Global Safety Signs Market Is Valued At 1560 Million USD In 2017
Friday, 16 Nov, 2018
A safety sign is an information or instruction pertaining to safety and health in workplace or commercial space. It is conveyed by means of a signboard, a distinguishable color, an illuminated or an acoustic signage, a verbal communication, or a hand sign.
Safety Signs are crucial in any work environment. The primary importance of displaying Safety Signs is to prevent injury and ensure staff and visitors are well aware of the possible dangers and hazards ahead in certain situations and/or environments.
The global Safety Signs market is valued at 1560 million USD in 2017 and will reach 2400 million USD by the end of 2025, growing at a CAGR of 5% during 2018-2025.
The major players are Accuform Manufacturing, Brady, Rubbermaid, Japan Green Cross, Northern Safety, Unit Safety Signs, Big Beam, Ecoglo International, ComplianceSigns, Brimar Industries, Tsukushi-Kobo, National Marker, Jalite, EverGlow, ZING Green Products, INCOM, Viking Signs, Axnoy Industries and etc.
Safety signs are being developed with innovations in material and source of power. One trend in the market is product development. Safety signs are witnessing product development in the form of material used as well as source of power. For instance, solar safety signs were introduced in which the boards are sourced by a PV panel that ignites safety signs, making them visible. Furthermore, batteries are used to store solar energy in daytime that can be later used in night-time to power safety signs.