Personal Protective Equipment Market Opportunities, Share, Industry Forecast by Type, Price, Regions, Top Players, Trends and Demands
(firmenpresse) - Market Highlights
The personal protective equipment is marketed for general industry, shipyard employment, long shoring, marine terminals, and construction, owing to head injuries which has been assessed over 40% of the industrial mortality rate and accidents. The competitive dynamics for the PPE industry will be relatively different by 2023, and will be driven by disruptive business models, innovation, and introduction of smart and wearable PPE products transforming the workplace to a connected domain and improving worker safety and productivity. The increasing cost associated with workplace hazards, along with the launch of industry specific personal protection equipment by the enterprises are contributing towards boosting PPE market.
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.
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 marke for personal protective equipment, which Japan, South Korea and China being the hotbeds for market players in the region.
Segmentation:
The Personal Protective Equipment Market Size has been analyzed on the basis of safety products, type, end -users and region. Personal Protective Equipment Market by Type is segmented into Protective Communications, Protective Eyewear, Respiratory Protection, Foot & Leg Protection, Protective Clothing, Eye & Face Protection, Head Protection, Hands & Arm Protections, Fall Management Equipment, and Others. The safety products is segmented that includes safety helmets, gloves, high-visibility clothing, eye protection, safety footwear and safety harnesses. The study specifies that the safety gloves has dominated the global PPE demand and increasing number of arm injuries, hand cuts, and abrasions in the workplace may be attributed to the growing demand of this segment. In user segment, the healthcare segment is also a thriving the market for personal protection equipment, owing to unceasingly increasing communicable diseases such as H1N1, Ebola, and among others. Personal Protective Equipment Market by End-User is segmented into Manufacturing, Aeronautics and Aerospace, Construction, Machinery & Electronics, Oil & Gas, Chemical & Synthetics, Healthcare, Firefighting, Transportation, Food and beverages, and Others. the construction and aeronautics and aersopace sectors are also anticipated to continue their dominance in APAC region over the next five years. Construction is likely to be the fastest-growing end-use industry segment, owing to the increasing consumer spending and new construction projects in developing economies such as India, China, and Brazil. In addition, the increasing use of personal protective equipment by workers in residential construction, bridge erection, demolitions, roadway paving, and excavations is also driving this end-use industry.
Competitive Analysis
The major market players functioning in the global market as identified by MRFR are Sioen Industries NV (Belgium), Alpha Pro Tech, Ltd. (Canada), 3M Company (US), Radians, Inc. (US), MSA Safety Inc. (US), Kimberly-Clark Corporation (US), Ansell Limited (US), Honeywell International Inc. (US), E I DuPont de Nemours and Co. (US), Carl Zeiss AG. (Germany), and Lakeland Industries, Inc. (US) among others.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/personal-protective-equipment-market-3826
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Datum: 16.09.2020 - 13:12 Uhr
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News-ID 619533
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