Press release
Personal Protective Equipment Market Growth Trends, and Competitive Analysis 2017-2022 | Major Key Players are 3M Co, MSA Safety, National Safety Apparel, Uvex Safety Group, Kimberly-Clark Corp, COFRA Holding AG, Honeywell Safety Products, and Rock Fall L
Personal protective equipment is used as a precaution to protect against the risk of serious injury to the body. It can be physical, chemical, electrical, radiological, mechanical or others in the workplace. Personal protective equipment and general safety equipment includes gloves, footwear, safety glasses, earplugs, sleeves, vests, full suits, helmets, respirators and coveralls.
Global Personal Protective Equipment Market Size:
The Global Personal Protective Equipment Market will grow from USD 45.1 billion in 2017 to around USD 62.0 billion by 2022 with a compound annual growth rate (CAGR) of 6.5% for the period of 2017-2022.
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Drivers and Restraints:
Increasingly stringent health and safety regulations, and mandatory policies implemented by security agencies such as OSHA, NIOSH and NFPA will boost the personal protective equipment market in the coming years. These agencies have also played a key role in monitoring employers for the implementation of worker safety policies in various industries, which has stimulated the market for personal protective equipment and general safety. Increasing consumer awareness of the safety of people and the substantial increase in the manufacturing and transport sectors also significantly boost the market. On the other hand, surge in prices could hinder market growth soon. However, the increasing implementation of strict rules and regulations on workplace safety by various government authorities are anticipated to support the market in the coming years. In addition, growing disposable incomes, per capita incomes and rising safety concerns of employees in private and public organizations are estimated to propel the market.
Geographic Segmentation:
Based on geography, Global Personal Protective Equipment Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. North America became the largest regional market for personal protective equipment in 2016 and accounted for 38% share. According to the research study, the market for personal protective equipment in North America should stay ahead for years to come. Europe region is estimated to grow with decent CAGR in forecasted years. In addition Asia Pacific region is predicted to witness significant growth in coming years.
Key Players in Global Personal Protective Equipment Market:
Major players actively participating in the Global Personal Protective Equipment Market include 3M Co., Avon Rubber, Ansell Ltd., MSA SAFETY, National Safety Apparel, Uvex Safety Group, Kimberly-Clark Corp., COFRA Holding AG, Honeywell Safety Products, and Rock Fall Ltd.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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