BURNABY, Canada, May 7, 2015 /PRNewswire/ --
Personal protection equipment market in India to witness robust growth on account of increasing awareness about workforce health and safety
According to recently published TechSci Research report "India Personal Protection Equipment Market Forecast & Opportunities, 2020", the personal protection equipment (PPE) market in India is forecast to grow at a CAGR of over 14% during 2015-20. The market for personal protection equipment in the country is currently in its nascent stage due to lack of awareness about workforce health & safety. Personal protection equipment find applications in industries such as construction, automotive, chemical, medical, pharmaceutical, oil & gas, steel & fabrication, etc. Construction and automotive sectors are anticipated to continue their dominance in India's personal protection equipment market over the next five years. The high cost associated with workplace hazards, coupled with the launch of industry specific personal protection equipment by the companies are contributing towards boosting PPE adoption in India. Healthcare sector is also a booming market for personal protection equipment, owing to continuously increasing communicable diseases such as H1N1, Ebola, etc.
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Hand protection equipment accounts for majority of the revenue share in the country's personal protection equipment market. Wide applications across industries coupled with low equipment cost are the key reasons boosting demand for hand protection equipment. The emerging trends responsible for anticipated double digit growth of personal protection equipment market in India include growing e-commerce, healthcare, launch of industry specific personal protection equipment and an increasing number of international companies foraying into India.
"Healthcare and fabrication industries are witnessing increasing market adoption for personal protection equipment. In addition, the launch of industry specific protection equipment by leading companies such as 3M India, Honeywell, etc., is expected to significantly propel the demand for protection equipment in India over the next five years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Personal Protection Equipment Market Forecast & Opportunities, 2020" has evaluated the future growth potential of personal protection equipment market in India and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in the personal protection equipment market in India.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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