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PostPosted: Thu Jun 13, 2019 10:56 am
by Shifangjing
Personal Protective Equipment Market Size Worth $55.6 Billion By 2028
by sarajames · November 22 Jordan Whitehead Buccaneers Jersey , 2018

22 November 2018 –

The global聽Personal Protective Equipment Marketto reach USD 55.6 billion by 2028, owing to the increasing awareness towards employee health and safety issues at work place coupled with rising industrial fatalities in emerging economies on account of shortage or lack of protective gear. Technological innovation, along with changing consumer needs for protective equipment which offers complete safety and is fashionable and appealing at the same time is further estimated to augment the market over the forecast period.

Europe emerged as the leading regional market for PPE accounting for more than 32% of the market revenue share over the forecast period. The implementation of strict safety standards by regulatory agencies such as Occupational Safety and Health Administration (OSHA) mainly in Europe and North America is expected to fuel the need to use personal protective equipment over the forecast period.

Increasing occupational fatalities coupled with requirement for high durable mechanical wear resistance and high utility protective gears in most of the core industries such as oil & gas Alex Cappa Buccaneers Jersey , refining, metal manufacturing and automotive is expected to augment penetration of the segment over the forecast period. Increase in the use of PPE coupled with rapid industrialization in emerging economies such as China, India M.J. Stewart Buccaneers Jersey , and Brazil is expected to drive durable protective clothing segment in foreseeable future. Favorable regulatory scenario to minimize occupational hazards across various regions is also expected to have a positive influence on the market growth. Increasing construction activities in Asia Pacific and Middle East is also expected to fuel the industrial protective clothing demand.

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Protective clothing segment accounted for more than 23% of the market share owing to the growing occupational hazards coupled with the mandatory implementation of regulations to use protective clothing in most of the core industries such as oil & gas, refining, metal manufacturing and automotive is expected to augment market growth of the protective clothing segment over the forecast period.

Construction is anticipated to be the fastest growing application segment for personal protective equipment in future on account of rising constructional activities in Asia Pacific and Central & South America. Overhead costs associated with workplace fatalities is expected to increase product penetration in the segment over the foreseeable future.

Growing manufacturing capabilities in Asian countries is anticipated to decrease quality gap between national brands and private labels. PPE manufacturers are investing heavily in R&D and strengthening customer engagement in order to gain consumer preferences and cater to definite needs across industries and price points in the global PPE market. Some national brand manufacturers actively offer private label services in specific commoditized PPE segments. This creates competition between the national brand product and the distributor owned private label brand product. The major players are focusing on quality Ronald Jones II Buccaneers Jersey , service and innovation to differentiate themselves from national brands in the market by adopting strategies such as product portfolio expansion, capacity expansions, and development of new facilities to gain market share.

Hexa Research has segmented the global personal protective equipment market report based on product type Carlton Davis Buccaneers Jersey , application and region:

Segmentation by product type, 2015 – 2028

Segmentation by application Vita Vea Buccaneers Jersey , 2015 – 2028 聽

Key players analyzed:

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