Personal Protective Equipment Market: Professional Footwear Demand Keeps Companies on Cutting Edge of Innovation in Saudi Arabia

The prime players dominant in the Saudi Arabia personal protective equipment market are 3M Corporation, Avon Rubber Plc., Honeywell International, E.I. DuPont De Nemours, and Ansell Ltd., MSA Safety, as per Transparency Market Research (TMR). There is a lot of competition amongst the prime players in order to gain the maximum share in this market in Saudi Arabia. These players are engaged in making equipment such as professional footwear, fall protection harnesses, head protection, etc. in order to gain a competitive edge in the market in Saudi Arabia.

The personal protective equipment market in Saudi Arabia stood at US$275.1 mn in 2014 and is poised to touch US$444.2 mn by 2021 end, rising at a 7.0% CAGR between 2015 and 2021. In terms of product type, the segment of professional footwear held the most significant share of 26.3% in the market in Saudi Arabia in 2014 This is due to the rising demand for professional footwear from the sector of oil and gas, the biggest industry within Saudi Arabia. The segment of head protection held the second position in the market in the same year due to the growing demand for head protection from the manufacturing and construction industries.

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Booming Oil and Gas Sector to Raise Demand for Personal Protective Equipment in Saudi Arabia

In terms of application, oil and gas sector held a dominant share of over 40% in the market for personal protective equipment in Saudi Arabia in 2014 and is predicted to maintain its superiority all through the forecast horizon. This is due to the flourishing oil and gas sector. The Saudi Arabia personal protective equipment for oil and gas in Saudi Arabia is expected to touch US$175.0 mn by 2021 end, rising at a CAGR of 6.3% in the forecast period. On the other hand, the segment of pharmaceuticals is the most rapidly developing segment in the market in Saudi Arabia.

In terms of province, the market in Saudi Arabia has been led by the Eastern province in 2014 and was trailed by Central, Western, and other provinces. This is due to the proliferation of numerous end use industries such as transportation, oil and gas, construction, and manufacturing in this province of Saudi Arabia, thus driving growth of market here. The Eastern province held the most dominant share of 53.2% in this market in 2014.

Increasing Occurrence of Accidents in Various Sectors to Fuel Market Growth

“The development of the personal protective equipment market in Saudi Arabia is fuelled by the growing awareness in safety of workers and the increasing demand from the oil and gas industry in Saudi Arabia ”, says a TMR analyst. This is due to the growing advent of accidents in workplaces have fuelled the demand for personal protective equipment in a number of sectors. The industry of oil and gas in Saudi Arabia employees a key portion of labor force in this country, thus driving the utilization of various types of for personal protective equipment. Furthermore, a number of regulatory bodies in Saudi Arabia are supporting the utilization of personal protective equipment. This will also positively influence the growth of the market in Saudi Arabia.

On the other hand, the launch of cheap and local products in the market owing to increasing rivalry amongst local players in the market. Hence, the prime players operating in this market are facing stiff competition and are losing their dominance due to the economical pricing strategies being adopted by local players. This factor may negatively impact the development of the market in Saudi Arabia. In addition, the growing automation in different sectors will also restrain the growth of this market in Saudi Arabia.

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Nonetheless, the untapped opportunities in Southern and Northern province of Saudi Arabia may bring in new development prospects in the market, states a TMR analyst.

This information is based on the findings of a report published by Transparency Market Research titled, “Personal Protective Equipment Market by Types - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

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