Industry
Overview
Global Personal Protective Equipment (PPE) Market
size is predicted to touch $67.66 billion by end of 2023 and register a CAGR of
7.3% during forecast timeframe. Growing consciousness about employee safety
& health along with high accident rate owing to unavailability of
protective gear is predicted to promote personal protective equipment (PPE)
industry growth during forecast timeframe.
OSHA (Occupational
Safety and Health Administration) security guidelines across U.S. and Europe
will fuel the industry growth. Technological breakthroughs, highlighted on low
priced and durable materials, is predicted to play a vital role to assure a
stable personal protective equipment(PPE) market price trend and continue
industry penetration.
India Personal Protective Equipment (PPE) market size, by product, 2015
Healthy economic
and infrastructure indicators in countries like India and China are predicted to
drive the industry growth in future. Government investments in infrastructure
projects in India amounted to $155 billion for 2014 and this gives an
implication about the kind of business opportunities existing in these regions
for PPE suppliers & distributors.
Industrial
production in China expanded by 7.7% in 2014 with more growth recorded in
automotive sector, mining industry, chemical fibre industry, industrial
machinery segment, gas distribution sector, metal fabrication industry and
electrical equipment segment.
Read full market research report “Personal
Protective Equipment (PPE) Market Size By Product (Head, Hearing Protection,
Hand Protection, Protective Clothing, Eye & Face Protection, Protective
Footwear, Respiratory Protection, Fall Protection), By Application
(Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceuticals, Food,
Transportation), Industry Analysis Report, Regional Outlook (U.S., Germany, UK,
France, Russia, China, India, Japan, Brazil), Application Potential, Price
Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click
on the link below:
Product
Overview
Industry is
segmented into various kinds of products like hand protection, fall protection,
industrial protective clothing, protective footwear and others.
Hand protection
segment size was valued at $8.7 billion for 2015 and predicted to record more
than $14.9 billion of revenue by end of forecast timeframe. Chemical industry,
food industry, production sector, pharmaceutical sector and construction sector
are key industries contributing major share in demand & growth of this
segment.
Fall protection segment
is predicted to register CAGR of 7.9% by 2023. Oil & gas industry, power
& energy sector and defence sector are the key applications of this
segment.
Industrial
protective clothing segment size is predicted to surpass $15 billion by end of
forecast period. Strong regulations towards reducing injury & fatality from
fire, nuclear or chemical risks are predicted to play a significant part in
segment growth. It is projected to register more than 18% revenue by end of
forecast timeframe.
Other products
include hearing, head, respiratory protection and face.
Application
Overview
Manufacturing
applications contributed to about more than 20% of industry revenue for 2015
and is predicted to contribute substantial portion to personal protective
equipment market share.
Transportation
applications are predicted to offer significant industry growth avenues and
contributed about $5 billion revenue for 2015. Construction application is yet another
highly expanding application segment with CAGR prediction of about 7.5% by end
of 2023. Overhead expenses related to workplace casualties are predicted to
enhance the product penetration in the segment in coming years.
Oil & gas
application was evaluated at more than $6 million for 2015 in terms of size and
is predicted to surpass revenue of $11 billion by end of 2023.
Pharmaceuticals,
chemical processing and food technology are few of the other key areas of
applications.
Regional
Overview
U.S. personal
protective equipment (PPE) market size was projected to be more than $ 12
billion for 2015 and is predicted to expand strongly during forecast period. Growing
occupational fatality rate along with increasing requirement for highly robust
involuntary wear resistant & utility protective gears across main
industries are predicted to drive the industry growth in the region.
Europe is
predicted to witness sluggish industry growth in future due to weak economic
drivers and slow production index across European Union.
APAC personal
protective equipment (PPE) market is predicted to surpass revenue of $13
billion by end of forecast period. Countries like China and India are predicted
to contribute to the industry growth of the region.
MEA and Latin
America personal
protective equipment industry size is predicted to expand more than 7% during
the forecast timeframe.
Competitive
Trend
Key industry
players profiled in the report include MSA Company, 3M Company, Cigweld, Radians, Uvex Safety Group, JAL Group Italia Srl, DuPont,
Honeywell, Ansell Limited, Oftenrich Holdings Company Limited, Alpha Pro Tech
Limited, Avon Rubber p.l.c, COFRA Srl, Rock Fall Limited, BartelsRiegerAtemschutztechnik
GmbH & Co. KG, Mallcom, Polison and Gateway Safety Incorporation.
Honeywell was the
global industry leader for 2015 contributing about more than 27% of the
industry share.
Information Source: Global Market Insights, Inc
Thanks for sharing this detailed research with us. This research will come handy to PPE suppliers.
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