Market Challenges And Opportunities

Global Stair Nosing Market– Drivers

Increasing Investments in Infrastructure and Construction

Stair nosing is an extended portion at the edge of the stair that prevent accidents. This extended portion also prevents the breakage of stair treads. Furthermore, rising demand for stair designing due to government’s investments in construction and infrastructure development is expected to drive the market growth.

For instance, in 2020, the U.S. witnessed a significant focus on building infrastructure. The country's government introduced the Infrastructure Investment and Jobs Act, a US$ 1.2 trillion bipartisan bill aimed at enhancing the nation’s infrastructure. The bill focuses on funding various projects including roads, bridges, public transit, and airports. Such extensive infrastructure investments increased construction activities, and thus, boosting demand for safety features like stair nosing.

Stringent Guidelines for Stair Designing

The guidelines for designing stair, treads, and stair nosing have reduced accidents caused by stairs. According to RoSPA – The Royal Society for the Prevention of Accidents, in 2022, it was analyzed that in the U.K., 700 people die every year due to stair accident which is greater than the number of people died on construction sites. Also, 43,000 people are hospitalized every year due to stair accidents.

Over the past years, the U.K. government has developed various building regulations such as Building Regulation Document K and Building Regulation Document M. These regulations define the dimension of stair nosing between 50-65mm and 30-55mm, the color of the stair nosing should be different from the floor color, slip resistance tread surface of stair nosing, and others. The British Standard 5395-1 is updated into building regulations. Hence, the updated regulations will improve safety and have 60% reduction in stair accident. Hence, such regulations helps to increase safety and drive the stair nosing market growth.

Global Stair Nosing Market– Opportunities

Increasing Focus on Safety and Regulation

Safety regulations and standards related to staircases and stairs are becoming more stringent globally. This presents an opportunity for stair nosing manufacturers to offer innovative solutions that meet or exceed these safety requirements. As businesses and organizations prioritize the safety of their occupants, there has been huge demand for stair nosing products that minimize slip and trip hazards on stairs. For Instance, the Occupational Safety and Health Administration (OSHA) in the United States and the Health and Safety Executive (HSE) in the United Kingdom have specific guidelines for stair safety, including the use of stair nosing.

Infrastructure Development Projects

Infrastructure development projects such as the construction of commercial buildings, residential complexes, airports, and transportation facilities provide significant opportunities for the global stair nosing market. As new infrastructure projects are undertaken worldwide, there has been growing need for stair nosing solutions that enhance safety and comply with building codes and regulations. For instance, in the United States, the Biden administration's proposed infrastructure plan aims to invest $2.3 trillion in infrastructure projects, including the construction and renovation of buildings. Similar infrastructure investment plans are being implemented in other countries worldwide, providing opportunities for the stair nosing market.

Global Stair Nosing Market– Restraints

Lack of Awareness about Stair Nosing

There is lack of awareness about stair nosing among people. Stair nosing prevents slips and falls, and it has anti-slip properties. It helps to reduce the breakage of tread. Stair nosing is beneficial for people with poor vision. But, there is lack of awareness among people about stair nosing. The usage of stair nosing in residential areas is potentially low, especially where the danger is high and people of different age group such as children, adults, and old age resides. Increased the risk of accident can lead to severe damages such as fractures, head injury, and others.

Installation Complexities and Retrofit Challenges

Retrofitting stair nosing in existing buildings can be a challenging task, especially if the staircases have unique dimensions or structures. The complexity of installation and associated costs can deter some property owners from adopting stair nosing solutions. Manufacturers need to address these challenges by providing installation guidelines, simplified retrofit solutions, and professional support.