Press release
Personal Protective Equipment Market to Raise at a 7.30% CAGR till 2020
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As per the report, the rising number of government regulations and awareness programs on workplace safety are amongst the key factors driving the market for personal protective equipment market. In addition, increasing demand for personal protective equipment in the segments of oil and gas and construction and manufacturing in a number of countries is also fuelling the market for personal protective equipment. In addition, factors such as increasing manufacturing capacities, high consumption potential, high economic growth rates, and competitive manufacturing costs will also stimulate the market for personal protective equipment in the coming years. On the other hand, the deteriorating quality of products is amongst the key factors that may restrain the growth of the market in the coming years.
On the basis of type, the market is segmented into hearing protection; head, eye, and face protection; respiratory protection; protective clothing; fall protection; professional footwear; hand protection; others. Amongst these, the segment of professional footwear emerged as the biggest segment in the market for personal protection equipment. On the other hand, the segment of fall protection is the most swiftly developing segment in the market and stood at US$2.8 bn in 2013. The segment of head, eye, and face protection also stood as a key segment and was valued at US$5.9 bn in 2013.
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On the basis of application, the market is segmented into manufacturing, construction, chemicals, food, oil and gas, transportation, pharmaceuticals, and others. The use of personal protective equipment is the highest in the manufacturing sector and the manufacturing segment held a share of US$6.7 bn in 2013. On the other hand, the growing logistics industry is fuelling the demand for personal protective equipment within the transportation segment. The transportation segment stood at US$2.6 bn in 2013. In addition, utilization of personal protective equipment will be the highest in the transportation sector in the coming years.
On the basis of geography, the personal protective equipment market is segmented into Europe, North America, the Middle East, Russia, South America, Africa, South America, and Asia Pacific. The rapid industrialization and rising foreign investments experienced by emerging economies of South America, Africa, and Asia Pacific will stimulate the demand for personal protective equipment in the coming years.According to the report, the prominent players operating in the market include Alpha Pro. Tech, Ltd., 3M Co., Ansell Ltd., JAL Group, Avon Rubber p.l.c., COFRA Holding AG, Honeywell Safety Products, Oftenrich Holdings Company Limited (Golden Chang), Uvex Safety Group, and Rock Fall Ltd., among others.
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