Personal Protective Equipment Segmentation, Growth Potential, Strategic Assessment and Technological Advancement
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
(firmenpresse) - Market Highlights
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.
Industries all over the world are paying more attention towards health and physical safety of labours. In advanced countries, the level of safety standard has continued to rise over the years. A significant progress has been made in developing-counties. Countries such China, Brazil and India are striving towards matching international labour safety standards. In recent years, the demand for safety gears such as gloves, helmets, high-visibility clothing, gloves, safety footwear, eye protection and safety harnesses has increased in the countries mentioned above.
Personal protective equipment variety has expended over the years. Market players are focusing on product innovation and improving quality. Protective equipment need to heavy-duty and reliable. The materials used for manufacturing equipment also remain a key area of focus. Many R&D activities are directed towards developing more sturdy raw materials.
Segmentation:
The segmental analysis of the presonal protective equipment market has been conducted based on safety product, type, end-user and region.
On the basis of safety, the market has been segmented into safety footwear, high-visibility clothing, gloves, safety helmets and eye protection. On the basis of type, the market has been segmented into protective clothing, eye & face protection, head protection, respiratory protection, hands & arm protections and foot & leg protection.
On the basis of end-use, the market has been segmented into oil & gas, machinery & electronics, automotive, manufacturing, construction and chemical. The healthcare segment is expected to remain highly attractive during the assessment period. This is mainly owing to increased prevalence of communicable diseases such as Ebola, H1N1, etc. The automotive segment and construction segment are also expected to exhibit healthy growth over the next couple of years. Use of personal protective equipment in industries such as automotive and construction has increased owing to introduction of stricter worker safety laws. The construction segment is expected to exhibits a comparatively higher growth rate in the forthcoming years. Increased construction activities and robust urbanization in counties such as China and India can be linked with the segment’s growth.
Global Personal Protective Equipment Market: 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.
Global Personal Protective Equipment Market: Competition Analysis
Alpha Pro Tech, Ltd. (Canada), Radians, Inc. (US), MSA Safety Inc. (US), Kimberly-Clark Corporation (US), Carl Zeiss AG. (Germany), Lakeland Industries, Inc. (US), Sioen Industries NV (Belgium), Honeywell International Inc. (US), 3M Company (US), E I DuPont de Nemours and Co. (US) and Ansell Limited (US) are among the leading companies operating in the global market for personal protective equipment market.
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2020 - 06:20 Uhr
Sprache: Deutsch
News-ID 606600
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Contact person: Ehtesham Peerzade
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Typ of Press Release: Financial
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Date of sending: 07-02-2020
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