure to cater to the growing urban population's residential and commercial space needs. The increased affordability in countries like India, China, and Vietnam is directly boosting the growth of these sectors. Consequently, these factors are expected to drive the safety signs market's growth during the forecast period.

Safety Signs Market 2023-2027: Company Analysis

The safety signs market is fragmented due to the presence of many global and regional players. The market comprises category-focused, industry-focused, and diversified companies. The global off-grid safety signs market is expected to grow rapidly during the forecast period due to the Growing PPE market. Hence, the competition among companies is expected to intensify during the forecast. The report analyzes the market's competitive landscape and offers information on several market companies. 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

Safety Signs Market 2023-2027: Segmentation Analysis

By End-user

• Commercial
• Industrial
• Residential

By Material

• Polymer
• Metal
• Fiberglass

By Geography

• APAC

• Europe
• North America
• South America
• Middle East and Africa

To know additional highlights and key points on various market segments and their impact in coming years, Get Free Sample Report

Imperative Insights on the following aspects:

• What was the size of the global safety signs market by value?
• What will be the size of the global safety signs market in 2027?
• How has industry performed over the last 5 years?
• What factors are affecting the strength of competition in the global safety signs market?
• What main segments make up the global safety signs market?

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Related Reports:

Traffic Safety Products Market: The traffic safety products market is estimated to grow at a CAGR of 6.43% between 2022 and 2027. The size of the market is forecast to increase by USD 1,211.21 million.

Crash Barrier Systems Market: The crash barrier systems market share is expected to increase by USD 1.01 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.22%.

Table of Contents:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by End-user
7. Market Segmentation by Material
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, & Trends
11. Company Landscape
12. Company Analysis
13. Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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