Stair nosing, also known as stair tape, is installed at the leading edge of treads of stairs for safety purposes. It prevents tripping accidents by making the edges of steps more visible. stair nosings are slip-resistant, anti-slip tapes or stripes which are adhered to the front leading edges and sometimes nosings of treads of commercial and industrial stairways. They enhance visibility of stair edges and prevent slips and falls. Stair nosings are available in a range of durable materials like aluminum, rubber, plastic and specialty vinyl.
The global stair nosing market is estimated to be valued at US$ 1.23 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Rapid urbanization and infrastructure development are fueling the demand for stair nosing tapes globally. Furthermore, strict occupational safety regulations mandating the installation of slip-resistant stair nosings and tapes in commercial spaces like factories, schools, malls and corporate offices is boosting the market.
Key Takeaways
Key players operating in the stair nosing market are Sartorius, Merck KGaA, Thermo Fisher Scientific Inc., GENERAL ELECTRIC, Danaher Corporation.
The demand for stair nosings is rising sharply owing rapid industrialization and infrastructural projects across regions. Majority of projects in developing nations like India, China, and Southeast Asian countries are incorporating safety measures and complying to regulatory norms.
Key global players are focusing on geographical expansion strategy through partnerships and acquisitions to meet the growing product demand from safety-conscious industries globally and strengthen their market presence. For instance, in 2023 3M acquired Focal Point LLC, a US based stair safety company to enhance its portfolio of slip-resistant tapes, brackets and edge protectors.
Market key trends
One of the key drivers gaining traction is the integration of LED lights in stair nosings for enhanced visibility especially in low light commercial spaces. SafetyD-Lites stair nosings by Inteus Safety incorporate thin LED lighting to illuminate the step edges for better night time visibility and fall protection. These intelligent LED integrated stair nosings are self-contained, battery-powered options ideal for warehouses, basements and other poorly lit staircases.
Porter’s Analysis
Threat of new entrants: Stair Nosing Market Demand requires significant capital investment to set up manufacturing plants and R&D facilities. Moreover, established brands have strong brand awareness and distribution networks.
Bargaining power of buyers: Buyers have moderate bargaining power as stair nosing are safety products and alternatives are limited. However, they can negotiate on pricing and contract terms.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes and less differentiation in raw materials.
Threat of new substitutes: Threat of substitution is low as stair nosing have no close substitutes that provide the same safety, durability and aesthetics.
Competitive rivalry: Market has presence of many global and regional players leading to high competition.
North America accounted for the largest share of the global stair nosing market owing to increasing focus on worker safety regulations and rapid growth in commercial and residential construction activities. Asia Pacific is projected to grow at the fastest rate during the forecast period due to rising construction and infrastructure development projects, growing middle class population and improving economic conditions in emerging countries like China and India.
Geographical Regions
In terms of value, North America held the largest share of the stair nosing market in 2024 owing to stringent worker safety regulations and high demand from building and construction sector. The U.S. accounts for the bulk of the regional demand due to presence of leading manufacturers and early adoption of advanced safety solutions across various industries.
Asia Pacific region is anticipated to grow at the highest pace during the forecast period from 2024 to 2031. Rapid urbanization, increasing infrastructure investment, rising disposable incomes and growing population are some of the major factors driving the construction activities in countries such as China and India. This in turn is projected to boost the demand for stair nosing in residential as well as commercial applications. Additionally, growing safety awareness and mandatory compliance with industrial standards will further support the regional market expansion.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)