Body Protection Equipment Market to Bring in US$ 2,901.4 Million Revenue by 2022 End
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However, high raw material cost and product differentiation are some of the factors hampering the growth of tection equipment market. However, companies are focusing on the changing preferences of consumers, developing smart body protection equipment in order to sustain the competition.
Some of the key market players in the global body protection equipment are E. I. du Pont de Nemours and Co, 3M Company, Kimberly-Clark Corporation, Honeywell International Inc., Ansell Limited, Lakeland Industries, Inc., Cooper Tire & Rubber Co., Alpha Pro Tech, Ltd., Radians, Inc., and Cintas Corporation.
According to the report by Transparency Market Research (TMR), the global body protection equipment market is expected to witness robust growth. The market is expected to register 6.6% CAGR during the forecast period 2017-2022. It is also estimated to reach US$ 2,901.4 million revenue by the end of 2022.
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The global body protection equipment market is segmented on the basis of application and product type. Based on the application, the manufacturing sector is expected to be one of the largest users of body protection equipment during the forecast period 2017-2022. Meanwhile, based on the product type, the market segmentation includes coveralls, laboratory coats, full body suits, vests & jackets, aprons, and surgical gowns. Among these, laboratory coats are expected to be the highly preferred product in the body equipment market during the forecast period 2017-2022.
Region-wise the market segment includes North America, Latin America, Japan, Europe, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA). North America is expected to remain dominant in the global body protection equipment market during the forecast period 2017-2022.
Key manufacturers are investing heavily in synthetic fibers in order to develop protective garments and gloves offering better protection, comfortable and lightweight. Demand for body protection equipment that are durable, enhances comfort, and protection is increasing. Hence, manufacturers are producing protection equipment using synthetic fibers. Moreover, synthetic fibers are consumer friendly as it offers stretching that makes it more comfortable to wear, are water-proof and sustain resistant. Integrating sensors that can help to carry operations comfortably are also being focused on.
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Manufacturers are also looking to integrate nanotechnology in the fiber to enhance the safety. Using nanotechnology, materials can be made lighter, stronger, and durable. Nanoscale materials are enabling in production smart fabrics, equipped with the sensors and electronics that are able to monitor health, capture and share data. Body protection equipment market is witnessing nanomaterial as the biggest trend in preventing injuries by enhancing monitoring and communication activities. Producing innovative body protection equipment are being focused on by manufacturers to offer something different, reduce cost and fulfill the safety requirement in various industries.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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