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Personal Protective Equipment Market: 2018 Global Sales, Size, Share, Competitive Analysis, Upcoming Opportunities and Forecast To 2023 | COVID-19 Impact

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Ehtesham Peerzade

Market Highlights

The implementation, scrutinization, and amendment of labor laws by governments to ensure the safety and protection of laborers is likely to drive the growth of the personal protective equipment market in the coming years. The governments have mandated safety standards to be met by industries for the workers. These mandates are expected to lead the proliferation of the personal protective equipment market during the assessment period.  In addition, industries such as oil & gas, mining, etc. require the labors to work in extreme conditions. It is presumed to boost the growth rate of the global market in the nearby future. Increasing exploration activities in the mining industry are one of the primary market drivers.

Personal protective equipment refers to safety gears used by the workers in the industry such as helmets, eye gears, gloves, etc. According to the findings offered by Market Research Future (MRFR), the global personal protective equipment market is expected to scale 6.2% CAGR over the forecast period 2017 to 2023. The market, in terms of revenue, is poised to touch a valuation of USD 53.14 Bn by 2023.

Market participants are focusing on the innovation of product line and product development. The launch of new and lightweight products is expected in the coming years. It is supposed to push the personal protective equipment market on its growth trajectory.

Competitive Dashboard:

E I DuPont de Nemours and Co. (US), Alpha Pro Tech, Ltd. (Canada), Radians, Inc. (US), Sioen Industries NV (Belgium), 3M Company (US), Ansell Limited (US), MSA Safety Inc. (US), Kimberly-Clark Corporation (US), Carl Zeiss AG. (Germany), Honeywell International Inc. (US), and Lakeland Industries, Inc. (US) are some of the players operating in the personal protective equipment market profiled in this assessment. These players are anticipated to innovate and expand their product lines in the upcoming years. It is presumed to catalyze competition among the market players during the forecast period.

Regional Analysis:

The regional assessment of the global personal protective equipment market includes the study of four key regions - Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). These regional segments are also assessed on the basis of countries present. North America has captured the largest share of the global market and is anticipated to maintain its dominance over the assessment period. The implementation of strict labor protection laws in the region is expected to drive the growth of the market in the region. In addition, the investments in the revamp of the construction industry are also poised to influence the personal protective equipment market greatly in the nearby future. Asia Pacific also resonates growth potential and is prognosticated to earn considerable revenues in the coming years. Rapid industrialization is the key factor boosting the expansion of the market in Asia Pacific region.

Segmentation:

The segmentation of the personal protective equipment market, on the basis of type, covers - respiratory protection, foot & leg protection, protective clothing, eye & face protection, fall management equipment, head protection, hands & arm protections, protective eyewear, protective communications, and others.

Based on safety products, the segmental analysis of the personal protective equipment market covers gloves, safety helmets, eye protection, safety footwear, high-visibility clothing, oxygen mask, and others.

The end-user segments of the personal protective equipment market profiled in the report are - manufacturing, machinery & electronics, construction, chemical, aeronautics and aerospace, oil & gas, healthcare, transportation, food & beverage, firefighting, and others.

Industry News:

In October 2019, RX-Safety, a leader in general safety glasses and prescription safety glasses, has announced the launch of a complete product line for Oakley Prescription Safety Glasses. These glasses will also be available for online purchase on RX-Safety.com.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/personal-protective-equipment-market-3826

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