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Industrial Protective Clothing Market Trends, Top Companies, Share, Growth And Forecast 2033
Industrial Protective Clothing Market Trends
According to The Business Research Company's, The industrial protective clothing market size has grown strongly in recent years. It will grow from $20.81 billion in 2023 to $22.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to regulatory compliance, rise in industrialization, growing awareness, increased incidence of accidents, stricter enforcement.
The industrial protective clothing market size is expected to see strong growth in the next few years. It will grow to $31.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing focus on sustainability, pandemic preparedness, increased investment in r&d, stringent occupational health and safety standards, emerging markets and industries. Major trends in the forecast period include rising demand for specialized protective clothing, advancements in material technology, stringent regulatory standards, growing adoption of sustainable materials, integration of smart technologies, customization and personalization.
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Market Drivers and Trends:
Increase in workplace injuries around the globe are expected to propel the growth of the industrial protective clothing market going forward. Workplace injuries are illnesses or injuries that occur in a working period. The dangerous working environment is the main cause of workplace injuries. Industrial protective clothing protects employees from accidents and injuries and avoids deadly physical injuries, fractures, or amputations. For instance, in July 2022, according to the National Institute for Occupational Safety and Health (NIOSH), a US-based federal organization, there were 1,176,340 nonfatal work injuries that occurred through slips, trips, and falls during work in 2020. Further, in the same year, 1,196,140 accidents involving objects and machinery resulted in serious injuries, and approximately 1,038 American workers (22% of all fatalities) were killed in work-related car accidents. Therefore, the increasing workplace injuries across the globe are driving the industrial protective clothing market.
Product innovations have emerged as the key trend gaining popularity in the industrial protective clothing market. Major companies operating in the industrial protective clothing market are developing product innovations to strengthen their position in the market. For instance, in October 2022, UniFirst Corporation, a US-based workwear and textile service company, launched an innovative workwear collection called Spotlite MV. The Spotlite MV visibility workwear collection for men and women offers a wide range of sizes, colors, and designs for slacks, shorts, shirts, polo shirts, vests, and jackets. This collection's distinguishing features include items such as unique segmented reflective silver striping that improves visibility in low light and lightweight, breathable fabric with moisture-wicking technology used for unrivaled comfort and mobility in a contemporary design with a distinct color-block pattern.
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Major Key Players of the Market:
W. L. Gore & Associates Inc.; Honeywell International Inc.; Lakeland Industries Inc.; PBI Performance Products Inc.; Kimberly-Clark Corporation; Bennett Safetywear LLC; Ansell Limited; Teijin Aramid Co. Ltd.; Australian Defence Apparel Pty Ltd.; Workwear Outfitters LLC; E.I. du Pont de Nemours and Company; TenCate Protective; Big Bill Ltd.; SW Safety Solutions Inc.; Berne Apparel Group; Irudek Group S.A.; Kappler Inc.; Tronex International Inc.; Alpha Pro Tech LLC; Sioen Industries NV; Delta Plus Group; Radians Inc.; International Enviroguard Inc.; Afassco Industries Inc.; Uvex Safety Group GmbH & Co. KG; Cordova Safety Products Inc.; SureWerx Corporation; UniFirst Corporation; Cintas Corporation; Portwest
Industrial Protective Clothing Market 2024 Key Insights:
• The industrial protective clothing market will grow to $31.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Increasing Workplace Injuries Drives The Industrial Protective Clothing Market
• Product Innovations To Strengthen Position
• North America was the largest region in the industrial protective clothing market in 2023 and is expected to be the fastest-growing region in the industrial protective clothing market report during the forecast period
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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