Personal Protection Equipment (PPE) Market is anticipated to rise at a CAGR of 6.8%  2030

 

The Global Personal Protection Equipment Market size is estimated to be USD 49.21 billion in 2019 and is predicted to reach USD 101.47 billion by 2030 with a CAGR of 6.8% from 2020-2030. Personal Protection Equipment (PPE) is generally used for the user protection from various hazardous accidents while working at different places. These include wide range of products such as helmets, gloves, shoes and others. These equipments act as a barrier between chemical, hazardous substance and user and ensure the maximum safety. These equipments can be used for on job protection, during sports activities, biohazard and others.

 

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Over the period of time there has been tremendous growth in the on job safety regulations by the government and regulatory bodies to ensure the safety of labors and employees are expected to anticipate the growth of personal protection equipment market. Furthermore, increasing awareness about workplace safety and others are expected to fuel the growth of personal protection equipment market.

 

There are various other factors contributing the growth of personal protection equipment market are technological advancement, increase in workplace accidents and rapid industrialization. Moreover, increasing foreign investment in the developing region is expected to promote the growth of personal protection equipment market. However, high cost of raw materials, changing government regulations are expected to hinder the growth of personal protection equipment market. On the other hand, increasing demand of multi-purpose equipment with light weight materials is expected to create ample opportunities in the personal protection equipment market in the near future.

 

Market Segmentations and Scope of the Study:

 

The global personal protection equipment market share is analyzed on the basis of product, application, and geography. On the basis of product, the market is segmented into head protection, eye and face protection, hearing protection, protective clothing, respiratory protection, protective footwear, fall protection, hand protection, and others. The head protection is sub segmented into safety helmets & hard hats, and bump caps. The hearing protection segment is further divided into cap mounted, over the head type, disposable. The fall protection segment is further sub-segmented into personal systems, and engineered systems. On the basis of application, the market is divided into construction, oil & gas, manufacturing, chemicals, pharmaceutical, food, and transportation. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis

 

North America represents the largest market share over the forecast period owing to the presence of developed economies and increased adoption of personal protection equipments due to the stringent workplace safety regulations. Furthermore, increase in occupational injuries and accidents coupled with technological advancement are expected to support the growth of personal protection equipment market.

 

Asia Pacific is expected to show developing market size owing to the presence of developing economies. Moreover, increase in foreign investment, rapid industrialization, and increased awareness about workplace safety is expected to fuel the growth of personal protection equipment market.

 

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The personal protection equipment market is highly fragmented and competitive in nature due to the presence of various market players contribute to the total market size. Some of the key players include Z and V Group, 3M Company, Jallatte Group, Wells Lamont Industry Group, Bekina NV, Gateway Safety Inc., Eurodress GmBH, Ansell Healthcare Products LCC, Alpha Pro Tech Ltd., Honeywell Life Safety, Avon- ISI, Interspiro, JSP Ltd., Oftenrich Holdings Co. Ltd, COFRA Holding AG, Golden Chang, JAL Group, Avon Rubber p. i. c., and Rahman Group among others.

 

There have been various developments taken place in the personal protection equipment market which contribute the overall market size. For instance, In August 2019, 3M has announced that it has entered into an agreement with Avon Rubber p.l.c. to purchase 3M’s advanced ballistic-protection business for $91 million, subject to closing and other adjustments. A further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders. Avon Rubber is a provider of advanced chemical, biological, radiological and nuclear respiratory protection systems for military, law enforcement and fire customers. 3M’s ballistic-protection business is part of its advanced materials business.

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  • john61
    published this page in Submit Content 2019-12-03 22:50:19 -0800

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