Personal Protective Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Personal Protective Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global personal protective equipment market was worth US$ 46.7 Billion in 2018. Personal Protective Equipment (PPE) is a collective term used for wearable equipment and gear that protects users against various potential occupational hazards. It primarily includes equipment for the protection of face, eyes, ears, head and feet. According to various government agencies, it is mandatory for workers to wear puncture-resistant safety boots with slip-resistant soles and hard hats to ensure maximum protection against hazards and accidents. As a result, PPE finds extensive application in labor-oriented industries such as chemical, oil and gas, construction and pharmaceutical, wherein injuries can result from contact with physical, chemical, mechanical and radioactive substances.

Rapid industrialization is one of the key factors contributing to the market growth. It has led to an increase in the construction activities across the globe. However, there exists a severe lack in terms of safety measures at construction sites, which has resulted in frequent cases of occupational hazards worldwide, leading to a loss of valuable workforce and time. Consequently, there has been a rise in the awareness of personal and occupational safety among workers and employers to ensure maximum protection at the workplace. Owing to these factors, PPE is now widely incorporated in both developed and emerging economies. Furthermore, various product innovations such as the introduction of smart wearables with sensors that can identify patterns and the presence of hazardous elements in a mine or an oil rig are also catalyzing the market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 68.1 Billion by 2024, registering a CAGR of 6.5% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Equipment Type:
Head, Eye and Face Protection
Hearing Protection
Protective Clothing
Respiratory Protection
Protective Footwear
Fall Protection
Hand Protection
Others

Market Breakup by End Use Industry:
Manufacturing
Construction
Oil and Gas
Healthcare
Others

Market Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International Inc., E I Dupont De Nemours and Co., 3M Co., Kimberly-Clark Corporation, Ansell Limited, MSA Safety Inc., Lakeland Industries, Inc., Alpha Pro Tech, Ltd., Sioen Industries NV, Radians, Inc., COFRA Holding AG, Avon Rubber P.L.C., Uvex Safety Group, National Safety Apparel, etc.

Key Questions Answered in This Report:

How has the global personal protective equipment market performed so far and how will it perform in the coming years?
What are the key regional markets in the global personal protective equipment industry?
What is the breakup of the market based on the equipment type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global personal protective equipment industry?
What are the key driving factors and challenges in the global personal protective equipment industry?
What is the structure of the global personal protective equipment industry and who are the key players?
What is the degree of competition in the global personal protective equipment industry?
What are the profit margins in the personal protective equipment industry?