Press release
Body Protection Equipment Market by Product, Application & Forecast to 2022
Global Body Protection Equipment Market: SnapshotBody protection equipment includes different types of protective clothing, helmets, goggles, etc., in order to provide protection against various injuries, accidents, and infections to the workers. Various safety rules and regulations in different industries are expected to drive the demand for body protection equipment. Regulatory bodies such as OSHA, NFPA, and NIOSH have also made it mandatory to focus on safety and security of workers. Hence, increasing number of sectors such as manufacturing, oil & gas, pharmaceuticals, transportation, etc., are providing various protective equipment to workers. Companies are also demanding high-quality protective equipment that can last for a long time even after multiple uses. Protective wear for protection against radiation is also gaining popularity.
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Moreover, with the technological advancements, the process of development and material used in developing protective equipment has also changed. Manufacturers are using new and lightweight materials, and integration of sensors is also gaining momentum to offer high-level of safety and protection. The need for protective equipment to provide protection against flash fire at the workplace has also increased for both electric and gas operations.
As per the latest report by Transparency Market Research (TMR), the global market for body protection equipment is likely to witness strong growth, registering 6.6% CAGR during 2017-2022. The market is also estimated to bring in US$ 2,901.4 million revenue by 2022 end.
body protection equipment market
Laboratory Coats to Emerge as the Top-Selling Product
Compared to the various products in the body protection equipment, laboratory coats are likely to be one of the top-selling products. By 2022 end, laboratory coats are projected to surpass US$ 900 million revenue. Meanwhile, coveralls are also anticipated to witness healthy growth during 2017-2022. Increasing risk of working with hazardous chemicals is driving the demand for laboratory coats.
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Manufacturing Sector to Witness Strong Growth in the Global Market for Body Protection Equipment
The manufacturing sector is likely to witness impressive growth in the global market for body protection equipment during 2017-2022. Towards the end of 2022, the manufacturing sector is projected to reach nearly US$ 700 million revenue. Meanwhile, the construction sector is also likely to witness significant growth in the global market for body protection equipment market.
North America to Dominate the Global Market for Body Protection Equipment between 2017 and 2022
Region-wise, North America is likely to emerge as the largest region in the global market for body protection equipment. Rising concern towards workplace fatalities and associated risks are driving the market growth in the region. Moreover, the presence of tech companies is leading towards innovation in body protection equipment. Competitive pricing and product differentiation are also the factors driving body protection equipment market in North America. Increasing prevalence of various diseases is also leading to the research on developing new body protection equipment for medical personnel in North America. Europe and Asia Pacific Excluding Japan (APEJ) are also likely to have a significant growth due to rapid industrialization, growing number of new projects in oil and gas and construction sectors.
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Competition Tracking
The report offers a detailed profile on various major market players in the global market for body protection equipment. These players are 3M Company, Honeywell International Inc., E. I. du Pont de Nemours and Co, Cooper Tire & Rubber Co., Kimberly-Clark Corporation, Cintas Corporation, Ansell Limited, Lakeland Industries, Inc., Radians, Inc., and Alpha Pro Tech, Ltd. These players are focusing on entering into a partnership and mergers and acquisitions to develop advanced protective equipment and to expand geographically.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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