Allied Market Research published a report, titled, Safety Signs Market by Type (Steel, Plastic, Aluminum, Fiberglass, and Others) and Applications (Industrial, Commercial, and Residential): Global Opportunity Analysis and Industry Forecast, 2024-2032 . According to the report, the safety signs market was valued at $2.5 billion in 2023, and is estimated to reach $3.8 billion by 2032, growing at a CAGR of 5% from 2024 to 2032.
The global safety signs market is experiencing growth due to several factors such as development of connected infrastructure and integration of small signs with intelligent transportation systems. However, high system costs and exposure to adverse weather hinder market growth. Moreover, growing demand for digital signage offers remunerative opportunities for the expansion of the global market.
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