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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.
Renewed focus on health and safety has led to an increase in the personal protective equipment industry. Market Research Future which focuses on market reports connected to the semiconductors & electronics sector amongst others lately published a report on this industry.
Increased level of construction activities have heightened the level of requirement in the personal protective equipment market. Construction and laboratory setups are one of the most frequent user in terms of the industry end users. Smart wearable protective equipments have increased the potential of growth of the industry. Rise in the levels of personnel involved in manual operations have intensified the growth of the 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.
Alpha Pro Tech, Ltd. (Canada),
Sioen Industries NV (Belgium),
MSA Safety Inc. (U.S.),
Radians, Inc. (U.S.),
3M Company (U.S.),
Ansell Limited (U.S.),
Kimberly-Clark Corporation (US),
Honeywell International Inc. (U.S.),
Lakeland Industries, Inc. (U.S.), E I DuPont de Nemours and Co. (U.S.), Carl Zeiss AG. (Germany), and others.
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.
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 region wise analysis of Personal Protective Equipment industry includes regions such as Europe, North America, Asia pacific and Rest of the World. The North American is one of the foremost region in the global market and has taken over 38% of the market share and has a major market portion in the market for Personal Protective Equipment. In the North American region, the construction uses generate high revenue growth levels to the companies as the workers use smart glasses extensively while also widely using virtual arms in construction sector. The growing focus of governments in terms of rules and regulations for workers safety is motivating regional growth in the European region and is anticipated to observe speedy growth in the forecast period. The countries in the Asia-Pacific regions like Japan, China and South Korea are a developing market for this industry. This sector also has a great degree of potential for unparalleled growth in the forecast period.
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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Website: https://www.marketresearchfuture.com/reports/personal-protective-equipment-market-3826
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