"Personal protective equipment market expected to grow at CAGR of 6.5% during forecast period"
LONDON, July 13, 2017 /PRNewswire/ -- The personal protective equipment market is expected to reach USD 58.34 billion by 2022, at a CAGR of 6.5% from 2017 to 2022. The growth is primarily due to the stringent government regulations regarding the use of personal protective equipment, coupled with the increasing awareness about the importance of work safety. However, increased automation in end-use industries and high price of specialized protective clothing are restraining the growth of the market.
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"Hands & arm protection segment expected to be the largest type segment of the personal protective equipment market"
Based on type, the hands & arm protection segment is expected to be the largest type segment of the global personal protective equipment market during 2017 to 2022. Hands & arm protection equipment are the most widely used personal protective equipment due to their widespread applications. Moreover, the rising demand from the construction and manufacturing industries is also fueling the growth of this segment.
"Manufacturing anticipated to be the largest end-use industry segment of the personal protective equipment market during the forecast period"
Manufacturing is expected to be the largest end-use industry segment of the personal protective equipment market during 2017 to 2022. The rising demand for personal protective equipment in production of chemicals, electronics, pulp & paper, metal fabrication, steel, wood, and glass is driving this segment. Moreover, developing countries such as India and China are witnessing rapid infrastructure growth. This increases employment in the manufacturing sector, and, in turn, triggers the demand for personal protective equipment in the manufacturing industry.
"Asia Pacific projected to be the fastest-growing personal protective equipment market during the forecast period"
The Asia Pacific region is the fastest-growing personal protective equipment market. Economic development and substantial investments in industries such as manufacturing, transportation, and construction are fueling the growth of the personal protective equipment market. With economic contraction and saturation in the European and North American markets, the demand is shifting to the Asia-Pacific region.
Breakdown of profiles of primary interviews for the report
- By Company Type: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
- By Designation: C Level – 21%, Director Level – 23%, and Others – 56%
- By Region: North America – 37%, Europe – 23%, Asia-Pacific – 26%, and RoW – 14%
Some of the key companies profiled in this report are 3M Co. (US), MSA Safety Inc. (US), Ansell Limited (US), Honeywell International Inc. (US), E I DuPont de Nemours and Co. (US), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), and Radians, Inc. (US), among others.
Study Coverage
The report is segmented based on type, end-use industry, and region. The major type covered in this report are hands & arm protection, protective clothing, foot & leg protection, respiratory protection, eye & face protection, head protection, and others. The end-use industry includes manufacturing, oil & gas, transportation, construction, healthcare, food, firefighting, and others. The market is also segmented based on regions including Asia Pacific, Europe, North America, South America, and Middle East & Africa.
Key Benefits
This report covers the following studies which will benefit the client:
- Market segmentation based on type, end-use industry, and region
- Market dynamics including drivers, restraints, opportunities, and challenges
- Porter's Five Forces Analysis with respect to the global personal protective equipment market
- Profile of the key players in the global personal protective equipment market
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