Personal Protective Equipment Market Research worth 52.4 Billion USD by 2020
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“North America is the key market for PPE”
North America dominated the PPE market in 2014. The U.S. is the key market for PPE in the region. The growing demand for PPE in construction & manufacturing and oil & gas segments is driving the market for PPE in the region. Furthermore, there is huge consumption potential, growing manufacturing capacities, competitive manufacturing costs, and high economic growth rates that are favorable forces for future growth in the PPE market. The oil & gas segment is expected to witness growth during the projected period.
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Asia-Pacific is the fastest-growing market for PPE during the projected period. The ensuing increase in investments and rise in the number of new manufacturing establishments is anticipated to witness Asia-Pacific emerge into a prime driver of growth for the PPE market. Furthermore, the health care segment is expected to witness decent growth during the forecast period. This is due to the rising concern for safety from body fluid contamination and chemicals in the region. Moreover, the rising oil & gas activities drive the market for PPE in upstream & downstream fields.
“Construction & manufacturing application to dominate the global PPE market”
Construction & manufacturing segment dominated the PPE market with ~27.1% the global market share in 2014, in terms of value. The increasing demand to work in risky environment, such as erection, repair, demolition, structural or routine maintenance, painting, land clearing, and earth moving, trenching, digging, boring, drilling, blasting, and concreting demands the use of PPE. The government has made mandatory policies for construction & manufacturing industry to follow the safety standard equipment to reduce accidents and uncertainties in industries.
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Oil & gas is the other key application area of PPE. The industry exposed to serious life threatening hazards. The stringent safety norms in the developed nations of Europe and North America drive the market for PPE. Moreover, the growing oil & gas industry in the Asia-Pacific region drives the market for PPE.
“Hand & arm protection projected to have the highest growth”
Hand & arm protection accounted for the largest market share in 2014 and are projected to dominate the global market by 2020. Hand & arm protection are not only used to protect an individual from hazards or injuries but also provides them comfort during work. The excessive vibrations to the hands due to repetitive trauma which causes hand-arm vibration syndrome (HAVS) is a matter of concern, which in turns drives the marker for hand & arm protection.
Moreover, foot & leg protection is growing rapidly, mainly due to working in areas where there is danger of foot injuries owing to rolling or falling objects or where an employee’s feet are exposed to electrical hazards. The various types of foot & leg protection used for protection at workplaces includes leggings, metatarsal guards, toe guards, safety shoes, and combination of foot and shin guards. For More: http://www.marketsandmarkets.com/Market-Reports/personal-protective-equipment-market-132681971.html
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