This page was printed from https://specialtyfabricsreview.com

Global high-visibility clothing market outlook

October 21st, 2020 / By: / Industry News

According to a report by Technavio, the global high-visibility clothing market size is poised to grow by USD 120.22 million during 2020-2024, progressing at a CAGR of almost 2% throughout the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the increasing demand for high-visibility clothing from the manufacturing industry. The manufacturing industry is one of the significant contributors to industrialized economies such as the U.S. The industry consists of different application areas that can pose diverse risks. Thus, a range of high-visibility clothing must be used at manufacturing sites to ensure the safety of workers. This has encouraged many high-visibility clothing manufacturers to offer a wide range of clothing.

North America was the largest high-visibility clothing in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the growing emphasis on green materials and processes in the manufacturing of high-visibility clothing.