Personal Protective Market to Surpass $ 93 Billion by 2025
Rising awareness about
workplace safety, technological advancements, Increasing focus on product
innovation and aesthetics, rapid industrialization and increasing government
regulations to global personal protective equipment market
According
to TechSci Research report, “Global
Personal
Protective Equipment Market By Product, By Application Industry, By
Distribution Channel, By Region, Competition, Forecast & Opportunities,
2025”, the global personal
protective equipment market is forecast to surpass $ 93 billion by 2025 on
account of increasing focus on minimizing the risk
of workers in the construction & manufacturing, oil & gas and other
various industries across the globe. Increasing number of awareness programs
and government regulations on workplace safety are key trending factors
influencing industry growth. The global
personal protection equipment market is segmented based on the product type, application
industry, distribution channel, and region. Based on the distribution channel,
the market is bifurcated into Direct/Institutional Sales segment and Retail
Sales segment, with the former segment dominating the market in 2019. Oil &
Gas and Construction & Manufacturing companies are main buyers of personal
protection equipment due to growing awareness and guidelines/mandates regarding
the importance of personal protection equipment
for workplace safety in these sectors.
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Based on the product type, the
market can be segmented into Eye & Face Protection,
Head Protection, Hearing Protection, Protective Clothing, Respiratory
Protection, Professional Footwear, Hand & Arm Protection, and Fall
Protection segments. Among these segments, Hand & Arm Protection type segment
dominated the market in 2019 and the segment is expected to maintain its dominance
in the coming years as well. Spread of COVID-19 pandemic is also boosting
the use of personal protective equipment across the globe. Occupational safety
regulations will continue to play a major role in driving the market for
personal protective equipment in the coming years.
Leading companies operating in the global personal protective
equipment market include Ansell Limited,
3M Co, Honeywell International Inc., MSA Safety Inc, EI du Pont de Nemours
& Co, Kimberly-Clark Corp, Lakeland Industries Inc, Alpha Pro Tech Ltd,
Sioen Industries NV, Radians Inc. among
others. Major players operating in the market are using various strategies such
as product launches, mergers and collaborations to boost their market share and
to increase their customer reach.
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“North America holds the largest share in the global personal
protective equipment market, followed by the Europe. Further, Asia-Pacific region
is projected to register significant gains over the coming years. Rising
infrastructure spending supported by rapid industrialization, especially in
India, Vietnam and China, is leading to increase in the manufacturing,
construction, oil & gas, and healthcare sectors, which is boosting demand
for personal protective equipment in the region.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Global Personal Protective Equipment Market By
Product, By Application Industry, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global personal
protective 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 to take sound
investment decisions. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities in the
global personal protective equipment market.
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