STAIR NOSING MARKET WILL GROW AT HIGHEST PACE OWING


 

Stair nosing is an aluminium strip installed over the stairs, tread nosing acts as a ladder providing safety to the people while usage. The increasing concerns towards safety at workplaces, commercial buildings has augmented the demand for anti-slip flooring solutions such as stair nosing across industries. The stair nosing provides better traction, wear resistance and durability along with enhancing aesthetic looks of the stairs. The stair nosing protects from slips and falls which is a major cause of accidents at public places.

The Global Stair Nosing Market is estimated to be valued at US$1.26 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the stair nosing market are Sartorius, Merck KGaA, Thermo Fisher Scientific Inc., GENERAL ELECTRIC, Danaher Corporation, SUEZ Water Technologies & Solutions, Veolia Water Solutions and Technologies, Evoqua Water Technologies LLC, Aqua Solutions, Inc., Baxter International Inc. The rising concerns over safety at workplaces have augmented the demand for stair nosing. Stair nosing enhances traction over the stairs and thus prevents slips and falls. The technological advancements in materials such as application of anti-slip coatings on stair nosing have improved durability and traction.

Market trends

The increasing replacement activities of aging infrastructures with new commercial complexes in developing nations have augmented the product demand. The growing construction of hospitals, schools and corporate offices are majorly driving the stair nosing market. Furthermore, the implementation of stringent safety rules by governments have positively impacted the market revenues.

Market Opportunities
The imposition of mandatory installation of anti-slip stair nosing by governments in public places is expected to offer new avenues for market growth. Furthermore, innovations in smart and intelligent Stair Nosing Market Size integrated with IoT is anticipated to offer new opportunities over the forecast period.

Impacts of COVID-19 on Stair Nosing Market
The COVID-19 pandemic has significantly impacted the stair nosing market. Government imposed lockdowns and social distancing norms led to shutdown of construction activities worldwide in early 2020. This hampered the demand and supply of stair nosing products. Many projects were either cancelled or postponed which negatively impacted market growth. However, with gradual lifting of restrictions from mid-2020, construction activities resumed partially with implementation of proper safety guidelines. This provided some relief but demand is yet to recover to pre-pandemic levels. Social distancing continues to impact commercial and institutional projects more than residential sector. Raw material supplies were also disrupted during initial months affecting production volumes. Moving forward, the market is expected to pick up pace slowly driven by ongoing and new residential construction projects. However, uncertainty around future waves of pandemic may continue to pose challenges. Greater focus on hygiene and safety is likely to drive demand for anti-slip and microbial resistance products post pandemic.


The Europe region accounts for majority share of the global stair nosing market in terms of value. Countries like Germany, UK, France, Italy have large construction industry and major players. Asia Pacific is the fastest growing regional market led by construction boom in China and India. North America also has sizable demand driven by ongoing infrastructure development projects. Recovery in these regions depends on pace of lifting lockdowns, resumption of economic activity and projects. Residential sector is providing early support for growth while commercial may take longer to bounce back.

While the North America region is a significant market for stair nosing currently, the Asia Pacific region provides enormous growth opportunities. Countries like China, India, Indonesia, Vietnam and Philippines are urbanizing rapidly and witnessing tremendous infrastructure growth including airports, metros, commercial buildings and housing. This massive construction activity drives the demand for stair nosing. Further, low labor costs make Asia Pacific an attractive manufacturing hub for key players. India is emerging as the fastest growing market in Asia Pacific due to various government initiatives for housing and smart city development. Resurgent economic growth post pandemic also supports the regional market momentum. Widespread use of stair nosings in public places enhances safety and prevents accidents at sites.

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Created: 25/02/2024 09:15:11
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