Market Highlights:
Personal protective equipment (PPE) provide protection to the wearer’s body against injuries and infections. The PPE include protective helmets, goggles, earplugs, clothing and other wearable designed for protection in dangerous environments. As per the report that has been published by Market Research Future (MRFR), the global personal protective equipment market is anticipated to expand steadily at a CAGR of 6.2% during the forecast period (2017-2023) and is estimated to reach USD 53.14 Bn by the end of 2023.
Increasing industrialization is inducing high demand for human workforce to carry out vital functions in unfriendly environment. High safety precautions are being taken to avoid accidents, injuries and infections at workplaces. The increasing demand for personal protective equipment in various industrial sectors to ensure the safety of workers is driving the global personal protective equipment market towards expansion.
The severity of risk factors causing occupational skin diseases and respiratory diseases in healthcare, mining and other sectors that demand to work in challenging environments is generating demand for personal protective equipment in the global market. Increasing prevalence of noise-induced hearing loss due to industrial noise is propelling the demand for personal protective equipment leading to the growth of the global personal protective equipment market. The widespread application of personal protective equipment in multiple industry verticals is acting as one of the major drivers fueling the expansion of the global personal protective equipment market.
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Major Key Players
The players in the global personal protective equipment market are focusing on expanding their businesses by increasing research and development expenditure for introduction of innovative product in the global market. The strategic mergers and acquisitions are strengthening the competition among the players in the global personal protective equipment market.
In July 2018, Mansfield Fire Department was awarded a grant of $15,000 from the Ohio Bureau of Workers’ Compensation in order to purchase personal protective equipment.
The prominent players in the global personal protective equipment market are Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), MSA Safety Inc. ( the U.S.), Radians, Inc. (the U.S.), 3M Company ( the U.S.), Ansell Limited ( the U.S.), Kimberly-Clark Corporation ( the US), Honeywell International Inc. ( the U.S.), Lakeland Industries, Inc. ( the U.S.), E I DuPont de Nemours and Co. ( the U.S.), Carl Zeiss AG. (Germany), and others.
According to MRFR, The Personal Protective Equipment Market is growing rapidly over 6.2% of CAGR and is expected to reach at USD $~ 53.14 Billion by the end of forecast period.
Competitive Analysis
Diverse products are bound to increase the demand levels of the industry which will lead to speedy growth in the market. The industry is upholding the growth potential of the market through constant ongoing course advances and supporting financial flexibility to spend in the finest strategies when they arise. Due to the lucrative potential of this market, the contenders in the industry are aiming to grow their market portion to a by the usage of major assets to allow growth transformations which will be good for the long run transformation of the sector. This outlook is favorable for the volume driven growth of the sector.
Regional Analysis:
The regional analysis of Personal Protective Equipment market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world and it is capturing the market over 38% and has largest market share in Personal Protective Equipment market. In North America, the construction applications generate high revenue growth to the companies as the workers are wearing smart glasses and using virtual arms in construction industry. The increasing government rules and regulations for the workers safety is driving regional growth in Europe region and is expected to witness rapid growth in the forthcoming days. While, in Asia-Pacific countries like China, Japan and South Korea is an emerging market for Personal Protective Equipment market. This market has a huge potential for growth of Personal Protective Equipment.
Segmentation:
The personal protective equipment industry has been divided for the purposes of the report into the basis of safety products, type and end – users.
By Safety Products: Eye Protection, Safety Helmets, Oxygen Mask, Gloves, Safety Footwear, High-Visibility Clothing and Others
By Type: Respiratory Protection, Protective Eyewear, Protective Communications, Protective Clothing, Eye & Face Protection, Foot & Leg Protection, Head Protection, Hands & Arm Protections, Fall Management Equipment and Others.
By End-User: Manufacturing, Food and beverages Aeronautics and Aerospace, Construction, Chemical & Synthetics, Oil & Gas, Firefighting, Healthcare, Machinery & Electronics, Transportation and others
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Intended Audience
- Raw material providers
- Investment Banks
- Government Bodies
- Control panels manufacturers
- Assembly, testing, and packaging vendors
- Solution providers
- Personal Protective Equipment Manufacturers
- Personal Protective Equipment Suppliers
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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