According to a report by Grand View Research Inc., the
global personal protective equipment market reported a valuation of USD 38.38
billion in 2015. Safety is integral to any business. Personal protective
equipment (PPE) ensure minimum exposure to occupational health hazards. They
are available in different forms, including pads, gloves, masks, and shields.
Stringent regulations pertaining to occupational health
and safety are likely to help the market gain tremendous impetus. Mandated
policies by organizations such as the Occupational Safety and Health
Administration (OSHA) and National Institute for Occupational Safety and Health
(NIOSH) have been compelling employers to look after employee safety in
industries. In addition, these regulations ensure that PPE is assessed properly
to make it fit for use along with proper maintenance.
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Report On Personal Protective Equipment Market Analysis : https://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-ppe-market
Rising awareness regarding safety and security of
employees at workplace is expected to create a staggering demand for personal
protective equipment. Mounting cases of workplace fatalities is prompting
employers to pay attention to employee health and safety. By prioritizing
workers’ safety and establishing safety guidelines, they are able to save large
operational costs in the form of compensation and arbitrated settlements. Apart
from this, the market is also driven by rapid expansion in the manufacturing
and construction industries and increasing research and development
establishments in developing economies.
Introduction of smart and wearable PPE products is
transforming the workplace to a connected domain, which in turn is improving
worker safety and productivity. For instance, in April 2017, Tata Group
developed a safety wearable watch for workers at Tata Steel. Tata Elxsi, Titan,
and Tata Consultancy Services came together for ‘design thinking’. The
smartwatch has an analog face and can track temperature, movements, heartbeats,
ambient gases, and fall detection. Technological innovations, along with
changing consumer need for protective equipment, are estimated to augment the
market.
On the other hand, increasing penetration of automation
in end-use industries can hamper growth prospects. Automation reduces the need
for physical presence of workers. Furthermore, high price of personal
protective clothing is poised to inhibit market growth. Unavailability of
safety data from industries, especially in developing economies, can adversely
affect the growth of the market. However, growing popularity of e-commerce can
boost the sales of personal protective equipment in coming years.
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The global personal protective equipment market has been
segmented on the basis of product, end-use industry, and region. Based on
product, the market has been divided into head, eye, and face protection,
protective clothing, hearing protection, protective footwear, respiratory
protection, hand protection, fall protection, and others. By end-use industry,
the market has been classified into manufacturing, construction, chemicals, oil
and gas, transportation, food and beverage, mining, and healthcare and
pharmaceuticals.
In terms of geography, the market has been fragmented
into Europe, North America, Asia Pacific, Central and South America, Africa,
and Middle East. Europe will be at the forefront of growth throughout the
forecast period (2014–2024). Rising cases of occupational fatalities are one of
the primary growth stimulants of the region. Soaring need for high utility
protective gears and durable mechanical wear resistance is anticipated to
trigger the growth of the market. On the flip side, the growth of the market in
Europe can slow down due to increasing implementation of automation in
industries.
North America will also account for a substantial share
in the market, owing to stringent norms pertaining to occupational health and
safety. Asia Pacific is projected to be the fastest growing region during the
same period. Spiraling demand for personal protective equipment in the
construction and manufacturing industries, especially in emerging economies
such as India, China, and Vietnam, will contribute to the growth of the region.
The global personal protective equipment is highly
fragmented in nature. Key players in the market are investing in research and
development activities to create innovative, application-specific products.
Strategic differentiation and competitive pricing of products and services are
imperative for market participants to ensure a strong foothold in the global
arena. Some of the prominent companies operating in the market are DuPont,
Honeywell, 3M, Alpha Pro Tech Ltd., and MSA Safety.
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Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-personal-protective-equipment-ppe-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
