Industrial Personal Protective Equipment Market Size Worth US$ 108,959.51 million by 2030 | Latest Research Report

The scope of our recent study titled "Industrial Personal Protective Equipment Market Forecast to 2030 - COVID-19 Impact and Global Analysis - by Type, Material, End-Use Industry, and Distribution Channel," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of major market players and their key developments. The report also provides a market share analysis.

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The industrial personal protective equipment market size is projected to grow from US$ 66,265.71 million in 2022 to US$ 108,959.51 million by 2030; the market is expected to grow at a CAGR of 6.4% from 2022 to 2030.

Based on end-use industry, the industrial personal protective equipment market is segmented into manufacturing, construction, oil and gas, pharmaceuticals, and others. The manufacturing segment held the largest share in the industrial personal protective equipment market in 2022. In the manufacturing sector, companies are engaged in the production of consumer goods, electrical appliances, machinery and tools, pulp and paper, polymers and plastic products, rubber and wood products, and furniture. Workers in the manufacturing industry are constantly exposed to hazardous situations, which can sometimes cause irreparable damage. Therefore, in the manufacturing sector, protective gears, such as gloves, coveralls, hard hats, bump caps, protective boots, safety jackets, face masks, and shields, are used to safeguard workers from hazards associated with heavy machinery and equipment. Moreover, the increasing number of injuries and hazards at workplaces is driving the demand for PPE in the manufacturing industry.

The industrial personal protective equipment market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America held the largest share of the market in 2022 followed by Asia Pacific and Europe. The market in Asia Pacific is a prominent market due to rising occupational accidents, poor infrastructure, and initiatives to reduce workplace fatality rates. According to the International Labour Organization (ILO) estimates for 2023, in Asia Pacific, ~1.2 million deaths and the loss of 55 million healthy years occur due to occupational diseases and injuries yearly. The governments, workers, and employers in the region have renewed their commitment and have taken initiatives to ensure and promote safety for all workers in all workplaces in the framework of International Labour Organization.

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Countries such as India have a poorly protected and least trained workforce. Women, children, disabled workers, migrant workers, and ethnic minorities are among the most affected population and are often involved in occupational accidents. Hence, to reduce such occupational accidents and injury cases, industries such as construction, manufacturing, and oil & gas are extensively investing in the work safety of their employees. Thus, the increasing awareness of worker safety and stringent workplace safety regulations drive the industrial personal protective equipment market in Asia Pacific.

Industry 4.0 have transformed the supply chain across various industrial sectors, surging the demand for industrial automation. Industrial automation provides automatic control to large-scale processes and systems. It creates and applies machine parts and processes for input (sensors), output (robotics), infrastructure, supervisory and control systems, computer architecture, and artificial intelligence (AI). Industrial automation helps improve productivity; enhance communication, equipment supervision, and traceability to industries; and increase labor efficiency. Therefore, various industrial sectors across the world are opting for automation. The constant technological advancements prompt various key players in end-use industries to partner with tech-savvy companies to develop new solutions. In February 2020, Honeywell International Inc. and Tech Mahindra Limited announced a partnership to develop and build "Factories of the Future," leveraging industry-leading digital technologies. This partnership focuses on digital transformation and enables customers in the manufacturing industry to scale up faster. Thus, rising adoption of automation in industrialization restrains the growth of the industrial personal protective equipment (PPE) market.

Impact of COVID-19 Pandemic on Industrial Personal Protective Equipment Market

The COVID-19 pandemic negatively impacted various industries globally, including the chemicals & materials and consumer goods industries. Before the onset of the COVID-19 pandemic, the demand for industrial PPE was high in various industrial sectors in the region. However, industries faced unprecedented challenges during the pandemic in 2020. Moreover, manufacturers faced significant challenges in producing and distributing industrial PPE due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions, eventually leading to price hikes. These factors showed a negative impact on global industrial personal protective equipment market growth during the COVID-19 pandemic. Also, temporary halts in operations or operations with a limited workforce in most industries hampered the demand for industrial PPE. However, during the COVID-19 pandemic, the demand for industrial PPE from a few industries-including the healthcare industry and frontline personnel-increased. Items such as N95 respirators, face shields, and medical gloves saw a substantial increase in demand, creating a favorable impact on the industrial personal protective equipment market to a certain extent.

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The report segments the industrial personal protective equipment market as follows:

Based on type industrial personal protective equipment market is segmented into hand and arm protection, body protection, respiratory protection, head and face protection, and others. Based on material, the industrial personal protective equipment market is segmented into natural rubber, vinyl, polyethylene, nitrile, and others. Based on End-Use Industry, the market is divided into manufacturing, construction, oil and gas, pharmaceuticals, and others. Based on distribution channel, the industrial personal protective equipment market is segmented into wholesalers, national retailers, regional retailers, and online platforms. The industrial personal protective equipment market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

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This release was published on openPR.