Hand & Arm Protection to Hold Leading Share in India Personal Protection Equipment Market
Increasing awareness about
importance of workplace safety to drive India personal protection equipment
market through 2025
According to
TechSci Research report, “India
Personal Protection Equipment Market By Type, By Industry, By Region,
Competition, Forecast & Opportunities, 2025”, personal protection equipment market in India is
anticipated to grow at a double digit CAGR until 2025 due to increasing
awareness of workplace safety and strict regulatory framework for the use of
personal protection equipment at potentially unsafe workplaces. Increasing
foreign investment due to favorable FDI policies laid down by the government
and rapid industrialization are projected to fuel the demand for personal
protection equipment in India until 2025. Additionally, technological
advancements in the industrial space are also favoring the adoption of personal
protection equipment in the country. However, high price of these equipment and
increasing adoption of automation over manual labor could hamper the growth of
the market.
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India
personal protection equipment market can be segmented based on type, industry, and
region. Among type, hand & arm protection dominated the market in 2019 and
the trend is anticipated to continue over the coming years as well. Wide
applications across industries coupled with low equipment cost are the key
reasons boosting the demand for hand & arm protection equipment in the
country.
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3M India Ltd., Draeger
Safety (India) Pvt. Ltd., E.I.DuPont India Private Limited., Honeywell
International India Pvt Ltd., Joseph Leslie & Co. LLP, Karam Industries, MSA
(India) Limited, Mallcom (India) Ltd., Rahman Industries Limited, Tyco
International plc, among others are the leading players operating in the India personal
protection equipment market. The companies operating in the market are using growth
strategies such as product launches and investing in research & development
to increase their share in the market. For instance, nowadays, companies are
investing in protective equipment which combines aesthetics and safety while
maintaining the price performance ratio of the product.
“Government authorities are increasingly
concerned for the safety & health of workers and therefore, have
implemented and drafted new regulations for the same. These set of rules &
regulations mandate use of personal protection equipment in industries such as manufacturing,
oil & gas, construction, among others, which is anticipated to drive the
growth of India personal protection equipment market until 2025.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“India Personal Protection Equipment Market By
Type, By Industry, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India personal
protection equipment market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in the India personal
protection equipment market.
Contact
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