According to the latest market study released by Technavio, the global floor safety products market is expected to grow at a CAGR of more than 4% during the forecast period.
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Technavio has published a new report on the global floor safety products market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global Floor Safety Products Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The growth of the global floor safety products market will be driven by the growth of commercial and industrial facilities. The growth of commercial and industrial spaces will be accompanied by a subsequent rise in the vulnerability to hazards. The need to check the risks of accidents in these spaces will be one of the driving forces in the global floor safety products market.
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Technavio's analysts categorize the global floor safety products market into four major segments by product. They are:
- Safety mats
- Floor safety cones and signage
- Antislip tapes
- Others
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The top three segments based on product for the global floor safety products market are discussed below:
Safety mats
The safety mats market is expected to be driven by the rising demand from the manufacturing industry, research laboratories, health care organizations, and industrial kitchens. Reinforcing workplace safety is another factor driving the growth of the global floor safety products market.
According to Neelesh Prakash Singh, a lead research analyst from Technavio, "Safety mats are designed with several features such as good traction, better grip, electrical safety, and insulation against cold floors. Also, vendors in the market have started offering eco-friendly products. Manufacturers are now manufacturing safety mats from recyclable materials such as rubber and foam."
Floor safety cones and signage
Safety floor cones and signage are deployed in wet floors and temporary workplaces, which are prone to several hazards. These safety floor products are used to prevent falls, mishaps and thus prevent the employee from sustaining injuries. Safety cones and signage usually are a bright yellow color to grab the attention of people, especially in areas with high footfalls.
"In manufacturing industries and commercial establishments, marking the boundaries of the wet and slippery areas with safety floor cones not only serves to warn workers but also increases the visibility of the hazard-prone areas. These safety cones and signage are lightweight and stackable and serve as an ideal solution to prevent STFs," says Neelesh
Anti-slip tapes
The demand for anti-slip tapes will be positive during the forecast period due to the increasing number of industrial accidents in end-user industries. Anti-slip tapes form an important safety equipment in the workplace environment to ensure that the workers do not suffer any serious injuries. These tapes are also known as traction tapes and build up friction between the worker's shoes and the surface or the ground, thereby preventing the worker from slipping.
Regulatory bodies like OSHA define specific standards to prevent costly accidents caused by slip-related falls. The failure to adhere to such prescribed standards can lead to costs for medical treatment, extensive fines, and lawsuits, depending on the severity of a fall. Such aspects make it mandatory for the end-user industries to deploy anti-slip tapes.
The top vendors highlighted by Technavio's research analysts in this report are:
- 3M
- Emedco
- Jessup Manufacturing Company
- Safety Grip Solutions
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