Stair Nosing Market is Anticipated to Witness High Growth Owing to Increased Safety Concerns

Stair nosing are slip-resistant edge strips or profiles fitted to the edge of stair steps or floor to provide safe and secure footing in high traffic residential and commercial buildings. Stair nosing helps prevent slips and falls on staircases which is a major cause of injuries. The growing need for safety and security in commercial and residential infrastructure is anticipated to drive the demand for stair nosing during the forecast period. Stair nosing helps prevent accidental falls and improves traction on steps making them an essential safety component.

The global stair nosing market is estimated to be valued at US$ 1.26 Mn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031 driven by rapid infrastructure growth and increased safety awareness.

Stair Nosing Market

Key Takeaways

Key players operating in the stair nosing market include Sartorius, Merck KGaA, Thermo Fisher Scientific Inc., GENERAL ELECTRIC, Danaher Corporation. Sartorius and Merck KGaA are market leaders due to their diverse product portfolio and global presence.

The Stair Nosing Market Demand offers lucrative growth opportunities owing to growing strict building codes and safety standards in residential and commercial sectors worldwide. Additionally, initiatives by governments and safety organizations to promote slip-resistant designs are complementing market growth.

Major players are expanding their global footprint through investments in emerging markets of Asia Pacific and Latin America. Sartorius recently announced plans to triple its manufacturing capacity in India to meet growing domestic demand for laboratory equipment. Thermo Fisher also inaugurated a new facility in China in 2021.

Market drivers and restraints

Rapid infrastructure growth across developing nations is a key driver for stair nosing market. There is significant ongoing construction of malls, offices, hotels and hospitals which demand integrated safety solutions. According to statistics, India and China are expected to contribute over 60% to the global infrastructure spending between 2020-2040.

Growing safety awareness among consumers and organizations coupled with stringent building code regulations requiring integration of slip-resistant designs is another major factor boosting adoption. Non-compliance can lead to legal liabilities and financial losses.

However, availability of cheaper alternative solutions without certifications and prevalent use of do-it-yourself methods in some regions can negatively impact the stair nosing market growth. Also, halts in construction activities due to financial crises pose a key challenge.

Segment Analysis

Aluminum stair nosing segment is dominating the stair nosing market owing to its various advantages like cost-effectiveness, durability, and lightweight. Aluminum stair nosing can last for years with proper maintenance and is highly resistant to corrosion and scratches. The powder coated aluminum stair nosing offers added protection from corrosion and weathering. Thermoplastic stair nosing is another rapidly growing sub-segment due to its versatility and customizability. Thermoplastic stair nosing is easy to install and requires less maintenance compared to other materials.

Global Analysis

North America is expected to dominate the global stair nosing market during the forecast period owing to stringent occupational safety regulations in the construction industry. Presence of major construction companies and awareness regarding the importance of stair safety products further support the market growth. Asia Pacific is projected to witness the fastest growth during the forecast period. Rapid infrastructure development and growth of the construction industry in China, India, Indonesia, and other Asian countries are likely to boost the demand for stair nosing products. Rising disposable income levels are also contributing to the market growth in Asia Pacific region.

 

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