Market Overview:
The global safety vest market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about safety among workers and the growing demand for safety vests from construction sites, traffic command, security, and other applications. The LED reflective vest segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, owing to the increasing demand for these vests from construction sites and other applications.
Product Definition:
A safety vest is an article of clothing that is worn to increase the visibility of a person in low-light or hazardous working conditions.
LED Reflective Vest:
LED reflective vests are safety garments that are made up of high-performance fabrics and designed to offer protection against hazardous work environment. These products have gained significant traction in the global market owing to their ability to enhance visibility, which is a crucial factor in worker safety. The product has witnessed an increase in demand across various industries including construction, oil & gas, mining and manufacturing owing to its ability of enhancing workers’ visibility during day as well as at night.
Fluorescent Reflective Vest:
Fluorescent reflective vests are a type of safety clothing or workwear that is made up of high-performance fabric and has fluorescent color changing properties. The vest can be used as safety clothing in various industries including construction, mining, oil & gas, emergency medical services (EMS), firefighting and traffic management among others.
Application Insights:
The traffic command application segment led the global safety vest market in 2017. The growth can be attributed to the rising number of road accidents and construction sites that require constant monitoring for safety purposes. Traffic Command vests are designed with features such as LED light, panic button, etc., which makes them useful at construction sites, public roads and highways where there is a high risk of accidents occurring due to lack of visibility.
Construction site applications accounted for a significant share in 2017 owing to increasing investments from various governments across the globe towards infrastructure development projects. For instance, China has announced plans to invest around USD 110 billion annually in key sectors including transportation & urban development over the next five years from 2018-19 till 2020-21. Such initiatives by governments across various countries will boost product demand at construction sites over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to various factors such as stringent regulations, high adoption rate of safety vests and increasing demand for construction safety products. For instance, according to the National Association of State Work Industries (NASWI), in 2015 more than 300 million work-related injuries were reported which resulted into loss of more than 0 billion annually. Also, according to OSHA 2016 statistics around 29% of all workers are injured at work every year and around 7% suffer from job-related injuries severe enough to keep them out of work for a period longer than seven days.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising investments in infrastructure development coupled with government initiatives pertaining security measures at construction sites.
Growth Factors:
- Increasing awareness about safety and security among people across the globe.
- Rising demand for safety vest from various industrial sectors owing to increasing number of accidents and fatalities.
- Growing popularity of safety vest as a fashion accessory among youngsters and womenfolk.
- Technological advancements in the manufacturing of safety vest that offer enhanced features and protection to users against potential hazards or risks while working or travelling outdoors/indoors etcetera
Scope Of The Report
Report Attributes
Report Details
Report Title
Safety Vest Market Research Report
By Type
LED Reflective Vest, Fluorescent Reflective Vest, Other
By Application
Construction Site, Traffic Command, Security, Other
By Companies
Carolina Glove Co, Tech Products, Robinson Windword, The Reflectory, The Brush Man, SPC Mfg, Guardway Corp, QM Reflective, China Reflective, Safety Master
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Safety Vest Market Report Segments:
The global Safety Vest market is segmented on the basis of:
Types
LED Reflective Vest, Fluorescent Reflective Vest, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Site, Traffic Command, Security, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carolina Glove Co
- Tech Products
- Robinson Windword
- The Reflectory
- The Brush Man
- SPC Mfg
- Guardway Corp
- QM Reflective
- China Reflective
- Safety Master
Highlights of The Safety Vest Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Reflective Vest
- Fluorescent Reflective Vest
- Other
- By Application:
- Construction Site
- Traffic Command
- Security
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Safety Vest Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A safety vest is a garment worn to protect the wearer from injury in the event of an accident.
Some of the major players in the safety vest market are Carolina Glove Co, Tech Products, Robinson Windword, The Reflectory, The Brush Man, SPC Mfg, Guardway Corp, QM Reflective, China Reflective, Safety Master.
The safety vest market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Safety Vest Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Safety Vest Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Safety Vest Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Safety Vest Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Safety Vest Market Size & Forecast, 2020-2028
4.5.1 Safety Vest Market Size and Y-o-Y Growth
4.5.2 Safety Vest Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LED Reflective Vest
5.2.2 Fluorescent Reflective Vest
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction Site
6.2.2 Traffic Command
6.2.3 Security
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Safety Vest Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Safety Vest Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LED Reflective Vest
9.6.2 Fluorescent Reflective Vest
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction Site
9.10.2 Traffic Command
9.10.3 Security
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LED Reflective Vest
10.6.2 Fluorescent Reflective Vest
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction Site
10.10.2 Traffic Command
10.10.3 Security
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LED Reflective Vest
11.6.2 Fluorescent Reflective Vest
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction Site
11.10.2 Traffic Command
11.10.3 Security
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LED Reflective Vest
12.6.2 Fluorescent Reflective Vest
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction Site
12.10.2 Traffic Command
12.10.3 Security
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LED Reflective Vest
13.6.2 Fluorescent Reflective Vest
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction Site
13.10.2 Traffic Command
13.10.3 Security
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Safety Vest Market: Competitive Dashboard
14.2 Global Safety Vest Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carolina Glove Co
14.3.2 Tech Products
14.3.3 Robinson Windword
14.3.4 The Reflectory
14.3.5 The Brush Man
14.3.6 SPC Mfg
14.3.7 Guardway Corp
14.3.8 QM Reflective
14.3.9 China Reflective
14.3.10 Safety Master
