Thu, 26 Nov 2020

Market Highlights

The implementation, scrutinization, and amendment of labor laws by governments to ensure the safety and protection of laborers is likely to drive the growth of the personal protective equipment market in the coming years. The governments have mandated safety standards to be met by industries for the workers. These mandates are expected to lead the proliferation of the personal protective equipment market during the assessment period. In addition, industries such as oil & gas, mining, etc. require the labors to work in extreme conditions. It is presumed to boost the growth rate of the global market in the nearby future. Increasing exploration activities in the mining industry are one of the primary market drivers.

Personal protective equipment market has been steadily developing all over the world with enforcement of stringent labour safety laws. Market Research Future (MRFR) projects that the global personal protective equipment market will expand at a CAGR of 6.2% during the forecast period (2017-2023). The market is expected to surpass a valuation of USD 53 Bn by the years 2023.

Market participants are focusing on the innovation of product line and product development. The launch of new and lightweight products is expected in the coming years. It is supposed to push the personal protective equipment market on its growth trajectory.

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Regional Analysis:

The market has been covered across Europe, North America and Asia Pacific (APAC). Currently, North America leads the global personal protective equipment market. In terms of revenue, the region accounts for more than one-third share of the global market. High demand from end use sectors such as construction, healthcare and automotive. Sales of protective gears such as helmets and smart glasses. Moreover, presence of stringent regulations on labour safety plays an important role in driving the market growth in North America. The North America personal protective equipment market is expected to remain highly attractive during the review period. Asia Pacific (APAC) is also viewed as a key markeSt for personal protective equipment, which Japan, South Korea and China being the hotbeds for market players in the region.

Segmentation:

The segmentation of the personal protective equipment market, on the basis of type, covers - respiratory protection, foot & leg protection, protective clothing, eye & face protection, fall management equipment, head protection, hands & arm protections, protective eyewear, protective communications, and others.

Based on safety products, the segmental analysis of the personal protective equipment market covers gloves, safety helmets, eye protection, safety footwear, high-visibility clothing, oxygen mask, and others.

The end-user segments of the personal protective equipment market profiled in the report are - manufacturing, machinery & electronics, construction, chemical, aeronautics and aerospace, oil & gas, healthcare, transportation, food & beverage, firefighting, and others.

Competitive Dashboard:

E I DuPont de Nemours and Co. (US), Alpha Pro Tech, Ltd. (Canada), Radians, Inc. (US), Sioen Industries NV (Belgium), 3M Company (US), Ansell Limited (US), MSA Safety Inc. (US), Kimberly-Clark Corporation (US), Carl Zeiss AG. (Germany), Honeywell International Inc. (US), and Lakeland Industries, Inc. (US) are some of the players operating in the personal protective equipment market profiled in this assessment. These players are anticipated to innovate and expand their product lines in the upcoming years. It is presumed to catalyze competition among the market players during the forecast period.

Industry News:

In October 2019, RX-Safety, a leader in general safety glasses and prescription safety glasses, has announced the launch of a complete product line for Oakley Prescription Safety Glasses. These glasses will also be available for online purchase on RX-Safety.com.

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Personal Protective Equipment Market, By Type (Respiratory Protection, Protective Clothing, Foot & Leg Protection, Eye & Face Protection, Hands & Arm Protections, Head Protection), By Safety Products (Safety Helmets, Gloves, Eye Protection, High-Visibility Clothing, Safety Footwear), By End-User (Manufacturing, Construction, Machinery & Electronics, Chemical, Oil & Gas) - Forecast 2023

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