The global Stair Nosing Market is estimated to be valued at US$ 1.09 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Made from aluminum, rubber and plastic, stair nosing's come with anti-slip inserts to prevent accidents at stairways. They play an important role in identifying steps and preventing falls.
Market key trends:
One of the key trend gaining traction in the stair nosing market is the rise in demand for rubber stair nosing's. Rubber stair nosing's are highly durable and provide superior slip resistance as compared to traditional metal or plastic stair nosing's. They are also easier to install and replace making them suitable for residential as well as commercial refurbishment projects. Their textured anti-slip surface makes them ideal for both indoor and outdoor usage. This increasing demand for slip-resistant and comfortable rubber stair nosing's is expected to fuel the market growth over the forecast period.
Segment Analysis
The global Stair Nosing Market Size is segmented by material, end-use industry and geography. By material, the market is divided into plastic, aluminum, rubber, and others. Among these, the plastic segment accounts for the major share in the global market owing to its slip-resistant and anti-slip features. It is commonly used for stair nosings as it is durable and affordable.
Key Takeaways
The global stair nosing market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing safety concerns in residential and commercial buildings.
Regional analysis:
Asia Pacific region dominates the global market and is expected to continue its dominance over the forecast period. This is attributed to rapidly growing construction activities in emerging countries such as China and India.
Key players:
Key players operating in the stair nosing market are Quantum Profile Systems Ltd., Amstep Products, Novaproducts Global, Optimum Technologies, Inc., Tarkett S.A., MEISHUO Building Materials Co. Ltd., Kinesik Engineered Products, Spectrum Floors, C.A.T. LTD. and Litokol. Quantum Profile Systems Ltd. Specializes in manufacturing slip-resistant stair nosings for residential and commercial construction. It offers a wide range of products made from aluminum and rubber.
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