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The Personal Protective Equipment Market is anticipated to reach around US$ 59.7 Bn by 2026, growing at a CAGR of 5.8% during the forecast period 2019 to 2026.
Personal protective equipment are used to protect the individual body objects such as hands, arms, foot and leg, head , and other necessary objects of the body. The personal protective equipment ensures there will be no injury to the body parts and individual can safely carry the work without hesitation. The standards are used to design and manufacture the personal protective equipment are depending upon the regional specific and there are various organizations and government safety organizations which set standards and regulations to designs and working on manufacturing plants to standardize the safety in manufacturing plants. There are various personal protective equipments which include goggles, helmet, protective clothing, air pods, and other necessary equipments.
Market Dynamics
The growth of the personal protective equipment market is primarily driven by the stringent government regulations regarding worker safety, growing demand for personal protective equipments in various end user industries, growing importance of workplace safety, and increase in number of manufacturing plants and production activities. Furthermore, growing investment by developing counties in construction and manufacturing industries, rising demand for oil and gas across the globe, and increase in demand from application sectors which includes oil & gas, marine, and renewable energy, is estimated to boost the market growth. Moreover, rapid urbanization in developing countries, growing infrastructure development, government investment for safety programs and events for workplace safety and rapid industrialization, increase in demand from developing countries, and increase in innovation and development in personal protective equipment, growing demand for multipurpose equipment are expected to create opportunities for the manufacturers in the global market over the forecast period. However, high costs of specialized equipment, increase in automation and robotics in manufacturing industries, are expected to hamper the growth of the global personal protective equipment market in the coming years.
By type, hands & arm protection segment dominated the personal protective equipment market
Based on type, the market has been segmented into hands & arm protection, protective clothing, foot & leg protection, respiratory protection, and head protection. The hands & arm protection segment accounts of the largest share in the market and are expected to grow at a CAGR of around 6.8% during the forecast period. Growing demand for hand & arm protection equipment in construction, manufacturing, and healthcare industries further expected to drive the hands & arm protection.The manufacturers Honeywell International Inc., 3M, MSA Safety Inc., and Kimberly-Clark Corporation are the mainly investing in the development of hands & arm protection for the various applications in manufacturing sector, which expected the lead the market in the coming years.
Based on end-use industry, the manufacturing segment is expected to dominate during the forecast period
Based on end-use industry, the market has been segmented into manufacturing, construction, oil & gas, healthcare, and others. The manufacturing segment accounts of the largest share in the market and held for more than 35% of the total market in 2018. The major factors that are driving the growth of this segment are increase in number of manufacturing plants and stringent government regulations towards workplace safety and increase in awareness about worker safety. This expected to enhance the dominance of the manufacturing segment in the global market over the forecast period.
The market research study on “Personal Protective equipment market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global personal protective equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global personal protective equipment market, its type, end-use industry and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global personal protective equipment market size and volume, and segment markets by type, end-use industry, and geography along with the information on companies operating in the market. The personal protective equipment market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Asia-Pacific dominated the regional market with a maximum market share
Asia-Pacific accounted for the high market share of the personal protective equipment market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of personal protective equipment in various end user industries, growing foreign direct investment, and rapid industrialization are the major driving factor for the region in the global market. Moreover, government subsidies for manufacturing plants and diversification in the region’s manufacturing sector are expected to enhance the market growth in the global personal protective equipment market in future.Moreover, strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global personal protective equipment market during the forecast. North America is expected to hold the second largest in the global market during the forecast period. Presence of major key players, development of personal protective equipment for manufacturing and construction sector, stringent government regulations towards workplace safety, and increase in production and consumption of personal protective equipment, increase in awareness of safety in manufacturing plants are expected to enhance the market growth in the global personal protective equipment market during the forecast.
Europe is expected to hold the highest CAGR in the global market during the forecast period. Government standards for manufacturing plants, increase in innovation and development in personal protective equipment, increase in awareness about workplace safety, and established research and development institutes are expected to enhance the market growth in the global personal protective equipment market during the forecast.
The players profiled in the report include Radians, Inc., Honeywell International Inc., E I Dupont De Nemours and Co., 3M, and Kimberly-Clark Corporation, Ansell Limited, MSA Safety Inc., Lakeland Industries, Inc., Alpha Pro Tech, Ltd., Sioen Industries NV, National Safety Apparel, and Protective Industrial Products, Inc. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Type
Market By End-Use Industry
Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Personal protective equipment is used to protect the individual body objects such as hands, arms, foot and leg, head , and other necessary objects of the body.
There are various personal protective equipments which include goggles, helmet, protective clothing, air pods, and other necessary equipments.
The personal protective equipment market growth is driven by the stringent government regulations regarding worker safety, growing importance of workplace safety, and increase in number of manufacturing plants and production activities.
According to Acumen Research and Consulting, the personal protective equipment market size is expected to reach around US$ 59.7 Bn by 2026.
The global personal protective equipment market is expected to grow at a CAGR of around 5.8% from 2019 to 2026
Asia-Pacific held maximum share in 2018 for personal protective equipment market.
Europe is projected to grow at a fast pace during forecast period in the personal protective equipment market.
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