Saudi Arabia Personal Protective Equipment Demand Spurred by Regulatory Reform ,Revenue is projected at a CAGR of 7.0% 2021

3M Corporation, Honeywell International, and MSA Safety were the leading providers of personal protective equipment in Saudi Arabia in 2014. The three companies collectively held more than 50% of the market share in 2014 for the Easter, Western, and Central provinces.

As stated by Transparency Market Research in its recent publication, the Saudi Arabia market for personal protective equipment is competitively intense, especially amongst the more prominent players in the market.
The key players in the Saudi Arabia personal protective equipment market depend on their wide range of products coupled with a greater level of trust for the brand name, in comparison to the local players.

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The Saudi Arabia market for personal protective equipment is expected to reach US$318.7 mn by the end of 2016 US$444.2 mn in 2021. Its revenue is projected at a CAGR of 7.0% from 2015 to 2021.

A large chunk of the demand for personal protective equipment in Saudi Arabia comes from the oil and gas sector. By the end of 2021, an expected US$175.0 bn is expected to be generated from the oil and gas sector’s demand.

Professional footwear has consistently been the more used personal protective equipment and is charted to reach US$113.8 mn of the total personal protective equipment revenue by 2021. Headgear protection follows in preference and demand in Saudi Arabia.

Eastern Province Continues Dominance in Personal Protective Equipment Demand

By the end of 2021, the Eastern province of Saudi Arabia is expected to generate US$233.6 mn in revenue for its personal protective equipment market. This leading market share is attributed to the giant percentage of the oil and gas companies situated in this region.

The Central and Western provinces also hold substantial demands for personal protective equipment due to the large number of transportation, construction, and other end-user industries in these regions.

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Worker Safety Awareness Increases, Spurs Personal Protective Equipment Demand

“Saudi Arabia has had its fair share of worker accidents in the recent past. The high number of these accidents have left the government resorting to highly stringent safety regulations that industrial enterprises need to adopt. This upcoming wave of strict regulations is expected to massively promote the demand for personal protective equipment in Saudi Arabia,” states a TMR analyst.

This applies especially to the oil and gas sector which provides large contributions to region’s GDP.
Additionally, the imminent increase in approval of new safety devices is expected to further boost the sales and distribution of personal protective equipment in the region.

Process Automation Could Hamper Personal Protective Equipment Sales
As with most regions, Saudi Arabia is expected to undergo large-scale automation of production processes due to the various advantages of automation. This, however, is expected to have a negative impact on the demand for personal protective equipment due to the reduction in worker numbers over the coming years.

The Saudi Arabia market for personal protective equipment is hampered further by the large number of local players involved in making cheap safety products. The more prominent ones are compelled to reduce their product prices and consequently slow down their development rate.

“Personal protective equipment manufacturers can look to the burgeoning industrial environment of the Northern and Southern provinces of Saudi Arabia. Both regions are showing excellent industrial growth are relatively untapped in terms of the availability of personal protective equipment,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Personal Protective Equipment Market - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Key Takeaways:
• Saudi Arabia expected to generate US$444.2 mn in revenue in personal protective equipment by 2021.
• Professional footwear expected to accrue a revenue of US$113.8 mn by 2021 in Saudi Arabia.
• Oil and Gas demand for personal protective equipment in Saudi Arabia expected to reach US$175.0 mn by 2021.

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