Global Floor Safety Products Market 2017-2021

Overview of the global floor safety products market

Research analysis on the global floor safety products market identifies that the rise in construction of commercial buildings will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 4% by 2021. Commercial buildings such as offices and malls witness a huge number of foot traffic which increases the prospect of hazards. To overcome these problems, it is important for these commercial buildings to install floor safety signs in the event of repairs and maintenance to avoid falls and slips. The construction of commercial buildings is likely to show a strong growth rate during the forecast period due to rapid industrialization, especially in the developing economies such as China, Thailand, Malaysia, and Indonesia. The growth in number of commercial buildings will drive the utilization of floor safety products and increase the sales volume.

The introduction of multiple safety features in safety mats is one of the latest trends that will contribute to the growth of this market. The safety mats are equipped with features such as anti-slip, chemical resistance, antimicrobial, and oil and grease resistance. Some floor mats are also designed for impact and abrasion-resistance. These mats are also designed to meet the standards of reliability and durability in the harshest industrial environments. The integration of advanced safety features in the safety mats will drive the demand for higher adoption of safety mats in various end-user segments, which in turn, propels the growth of the floor safety products market.

Competitive landscape and key vendors