High-visibility Clothing Market by Product and Geography — Forecast and Analysis 2020–2024

During 2020–2024 the high-visibility clothing market will grow at a CAGR of almost 2%. The market size has the potential to increase by $ 120.22 million. Factors such as growing emphasis on green materials and processes in the manufacturing of high-visibility clothing will offer considerable growth opportunities to high-visibility clothing market vendors.

The market appears to be fragmented and with the increasing growth opportunities, the level of competition among the vendors in this market will intensify further. To increase their market share in this competitive market, market participants have already started adopting various strategies such as M&A and partnerships.

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For instance, 3M Co., in January 2020, the company announced that it had completed the sale of the advanced-ballistic protection business to Avon Rubber Plc. Ansell Ltd., in November 2019, the company announced a partnership with ProGlove to develop hand protection solutions utilizing technology to ensure the right PPE compliance in the workplace.

Honeywell International Inc., in December 2019, the company announced that it had acquired Rebellion Photonics, a provider of innovative, intelligent, visual gas monitoring solutions. Therefore, such strategies from vendors is expected to boost the growth of the global high-visibility clothing market during the forecast period.