Saudi Arabia Personal Protective Equipment Market to Touch US$444.2 mn in Revenue by 2021

According to a new market report published by Transparency Market Research “Personal Protective Equipment Market - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” The personal protective equipment market, in terms of revenue was valued at USD 275.1 million in 2014, which is expected to reach USD 444.2 million by 2021, growing at a CAGR of 7.0% from 2015 to 2021.

The increasing incidences of accidents taking place in workplaces is the major factor fuelling the demand for the personal protective equipment market in Saudi Arabia. This factor has led to the increasing awareness regarding safety among the workers in the end use industries such as oil and gas, construction, manufacturing, chemicals, food transportation and others. Additionally, the regulations set by the Occupational Safety and Health Administration (OSHA) regarding the usage of personal protective equipment products have a positive impact on the personal protective equipment market in Saudi Arabia.

However, owing to the automation of the production process, where the end use industries such as oil and gas, construction, manufacturing, construction and several others are focusing on the usage of advanced technologies that will guarantee precision and efficiency, which will in turn reduce the need of human involvement for hazardous tasks. This factor is greatly inhibiting the personal protective equipments market in Saudi Arabia.

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Professional footwear dominated the personal protective equipments market in terms of product types accounting for more than a quarter of the total personal protective equipment market in Saudi Arabia. On the basis of application, oil and gas sector held the largest market share compared to the other end use industries that require the usage of personal protective equipment products.

The personal protective equipment market in Saudi Arabia is marked by some intense competition from the major players such as 3M Corporation, Honeywell Safety, Ansell Ltd, Avon Rubber plc, MSA Safety and several others. Frequent product innovations through extensive research and development, mergers and acquisitions, joint ventures and partnerships are some of the major strategies adopted by these players to retain their stronghold in the personal protective equipments market.

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