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Personal Protective Equipment Market Research worth 52.4 Billion USD by 2020

02-07-2017 11:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Markets and Markets

Markets and Markets Limited

Markets and Markets Limited

The report “Personal Protective Equipment Market by Type (Hand & arm protection, Protective Clothing, Foot & leg protection, Eye & face protection, Head protection, and Others) by Application (Construction & Manufacturing, Oil & Gas, Healthcare, Firefighting, Mining, Food Industry, and Others) - Global Forecasts to 2020”, defines and segments the PPE market with an analysis and forecast for types and applications by value. The PPE market size by value is projected to reach USD 52.4 Billion by 2020, with a CAGR of 6.8% between 2015 and 2020.
Browse 72 market data tables and 56 figures spread through 171 pages and in-depth TOC on “Personal Protective Equipment Market by Type (Hand & arm protection, Protective Clothing, Foot & leg protection, Eye & face protection, Head protection, and Others) by Application (Construction & Manufacturing, Oil & Gas, Healthcare, Firefighting, Mining, Food Industry, and Others) - Global Forecasts to 2020”

Early buyers will receive 10% customization on reports.

“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

About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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