Worldwide Personal protective equipment (PPE) market was estimated at 33 billion in 2013. Strict occupational health& safety regulations are anticipated to boost worldwide market over the forecast period. Agencies like NIOSH, NFPA and OSHA are compelling employees to maintain worker safety in industry. Proper maintenance and storage of the product coupled with regulations needed for PPE to be assessed appropriately to make it fit for use will drive the market.
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Increasing awareness regarding safety and security at workplaces is estimated to boost personal protective equipment market growth. Also, high costs linked with non compliance of health& safety procedures will drive the overall PPE growth over the coming years. Rising construction and manufacturing industry in Middle East and Asia Pacific is projected to boost the overall PPE market growth further. This is mainly on account of boosting PPE demand from end-use industries.
Based on product, hand protection was the largest segment and contributed over 22% in 2014 of the overall personal protective equipment industry demand. High demand from end-use industries like manufacturing, food, pharmaceuticals and chemicals will assist hand protection segment to experience high demand. In terms of demand, fall protection is estimated to go through fast growth owing to expansion in construction industry in Middle East and Asia Pacific. Furthermore, respiratory protection segment will endure significant growth over the coming years. Rising prevalence of communicable disease such as bird flu & H1N1 and respiratory diseases will further augment the market growth.
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In 2014, manufacturing was the largest end – use segment and is further expected to dominate over the forecast period. Augmenting manufacturing industry in regions like China and India will fuel the manufacturing segment demand over the coming years. Furthermore, construction will go through considerable growth owing to rising infrastructure spending in emerging economies such China and India.
Based on geography, North America is likely to dominate the PPE market and is estimated to be the largest regional market over the coming years. Furthermore, Asia Pacific is projected to undergo maximum growth over the forecast period. This is mainly due to rising PPE demand in manufacturing and construction industries primarily in developing economies such as India, China, Vietnam and Indonesia. Also, Europe is likely to experience moderate growth over the forecast period owing to augmenting automated manufacturing market in the region.
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