Global Personal Protective Equipment Market predictable to reach USD 72.1 billion by 2026, at a CAGR of 7.3 %

Published | 23 April 2020

The Global PersonalProtective Equipment Market was prized at USD 44.0 billion in 2019, and it is predictable to reach USD 72.1 billion by 2026, at a CAGR of 7.3%, over the forecast period.

Personal Protective Equipment is a security gear that defends the user beside injury dangers at workplace.  Personal Protective Equipment contains of range of products eminent to protect different parts of human body that are unprotected to thoughtful injuries at workplace. Employers are vigorously looking for Personal Protective Equipment for their employees as it aids them to protect extra expenditures on lost manufacture time, workers recompense and medical expenditures. Workers can bear wounds from contact with physical, radiological, electrical, chemical, mechanical or other workplace hazards. Individual defensive gear reduces the influence of these hazards by presenting a fence between user and the working environment. Individual defensive equipment stand last in the line of ladder of danger control. This policy outline covers systematic error elimination techniques to stop damages at workplace. In hierarchal order, the framework contains removal, replacement, industrial & managerial control methods and Personal Protective Equipment gears.

The growing blue-collar workforce, in line with an increasing number of construction and manufacturing projects, is probable to increase the danger of occupational hazards unavoidably. This has bound companies to surge the level of mindfulness relating to health hazards and adhere to professional fitness and safety rules. This is predictable to limb the request for personal protective equipment over the prediction period. Growing essential for breathing gear in mining, emergency response, military, and law implementation, healthcare, and fire services, coupled with increasing examples of wounds at the workplace, is expected to push the market over the coming years.

Europe has been the leading consumer of Personal Protective Equipment Market and is predictable to see cognitive development over the prediction period.  There has been a rising need for extremely real wear-and-tear-hardy and high-utility personal protective equipment in most core industries such as metal manufacturing, purifying, oil and gas, automotive. This, coupled with the increasing number of occupational injuries, is expected to augment the acceptance of personal protective equipment in the area over the prediction period.

The rising number of manufacturing mortalities in developing economies of Asia Pacific, due to lack of appropriate protective gear and low consciousness regarding employee safety is expected to push market growth. Besides, technological novelty and changing consumer preference for personal protective equipment that syndicates safety and fashion are predictable to supplement market growth.

Growth Drivers

Increasing awareness about importance of workplace safety

Increasing blue-collar workforce in line with growing number of construction and manufacturing projects is expected to inevitably raise the risk of occupational hazards. This has compelled companies to increase the level of awareness pertaining to health hazards and adhere to occupational health and safety regulations. This is projected to spur the demand for personal protective equipment over the forecast period.

High growth in developing economies

Rising number of industrial fatalities in emerging economies of Asia Pacific, due to lack of appropriate protective gear and low awareness regarding employee safety is anticipated to propel market growth. In addition, technological innovation and changing consumer preference for personal protective equipment that combines safety and fashion are expected to augment market growth.

Adoption of stringent regulatory framework

The Occupational Safety and Health Act (OSHA) has teamed up with various health and safety organizations for unique ideas and solutions through the Workplace Innovator Award campaign. Such initiatives by agencies in collaboration with market players to improve safety standards is anticipated to stimulate demand for personal safety equipment growth over the coming years.

Stringent regulatory guidelines have made mandatory for employers to provide its employees with certified protective gears. For instance, Occupational Safety and Health Administration (OSHA) have issued certain regulations that mandates employers to protect their employees from various workplace hazards. Additionally, new upgraded safety standards issued by ANSI and EU have urged manufacturers to improve ergonomics as it will improve dexterity and reduce discomforts.

Global Personal Equipment Safety Market: Competitive Landscape

Europe has been the leading consumer of PPE and is predictable to see cognitive development over the prediction period.  There has been a rising need for extremely real wear-and-tear-hardy and high-utility personal protective equipment in most core industries such as metal manufacturing, purifying, oil and gas, automotive. This, coupled with the increasing number of occupational injuries, is expected to augment the acceptance of personal protective equipment in the area over the prediction period.

Some of the leading players operating in the global personal equipment safety market are 3M Co. (US), MSA Safety Inc. (US), Ansell Limited (US), Honeywell International Inc. (US), E I DuPont de Nemours and Co. (US), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), and Radians, Inc. (US), among others.

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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Personal Equipment Safety Market size & forecast. The report promises to provide state-of-the-art technology of Global Personal Equipment Safety Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.

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