Vantage Market Research
Aug 02, 2022
In terms of revenue, the Global High Visibility Clothing Market is expected to reach USD 2,033 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.00% from 2022 to 2028.
The visible items are industrial goods, which are often used by workers to be exposed to many conditions, together with darkness & hazardous environmental conditions like smoke, rain, and snow. It is designed for workers in several industries like construction sites, traffic management, maintenance facilities, security, coastal operations, mining, and manufacturing so that they can safely and prevent accidents while performing specific tasks. These garments testify to the great need for industrial use to advance the safety of workers, especially those working in dark areas. Moreover, the increase in demand for High Visibility Clothing in the manufacturing industry and the growing R&D is anticipated to augment the market's growth during the forecast period.
Key Highlights from Report:
- High Visibility Clothing is highly in demand on Construction sites, as working in this location is at high risk of accidents. So, the safety of all workers is crucial, which is expected to support the segmental growth of the market.
- Government rules and regulations are driving the demand for the High Visibility Clothing market. These clothes are worn by police, fire services, and ambulances while on duty and are likely to accelerate the segmental growth of the market.
- Asia Pacific is expected to increase at the fastest Compound Annual Growth Rate (CAGR) in the coming years. Among these, China accounted for the largest share in APAC in 2021. This is attributable to the region's rising energy consumption because of the increase in population, mainly in India and China. In addition, the increased demand for crude oil and hydrocarbons due to the increasing rate of urbanization is also anticipated to expand the growth of the regional market.
Market Dynamics:
People wearing hi-vis clothes are more visible as they are created from brightly colored materials and reflective substances. This outerwear makes it easier for drivers to see laborers at night and makes them more noticeable to cars during the day, which is especially important in poor weather. The death toll might be reduced by wearing this outfit. Although sufficient safety procedures and training are provided, there is still a higher risk of accidents in these workplaces that might end in death. Workers wearing high-visibility clothes are more visible, which reduces the risk of a life-threatening tragedy. The increased usage of protective garments for industrial safety and protection is in rising demand.
Employee safety goods are now more generally used in workplaces and risky locations near roadways, dark regions, and areas where employees may be obstructed by trees, barricades, or construction debris. Visible clothing is meant to ensure that employees are visible to one another. It also means that workplace accidents and injuries are decreasing. Strict regulations for worker safety in developed economies are projected to propel the protective clothing market. Several government rules and standards require end-of-life industries to provide protective clothing to workers in challenging circumstances. Workers on construction sites must also wear high-visibility safety clothes since they are exposed to traffic and moving machinery.
Asia Pacific held the most significant shares in 2021. Due to the increase in adoption and this location, there is a strong focus on the operations involved in manufacturing high-visibility clothes. This factor is expected to support the growth of the High Visibility Clothing market in the region.