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Global Safety Signs Market to Reach $2.1 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Safety Signs estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record a 3.6% CAGR and reach US$1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Industrial segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $460.1 Million, While China is Forecast to Grow at 5.5% CAGR
The Safety Signs market in the U.S. is estimated at US$460.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$401.4 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$265.1 Million by the year 2027.



Residential Segment to Record 2.6% CAGR
In the global Residential segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$292.7 Million in the year 2020 will reach a projected size of US$348.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.8% CAGR through the analysis period.